Share:
ResearchAndMarkets.com's offering.
E-Retail or commonly known as electronic retailing is the sale and trading of services and goods online or the internet. The companies involved in this industry develop and enhance their business structure and model to capture online sales by building distribution channels such as product shipping centres, Internet Webpages, and Web sites and Warehouses, to store their goods and products. There are a plethora of factors that have been driving the overall market growth. Increasing the convenience of purchasing luxury products and dairy essentials from home is a major factor in market growth.
Furthermore, E-retail companies also offer a better price as compared to physical stores. According to the United Nations Report in 2018, more than half of the global population of around 8 billion were using the internet at the end of 2018. The report stated that around 51.2% of the global population, which was around 3.9 billion people in 2018, we're using the internet. There was a surge in the growth of internet users in developing countries. Companies have been making significant developments to boost and enhance their online revenues and sales. Logistics is one of the major challenges in the E-Retail market.