India E-commerce Market size was valued at US$ 51.57 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 31.13% through 2023 to 2029, reaching nearly US$ 343.82 Bn.
Emanating Light: India E-commerce Market Overview
Electronic commerce, or “e-commerce,” is a kind of business strategy that enables individuals and organizations to buy and sell goods and services online. Computers, cellphones, tablets, and other smart device kinds are used for it. The top 10 e-commerce websites in India include Flipkart, Amazon India, Snapdeal, Myntra, IndiaMart, Book My Show, Nykaa, Alibaba, First Cry, and 1mg. The several operation kinds that comprise India’s e-commerce include e-travel, e-retail, online financial services, online consumer services, and digital content. Among the end customers of India’s e-commerce include BFSI, cloud service providers, social media platforms, content owners, logistics providers, IoT devices, advertisers, and search engines.
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India E-commerce Market Dynamics
India is rapidly becoming a society that is empowered by technology. Several reasons are propelling the market, such as the adoption of e-governance, the widespread use of smartphones, enhanced Internet connectivity, digital payment methods, favorable demographics, and legislative changes. Furthermore, growing consumer services, innovative financial products, improved data affordability, and travel all point to an expansion in the e-commerce business, which includes e-Retail, travel, and consumer services.
India E-commerce Market Market Segment Analysis:
BFSI, Cloud service providers, Social media platforms, Content owners, Logistics providers, IoT devices, Advertisers, Search engines, Internet service providers, and MSMEs are the market segments based on the End-Users. In India, the number of individuals accessing the internet is rapidly increasing. Nowadays, almost all businesses, homes, and individuals have access to the internet. Several telecom giants from the public and commercial sectors have surfaced in India, each providing specialised internet services. Internet service providers in India have a long history of offering their clients high-quality internet services that fit their demands and budgets.
Based on the Operation, the market is categorized into E-travel, E-Retail, Online financial services, Online consumer services, and Digital content. India’s e-retail sales are predicted to increase by 32% over the course of the projection year, with Paytm Mall, Amazon India, and Flipkart leading the way. Clothes comes in second with a share of 29%, while electronics with a stake of 48% is the most popular online buying category.
by End-Users
BFSI
Cloud service providers
Social media platforms
Content owners
Logistics providers
IoT devices
Advertisers Search engines
Internet service providers
MSMEs
by Operation
E-travel
E-Retail
Online financial services
Online consumer services
Digital content
by Category
Domestic
cross-border
B2B and B2C
Inventory based
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Key Players
1. eBay 2. Amazon 3. Phone pay 4. Google 5. Flipkart 6. Snapdeal 7. Jabong 8. Myntra 9. Paytm 10. MakeMy Trip 11. Infibeam 12. Nykaa 13. Limeroad 14. Shopclues 15. Naaptol Online Shopping Pvt. Ltd 16. Yepme -Vas Data Services Pvt Ltd 17. Tata Cliq 18. Cleartrip.com
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- Bestow upon your quest the treasure map, leading to Market Share, Size, and Revenue Forecast|2023-2029.
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