E-commerce Market in India to Register Growth Rate of 41% to Reach Higher Market Size in Approaching Years

June 12, 2019 | ICT, Electronics and Semiconductor

E-commerce Market in India (2018-2023)” is one of the valuable additions to Qurate’s extensive database of more than 375,000 market research reports. The report shares significant information and noteworthy insights in relevance major market components that are most likely to develop influence over industry in approaching times. This includes factors such as E-commerce ecosystem, E-commerce platforms, Hosted or managed platforms vs content management systems, Online business models – description, Leading companies, Emerging companies, Government initiatives such as Digital India, Start-up India, Make in India, market segments, Online retail, Key growth drivers of the market, Key trends of the market and more.

It was not long when business world was not too sure about the degree of response e-commerce market might receive in Indian region as consumer behavioral studies always stated that consumer in the region believes more in ‘immediate possession’, ‘physical assessment of the products’ and few more phenomenon which are almost impossible for e-commerce industry to accomplish. However, over course of period, technological advancement, growing number of smartphone users, increased accessibility and availability of the internet, promotion of digital payment methods, and few more factors of similar nature pushed the market towards mounting growth trends.

The E-commerce Market in India research report entails variety of information regarding the segments. The market segment talks about online travel, online retail, online financial, online classified and others. These elements of market segment are further studied on various criteria such as market size, growth forecast, market overview and more. This might help readers across businesses and companies to develop strong business acumen in relevance with e-commerce market in India.

Online travel segment of the industry is likely to expand at growth rate of more than 20% during 2018 to 2023. Analysts project that it is expected to reach value of INR 3,563.66 billion by then. Online financial services segment also shows potential to grow rapidly. In fact, analysts project growth rate of 59% for this segment. increased penetration of Internet-enabled devices, aggressive advertising, ease of online shopping, innovative payment options made available through digital menas, cashbacks and discount offers, growing preferences of people for online shopping and few more factors of such nature are likely to push online segment towards tremendous growth in approaching years.

Moving ahead, the e-commerce market in India research enlist key insights and vital data figures regarding major companies operating in the industry. Some of the major companies covered in the competitive landscape analysis of the e-commerce market in India are Amazon Seller Services Private Limited, Flipkart Internet Private Limited, Infoedge (India) Limited, Jasper Infotech Private Limited, MakeMyTrip (India) Private Limited, Paytm E-commerce Private Limited, People Interactive (India) Private Limited, Supermarket Grocery Supplies Private Limited, Thomas Cook (India) Limited and Trendsutra Platform Services Private Limited.

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