DUBLIN--(BUSINESS WIRE)--The "E-commerce Market in India (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
Online travel segment insights:
The online travel segment is expected to expand at a CAGR of ~21% during the 2018-2023 period, and will reach a value of INR 3,563.66 Bn by the end of 2023. In India, the increasing use of smartphones is one of the major factors leading to the higher number of hotel and ticket bookings through online portals and applications. Among the different online travel portals, MakeMyTrip is the most significant player, with a market share of ~31%, primarily due to its high penetration rate, large number of partnerships with global hotel chains, and attractive discount offers. The other major players of the segment are Goibibo, IRCTC, Clear Trip, and Yatra.
Online retail segment insights:
The increased penetration of Internet enabled devices, focus on advertising, ease of online shopping, innovative payment options, cash backs and discount offers, and rapidly changing customer needs are the major growth drivers of the online retail market in India. As of 2018, the electronics sector had the largest share (~48%) within the online retail market, owing to the facility of being able to compare the features of products manufactured by different companies, on a single platform. Apart from electronics, the apparels sector has a considerable share in the online retail market of the country.
Online financial services segment insights:
The online financial services segment is expected to expand at a CAGR of ~59% during the 2018- 2023 period, and will reach a value of INR 1,057.37 Bn by the end of 2023. Advancements in the banking, financial services and insurance (BFSI) sector in India have propelled the use of digital financial services in the country. Oxigen and Paytm are two notable online financial services companies that are currently operating in India.
Online classifieds segment insights:
The online classifieds segment is expected to expand at a CAGR of ~39% during the 2018-2023 period, and will reach a value of INR 141.58 Bn by the end of 2023. Consumers who are Internet savvy are increasingly using online classifieds, since they are more convenient in terms of search functionalities and find the desired results with regard to jobs, real estate, etc. Quikr, Sulekha, Just Dial, OLX, and Click India are some of the leading digital classifieds websites in India.
Key growth drivers of the market:
- The affordability of hardware such as laptops, netbooks, desktop PCs and Smart handheld devices, coupled with rising Internet adoption, especially in Tier-I and Tier-II cities, are aiding the growth of the Indian e-commerce market. Also, the rapid growth of smartphone usage is giving improved access to virtual shopping and e-tailing websites to the tech-savvy generation, thus driving business for the e-commerce market in India.
- India's per capita income is expected to reach INR 91.92 Mn in 2018-2019, expanding at a rate of ~6.1% from its 2017-2018 value of INR 86.66 Mn. This rise in income has brought about changes in the buying and spending patterns of customers. Changes in demand, along with the popularity of online markets will lead to the growth of the e-commerce market in India.
Key deterrents to the growth of the market:
- Despite having a host of genuine buyers, false or spam orders are a prominent logistical hindrance for e-commerce businesses. Out of the total losses incurred by e-commerce companies in India, false orders account for ~4% on an average. The trend has been observed mainly in Tier II or Tier III cities, where people exhibit a desire to make purchases when they see something online, but eventually cancel the order owing to miscellaneous reasons. Eventually, the sales volume of the e-commerce market diminishes.
- In the Indian market, different types of discounts and price wars put e-commerce companies under severe pressure in competitive situations. Often, companies fail to provide the discounts that customers want, which creates an unfavorable impression for buyers. In response, customers switch to other e-commerce platforms or even offline stores that have similar products at more affordable prices. This, in turn, hampers the growth of the market and the players operating in it.
Key Topics Covered:
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. E-commerce market - definition and structure
3.2. E-commerce ecosystem
3.3. E-commerce platforms
- Hosted or managed platforms vs content management systems
- Major e-commerce platforms - overview
- Magento
- WooCommerce
- OsCommerce
- Drupal Commerce
- OpenCart
3.4. Online business models - description
- Leading companies
- Emerging companies
Chapter 4: E-commerce market in India
4.1. Market overview
4.1. E-commerce market size and growth forecast - value-wise (2018-2023e)
4.2. E-commerce market - segment wise market split (2017)
- Online travel
- Online retail
- Online financial
- Online classified
- Others
Chapter 5: Government initiatives
5.1. Digital India
5.2. Start up India
5.3. Make in India
Chapter 6: E-commerce market in India segmentation
6.1. Online travel
6.1.1 Market overview
6.1.2. Online travel market size and growth forecast - value-wise (2017-2023e)
6.1.3. Player-wise segmentation (2017)
- MakeMyTrip
- Goibibo
- IRCTC
- Clear Trip
- Yatra
- Others
6.2. Online retail
- Electronics
- Apparel
- Home and furnishing
- Baby beauty and personal care
- Books
- Others
6.3. Online financial services
6.3.2. Online financial services market size and growth forecast - value-wise (2017-2023e)
6.4. Online classifieds
6.4.1. India online classifieds market size and growth forecast - value-wise (2017- 2023e)
Chapter 7: Key growth drivers of the market
Chapter 8: Key deterrents to the growth of the market
Chapter 9: Key trends of the market
Chapter 10: Technology landscape
10.1. Amazon Seller Services Private Limited (amazon.in)
10.1.1. Overview
10.1.2. Technology stack
- Programming languages
- Databases and NoSQL datastores
- Operating systems
- Cloud/hardware infrastructure
- Server
10.2. Flipkart Internet Private Limited (flipkart.com)
10.2.1. Overview
10.2.2. Technology stack
- Frameworks/libraries
- Datastores
- Caching
- Cloud services
- Server software
10.3. Jasper Infotech Private Limited (snapdeal.com)
10.3.1. Overview
10.3.2. Technology stack
- Programming language
- Data transfer
- Machine learning processing
- Backend server software
10.3.3. Snapdeal cirrus
10.4. Bundl Technologies Private Limited (swiggy.com)
10.4.1. Overview
10.4.2. Technology stack
- Advertising
- E-commerce platform
- Analytics
- JavaScript
- Server software
10.5. Myntra Designs Private Limited (myntra.com)
10.5.1. Overview
10.5.2. Technology stack
- Application and data
- Utilities
- Development and operations
10.6. Bigtree Entertainment Private Limited (bookmyshow.com)
10.6.1. Overview
10.6.2. Technology stack
- Web server
- Hosting providers
- Content delivery network
- JavaScript libraries
10.7. Uber India Technologies Pvt. Ltd. (uber.com)
10.7.1. Overview
10.7.2. Technology stack
- Programming languages
- Client libraries
- HTTP server technologies
- Server libraries
- Databases and NoSQL datastores
Chapter 11: Competitive landscape
11.1. Amazon Seller Services Private Limited
- Corporate information
- Business description
- Products and services
- Key people
- Financial snapshot (total income, net profit/loss)
- Key ratios
- Business segments, geographical segments
11.2. Flipkart Internet Private Limited
11.3. Infoedge (India) Limited
11.4. Jasper Infotech Private Limited
11.5. MakeMyTrip (India) Private Limited
11.6. Paytm E-commerce Private Limited
11.7. People Interactive (India) Private Limited
11.8. Supermarket Grocery Supplies Private Limited
11.9. Thomas Cook (India) Limited
11.10. Trendsutra Platform Services Private Limited
Chapter 12: Investments
12.1. E-commerce funding overview (2018)
- Netmeds
- Daily Hunt
- Nykaa
- Dream11
- MakeMyTrip
- PhonePe
- PolicyBazaar
Chapter 13: Recent developments
For more information about this report visit https://www.researchandmarkets.com/r/t4mh5u
