Summary List Placement
Insider Intelligence publishes thousands of research reports, charts, and forecasts on the Payments & Commerce industry. You can learn more about becoming a client here.
The following is a preview of one Payments & Commerce report, the Global E-Commerce Landcape. You can purchase this report here.
The coronavirus pandemic is strengthening e-commerce in India, Indonesia, Mexico, and Nigeria, which already had factors like sizable populations, fast e-commerce growth rates, and a large number of digital buyers working in their favor — but it also faces distinct obstacles in each country.
Pre-pandemic, each e-commerce market was set to reach more consumers and rack up more sales in the coming years due to factors like expanding internet access and smartphone adoption, as well as the development of digital payment methods. However, there have also been factors working against e-commerce in each market, such as unfavorable regulatory environments, geographic obstacles, foreign competition, and lacking infrastructure.
Now, lockdowns and concerns about visiting stores are accelerating these e-commerce markets’ development, illustrating how the pandemic is rapidly strengthening opportunities for e-commerce stakeholders around the world. Each of these countries experienced some form of lockdown in response to the coronavirus crisis, making e-commerce more appealing and necessary than ever.
This caused consumers in these countries, where many people had yet to make an online purchase, to start shopping online and plan to make more e-commerce purchases after the pandemic subsides. The sudden uptick in e-commerce shopping, both right now and in the years to come, is giving e-tailers more consumers to target than they would have without the pandemic, offering e-commerce players the chance to scale their operations more quickly than they might’ve planned.
In The Global E-Commerce Landscape report, Insider Intelligence examines the effects of the coronavirus pandemic on the development of the e-commerce markets in India, Indonesia, Mexico, and Nigeria. We lay out the major e-commerce players in each country, including both domestic firms and companies based around the world, to examine the level of competition in the four markets. Finally, we analyze the opportunities and challenges e-tailers face in each market, considering both changes caused by the pandemic and factors that are unrelated to the crisis.
The companies mentioned in this report are: Alibaba, Amazon, Bukalapak, Cornershop, Facebook, Falabella, Flipkart, Flutterwave, Google, Gojek, Grab, JioMart, Jumia, Konga, Lazada, Linio, Liverpool, Mall For Africa, Mercado Libre, Ovo, Paga, Reliance Industries, Shopee, SystemSpecs, Tokopedia, Uber, Visa, Walmart, Worldpay
Here are some key takeaways from the report:
The coronavirus pandemic is accelerating e-commerce development in India, Indonesia, Mexico, and Nigeria, which were already considered some of the highest-potential online shopping markets in the world. These markets serve as examples of the sudden opportunities to scale that are available to e-commerce stakeholders in several countries in the wake of the pandemic.
India’s market was already on the rise before lockdown forced consumers to turn to online shopping — but some e-commerce restrictions likely frustrated shoppers.
Indonesian consumers’ interest in shopping via online marketplaces and other platforms is growing, potentially pushing e-commerce sales to soar in the near future — …read more
Source:: Business Insider