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How has eCommerce altered the traditional market in the world?

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The eCommerce market has changed the way we use the internet and also the way of shopping habits. It is customized, and personal and provides the opportunity for you to maintain your privacy also.

The trend is not just limited to the youth but also being easily accessible and enjoyable by the old people. As per the reports on consumer spending habits in digital expenditures, Asia holds the maximum market share of 10.7%, the US with 6.6%, and Europe with 5.8%.

The consumer behavior in digital expenditures in the eCommerce market generated US$560.747m revenue with a market share of 62.5% in the US and US$ 740,421.8m in china with a market share of 73.6%. The two countries compete for world dominance in the technological segments.

In 2019, the total digital revenues generated by the US, China, and Germany are US$897.8 bn, US$1,005.7 bn, and US$122.8bn.

As per the eCommerce penetration report by Statista, in the USA, the penetration of the US is above average, in China even though Alibaba is a success story but the eCommerce penetration is below average and in Germany, the penetration is near the saturation point.

The benefits of the eCommerce market are helping to make the life of busy and hectic schedule people to be simpler. No need to think about standing in the queue, or returning to the store once you don’t have the desired product. The situation is also helping you down to get the groceries at your doorstep by just checking out the payments.

eCommerce in the USA

The online shops in the USA:-

  1. Etsy is in the Fashion industry.
  2. eBay and Amazon in the Electronics & Media.
  3. Walmart in the Food and Personal Care or Furniture & Appliances, Toys, Hobby & DIY.

The delivery providers in the country are DHL, FedEx, UPS, and LSO.

The expected revenue generated in the eCommerce market in 2023 are:-

eCommerce revenue (million) in the USA

The expected revenue generated in the USA in 2023:-

eCommerce in  China

The online shops in Mainland China:-

  1. Tmall in Fashion.
  2. Taobao is the electronics & media.
  3. JD in Food & Personal care.
  4. Taobao and Tmall in Furniture &Appliances.
  5. Taobao, Tmall, and JD in Toys, Hobby, and DIY.

The delivery providers for this country are FedEx, SF Express, ZJS Express, and EMS.

The online shops in HongKong (SAR):-

  1. Zalora, Zara in the Fasion.
  2. Mongkok Computer Centre in the electronics & Media.
  3. Ztore and Sasa in Food & Personal Care.
  4. IKEA and MyConcept in Furniture & Appliances.
  5. Toys R Us and Toyzone in Toys, Hobby &DIY.

The delivery providers in the country are Ztore, ParknShop, Wellcome, and Hong Kong Post.

The expected revenue generated in the eCommerce market in 2023 are:-

eCommerce market revenue (million) in 2023

The expected eCommerce revenue generated in 2023 are:-

eCommerce in Germany

The online shops in Germany:-

  1. Zalando and Otto in the Fashion industry.
  2. Media markt in electronics & media.
  3. Rossmann in Food & Personal care.
  4. de and XXXLutz in Furniture & Appliances.
  5. Tausendkind in Toys, Hobby & DIY.

The delivery providers are DHL, UPS, Deutsche Post, and Hermes.

The expected revenue generated in the eCommerce market in 2023 are:-

eCommerce market revenue (million) in 2023

The expected revenue generated in eCommerce market in 2023:-

Germany is dominated by a 16% market share by amazon.de. The next eCommerce top stores are Otto.de, Zalando.de, mediamarkt.de, and notebooksbilliger.de.

The payment modes available to US and German customers are E-wallets, credit cards, direct debits, or bank transfers.

The payment methods available in China are E-wallets, credit cards, direct debits, bank transfers, and cash.

Source:- Statista

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