Technology Landscape in India E-Commerce Market Is Booming Worldwide with Adobe Systems India, Akamai Technologies India, Amazon Internet Services
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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