Goigi

Retail Ecommerce

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Industry Overview:

The size of the worldwide retail e-commerce market was estimated at $5.38 trillion in 2022, and it is projected to expand at a CAGR of 10.5% between the forecast periods of 2023 to 2030

Retail industry growth
Key Highlights:

Online customers most frequently give up on their carts due to unexpected expenses like shipping, taxes, and fees (48%).

It is anticipated that retail mcommerce will represent 43.4% of retail ecommerce sales in 2023, up from 41.8% in 2022.

The Middle East and Africa region is predicted to see $116.8 billion in B2C ecommerce sales in 2023, and by 2027, that amount is estimated to have increased to $168.8 billion

Social media is where millennials shop the most; in the US, 55% of those between the ages of 18 and 24 had made a purchase via social media.

The desire for individualized experiences is expected to increase, as indicated by the 59% of consumers who say they are more excited than uneasy about merchants using their preferences and past purchases to tailor their shopping experiences.

As of 2022, Alibaba Group, based in China, had an anticipated sales value of $780 billion (USD), making it the largest e-commerce retailer globally.

dropshipping industry business models
Risks in the Industry:

Transaction Risks

The buyer may dispute that he placed the purchase, the seller may dispute that the items were delivered to the wrong address, the expected delivery does not happen, or the customer may dispute that he ever placed the order

Therefore, in e-business, there is a chance that a default in order taking/giving, delivery, and payment will affect the seller or the customer.

Data Privacy and Security Risks

A significant amount of consumer data, including financial and personal data, is frequently stored by e-commerce companies and these databases could be the target of cybercriminals, which could result in data breaches and possible identity theft

Website Downtime Risks

Website downtime might have a number of reasons; first there could be a technical issue with the hosting service, or the server being used might not be able to handle spikes in traffic; alternatively, software that is connected to your website—like a plug-in—might malfunction and bring the entire thing down

E-Skimming

In order to steal sensitive data including credit card numbers and personal information of customers—a bad actor could insert malicious software into the checkout page of an online store. This kind of attack can cause a company's reputational harm

Retail ecommerce industry market size
Mitigation Strategies in the Industry:

Multichannel Sales Strategy

To satisfy the demands of today's consumers, the entire client purchasing procedure must be simple; company can need a multichannel sales strategy that includes social commerce and marketplaces in order to enable this simple experience

Inventory and order management automation

A linked automation system can enable trigger events for reordering and guarantees that your company always has an accurate, real-time picture of orders compared to available stock.

This advanced automation makes sure that your online store doesn't lose out on any sales. In order to eliminate still another manual step from the inventory management process, automated solutions can even initiate these orders

Encryption of Data

Encryption plays a vital role in data protection. It stops unwanted access by converting your private information into a code; since no one can read encrypted data without the decryption key, it is safe even in the event of a data breach.

Staff Training Programs

A staff training program should include recognizing system-wide hazards in addition to potential risks related to each employee's role & employees will be more conscious of how their individual activities can affect the organization as a whole

1. Industry Overview

  • 1.1. Industry Dynamics
  • 1.2. Retail e-commerce sales worldwide (in bn)
  • 1.3. Top countries ranked by retail e-commerce sales,2021

2. Market Insights

  • 2.1. Global Market Size(In Trillion)
  • 2.2. Global retail e commerce revenue by regions(in bn),2022
  • 2.3. E commerce Market share by region 2022
  • 2.4. Key Highlights

3. Industry Business Models(1/2)

  • 3.1. White Labeling
  • 3.2. Dropshipping
  • 3.3. Wholesaling
  • 3.4. Private Labeling
  • 3.5. Subscription -based

4. Industry Business Models(2/2)

  • 4.1. Benefits
  • 4.2. Challenges
  • 4.3. Pricing Structure
  • 4.4. U.S retail ecommerce sales, by company,2022

5. Retail Ecommerce Industry- Opportunities & Challenges

  • 5.1. Opportunities
  • 5.2. Top online shopping categories(in billions)
  • 5.3. Challenges
  • 5.4. E-commerce market share by type(%),2022

6. Retail Ecommerce Industry- Trends

  • 6.1. Social Media Platforms used by B2B and B2C marketers
  • 6.2. Technology Trends
  • 6.3. Emerging Trends in online retail

7. Retail Ecommerce Industry- Risk & Mitigation Strategies

  • 7.1. Risks in the Industry
  • 7.2. Mitigation Strategies
  • 7.3. Most common type of Fraud attacks worldwide in the Industry, 2022

8. Retail Ecommerce Industry- Demand Drivers

  • 8.1. Demand Drivers
  • 8.2. Top drivers of D2C online shopping
  • 8.3. Restraints

9. Retail Ecommerce Industry- Price Analysis

  • 9.1. Pricing Strategies in the Industry
  • 9.2. Pricing Challenges for the Industry
  • 9.3. Factors affecting Pricing in the Industry
  • 9.4. Leading online sources where consumers search products worldwide,2022
  • 9.1. Competitors are offering features like BOPIS (Buy Online, Pick Up In Store) & Pay-in-Installments
  • 9.2. Payment

10. Retail Ecommerce Industry- Cost Analysis

  • 10.1. Cost of Sale Breakdown
  • 10.2. Average ecommerce spending per online shopper ,2023 by category(in $)
  • 10.3. Retail Costs vs Ecommerce costs

11. Retail Ecommerce Industry- Recent Updates

  • 11.1. Recent Developments in the Industry
  • 11.2. Most visited online retail websites worldwide 2022,by monthly traffic(in Mn visits)

12. Retail Ecommerce Industry- Competitive Benchmarking

  • 12.1. Company Name
  • 12.2. Products & Services
  • 12.3. Active Users
  • 12.4. Revenue(In Billions)
  • 12.5. Marketplaces

13. Retail Ecommerce Industry- Company Analysis (1/2)

  • 13.1. Key Highlights
  • 13.2. Best Selling Categories
  • 13.3. Four Pillars of Growth Strategy
  • 13.4. Amazon Revenue Breakdown by segments(in billion)
  • 13.5. Recent Developments

14. Retail Ecommerce Industry- Company Analysis (1/2)

  • 14.1. Key Highlights
  • 14.2. Strategies for E commerce Success
  • 14.3. Factors Driving Growth
  • 14.4. Net Sales in the U.S by merchandise category,2023
  • 14.5. Key Acquisitions

15. Retail Ecommerce Industry- Furniture and Homeware Segment(1/2)

  • 15.1. Worldwide Ecommerce Revenue Furniture Industry,2023(in billion)
  • 15.2. Revenue of Furniture Industry in US(in billions)
  • 15.3. Trends in Furniture Ecommerce
  • 15.4. Furniture Ecommerce Revenue Worldwide,2023 by country(in billion)

16. Retail Ecommerce Industry- Furniture and Homeware Segment(2/2)

  • 16.1. Furniture & Homeware Sales as % of total retail ecommerce sales in U.S
  • 16.2. Revenue of Segments of furniture market, 2022
  • 16.3. Category Wise Insights of U.S Home Furnishing Market
  • 16.4. Key Market Players in U.S

17. Retail Ecommerce Industry- Porter Five Forces Analysis

18. Retail Ecommerce Industry- SWOT Analysis

19. Retail Ecommerce Industry- Company Segmentation

  • 19.1. Tier 1
  • 19.2. Tier 2
  • 19.3. Tier 3

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