Pune, 16, Dec, 2022: MMR, has published a report on Cross-Border B2C E-Commerce Market. As per the “Cross-Border B2C E-Commerce Market report” the total market for Cross-Border B2C E-Commerce was 795.45 Mn. in 2021 and is expected to reach 3148.63 Mn. by 2029.
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Cross-Border B2C E-Commerce Market Scope and Research Methodology
The study analyses cross-border B2C e-commerce market segments, participant data, and geographic locations. The Cross-Border B2C E-Commerce Market is expected to grow significantly over the forecast period, and the MMR study covers key trends and technologies that will be crucial to this development. It emphasises the factors that are expected to have an impact on the market’s growth from 2022 to 2029. The market report offers a complete examination of both the situation as it is right now and the significant advancements that are happening quickly in every industry. Facts, statistics, graphics, and presentations are used to show the main data analysis for the historical period from 2017 through 2021. The report analyse the market factors, constraints, opportunities, and challenges for cross-border business-to-consumer electronic commerce. The investment suggestions in this MMR study are based on a careful analysis of the current state of competition in the market for cross-border B2C e-commerce. The leading market players are analysed with regard to their revenue, financial condition, portfolio, technological adoption, mergers and acquisitions, joint ventures, and strategic alliances, and these factors are ranked according to region.
Data on the key vendor revenues were first collected as part of the research process used to estimate and forecast the cross-border B2C e-commerce market. Various secondary sources, including industry associations, white papers, and journals, were used to estimate the market size of each segment. The market segmentation was done while also taking into account vendor offerings. By taking into account the cross-border B2C E-commerce adoption rate and pricing by key players, the overall market size was determined using a bottom-up approach. These findings were then confirmed through primary research by conducting in-depth interviews with influential industry figures, including vice presidents (VPs), directors, and related executives in the market. To finish the whole market engineering process and determine the precise statistics for all segments and sub segments, data triangulation and market breakdown processes were used.
SWOT analysis was conducted to identify the strengths and weaknesses of the Cross-Border B2C E-Commerce market, while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Cross-Border B2C E-Commerce market.
Cross-Border B2C E-Commerce Market Overview
The fastest-growing sector of the global economy is e-commerce, which reduces the distance between buyers and sellers. Cross-border e-commerce refers to online deals and transactions that are carried out across borders or between different nations utilising information and communication technology (ICT) (CBE).
Small and medium-sized businesses (SMEs) have access to both a domestic and international customer base thanks to cross-border e-commerce platforms, which opens up potential for growth. For instance, Data Catalyst estimates that over 70% of American SMEs either their own online store or a third-party online marketplace, with the bulk of those businesses opting to utilise multiple markets. Thanks to the growing demand for these services to connect customers with suppliers, make ordering more accessible, and manage the delivery of goods, it is expected that the market environment will improve over the course of the forecast period.
Cross-Border B2C E-Commerce Market Dynamics
Fintech and B2C e-commerce companies are increasingly collaborating. It has been proven that partnerships between banks and fintech businesses are a successful and profitable growth strategy. Traditional financial institutions (FIs) can integrate consumer technologies through collaboration with a potential rival without having to develop their own proprietary products.
Online commerce is growing along with the rising penetration of internet. Modern trade techniques have replaced outdated ones, making B2C e-commerce more effective and accelerating transactions. Additionally, the majority of transactions are completed online using electronic payments that are characterised by viral content and space-time crossing. Therefore, the advantages of international e-commerce expected to promote a promising future for Cross-Border B2C E-Commerce market growth. Additionally, the growing usage of cross-border e-commerce as a new framework for cross-border trade is being observed by experts and companies trying to grow their international trade. As a result, this has become a key element in driving market growth within the expected time range.
The trend toward online shopping is being fueled, in the eyes of the consumer, by reduced prices and a larger variety of goods. Additionally, when logistics are improved by distribution companies and e-commerce companies, customers will be able to pick up their international online orders more promptly, removing some of the major barriers to international shopping. By spreading technology rapidly and widely, globalisation has boosted the volume and variety of cross-border transactions involving commodities and services. This has had an impact on the cross-border business-to-consumer e-commerce market dynamics.
Cross-Border B2C E-Commerce Market Regional Insights
The cross-border B2C E-commerce market’s largest market share in 2021 was accounted by Asia Pacific. This enormous market share is a result of emerging nations’ increasing use of the internet and smartphones. The population’s increasing disposable income, increased urbanisation, and rising living standards are other factors contributing to the industry’s growth. The developing countries including South Korea, India, Japan, and China are mostly to blame for the market’s growth.
The cross-border B2C e-commerce market in North America is expected to grow gradually. The rapid growth of the North American market can be linked to the rise in consumer demand for high-quality products at competitive rates.
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Cross-Border B2C E-Commerce Market Segmentation
By Payment Method:
By Category:
Cross-Border B2C E-Commerce Market Key Manufacturers:
Key questions answered in the Cross-Border B2C E-Commerce Market are:
Key Offerings:
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