Global Digital Commerce Market Size By Component (Solution, Services), By Browsing Method (Desktop/laptop, Mobile and Tablets), By Payment Mode (Card Payments, Bank Transfers), By Geographic Scope And Forecast

Digital Commerce Market Size And Forecast

Digital Commerce Market size was valued at USD 4000 Billion in 2021 and is projected to reach USD 5500 Billion by 2030, growing at a CAGR of 15% from 2023 to 2030.

Digital commerce is the buying and selling of goods and services or the transfer of funds or data over an electronic network, essentially the Internet. Digital commerce is based on the Internet, where customers can access an online store, and browse and order products or services through their own devices. These business transactions operate as business-to-consumer (B2C), business-to-business (B2B), consumer-to-business or consumer-to-consumer. The terms e-commerce and e-business are often used interchangeably. The term e-tail is sometimes used in relation to the transactional processes that make up online retail shopping.

Global Digital Commerce Market Definition

The business-to-business segment dominated the global market in 2020 and this trend is expected to continue during the forecast period due to the increasing adoption of digital commerce software, which is expected to be integrated with existing software and inventory management solutions, to provide valuable insights for the growth of the digital commerce market. However, the business-to-consumer segment is expected to grow at the highest CAGR during the forecast period due to a surge in consumer adoption of digital and e-commerce solutions as it provides retail customers with a cost-effective and efficient way to shop.

In 2020, the car industry was the big winner in digital commerce, raking in the most revenue. And guess what? They're expected to stay on top for a while! Car companies are jumping on the digital bandwagon to get ahead, thanks to the intense competition between online and omnichannel sellers. But keep an eye on retail and consumer goods – they're predicted to grow the fastest! Why? They're getting smarter with digital sales and marketing. Plus, everyone's glued to their smartphones, which is only making the market bigger.

Global Digital Commerce Market Overview

The report focuses on the growth prospects, Digital Commerce market forecast, restraints, and analysis of the Digital Commerce market. The study provides Porter’s five forces analysis of the digital commerce industry to understand the impact of various factors such as the bargaining power of suppliers, the competitive intensity of competitors, the threat of new entrants, the threat of substitutes, and the bargaining power of buyers in the e-commerce market trends.

Factors such as the rise in internet and smartphone penetration, growth in the use of social media and social commerce, and the development of various payment modes are driving the digital commerce market. However, online fraud and cyber security issues, and a lack of consumer confidence in online shopping are restraining the market globally. In addition, the expansion of cross-border e-commerce and digital commerce automation are creating lucrative opportunities in the market.

Think about itthe reason we're seeing so much retail packaging for online stores these days is because more and more people can actually afford smartphones and internet! It's a big deal! Technological advances have made these gadgets way more accessible. Plus, with internet access booming, folks are shopping online like crazy. This has fueled the growth of e-commerce, creating a huge need for all that packaging. Basically, it's a perfect storm of factors driving the digital commerce marketpeople want to shop online, populations are growing, and everyone's got a phone and internet connection.

Global Digital Commerce MarketSegmentation Analysis

The Global Digital Commerce Market is Segmented on the basis of Component, Browsing Method, Payment Mode, and Geography.

Digital Commerce Market, By Component

• Solution
• Services

Based on Component, the market is segmented into Solution and Services.

Digital Commerce Market, By Browsing Method

• Desktop/laptop
• Mobile and Tablets

Based on Browsing Method, the market is segmented into Desktop/laptop, Mobile and Tablets.

Digital Commerce Market, By Payment Mode

• Card Payments
• Bank Transfers
• Digital Wallets
• Cash Payments
• Crypto Currency

Based on Payment Mode, the market is segmented into Card Payments, Bank Transfers, Digital Wallets, Cash Payments, Crypto Currency.

Digital Commerce Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global Digital Commerce Market is classified into North America, Europe, Asia Pacific, Rest of the world. Asia Pacific, which dominated the digital commerce market is expected to grow at the fastest rate. Increased internet usage and expanding infrastructure are expected to support regional market expansion. The Chinese digital commerce market is seeing a consumer revolution as international goods use cutting-edge marketing, research, and advertising techniques. Brand recognition is playing a bigger role in wooing Chinese customers. The market for upscale goods and services is rapidly growing in China.

Key Players

The “Global Digital Commerce Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Alibaba Group Holding Limited, Amazon.com, Inc., Best Buy, eBay, Inc., JD.com, Inc., Otto GmbH & Co., Rakuten, Inc., Shopify, Inc., The Home Depot, Walmart, Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Alibaba recently acquired ANT group.
• IQVIA has entered into a long-term partnership with Alibaba.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Digital Commerce Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Digital Commerce Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

We'll dig into the market using both the numbers and the more nuanced stuff, dividing it up based on things like money and even culture. We'll also give you the market size (in USD Billion!) for every slice and dice of the market. You'll see which area and market segment is likely to explode in growth and grab the biggest piece of the pie. We'll break down how the product or service is being used in different regions, pointing out what's helping or hurting the market in each spot. Plus, we'll give you the competitive scene – who's on top, what new stuff they're launching, who's teaming up, expanding, and buying whom in the last five years. We'll also offer detailed company profiles, complete with overviews, insights, product comparisons, and SWOT analyses for the big players. Expect a look at where the market is now and where it's heading, considering recent changes, growth chances, and the hurdles that both new and established regions are facing. We'll even use Porter's five forces to really tear into the market from all angles. You'll get a good sense of how things flow through the too. Finally, we’ll wrap it up by considering the market's likely path forward, exploring potential growth in the years ahead. And don't forgetyou get 6 months of analyst support after the sale!

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