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India E-commerce Market Opportunity and Forecast 2022-2027

  • Posted by Prachithi Sharma October 26, 2022 Filed in Technology #india e-commerce market forecast  #india e-commerce market analysis  4 views
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    Bharat Book Bureau Provides the Trending Market Research Report on “E-commerce market in India 2022-2027” under Services Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.

    India E-commerce Market, Forecast 2022-2027

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    The e-commerce market in India was valued at INR 6,210.96 Bn in 2021. It is anticipated to reach a value of INR 26,459.18 Bn by the end of 2027, expanding at a compound annual growth rate (CAGR) of ~26.71% during the 2022 – 2027 period. The market has grown exponentially over the past five years due to the surge in Internet and smartphone users, improved policy reforms, and increase in disposable income. Mobile wallets, Internet banking, and debit/credit cards have become popular among customers for making transactions on e-commerce platforms.

    Market Segment insights:
    Based on product categories, the market can be segmented into online travel, retail, financial services, matrimony and classified, and other services. Consumers’ buying patterns have changed significantly, especially regarding categories, such as health and pharma, groceries, and food deliveries. In 2021, the online travel segment in India was impacted severely by the COVID-19 pandemic. By 2027, the online retail sector is expected to dominate the e-commerce market in India because of a growing consumer base and increasing FDIs.

    COVID-19 impact assessment:
    With more consumers spending time indoors and working from home, the demand for goods such as air-conditioners, refrigerators, laptops, desktop computers, food deliveries, and all other necessities had reached an all-time high. Because of the pandemic, consumers’ shopping patterns have changed. The pandemic necessitated the use of new technology tools and zero-contact arrangement to cater to the unprecedented demand. As a result, online retail market expanded significantly along with online food and grocery delivery market.

    Competitive insights:
    E-commerce companies have brought in various technologies, such as voice recognition, virtual reality (VR), augmented reality (AR), fintech, artificial intelligence (AI), and machine learning (ML) to attract customers and compete with other players. Organizations such as Amazon, Flipkart, Goibibo, Ola, Zomato, and Ixigo have employed voice assistants for assisting customers with their queries, thereby improving customer satisfaction. They also use fintech-based payment platforms such as PayPal, Apple Pay, Google Pay, and Amazon Pay to offer secure and efficient online payment methods to consumers.

    Browse our full report with Table of Content :
    https://www.bharatbook.com/report/1377314/e-commerce-market-in-india-twentytwo

    About Bharat Book Bureau:
    Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,00,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors.

    Contact us at:
    Bharat Book Bureau
    Tel: +91 22 27810772 / 27810773
    Email: poonam@bharatbook.com
    Website: www.bharatbook.com

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