Market Research Report
BRICS e-commerce Retail Market Research and Forecast 2018-2023
|Published by||Orion Market Research Pvt Ltd||Product code||670579|
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|BRICS e-commerce Retail Market Research and Forecast 2018-2023|
|Published: July 24, 2018||Content info:||
BRICS e-commerce retail market is expected to grow significantly during the forecast period (2018-2013). The e-commerce retail market in BRICS region has been positively influenced by variety of pivotal factors such as increasing smartphone and internet users, improving transport connectivity and availability of inexpensive workforce. The increasing number of smartphone and internet users in the countries such as India, China, Brazil and Russia created ample opportunities for e-commerce retail market. Further, China, India and South African region has economic workforce and favorable policies. China and India are the two largest market for e-commerce retail across the globe which attracts global giants to invest in this region.
However, high cost for reverse logistics and under developed infrastructure of some countries are still major concerns for the market growth. The cost incurred when the customer return and replace the product increases the expenditure of the company. Increasing number of returns and replacement of goods can create major problem for any e-commerce company. China has largest share of e-commerce retail market among all the countries in the world followed by India. Improved infrastructure, cohesive government policies and growing e-commerce market boost the growth of e-commerce retail market. Growing trend of online launching of product and exclusive sales creates scope for e-commerce retail market.
Moreover, China has well developed infrastructure and high internet penetration where more than 40% of the total population has access to internet which allows the e-commerce companies to reach major potential customers. India is also growing at a significant rate due to increasing internet penetration and developing infrastructure which attracts investors from across the globe. BRICS e-commerce market players such as Flipkart Internet Private Limited, Amazon.com Inc., Alphabet Inc., JD.com Inc., Baidu Inc., and Homeshop18 contribute significantly into the market growth. The E-commerce market is also influenced by growing innovation in the market such as growing use of mobile commerce, digital payments, and offline integration.