Global Retail Digital Transformation Industry

Global Retail Digital Transformation Industry

  • April 2021 •
  • 186 pages •
  • Report ID: 5896558 •
  • Format: PDF
Abstract:
- Global Retail Digital Transformation Market to Reach $12.7 Trillion by 2027
- Amid the COVID-19 crisis, the global market for Retail Digital Transformation estimated at US$3.4 Trillion in the year 2020, is projected to reach a revised size of US$12.7 Trillion by 2027, growing at aCAGR of 20.6% over the period 2020-2027. Mobile Apps, one of the segments analyzed in the report, is projected to record 21.7% CAGR and reach US$9.1 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Websites segment is readjusted to a revised 18.2% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $1 Trillion, While China is Forecast to Grow at 20.2% CAGR
- The Retail Digital Transformation market in the U.S. is estimated at US$1 Trillion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Trillion by the year 2027 trailing a CAGR of 20.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.6% and 17.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.

- Select Competitors (Total 42 Featured) -
  • Alibaba Group Holding Ltd.
  • Amazon.com, Inc.
  • Ebay, Inc.
  • Flipkart Internet Pvt Ltd
  • Otto GmbH & Co., KG
  • Rakuten, Inc.