E-tailing Solutions Market to Witness Robust Expansion throughout the Forecast 2020-2030

Published : 3 years ago, on 19/07/2021

As per the findings
Future Market Insight, the global e-tailing
solutions market estimated to reach US$ 5 Bn
in 2020 and is anticipated to exhibit a CAGR of 14.2% during the forecast
period of 2020 to 2030. E-tailing, which is driven by e-commerce platforms,
will be the backbone of the market, supporting its growth through the pandemic.

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The adoption of the e-commerce
platform in enterprises provide benefits for business to customer (B2C) and
business to business (B2B) models, resulting in high conversion rate, constant
growth, market stability, and long-term partnerships. E-tailing business models
are expected to be in the spotlight as businesses grapple to come to terms with
the ongoing pandemic.

Analysts predict that physical shops will be speedily replaced
by horizontal sellers such as Amazon and eBay, who sell across wide range of
verticals. Wider product ranges and aggressive discounting policies will
undeniably be the strongest growth drivers for the market.

Key
Takeaways of E-tailing Market Study

• E-tailing solutions market to see exponential growth in South
  Asia & Pacific with growing horizontal players
• Machine learning and artificial intelligence algorithms for
  improved predictive analysis of consumer behavior to enhance profitability of
  e-tailing vendors
• Food & beverages segment anticipated to retain its leading
  share of 31% by the end of 2030
• Improved transport and logistics with IoT, blockchain
  technology, and smart contracts to pave way for smooth progress for e-tailing
  across the globe

“The e-tailing market in South Asia and Pacific is
expected to grow at a high CAGR during the forecast period due to the
increasing penetration of third-party logistics, especially in India. Also, the
increase in online grocery shopping is creating a huge channel for growth with
millions of households depending on safety and comfort. “Says an FMI
analyst.

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COVID-19
Pandemic Impact Analysis on E-tailing Market

The 2020 COVID-19 outbreak marked a tipping point for adoption
of the e-tailing solution providers. B2B and B2C online sales of goods
experienced an exponential surge demand. From groceries to protective gears,
the e-tailing market stood stoic in during the pandemic, catering to the
skyrocketing need of the hour.

Between 2018-2019, the e-tailing solutions market grew by almost
17% globally. Despite circumstances being in favor of this market it is
expected to experience a drop of 200-250 BPS in 2020 due to strict lockdowns and
travel bans. According to FMI, the e-tailing solutions market will recover in
Q3 2020 as economy limps back to a new normal. Analysts predict a 20%- 30%
increase in market revenue by 2021 as online sales gain an unprecedented
momentum with continued social distancing.

IoT,
Blockchain, and Big Data to Define Success for E-Tailing

E-tailing firms around the world are adopting new technologies such as big data analytics, Internet of Things (IoT), blockchain technology, and fleet management software management to achieve operational efficiency. Offering real-time communication to the end consumer has been the crucial component of establishing steady clientele. Customer’s journey from browsing for products to final delivery uses various smart technologies that depend on sophisticated analytics for a rich experience.

Several big players in the market have enhanced their consumer
experience with segmentation marketing. E-tailing has significantly relied on
Big Data to break down complex consumer behaviors to provide exceptionally
customized search results and better services. In the coming years, the
progress of e-tailing market will be determined by optimum usage of analytics
to reach out to consumer with the best services.

More
Valuable Insights on E-tailing Market

Future Market Insights offers an unbiased analysis of the global
e-tailing market, providing historical data for 2015-2019 and forecast
statistics from 2020-2030. To understand opportunities in the e-tailing market,
the market is segmented on the basis of solution (e-commerce platform,
e-commerce API and services (professional services (design, integration &
implementation, consulting, and support & maintenance, and managed
services), vertical (food & beverages, fashion & apparel, health &
beauty, electronics, automotive, home & furniture, and others), and regions
and region (North America, Latin America, Europe, East Asia, South Asia
Pacific, and Middle East & Africa).

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