Digital Commerce Market by Business segment and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022

Pages: 123

SKU: IRTNTR74378

Snapshot

The digital commerce market is projected to grow by USD 3.43 trillion with a CAGR of 15.93% during the forecast period 2021 to 2026.

This digital commerce market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers digital commerce market segmentations by business segment (business to business and business to consumer) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The digital commerce market report also offers information on several market vendors, including Alibaba Group Holding Ltd., Amazon.com Inc., Apple Inc., Best Buy Co. Inc., Costco Wholesale Corp, eBay Inc., Flipkart Internet Pvt Ltd, JD.com Inc., MercadoLibre Inc., NASPERS Ltd., Otto GmbH and Co. KG, Rakuten Group Inc., Shopee Ltd., Shopify Inc., The Home Depot Inc., Trendyol BV, Walmart Inc., Wayfair Inc., Zalando SE, and Meituan Dianping among others.

What will the Digital Commerce Market Size be During the Forecast Period?

Download Report Sample to Unlock the Digital Commerce Market Size for the Forecast Period and Other Important Statistics

Digital Commerce Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the digital commerce market. During the COVID-19 pandemic, the digital commerce market demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.

Key Digital Commerce Market Driver

Robust internet penetration is one of the key drivers supporting digital commerce market growth. With the increasing penetration of the Internet, the number of people using smartphones around the world is increasing. Therefore, customers' technological perception is expected to positively impact the growth of the market during the forecast period. Moreover, the implementation of 4G and 5G technologies for connectivity is expected to positively impact the growth of the market as they provide users with an uninterrupted and seamless experience.

Key Digital Commerce Market Trend

Advancements in technological digital commerce platforms are one of the key digital commerce market trends contributing to market growth. Blockchain technology enables e-commerce businesses to run their operations more effectively and inexpensively. The processing time for goods at customs checkpoints is shortened by the use of smart contracts in blockchain technology, which streamlines and expedites approvals and customs clearance processes. Additionally, vendors are utilizing artificial intelligence (AI) to maximize the performance of e-commerce platforms. AI can be utilized to develop chatbots that assist customers. Thus, the rapid advancement in technology is expected to boost the growth of the market during the forecast period.

Key Digital Commerce Market Challenge

Growing data privacy and security concerns are one of the factors hindering the digital commerce market growth. Payment service providers use cookies to collect personal data and information about their customers. Cookies allow service providers to collect data about a customer profile, behavior, and data mining. Any use of this data may compromise customer privacy. Data collected on smartphone devices may be processed and stored by providers and misused. As smartphones are used for real-time financial transactions, data theft can result in financial losses for consumers. For security reasons, consumers are reluctant to reveal their bank account details in online transactions. Therefore, rising concerns among consumers about data privacy may hinder the growth of the market during the forecast period.

This digital commerce market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global digital commerce market as a part of the global internet and direct marketing retail market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the digital commerce market during the forecast period.

Who are the Major Digital Commerce Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the digital commerce market encompasses successful business strategies deployed by the key vendors. The digital commerce market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

corporate.jd.com - The company offers digital commerce such as an online shopping experience offering a vast selection of products across every major category, including electronics, apparel and home furnishings, FMCG, fresh food, home appliances, and others and delivering them at an amazingly fast speed to provide a truly one-stop shopping experience to Chinese consumers.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.

Digital Commerce Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the digital commerce market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Digital Commerce Market?

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54% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the digital commerce market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Rapid infrastructure development and the increasing number of Internet users will facilitate the digital commerce market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the COVID-19 outbreak accelerated the expansion of digital commerce in APAC. Moreover, the average percentage of Internet users who shopped online increased from 53% in 2019 to 60% in 2021. Thus, the convenience of online shopping is expected to continue even after the pandemic. Such factors are expected to drive the growth of the regional market during the forecast period.

What are the Revenue-generating Business Segments in the Digital Commerce Market?

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The digital commerce market share growth in the business-to-business segment will be significant during the forecast period. The increase in Internet penetration and wireless broadband is one of the key drivers for the growth of the global B2B digital commerce segment as it drives social and mobile phenomena in the market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the digital commerce market size and actionable market insights on the post-COVID-19 impact on each segment.

Digital Commerce Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 15.93%
Market growth 2022-2026	$3.43 tn
Market structure	Fragmented
YoY growth (%)	15.1
Regional analysis	APAC, North America, Europe, South America, and the Middle East and Africa
Performing market contribution	APAC at 54%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Alibaba Group Holding Ltd., Amazon.com Inc., Apple Inc., Best Buy Co. Inc., Costco Wholesale Corp, eBay Inc., Flipkart Internet Pvt Ltd, JD.com Inc., MercadoLibre Inc., NASPERS Ltd., Otto GmbH and Co. KG, Rakuten Group Inc., Shopee Ltd., Shopify Inc., The Home Depot Inc., Trendyol BV, Walmart Inc., Wayfair Inc., Zalando SE, and Meituan Dianping
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Digital Commerce Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive digital commerce market growth during the next five years
Precise estimation of the digital commerce market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the digital commerce industry across APAC, North America, Europe, South America, and the Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of digital commerce market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Business Segment
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Business Segment

5.1 Market segments
- Exhibit 24: Chart on Market Segmentation by Business Segment - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Market Segmentation by Business Segment - Market share 2021-2026 (%)

5.2 Comparison by Market Segmentation by Business Segment
- Exhibit 26: Chart on Comparison by Market Segmentation by Business Segment
- Exhibit 27: Data Table on Comparison by Market Segmentation by Business Segment

5.3 Business to business - Market size and forecast 2021-2026
- Exhibit 28: Chart on Business to business - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Business to business - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Business to business - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Business to business - Year-over-year growth 2021-2026 (%)

5.4 Business to consumer - Market size and forecast 2021-2026
- Exhibit 32: Chart on Business to consumer - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Business to consumer - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Business to consumer - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Business to consumer - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Market Segmentation by Business Segment
- Exhibit 36: Market opportunity by Market Segmentation by Business Segment ($ billion)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026
- Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 Japan - Market size and forecast 2021-2026
- Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.11 UK - Market size and forecast 2021-2026
- Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.12 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption

9.4 Industry risks
- Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 87: Vendors covered

10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification

10.3 Alibaba Group Holding Ltd.
- Exhibit 89: Alibaba Group Holding Ltd. - Overview
- Exhibit 90: Alibaba Group Holding Ltd. - Business segments
- Exhibit 91: Alibaba Group Holding Ltd. - Key offerings
- Exhibit 92: Alibaba Group Holding Ltd. - Segment focus

10.4 Amazon.com Inc.
- Exhibit 93: Amazon.com Inc. - Overview
- Exhibit 94: Amazon.com Inc. - Business segments
- Exhibit 95: Amazon.com Inc. - Key news
- Exhibit 96: Amazon.com Inc. - Key offerings
- Exhibit 97: Amazon.com Inc. - Segment focus

10.5 Apple Inc.
- Exhibit 98: Apple Inc. - Overview
- Exhibit 99: Apple Inc. - Business segments
- Exhibit 100: Apple Inc. - Key news
- Exhibit 101: Apple Inc. - Key offerings
- Exhibit 102: Apple Inc. - Segment focus

10.6 Best Buy Co. Inc.
- Exhibit 103: Best Buy Co. Inc. - Overview
- Exhibit 104: Best Buy Co. Inc. - Business segments
- Exhibit 105: Best Buy Co. Inc. - Key offerings
- Exhibit 106: Best Buy Co. Inc. - Segment focus

10.7 eBay Inc.
- Exhibit 107: eBay Inc. - Overview
- Exhibit 108: eBay Inc. - Business segments
- Exhibit 109: eBay Inc. - Key news
- Exhibit 110: eBay Inc. - Key offerings
- Exhibit 111: eBay Inc. - Segment focus

10.8 Flipkart Internet Pvt Ltd
- Exhibit 112: Flipkart Internet Pvt Ltd - Overview
- Exhibit 113: Flipkart Internet Pvt Ltd - Product / Service
- Exhibit 114: Flipkart Internet Pvt Ltd - Key offerings

10.9 JD.com Inc.
- Exhibit 115: JD.com Inc. - Overview
- Exhibit 116: JD.com Inc. - Business segments
- Exhibit 117: JD.com Inc. - Key news
- Exhibit 118: JD.com Inc. - Key offerings
- Exhibit 119: JD.com Inc. - Segment focus

10.10 The Home Depot Inc.
- Exhibit 120: The Home Depot Inc. - Overview
- Exhibit 121: The Home Depot Inc. - Product / Service
- Exhibit 122: The Home Depot Inc. - Key offerings

10.11 Walmart Inc.
- Exhibit 123: Walmart Inc. - Overview
- Exhibit 124: Walmart Inc. - Business segments
- Exhibit 125: Walmart Inc. - Key offerings
- Exhibit 126: Walmart Inc. - Segment focus

10.12 Zalando SE
- Exhibit 127: Zalando SE - Overview
- Exhibit 128: Zalando SE - Product / Service
- Exhibit 129: Zalando SE - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 130: Inclusions checklist
- Exhibit 131: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 132: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 133: Research methodology
- Exhibit 134: Validation techniques employed for market sizing
- Exhibit 135: Information sources

11.5 List of abbreviations
- Exhibit 136: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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