Pune, Jan. 17, 2023 (GLOBE NEWSWIRE) -- According to the "Cross-Border B2C E-Commerce Market" research published by Maximize Market Research, the market is expected to grow from USD 795.45 Million in 2021 to USD 1348.63 Million in 2029, at a CAGR of 18.77 percent during the forecast period from 2022 to 2029. Internet penetration, online shopping, and growing consumer awareness about e-commerce are expected to drive market growth.
Cross-Border B2C E-Commerce Market Scope and Research Methodology
The research methodology used to forecast the Cross-Border B2C E-Commerce market began with capturing data on key vendor revenues. The market size of individual segments was determined through various secondary sources including industry associations, white papers, and journals. Market players’ offerings were also taken into consideration to determine market segmentation. The bottom-up approach was employed to arrive at the overall size of the market, by considering the Cross-Border B2C E-Commerce adoption rate and Cross-Border B2C E-Commerce pricing by key players, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as Vice Presidents (VPs), directors, and related executives in the market. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments.
The Cross-Border B2C E-Commerce Market competitive landscape provides details by a competitor like a company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites, and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The research uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making.
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Cross-Border B2C E-Commerce Market Overview
Business-to-consumer (B2C) refers to the method of a company selling its goods directly to a consumer, either through its own website or a third-party marketplace. Companies that buy in bulk from suppliers through B2B e-commerce transactions and then offer those products to customers directly have completed a B2B-to-B2C transaction. The adoption of modern e-commerce technology and the avalbalibity of alternatives for protected payments are expected to drive market growth. Increasing collaboration between B2C e-commerce and FinTech and online shopping drives the market demand in 2021. Cross-border e-growing commerce's popularity as a new foundation for cross-border trade is attracting the attention of professionals and businesses looking to increase their international trade which creates an opportunity.
Cross-Border B2C E-Commerce Market Dynamics
Increasing demand for international trade and police influence market growth. Cross-border e-commerce platforms give Small and Medium-Sized Businesses (SMEs) access to both a domestic and international consumer base, which provides opportunities for growth. Due to the popularity of social media applications, a wide range of marketing options are now accessible, helping in the growth of the international B2C e-commerce industry. The growth is fueled by the increasing importance of internet marketing tools like Google and Facebook advertisements. Increasing Payment fraud, consumer data, and increasing production costs hamper market growth.
Lower pricing and more product variety are the primary drivers of the online shopping trend from the consumer's perspective. Furthermore, as E-Commerce companies and distribution providers improve their logistical capabilities, customers will be able to collect their international online orders more quickly, removing some of the primary barriers to cross-border buying. Globalization has increased the amount and diversity of cross-border transactions in services and products due to the rapid and extensive diffusion of technology. This has impacted the industrial dynamics of the Global Cross-Border B2C E-Commerce Market.
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Cross-Border B2C E-Commerce Market Regional Insights
Asia Pacific is expected to dominate the market during the forecast period. Thanks to the growing internet and the adoption of smartphones. emerging countries like Japan, India, South Korea, and China held the significant regional market share in 2021. Internet penetration and changing shopping behavior and growing consumer awareness of e-commerce are some of the driving factors that impact market growth.
North America held the second-largest market share in 2021. The growing competition in market players and emerging new market players increasing the market demand also, the high price level in north America contributes to market growth and allows customers to shop at affordable rates, which will highly impact the Cross-Border B2C E-Commerce Market.
| Market Size in 2021 | USD 795.45 Mn. |
| Market Size in 2029 | USD 3148.63Mn. |
| CAGR | 18.77% (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 213 |
| No. of Tables | 110 |
| No. of Charts and Figures | 112 |
| Segement Covered | Offering, Payment Method, Category |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Cross-Border B2C E-Commerce MarketKey Competitors:
- Amazon.com Inc.
- Etsy Inc
- eBay Inc
- Alibaba Group
- Wish Inc
- Vee Pee
- Cnova
- Asos Plc
- Fruugo
- JD.com (Jing Dong)
- Apple Inc
- DHL Group
- Box Me
- Pay pal
- Asia Commerce
- Sing Post
- Shipping Cart
- Anchanto
- SIA Joom (Latvia)
- Zalando
Key questions answered in the Cross-Border B2C E-Commerce Market are:
- What are the technological innovations in Cross-Border B2C E-Commerce Market?
- What are the factors driving the growth of the Cross-Border B2C E-Commerce Market?
- Which technology insight dominated the Cross-Border B2C E-Commerce Market in 2021?
- How has COVID-19 affected the growth of the Cross-Border B2C E-Commerce Market?
- What is the growth rate of the Cross-Border B2C E-Commerce Market during the forecast period?
- What are the trends of the Asia-Pacific region in the Cross-Border B2C E-Commerce Market?
- Who are the market leaders in Cross-Border B2C E-Commerce Market in the North America region?
- Which deployment mode led the Cross-Border B2C E-Commerce Market in 2021?
- Who are the key players in the Cross-Border B2C E-Commerce Market?
- What are the factors restraining the growth of the Cross-Border B2C E-Commerce Market?
- Which region held the largest market share in Cross-Border B2C E-Commerce Market?
- What is the growth rate of the North America Cross-Border B2C E-Commerce Market
- What is key feature of Cross-Border B2C E-Commerce?
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Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – Offering, Payment Method, Category and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is research firm, has also published the following reports:
Social Commerce Market: the Social Commerce Market size was valued at US$ 325.28 Bn. in 2021 and the total revenue is expected to grow at CAGR 28.93% through 2021 to 2029, the Social Commerce Market is reaching nearly US$ 2483.71 Bn.
Business-to-Business E-commerce Market: Business-to-Business E-commerce Market size was valued at US$ 6.64 Tn. in 2021 and the total revenue is expected to grow at 18.6% through 2022 to 2029, reaching nearly US$ 25.99 Tn.
Commerce Cloud Market: The Commerce Cloud Market is expected to reach US $ 37.93 Bn by 2029, at a CAGR of 22.70% during the forecast period.
Food E-Commerce Market: The Food E-Commerce Market was valued at US$ 197.2 Mn. in 2021 and it is expected to reach US$ 865.03 Mn. by 2029, at a CAGR of 20.3% throughout the forecast period.
India E-commerce Market: India E-commerce Market size was valued at US$ 39.33 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 31.13% through 2021 to 2029, reaching nearly US$ 343.90 Bn.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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