The North America e-commerce retail market is anticipated to grow at a significant CAGR of 11.7% during the forecast period. North America has been ahead of others in many markets owing to the existing infrastructure and advanced technologies. The E-commerce retail market also benefitted from the same. Some new technological advancement has occurred in the region which has opened a great opportunity for the market that is to boost the market significantly. Some of the technological advancements include-
- Satellite Internet Venture- In June 2021, SpaceX's satellite internet network Starlink passed near 70,000 active users. This venture has been boosting internet penetration at a very high speed and any location. This venture is to fuel up the E-commerce market with the availability of the internet everywhere.
- Internet of Things (IoT) in Vehicle- IoT has advanced the freighting system in recent times. This enables the freight trucks to run without a driver or drivers in a sequential form safely with navigation tracking. It will advance the freighting of goods with a lot of benefits for the companies.
- Drones for Delivery- One of the things that restrict the e-commerce market is the late delivery owing to the distance or unavailability of the delivery person. In recent times, a company such as Amazon has shared their interest in using a drone to deliver the product which has resolved these issues. The drone can be very handy and quick as they don’t have to wait in the traffic and can deliver the product as quickly as possible.
Browse the full report description “North America E-Commerce Retail Market Size, Share & Trends Analysis Report by Product Type (Electronics, Grocery, Fashion, Home Décor, Healthcare, Automobile, Sports, Beauty and Personal Care, Kitchenware, and Other), and by End User (Business to Business, Business to Customer, and Customer to Customer) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/north-america-e-commerce-retail-market
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Product Type
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
?Competitive Landscape- including Apple Inc., Amazon.com Inc., Home Depot Product Authority Inc., Target Corp., Wal-Mart Stores Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
oDeviation from the pre-COVID-19 forecast
oMost affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
North America E-Commerce Retail Market Report Segment
By Product Type
- Electronics
- Grocery
- Fashion
- Home Decor
- Healthcare
- Automobile
- Sports
- Beauty and Personal Care
- Kitchenware
- Other
By End-User
- Business to Business
- Business to Customer
- Customer to Customer
North America E-Commerce Retail Market Report Segment by Region
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