COVID-19 Pandemic Accelerates Investment in the Global IT/Consumer Electronics eCommerce Market

COVID-19 Pandemic Accelerates Investment in the Global IT/Consumer Electronics eCommerce Market

Remote Work and Distance Learning Mandates Drive B2B and B2C Technology Strategy

RELEASE DATE
07-Apr-2021
REGION
North America
Research Code: K446-01-00-00-00
SKU: IT04273-NA-MT_25204
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Description

This research study examines the global electronic commerce (eCommerce) market with a focus on North America and the information technology (IT) and consumer electronics verticals. The report delves into the macro-economic factors affecting the global retail eCommerce market, its growth during the course of the COVID-19 pandemic, as well as the drivers, trends, challenges, and competition that are shifting global market dynamics.

Globally, 2020 proved to be a turbulent year for the retail industry. Businesses have had to deal with supply chain interruptions, demand disruptions, labor supply issues, and cash flow problems. In response to the pandemic, they have had to expand their touchless payment options and contactless delivery as well as completely rethink marketing strategy. Remote work and distance learning quickly became the norm, changing consumer purchasing behaviors and catalyzing digital transformation.

This study presents a current view of the global IT/CE eCommerce market and its projected growth in light of the COVID-19 pandemic. It also explores growth opportunities in a post-pandemic world. The base year used for analysis is 2019 with forecasts offered through 2025.

Author: Anisha Vinny

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Information Technology (IT)/Consumer Electronics (CE) eCommerce Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Global and North American Nominal GDP

Global and North American Nominal GDP Per Capita

Global and North American Consumption Expenditure

Internet Penetration in Major Economies

Penetration of Retail eCommerce Sales

Revenue Forecast, Global Retail eCommerce Market

Revenue Forecast by Region, Global Retail eCommerce Market

Revenue Forecast, Global and North American B2B eCommerce Market

Number of SMBs in the United States

eCommerce Market Drivers

eCommerce Market Drivers (continued)

eCommerce Market Drivers (continued)

eCommerce Market Drivers (continued)

Revenue Forecast, Global Cross-border Retail eCommerce Market

Online Cross-border Shopper Penetration Rate

Revenue Forecast, Global and United States Retail Mobile Commerce (mCommerce) Market

Key Forecast Criteria

Revenue Forecast, Global IT/CE Retail eCommerce Market

Revenue Forecast by Region, Global IT/CE Retail eCommerce Market

Revenue Forecast by Region, North American IT/CE Retail eCommerce Market

B2B IT/CE eCommerce Market Drivers

B2B IT/CE eCommerce Market Drivers (continued)

Online Behavior and Shopping

Online Behavior and Shopping (continued)

Consumer Electronics/Hardware Purchased during COVID-19

Devices Used When Shopping for Electronics

Overview of the Competitive Landscape for the North American IT/CE Retail eCommerce Marketplace

Online/eCommerce Retailers Selection Process

Brands’ Net Promoter Score (NPS)

Reasons for Satisfaction with Online/eCommerce Retailer—Amazon

Reasons for Satisfaction with Online/eCommerce Retailer—BestBuy

Reasons for Satisfaction with Online/eCommerce Retailer—Walmart

Reasons for Satisfaction with Online/eCommerce Retailer—eBay

Reasons for Satisfaction with Online/eCommerce Retailer—Newegg

Reasons for Satisfaction with Online/eCommerce Retailer—Costco

Reasons for Satisfaction with Online/eCommerce Retailer—AliExpress

Reasons for Satisfaction with Online/eCommerce Retailer—Wish

Competitive Landscape Analysis

Competitive Landscape Analysis (continued)

Competitive Landscape Analysis (continued)

Growth Opportunity 1—Data-driven Personalization, 2021

Growth Opportunity 1—Data-driven Personalization, 2021 (continued)

Growth Opportunity 2—Interactive Product Visualization, 2021

Growth Opportunity 2—Interactive Product Visualization, 2021 (continued)

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

This research study examines the global electronic commerce (eCommerce) market with a focus on North America and the information technology (IT) and consumer electronics verticals. The report delves into the macro-economic factors affecting the global retail eCommerce market, its growth during the course of the COVID-19 pandemic, as well as the drivers, trends, challenges, and competition that are shifting global market dynamics. Globally, 2020 proved to be a turbulent year for the retail industry. Businesses have had to deal with supply chain interruptions, demand disruptions, labor supply issues, and cash flow problems. In response to the pandemic, they have had to expand their touchless payment options and contactless delivery as well as completely rethink marketing strategy. Remote work and distance learning quickly became the norm, changing consumer purchasing behaviors and catalyzing digital transformation. This study presents a current view of the global IT/CE eCommerce market and its projected growth in light of the COVID-19 pandemic. It also explores growth opportunities in a post-pandemic world. The base year used for analysis is 2019 with forecasts offered through 2025. Author: Anisha Vinny
More Information
No Index No
Podcast No
Author Anisha Vinny
Industries Information Technology
WIP Number K446-01-00-00-00
Is Prebook No
GPS Codes 9523-D1,9705-C1,9A3C-D1