Data Bridge Market Research conducted a recent market intelligence study, thoroughly analysing the Asia-Pacific E-Commerce Market. The newly published report employs an appealing layout that presents essential data using visually engaging tables, graphs, charts, and figures.
The Asia-Pacific E-Commerce market research report embodies a structured, comprehensive study delving into various facets of marketing. It rigorously defines the market by examining the drivers propelling its growth and the restraints impeding its progress. Offering current and precise insights into consumer demands, preferences, and product inclinations, the report ensures confidentiality of respondents and refrains from any promotional influence in its market analysis.
This report on Asia-Pacific E-Commerce spans diverse market elements, encompassing estimations, forecasts, entry strategies, opportunity assessments, competitive and product landscapes, market positioning, and viability studies. It keenly identifies and analyzes emerging product trends, pivotal drivers, challenges, and opportunities. Delving deeply into the market's potential amidst the current landscape and future prospects, it considers various industry aspects. Moreover, the Asia-Pacific E-Commerce market report furnishes essential CAGR fluctuations during the forecast period, aiding in investment and cost estimations.
Data Bridge Market Research analyses that the Asia-Pacific e-commerce market was valued at USD 2,980.11 billion in 2022 and is expected to reach USD 6,146.36 billion by 2030, registering a CAGR of 19.20% during the forecast period of 2023-2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
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E-commerce is the purchase and sale of goods or services over the internet and the transfer of money and data to complete the transaction. It is also referred to as e-commerce or internet commerce. E-commerce is frequently used to refer to the online sale of physical products, but it can also refer to any commercial transaction that is facilitated by the internet. Asia-Pacific is being highly penetrated by the adoption of the usage of mobile e-wallets and rising preferences for online shopping.
Key Growth Drivers:
- Rapid adoption of digital technologies and increasing internet penetration
With the large and growing population, countries in the Asia-Pacific region are witnessing a significant rise in the number of Internet users, creating a vast customer base for online retailers. Additionally, the increasing use of smartphone and the availability of affordable Internet services have further facilitated the accessibility and convenience of online shopping, driving the demand for e-commerce platforms. Moreover, the Asia-Pacific region is witnessing a rising middle-class population with higher disposable incomes, leading to an increased propensity to spend on online purchases. These factors, combined with the growing popularity of social media platforms and the adoption of mobile payment systems, are propelling the Asia-Pacific e-commerce market to new heights, are all critical factors driving the market.
- Growing popularity of the concept of smart homes and incorporating advanced technologies
The Asia-Pacific region has experienced a significant surge in mobile device usage, with a large portion of consumers accessing the internet and engaging in online shopping through their smartphones. This widespread adoption of mobile commerce has driven the growth of the e-commerce market. Furthermore, advances in technology and increased e-commerce operations in the manufacturing of electronic goods in the smart home appliance industry have increased demand for white goods. This, in turn, is expected to boost market growth.
The report outlines the involvement of key players, including:
Jingdong JD (A Subsidiary of JD.com, Inc.) (China), Alibaba Group Holding Limited (China), Rakuten Group, Inc. (Japan), Supermarket Grocery Supplies Pvt Ltd (India), Grofers India Pvt. Ltd. (India), Shopify Inc. (Canada), Booking Holdings (U.S.), Amazon, Inc. (U.S.), eBay Inc. (U.S.), Walmart Inc. (U.S.), JB Hi-Fi (Australia), Woolworths Group Limited (Australia), Home Depot Product Authority, LLC (U.S.), OTTO GROUP (Germany), Brainbees Solutions Pvt Ltd (Firstcry.com) (India), ASOS plc (U.K.), Groupon, Inc. (U.S.), Costco Wholesale Corporation (U.S.), Vipshop Holdings Limited (China), Snapdeal Private Limited (India), and Carousel (Singapore) among others
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Key Market Segmentation
Product Type (Business to Consumer (B2C), Business to Business (B2B), Customer to Business (C2B) and Customer to Customer (C2C)), Platform (Open-Source, Software as a Service (SaaS) and Headless Commerce), Hosting Environment (Cloud and On-Premise), Category (Goods and Services), Distribution Channel (Pure Clicks and Brick -and Click or Click-To-Brick), Purchased Device (Mobile Devices, Computer and Tablet), Payment Solutions (Third-Party Payments, Credit Cards, Debit Cards, Bank Transfers, Cash Vouchers, Cash on Delivery and Others)
The Asia-Pacific E-Commerce market report includes the following countries in different regions:
The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here's an overview of the regions and the countries they include:
The countries covered in this market report are China, South Korea, Japan, India, Australia, Indonesia, Thailand, Malaysia, Singapore, Philippines, and rest of Asia-Pacific.
China is dominating the e-commerce sector in Asia-Pacific due to the large population in the region, which has influenced the lifestyle and pattern of the consumer and the growing number of e-commerce platforms such as apps and websites. South Korea holds the second position owing to rising technological advancement with the wide adoption of smartphones in the region driving the e-commerce platform at a significant rate. Japan holds the third position owing to LINE, a messaging app with its payment system being the dominant social media platform in Japan along with the strong local presence of e-commerce websites.
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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