What is the market size for ecommerce?
The global e-commerce market size was estimated at USD 9,093.6 billion in 2019 and is expected to reach USD 10,361.0 billion in 2020.
|Market size value in 2020||USD 10.36 trillion|
|Revenue forecast in 2027||USD 27.15 trillion|
|Growth Rate||CAGR of 14.7% from 2020 to 2027|
|Base year for estimation||2019|
What is the status of Ecommerce in India?
India’s E-commerce revenue is expected to jump from US$ 39 billion in 2017 to US$ 120 billion in 2020, growing at an annual rate of 51 per cent, the highest in the world. Online retail sales in India are expected to grow by 31 per cent to US$ 32.70 billion in 2018, led by Flipkart, Amazon India and Paytm Mall.
What percentage of retail is ecommerce in India?
Retail online had gained speed in the last decade. Despite online sales accounting for just three percent of all retail in 2017, the digital commerce sphere was estimated to reach 330 million buyers online by 2020.
Which is the biggest eCommerce company in India?
Top 10 E-commerce companies in India
- Amazon Development Centre India Pvt. Ltd.
- Grofers India Pvt. Ltd.
- Flipkart Internet Pvt. Ltd. ( Walmart)
- Nykaa E-Retail Pvt. Ltd.
- Think & Learn Pvt. Ltd. ( Byjus)
- Zomato Ltd.
- Just Dial Ltd.
- MakeMyTrip Ltd.
Which e-commerce is best in India?
Top 7 e-commerce websites in India
- Amazon. Amazon is one of the biggest online stores with a global presence. …
- Flipkart. Flipkart is an Indian based e-commerce venture and over the years, it has garnered a lot of interest in the minds of Indian consumers. …
- Jabong. …
- Snapdeal. …
- Myntra. …
- Shopclues. …
How much is ecommerce growing?
Ecommerce hit $408.51 billion, up 21.9% from $335.15 billion in the first two quarters of 2020. Online penetration reached 19.0%, up from 18.2% for the same period last year. Offline sales increased 15.4% year over year.
Is e-commerce profitable in India?
[UPDATE] Despite Baby Steps Towards Profitability, India’s Ecommerce Giants Mired In Over INR 9.7K Cr Losses. The race between the biggest ecommerce platforms in India is not just for the biggest bite of the market, but also to become the first past the post for profitability.
How much has Ecommerce increased?
The second quarter 2021 e-commerce estimate increased 9.1 percent (±1.4%) from the second quarter of 2020 while total retail sales increased 28.2 percent (±0.7%) in the same period. E-commerce sales in the second quarter of 2021 accounted for 13.3 percent of total sales.
Who started e-commerce in India?
K Vaitheeswaran started India’s first e-commerce website Fabmart.com back in 1999. Before there was Flipkart, Myntra, and Snapdeal, there was Fabmart.
Which is the largest retail sector in India?
India is one of the fastest growing retail markets in the world, with 1.2 billion people.
Indian retail market.
|Indian Retail Group||Market Reach in 2011 and Notes|
|Pantaloon Retail||65 stores and 21 factory outlets in 35 cities, 2 million square feet space|
Is Flipkart or Amazon bigger in India?
As India’s largest e-commerce platform, Walmart-owned Flipkart has gone toe-to-toe with Amazon. According to Forrester Research, by October 2020, Flipkart had 31.9% market share — making it the largest online retailer in India. Meanwhile, Amazon India is slightly behind in second, with a 31.2% market share.