B2C eCommerce Market Size Worth $5.53 Trillion in 2021 with the Highest Contribution from the Online Payment Type – GlobalData Plc
The B2C eCommerce market size was valued at $5.53 trillion in 2021, per the latest research report by GlobalData Plc. The report predicts the B2C eCommerce market to garner a CAGR of 9.7% from 2021 to 2026. The rising popularity of electronic payments and the emergence of Big Data and AI technologies are key factors driving the B2C eCommerce market growth. Furthermore, enhanced connectivity with an increase in internet penetration, coupled with technological integration for improving eCommerce solutions, will boost the B2C eCommerce market growth during the projected period.
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B2C eCommerce Market FAQs
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B2C eCommerce Market Segment Highlights
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B2C eCommerce Market Trend Analysis
The report covers the following
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B2C eCommerce Market Competitive Scenario
Competition in the B2C eCommerce industry is increasingly becoming a straight fight between the US and China, with a handful of tech behemoths dominating the market and amassing huge troves of user data. Various retailers are recognizing this shift in consumer shopping behavior and adopting mobile-first strategies. The availability of a myriad of mobile payments, including virtual wallets, contactless cards, and online payment services such as Apple Pay, Alipay, Paytm, and Samsung Pay, is further boosting growth in the mCommerce trend.
Top B2C eCommerce Market Players
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