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Global Trends in Cross-Border B2C E-Commerce Market to Exceed USD 4,820 Billion by 2026 – Facts & Factors

October 20, 2020 GMT

Global Cross-Border B2C E-Commerce market in 2019 was approximately USD 780 Billion. The market is expected to grow at a CAGR of 27% and is anticipated to reach around USD 4,820 Billion by 2026.

According to the Facts and Factors, Research Report, the global Cross-Border B2C E-Commerce market in 2019 was approximately USD 780 Billion. The market is expected to grow at a CAGR of 27% and is anticipated to reach around USD 4,820 Billion by 2026.

Cross-border e-commerce is an international online trade. It involves purchasing and selling of products through online shops across international as well as national borders. The trade is between a business or retailer or brand and customer. There are several categories of cross-border e-commerce such as entertainment & education, apparel & accessories, consumer electronics, home furnishing, personal care & beauty, healthcare & nutrition, footwear, and food & beverage. The payment method for cross-border e-commerce involves digital wallets, credit/debit cards, and internet banking. Cross-border e-commerce is utilized by adults, teenagers/millennial,s or by senior citizens.

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Globalization has enhanced the volume and variety of cross-border transactions in services as well as products through rapid and widespread diffusion of technology. This is has been driving the global cross-border B2C e-commerce market. In addition, advanced e-commerce technologies subtract marketing costs as well as administration expenditures. This enables companies to reach dispersed markets. This has propelled the target market as well. However, customer data belongs to the marketplace which may prove as a restraining factor over the forecast period. Nevertheless, fast-paced internet technologies are extending the international business market. This is anticipated to create lucrative growth opportunities over the forecast period.

On the basis of category, the cross-border B2C e-commerce market includes entertainment & education, apparel & accessories, consumer electronics, home furnishing, personal care & beauty, healthcare & nutrition, footwear, food & beverage, and others. The apparel & accessories are likely to hold the highest market share over the forecast period due to the maximum usage of cross-border B2C e-commerce in terms of apparel & accessories.

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Top Market Players:

Some of the key players operating in the target market are AirBridgeCargo Airlines, eBay,AliExpress.com, ASOS, ACES,BigCommerce, Jagged Peak, Amazon.com, Pitney Bowes, Tmall, Eunimart Multichannel, JD.com, Vipshop, and Zalando.

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By payment method, the market includes digital wallets, credit/debit cards, internet banking, and others. The digital wallets category is predicted to hold the highest share as this payment method is utilized most.

By offering, the market includes in-house brands and assorted brands. The assorted brands category is likely to hold the largest market share as these brands hold maximum demand.

Based on end-user, the market is classified into adults, teenagers/millennials, senior citizens, and others. The adults segment is expected to hold the highest market share owing to the utilization of cross-border B2C e-commerce mostly by adults.

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The Cross-Border B2C E-Commerce market trends research report delivers an acute valuation and taxonomy of the Cross-Border B2C E-Commerce industry by practically splitting the market on the basis of different categories, payment method, offering, end-user, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Cross-Border B2C E-Commerce industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Cross-Border B2C E-Commerce industry is provided for the leading economies of the world.

The Cross-Border B2C E-Commerce market is segmented based on category, payment method, offering, and end-user. On the basis of category segmentation, the market is classified into entertainment & education, apparel & accessories, consumer electronics, home furnishing, personal care & beauty, healthcare & nutrition, footwear, food & beverage, and others. In terms of payment method segmentation, the market is bifurcated into digital wallets, credit/debit cards, internet banking, and others. On the basis of offering segmentation, the market is classified into in-house brands and assorted brands. On the basis of the end-user segment, the target market is categorized as into adults, teenagers/millennials, senior citizens, and others.

In terms of region, the target market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, Europe is anticipated to be the dominating region over the forecast period due to the increasing number of online buyers. The United Kingdom is projected to make prominent contributions to the target market in Europe over the forecast period.

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This report segments the Cross-Border B2C E-Commerce market as follows:

Global Cross-Border B2C E-Commerce Market: By Category Segmentation Analysis

Entertainment & Education
Apparel & Accessories
Consumer Electronics
Home Furnishing
Personal Care & Beauty
Healthcare & Nutrition
Footwear
Food &Beverage
Others

Global Cross-Border B2C E-Commerce Market: By Payment Method Segmentation Analysis

Digital Wallets
Credit/Debit Cards
Internet Banking
Others

Global Cross-Border B2C E-Commerce Market: By Offering Segmentation Analysis

In-House Brands
Assorted Brands

Global Cross-Border B2C E-Commerce Market: By End-User Segmentation Analysis

Adults
Teenagers/Millennial
Senior Citizens
Others

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Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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Source URL: https://marketersmedia.com/global-trends-in-cross-border-b2c-e-commerce-market-to-exceed-usd-4820-billion-by-2026-facts-factors/88981605

Source: MarketersMedia

Release ID: 88981605