E-tailing Solutions Market is expected to register a CAGR of 14% during the forecast period of 2020-2030: Future Market Insights
PUNE, INDIA--(Korea Newswire) March 08, 2022 -- As per the findings Future Market Insight, the global e-tailing solutions market is estimated to reach US$ 5 Bn in 2020 and is anticipated to exhibit a CAGR of 14.2% during the forecast period of 2020 to 2030. E-tailing, which is driven by e-commerce platforms, will be the backbone of the market, supporting its growth through the pandemic.
The adoption of the e-commerce platform in enterprises provides benefits for business to customer (B2C) and business to business (B2B) models, resulting in high conversion rate, constant growth, market stability, and long-term partnerships. E-tailing business models are expected to be in the spotlight as businesses grapple to come to terms with the ongoing pandemic.
Key Takeaways of E-tailing Market Study
· E-tailing solutions market to see exponential growth in South Asia & Pacific with growing horizontal players
· Machine learning and artificial intelligence algorithms for improved predictive analysis of consumer behavior to enhance profitability of e-tailing vendors
· Food & beverages segment anticipated to retain its leading share of 31% by the end of 2030
· Improved transport and logistics with IoT, blockchain technology, and smart contracts to pave way for smooth progress for e-tailing across the globe
Between 2018-2019, the e-tailing solutions market grew by almost 17% globally. Despite circumstances being in favor of this market, it is expected to experience a drop of 200-250 BPS in 2020 due to strict lockdowns and travel bans. According to FMI, the e-tailing solutions market will recover in Q3 2020 as economy limps back to a new normal. Analysts predict a 20%-30% increase in market revenue by 2021 as online sales gain unprecedented momentum with continued social distancing.
IoT, Blockchain, and Big Data to Define Success for E-Tailing
E-tailing firms around the world are adopting new technologies such as big data analytics, Internet of Things (IoT), blockchain technology, and fleet management software management to achieve operational efficiency. Offering real-time communication to the end-consumer has been the crucial component of establishing a steady clientele. Customer’s journey from browsing for products to final delivery uses various smart technologies that depend on sophisticated analytics for a rich experience.
Major E-tailing Solutions Vendors:
Shopify Inc., Salesforce.com, Inc., Oracle, Digital River, Inc., WooCommerce, BigCommerce Pty. Ltd., Adobe, eComchain, Elastic Path Software Inc., VTEX, Sitecore, Skava, Kentico Software, SAP, Wix.com, Inc.
More Valuable Insights on E-tailing Market
To understand opportunities in the e-tailing market, the market is segmented on the basis of solution (e-commerce platform, e-commerce API and services (professional services (design, integration & implementation, consulting, and support & maintenance, and managed services), vertical (food & beverages, fashion & apparel, health & beauty, electronics, automotive, home & furniture, and others), and regions and region (North America, Latin America, Europe, East Asia, South Asia Pacific, and the Middle East & Africa).
Global E-tailing Solutions Market Report: https://www.futuremarketinsights.com/reports/globa
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