Edison, NJ -- (SBWire) -- 03/15/2022 --The e-commerce market in India was valued at INR 3,550.70 Bn in 2018 and is expected to reach INR 10,494.38 Bn by 2024, expanding at a compound annual growth rate (CAGR) of ~18.15% during the 2019-2024 period. To stay afloat in the competitive market, e-commerce companies are incorporating advanced technologies such as Internet of Things (IoT), voice recognition, fintech, robotics, virtual reality, artificial intelligence (AI) and machine learning (ML) in their online platforms.
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Some of the Major Companies covered in this Research are Adobe Systems India Pvt. Ltd., Akamai Technologies India Pvt. Ltd., Amazon Internet Services Pvt. Ltd., Cloudflare, Inc., Google India Pvt. Ltd., IBM India Pvt. Ltd., Microsoft India Pvt. Ltd., Neustar Data Infotech (India) Pvt. Ltd., NGINX Inc., Oracle India Pvt. Ltd. etc.
Market insights:
E-commerce companies are using virtual and augmented reality (VR & AR) to create virtual showrooms/stores which can provide real-life experiences to customers. These showrooms feature detailed product previews and imitate in-store experiences, which further increase customers' satisfaction and reduce product return rates.
Payment choices including credit and debit cards, net-banking and e-wallets cater to ~30% of online sales when compared to the cash on delivery (CoD) payment option in India. With support from the government's Digital India initiative, cashless payment solution using Fintech is expected to enhance the e-commerce market in India. Consequently, e-commerce companies are incorporating Fintech-based payment platforms like Apple Pay, Google Pay and Amazon Pay to improve the security and efficiency of online payment methods.
Artificial intelligence allows e-commerce businesses to identify patterns and trends, which help retailers understand customers' requirements better. Using AI and ML, e-commerce companies are offering marketing strategies, personalized suggestions, voice-based chatbot assistance and visual searches. Amazon uses machine learning technology to improve address quality, which facilitates timely delivery of packages to its customers.
At last, all parts of the Technology Landscape in India E-commerce Market are quantitatively also subjectively valued to think about the Global just as regional market equally. This market study presents basic data and true figures about the market giving a deep analysis of this market based on market trends, market drivers, constraints and its future prospects. The report supplies the worldwide monetary challenge with the help of Porter's Five Forces Analysis and SWOT Analysis.
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Technology Landscape in India E-commerce Market by Key Players: Adobe Systems India Pvt. Ltd., Akamai Technologies India Pvt. Ltd., Amazon Internet Services Pvt. Ltd., Cloudflare, Inc., Google India Pvt. Ltd., IBM India Pvt. Ltd., Microsoft India Pvt. Ltd., Neustar Data Infotech (India) Pvt. Ltd., NGINX Inc., Oracle India Pvt. Ltd.
Geographically, this report is segmented into some key Regions, with manufacture, depletion, revenue (million USD), and market share and growth rate of Technology Landscape in E-commerce in these regions, from 2017 to 2028 (forecast), covering China, USA, Europe, Japan, Korea, India, Southeast Asia & South America and its Share (%) and CAGR for the forecasted period 2022 to 2028
Informational Takeaways from the Market Study: The report Technology Landscape in E-commerce matches the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter's five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.
Key Development's in the Market: This segment of the Technology Landscape in E-commerce report fuses the major developments of the market that contains confirmations, composed endeavors, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.
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Some of the important question for stakeholders and business professional for expanding their position in the Technology Landscape in India E-commerce Market :
Q 1. Which Region offers the most rewarding open doors for the market Ahead of 2022?
Q 2. What are the business threats and Impact of latest scenario Over the market Growth and Estimation?
Q 3. What are probably the most encouraging, high-development scenarios for Technology Landscape in E-commerce movement showcase by applications, types and regions?
Q 4.What segments grab most noteworthy attention in Technology Landscape in E-commerce Market in 2022 and beyond?
Q 5. Who are the significant players confronting and developing in Technology Landscape in E-commerce Market?
For More Information Read Table of Content @: https://www.htfmarketreport.com/reports/2577609-technology-landscape-in-india-e-commerce-market
Key poles of the TOC:
Chapter 1 Technology Landscape in India E-commerce Market Business Overview
Chapter 2 Major Breakdown by Type
Chapter 3 Major Application Wise Breakdown (Revenue & Volume)
Chapter 4 Manufacture Market Breakdown
Chapter 5 Sales & Estimates Market Study
Chapter 6 Key Manufacturers Production and Sales Market Comparison Breakdown
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Chapter 8 Manufacturers, Deals and Closings Market Evaluation & Aggressiveness
Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type
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Chapter 11 Business / Industry Chain (Value & Supply Chain Analysis)
Chapter 12 Conclusions & Appendix
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Technology Landscape in India E-Commerce Market Is Booming Worldwide with Adobe Systems India, Akamai Technologies India, Amazon Internet Services
Technology Landscape in India E-commerce Market: Intense Competition but High Growth & Extreme Valuation