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E-Commerce & Other Non-Store Retailers Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032
The Business Research Company's E-Commerce & Other Non-Store Retailers Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032
The size of ecommerce & other non-store retailers market is expected to grow to $6,091.24 billion in 2027 at a CAGR of 11.2%.” - The Business Research Company
LONDON, GREATER LONDON, UK, December 13, 2023 /EINPresswire / -- In a digital era marked by transformative consumer experiences, the global e-commerce & other non-store retailers market is poised for remarkable growth. From $3,564.2 billion in 2022, the market is set to surge to $3,989.37 billion in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 11.9%. Projections indicate sustained momentum, with the e-commerce & other non-store retailers market size expected to expand to $6,091.24 billion by 2027, maintaining a formidable CAGR of 11.2%.
Omnichannel Revolution: Bridging Online and Offline Shopping
Retail companies are orchestrating a seamless shopping experience by integrating brick-and-mortar stores with online platforms. The adoption of omnichannel retailing has become instrumental in offering customers a myriad of purchasing options, be it through phone, online platforms, or physical stores. This flexibility enhances convenience, contributing to increased sales. For instance, UK-based fashion retailer Oasis employs iPads in its brick-and-mortar stores, providing on-the-spot information on product availability. This integration extends to online shoppers as well, allowing them to search for unavailable items online, with the retailer locating the product in its stores and shipping it to the customer.
Explore the Global Ecommerce & Other Non-Store Retailers Market with a Detailed Sample Report:
Market Leaders and Innovations in Customer Engagement
Major players shaping the e-commerce & other non-store retailers market include Amazon Inc., JD Inc., Alibaba Group Holding Limited, and others. Companies are investing in innovations to enhance customer engagement, with vending machine operators integrating gamification techniques. Gamification, incorporating game-playing elements, elevates customer experiences and encourages repeated engagement. Notable examples include eBay's bidding and feedback system, Nike's "winter's angry campaign," BestBuy's Cityville Presence, and Zappos, fostering a gamified culture in customer service.
Innovative Payment Modes and Product Diversity
The market encompasses a diverse array of products, including food, clothing, healthcare items, electronics, and more. Payment modes have evolved to include card payments, bank transfers, digital wallets, cash payments, and other modes, reflecting the dynamic nature of consumer preferences.
Global Reach and Regional Dynamics
In 2022, North America emerged as the leading region in the e-commerce & other non-store retailers market, with Asia-Pacific securing its position as the second-largest region. The comprehensive global analysis covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Segmentation for Varied Preferences
The market is intricately segmented, accommodating varied preferences:
.By Type: E-Commerce, Vending Machine Operators, Direct Selling Establishments
.By Product: Food, Clothing, Healthcare, Electronics, and Other Products
.By Payment Mode: Card Payments, Bank Transfers, Digital Wallets, Cash Payments, and Other Payment Modes
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Ecommerce & Other Non-Store Retailers Global Market Report 2023 from TBRC covers the following information:
.Market size date for the forecast period: Historical and Future
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Ecommerce & Other Non-Store Retailers Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on ecommerce & other non-store retailers market size , ecommerce & other non-store retailers market drivers and trends, ecommerce & other non-store retailers market major players, e-commerce & other non-store retailers market competitors' revenues, e-commerce & other non-store retailers market positioning, and e-commerce & other non-store retailers market growth across geographies. The ecommerce & other non-store retailers market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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