Asia-Pacific E-commerce Market to Be Worth $22.7 Billion by 2030

Asia-Pacific E-commerce Market to Be Worth $22.7 Billion by 2030

Asia-Pacific E-commerce Market 2023-2030 Meticulous Research , a leading global market research company, recently published a report titled "Asia-Pacific E-commerce Market by Business Model (Horizontal E-commerce and Vertical E-commerce), Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfers, Cash Payments), Operating Channel, and Offering - Forecast to 2030." According to this latest report, the Asia-Pacific e-commerce market is projected to reach $13,209.2 billion by 2030, growing at a CAGR of 17.6% during the forecast period. Key drivers of this growth include increasing internet and smartphone penetration, rising social media and social commerce usage, and growing consumer demand for convenient shopping solutions. Additionally, e-commerce automation and the expansion of cross-border e-commerce are expected to create significant market opportunities. However, the market faces challenges such as online fraud, cybersecurity issues, and local regulations for international e-commerce. High internet costs and increasing security and privacy concerns also pose challenges. Nonetheless, the adoption of AI and the use of AR and VR technologies in e-commerce are emerging trends in the Asia-Pacific market. The report segments the Asia-Pacific e-commerce market by business model, browsing medium, payment mode, operating channel, and offering, also evaluating competitors and analyzing the market at the regional and country levels. By business model, the market is divided into horizontal e-commerce and vertical e-commerce. In 2023, the horizontal e-commerce segment is expected to hold a larger market share due to its broad product range, high consumer engagement, and sales volume. By browsing medium, the market is segmented into desktop/laptop and mobile/tablet, with the mobile/tablet segment further divided into application-based and browser-based. The desktop/laptop segment is expected to dominate in 2023, driven by the growth in e-commerce Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Asia-Pacific E-commerce Market 2023-2030 during the COVID-19 pandemic and the positive impact of the work-from-home culture on desktop/laptop sales. By payment mode, the market includes card payments, digital wallets, bank transfers, cash payments, and others. The card payments segment is projected to hold the largest market share in 2023, due to consumer preference for the convenience and security of card transactions, especially in developed countries. By operating channel, the market is segmented into pure play e-commerce and omni-channel e-commerce. The omni-channel segment is expected to lead in 2023, benefiting from enhanced customer experience, increased sales, better customer loyalty, and improved data collection for customer and resource management. By offering, the market includes beauty and fashion products, travel and tourism, electronic products, household products, pharmaceutical products, food and beverage, and other offerings. The beauty and fashion products segment is anticipated to hold the largest market share in 2023, driven by changing consumer behaviors, high demand for cosmetics and clothing, and the rising popularity of mobile wallets. Geographically, the market is segmented into China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Thailand, Vietnam, Singapore, Malaysia, and the Rest of Asia-Pacific. In 2023, China is expected to dominate the market, followed by Japan, South Korea, India, and Australia & New Zealand. China's leading position is attributed to high internet penetration, widespread smartphone adoption, the emergence of e-wallets for online payments, and a strong logistics infrastructure. Key players in the Asia-Pacific e-commerce market include Amazon.com, Inc. (U.S.), Alibaba Group Holding Limited (China), eBay Inc. (U.S.), JD.com, Inc. (China), Rakuten, Inc. (Japan), The Home Depot, Inc. (U.S.), ChinaAseanTrade.com (China), Otto GmbH & Co KG (Germany), Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

Asia-Pacific E-commerce Market 2023-2030 Priceline.com (U.S.), B2W Digital Company (Brazil), Groupon, Inc. (U.S.), Walmart Inc. (U.S.), Inter IKEA Systems B.V. (Netherlands), Costco Wholesale Corporation (U.S.), Shopify Inc. (Canada), DIYTrade.com (China), Ali Express (China), and Tesco plc (U.K.). Download @ https://www.meticulousresearch.com/download-sample- report/cp_id=5596 Sample Report Here Key Questions Answered in the Report: Which are the high-growth market segments based on business model, browsing medium, payment mode, operating channel, offering, and geography? What was the historical market size for E-commerce in Asia-Pacific? What are the market forecasts and estimates for the period 2023 2030? What are the major drivers, restraints, opportunities, challenges, and trends in the Asia- Pacific E-commerce market? Who are the major players, and what shares do they hold in the Asia-Pacific E- commerce market? What is the competitive landscape like in the Asia-Pacific E-commerce market? What are the recent developments in the Asia-Pacific E-commerce market? What strategies are adopted by the major players in the Asia-Pacific E-commerce market? What are the key geographic trends, and which are the high-growth countries? Who are the local emerging players in the Asia-Pacific E-commerce market, and how do they compete with the other players? Contact Meticulous Email- sales@meticulousresearch.com Contact Connect with us on research Us: Research Sales- +1-646-781-8004 LinkedIn- https://www.linkedin.com/company/meticulous- Page 3 of 3 Meticulous Research| sales@meticulousresearch.com