An Incisive, In-depth Analysis on the E Tailing Market
This study offers a comprehensive, 360 degree analysis on the E Tailing market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global E Tailing market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
E-tailing Solutions Market - Key Research Findings
- Global e-tailing solutions market size in 2020 is estimated to be valued upto US$ 12 Bn
- E-tailing solutions market is expected to register a CAGR of 14% during the forecast period of 2020-2030
- Continuous advancements and developments of e-commerce platforms integrated with technologies like artificial intelligence, machine learning, and analytics makes to enable market to widen its scope
- East Asia and North America will continue to be among the prominent regional markets for e-tailing solution providers with increased consumer preference for convenient spending
- COVID-19 positively impacts e-tailing solutions market as demand for safe shopping rises
Consumer-centric Approach and Intuitive Interface Make E-tailing Solutions an Obvious Choice for Shopping
Internet proliferation has been backbone of e-tailing solutions market, enabling service providers to reach wider audience with each passing year. With unfaltering support from the e-commerce industry, brands have successfully catered to every consumer segment though online retail. Study suggests that 30% of consumer spending was recorded online, which makes it significant number that demands a deeper look.
Ability to tailor services and deliveries to the needs of the consumers have won the e-tailing solutions market an unprecedented response. For instance, ability to opt for premium services with yearly fees has given consumers slight autonomy over deliveries.
Today, role of e-tailing solution providers in revolutionizing retail space has given SMEs an international exposure, facilitating their growth and domestic GDPs. Credit for uplifting B2B and B2C logistics and services must be given to e-tailing solution providers who have helped brands to overcome geographical complexities in many parts of the world with the help of ecommerce.
Establishment of own last mile deliveries, especially tough terrains, has won this companies a wider, loyal consumer base. Needless to say, this has been enabled by improved connectivity, especially in the developing parts of the world. Their adaptability in the recent crisis has been commendable with extension of their essential services to cater to the dire need of protective gears and sanitation materials.
E-tailing companies are continuously focused on the development of customer-centric e-tailing platforms with the option of regional language instructions and regional language Chabot for end-to-end assistance. Development of intuitive e-tailing interfaces for quick searches and navigation have played a pivotal role in turning the game around for some vendors.
Big Data Delivers Insights to Change the Game to E-tailing Vendors
The growth of Big Data has led to a paradigm shift in the e-tailing space. Solution providers are using copious amount of data to answer complex questions about consumer behavior. The disruptive growth e-tailing and its high momentum are attributable to continuous and rigorous data analysis.
Smartphones with internet, that are constantly surfing, are gathering information about consumer choices, time of shopping, price consciousness, and location changes, feeding valuable information for formulating Big Data analytics. These analytics have been the guiding force behind the gargantuan success of e-tailing vendors that cleverly cater to consumer preferences by structuring the gathered data to offer best brands, selling best products, at the best prices, and in the most convincing ways.
AI Joins the Game with Remarkable Intelligent Insights
The role of AI in development of e-tailing market has been stupendous as it has been carefully observing the human interactions, desires, and needs and assessing it for creating a positive impact on the business. AI has contextualized and narrowed-down understandings to offer accurate result of desired products in the virtual world.
The AI software is designed to leverage machine learning to improve tagging and organizing to offer visual searches that are correctly labelled. The abilities of AI such as natural language processing, machine learning, and knowledge learning have been deployed to yield bigger business.
Amazon, key player in the e-tailing market, has been an early adopter of AI technology to business efficiencies. The company has deployed AI to understand the willingness of consumers to buy a specific product to enabling cashless transactions on deliveries. Using smart technologies to understand the context of consumer’s behaviour has been the prime focus on companies operating in the e-commerce industry. By the end of 2030, companies are projected 10-12% of their entire research and development expenditure on blockchain and AI abilities to improve market penetration.
Online Grocery Sellers Emerge as Biggest Clients to E-tailing Companies
As more and more consumers got internet-habituated in the past decade, it opened a growth avenue for the market with online grocery shopping. Neighborhood grocery stores in urban spaces have had a tough competition from e-tailing vendors. While the migration might about be 100%, it definitely has increasing Y-o-Y.
E-tailing companies are working on models to help local vendors quickly sell perishable items, resolving supply chain issues, and retaining a steady consumer base. Convenient option of choosing delivering timings and ability to reduce chores given the hectic nature of urban lifestyles has also promoted e-tailing vendors to tap into the market.
Farmers and other SMEs have been the biggest beneficiaries of growing reach of e-tailing services in urban landscapes. Ability to consume fresh farm produce and elimination of middlemen in most cases have been welcomed by sellers and consumers, giving the e-tailing market a shot in the arm. By the end of 2030, the food and beverages segment is projected to account for 30% of e-tail, largely driven by sale of groceries.
How COVID-19 Worked in Favor of E-tailing Solution Providers
Urgent lockdowns that led to panic buying, have reiterated the place of e-tailing in daily lives. In the coming months, as social distancing will remain imperative to safety, e-tailing solution providers will prove to an essential service for making a far-reaching impact on retailing.
COVID-19 has negatively impacted the sale of non-essential goods on e-tailing shopping portals. However, it equally highlighted the role these vendors are projected to play in safe shopping by ensuring less crowding in shopping areas and safe door-to-door delivery. Thus, in the coming months, COVID-19 will reinforce a positive perception of e-tailing vendors, boosting their role in the overall economy.
Grocery shopping has emerged as the key segment amidst the pandemic, as shoppers have relied on timely deliveries without exposing themselves to the outside world.
Region-wise Analysis: South Asia & Pacific to Grow at Fastest Rate as E-commerce becomes Ubiquitous
The incremental $ opportunity of North America is estimated at 7.4 Bn during the forecast period of 2020 to 2030. On the other hand, East Asia’s incremental $ opportunity is estimated at 10.7 Bn as the region boasts an expanding population base. Increasing investments in encouraging online shopping are also projected to favor East Asia’s sizeable progress.
South Asia & Pacific region market holds 1/3rd of the overall market as the population base remains uncontested. The relentless penetration of internet, improved connectivity, and growing pool of tech-savvy population have made a major contribution to the market.
E-tailing sector in this region is dominated by B2B transactions. However, with big entrants such as Amazon, the perception towards B2C has changed considerably. As countries in this part of the world largely operate on tourism, this segment has come to play a critical role.
Improved inventory management, supply chain, minimising wastages, and improved customer experience in emerging economies of China and India have also favoured market growth in recent years. E-tailing has flourished in these particular countries with direct and indirect generation of employment, improving purchasing power and standard of living.
Development of applications that are sensitive to cultural and language diversity especially in a country like India has drastically led to expansion of market in question.
The impact of e-tailing can be felt across verticals in these regions as it has prompted growth of allied industries and entrepreneurship.
East Asia and North America is the dominating region in the e-tailing market as the trend of online shopping has strengthened. Companies are continuously focused on the integration and development of Chatbot and voice-based search with e-tailing platforms to attract new customers. Companies are increasing the adoption of omnichannel networks to link physical and online stores with the e-commerce platform.
Customer demand for flexibility and choice is driving the speed of technology innovation in e-commerce. Merchants and customers are increasingly using digital currency to make contributing, transactions to their growth and influence.
Growth of blockchain technology for payments and cryptocurrency like bitcoin, the secure peer-to-peer payment ecosystem for ecommerce transactions would growth to a large extent, impacting the market growth.
Major E-tailing Solutions Vendors:
- Shopify Inc.
- Salesforce.com, Inc.
- Digital River, Inc.
- BigCommerce Pty. Ltd.
- Elastic Path Software Inc.
- Kentico Software
- Wix.com, Inc.
Global E-tailing Market: The Way Forward
In the coming months, every shopper will prioritize safety, making e-tailing solutions providers an important part of shopping experience. From luxury to grocery brands, e-tailing is poised to take the world by the storm with social distancing becoming the new normal.
Analysts at Future Market Insights predict that the global e-tailing market will touch a valuation of US$ 45,561.7 Bn by 2030. This growth will a result of strong logistics and incredible usage of AI that delivers exact consumer sentiment to understand demand patterns.
A recent market report published by Future Market Insights on the e-tailing solutions market includes global industry analysis for 2015-2020 and opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters, growth prospects of this market are obtained with maximum precision.
E-tailing Solutions Market: Segmentation
The global e-tailing solutions market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach to readers.
Chapter 01 – Executive Summary
The report begins with the executive summary of the e-tailing solutions market, which includes a summary of key findings and statistics of the market. It also includes demand- and supply-side trends pertaining to this market.
Chapter 02 – Market Overview
Readers can find the definition and a detailed taxonomy of the e-tailing solutions market in this chapter, which will help them to understand basic information about the market. Along with this, comprehensive information pertaining to storage area network and its properties are provided in this section. This section also highlights e-tailing solutions market report.
Chapter 03 – Key Market Trends
The e-tailing solutions market report provides key market trends that are expected to significantly impact market growth during the forecast period. Detailed industry trends are also provided in this section.
Chapter 04 – Pricing Analysis
This chapter explain the pricing analysis based on basis of subscription models of the e-tailing solutions market.
Chapter 05 – Business Models
This section explains the business models analysis based on basis of business-to-business e-tailing solutions, business-to-consumer e-tailing solutions, consumer-to-business e-tailing solutions, consumer-to-consumer e-tailing solutions of the e-tailing solutions market.
Chapter 06 – COVID-19 Pandemic Impact Analysis
This chapter explain the impact of COVID-19 pandemic crisis on e-tailing solutions market. Moreover in depth information about future and current impact of COVID-19 pandemic on e-tailing solutions market.
Chapter 07 – Market Structure Analysis
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the e-tailing solutions market, along with their market presence analysis by region and product portfolio.
Chapter 08 – Global E-tailing Solutions Market Demand Analysis 2015-2019 & Opportunity Assessment 2020-2030
This section explains the global market value analysis and forecast for the e-tailing solutions market between the forecast periods of 2020-2030. This chapter includes a detailed analysis of the historical e-tailing solutions market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2020), and an incremental $ opportunity for the forecast period (2020-2030).
Chapter 09 – Market Background
This chapter explains the key macroeconomic factors that are expected to influence growth of the e-tailing solutions market during the forecast period. Along with macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis of the e-tailing solutions market. Moreover, in-depth information about market dynamics and their impact analysis on the market have been provided in the successive section.
Chapter 10 – Use-Case Analysis
This chapter explains the use-cases analysis factors that are expected to influence growth of the e-tailing solutions market during the forecast period.
Chapter 11 – Global E-tailing Solutions Market Analysis 2015-2019 and Opportunity Assessment 2020-2030, by Solutions
Based on solutions, the e-tailing solutions market is segmented into e-commerce platform, e-commerce APIs, and services. In this chapter, readers can find information about developments and key trends in the e-tailing solutions market.
Chapter 12 – Global E-tailing Solutions Market Analysis 2015-2019 and Opportunity Assessment 2020-2030, by Vertical
Based on vertical, the e-tailing solutions market is segmented food & beverages, fashion & apparel, health & beauty, electronics, automotive, home & furniture, and others. In this chapter, readers can find information about developments and key trends in the e-tailing solutions market.
Chapter 13 – Global E-tailing Solutions Market Analysis 2015-2019 and Opportunity Assessment 2020-2030, by Region
This chapter explains how the e-tailing solutions market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia Pacific, and Middle East & Africa.
Chapter 14 – North America E-tailing Solutions Market Analysis 2015-2019 and Opportunity Assessment 2020-2030
This chapter includes a detailed analysis on the growth of the North America e-tailing solutions market, along with a country-wise assessment including the U.S. and Canada. Readers can also find regional trends and market growth based on solutions, vertical, end user, and countries in North America.
Chapter 15 – Latin America E-tailing Solutions Market Analysis 2015-2019 and Opportunity Assessment 2020-2030
This chapter provides the growth scenario of the e-tailing solutions market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.
Chapter 16 – Europe E-tailing Solutions Market Analysis 2015-2019 and Opportunity Assessment 2020-2030
Important growth prospects of the e-tailing solutions market in several countries such as Germany, the U.K., France, Spain, Italy, BENELUX, and Russia are included in this chapter.
Chapter 17 – East Asia E-tailing Solutions Market Analysis 2015-2019 and Opportunity Assessment 2020-2030
This chapter provides the growth scenario of the e-tailing solutions market in East Asia countries such as China, Japan, and South Korea.
Chapter 18 – South Asia & Pacific E-tailing Solutions Market Analysis 2015-2019 and Opportunity Assessment 2020-2030
This chapter highlights the growth prospects of the e-tailing solutions market in South Asia Pacific by focusing on India, ASEAN, and Australia & New Zealand. This section also helps readers understand key factors that are responsible for the growth of the e-tailing solutions market in Asia Pacific Excluding Japan.
Chapter 19 – Middle East & Africa E-tailing Solutions Market Analysis 2015-2019 and Opportunity Assessment 2020-2030
This chapter provides information about how the e-tailing solutions market is anticipated to grow in major countries in the Middle East & Africa region, such as GCC Countries, Turkey, and South Africa during the forecast period.
Chapter 20 – Key Countries Analysis
This chapter provides information about how the e-tailing solutions market is anticipated to grow in major countries such as U.S., Canada, Mexico, Brazil, Germany, France, Italy, Spain, U.K., BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, and South Africa during the forecast period.
Chapter 21 – Competition Analysis
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the e-tailing solutions market, along with detailed information about each company, which include the company overview, revenue shares, strategic overview, and recent developments. Some market players featured in the report are Oracle, SAP, Shopify Inc., Salesforce.com, Inc., Digital River, Inc., Wix.com, Inc., WooCommerce, BigCommerce Pty. Ltd., eComchain, Craigslist Magento (Adobe), Elastic Path Software Inc., Episerver, Unilog Content Solutionss Pvt. Ltd., Sitecore, Kooomo, SaaS Ltd, Skava, VTEX, and Kentico Software.
Chapter 22 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the e-tailing solutions market report.
Chapter 23 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, about the e-tailing solutions market.
Sources and Primary Research Splits (%)