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We expect the global e-commerce market to exhibit a CAGR of around 16% during 2021-2026.
Sudden outbreak of the COVID-19 pandemic has led to a significant growth in the e-commerce market due to the rapid shift from brick-and-mortar purchase towards online retail platforms to mitigate the risk of coronavirus infection upon human interaction.
The rising internet penetration, along with the increasing usage of electronic devices, such as smartphones, laptops and tablets to access e-commerce portals, is currently driving the global e-commerce market.
Based on the product type, the global e-commerce market has been bifurcated into home appliances, apparel, clothing and footwear, books, cosmetics, groceries, and others. Amongst these, home appliances hold the majority of the total market share.
Based on the transaction, the global e-commerce market can be divided into business-to-consumer, consumer-to-consumer, business-to-business, and others. Currently, business-to-business transaction type exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global e-commerce market include Alibaba Group Holding Limited, Amazon.com Inc., Apple Inc., B2W Companhia Digital (Lojas Americanas S/A), Ebay Inc., Groupon Inc., Rakuten, Walmart Inc., Zalando SE, etc.
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