India E-Commerce Market Forecast and Opportunities, 2020

Oct 14 2015- Mumbai, India: Bharatbook.com announces a report on “ India E-Commerce Market Forecast and Opportunities, 2020 ”. E-services segment, which comprises online travel, online payments, online classifieds, etc., is expected to continue its domination through 2020.

On account of rising number of e-commerce websites, growing internet penetration, and increasing sophistication and diversification of small businesses, India’s e-commerce market is forecast to grow exponentially over the next five years. https://www.bharatbook.com/retail-market-research-reports-713481/india-e-commerce-forecast-opportunities.html Besides the obvious ease that online platform offers to shoppers, consumers in India are increasingly opting for online shopping as online retailers offer huge discounts on their products. Private label brands, launched by various online retailers, are also fueling growth in the country’s e-commerce market as retailers are now able to offer a wider range of products to their customers at competitive prices. The country’s e-commerce market is forecast to witness staggering growth on the back of increasing working population and growing number of middle class households, which is expected to reach around 53 million by the end of 2015, and is further anticipated to double by 2025.

According to “India E-commerce Market Forecast & Opportunities, 2020”, the country’s e-commerce market is projected to grow at a CAGR of more than 36% during 2015 - 2020. E-services segment, which comprises online travel, online payments, online classifieds, etc., is expected to continue its domination through 2020. However, the e-tail segment that includes electronics, apparels & accessories, health and personal care, etc., is expected to witness significantly higher market growth compared to e-services segment over the next five years. During 2015-20, the western region is expected to remain the largest e-commerce market in the country. Major players operating in India’s...