Fuelled by the demand for a diverse selection of products, as well as the convenience that e-commerce provides, the global e-commerce market is experiencing significant growth. According to analysts at Technavio, the market is poised to grow at a CAGR of 19% by 2020. While many vendors are switching to app-based services due to popular demand, as well as increased Internet penetration and smartphone usage, they still face the challenge of making their services available in developing countries, where the Internet is slow. Expect the competitive environment to remain intense, as vendors continue on the mobile route and develop innovative solutions that involve lighter versions of their apps and mobile sites.
In this blog, we identify some of the key and prominent vendors in the market.
Alibaba Group Holding Limited is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine, and data-centric cloud computing services.
Amazon.com, Inc., is an American electronic commerce and cloud computing company with headquarters in Seattle. It is the largest Internet-based retailer in the world by total sales. Amazon.com offers DVDs, Blu-rays, CDs, video downloads/streaming, MP3 downloads/streaming, audiobook downloads/streaming, software, video games, electronics, apparel, furniture, food, toys and jewelry. The company also produces consumer electronics, such as Amazon Kindle e-readers, Fire tablets, and Fire TV, and is the world’s largest provider of cloud infrastructure services.
Apple Inc. is an American multinational technology company headquartered in California that designs, develops, and sells consumer electronics, computer software, and online services. Apple is the world’s largest information technology company by revenue, the world’s largest technology company by total assets, and the world’s second-largest mobile phone manufacturer.
Founded in 1995, eBay Inc. is an American multinational corporation and e-commerce company, providing consumer-to-consumer and business-to-consumer sales services via the Internet. eBay is a multibillion-dollar business with operations in over 30 countries. The company manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide.
Google is an American multinational technology company specializing in Internet-related services and products that include online advertising technologies, search, cloud computing, and software. Google offers e-commerce services that include Google for retail and e-commerce tracking. The company leads the development of the Android mobile operating system and has moved increasingly into communications hardware, partnering with major electronics manufacturers.
Established in 1998, PayPal Holdings, Inc. is an American company operating a worldwide online payments system. Online money transfers serve as electronic alternatives to traditional paper methods like checks and money orders. PayPal is one of the world’s largest Internet payment companies; it operates as a payment processor for online vendors, auction sites and other commercial users.
ASOS.com is a British online fashion and beauty retailer. ASOS sells over 850 brands as well as its own range of clothing and accessories. ASOS has websites targeting the UK, Australia, USA, France, Germany, Spain, Russia, Italy and China. It also ships to over 140 countries from fulfilment centres in the UK, US, Europe and China.
Barnes & Noble
Barnes & Noble.com is a wholly owned subsidiary of Barnes & Noble, Inc., a publicly traded company listed on the NYSE under the symbol “BKS.” Barnes & Noble.com leverages the power of the Barnes & Noble brand to offer online customers the Web’s premier destination for books, eBooks, magazines, toys & games, music, DVD and Blu-ray, and related products and services. In 2009, Barnes & Noble.com also became a leader in eBooks, offering over 1 million titles in its eBooks store and launching NOOK, the world’s most advanced eBook reader.
Best Buy is an American multinational consumer electronics corporation, operating the Best Buy, Best Buy Mobile, and Geek Squad brands. The Company offers consumers a unique shopping experience with the latest technology and entertainment products, plus an expanded assortment of lifestyle products offered through www.bestbuy.com.
Costco Wholesale Corporation is an American membership-only warehouse club that provides a wide selection of merchandise. It is currently the largest membership-only warehouse club in the United States, and as of 2015, the second largest retailer in the world after Walmart.
GameStop Corp. is an American video game, consumer electronics, and wireless services retailer. The company operates 6,457 retail stores throughout the United States, Canada, Australia, New Zealand, and Europe. In addition to retail stores, GameStop also owns Kongregate, a site for browser-based video games, Game Informer, a video game magazine, Simply Mac, an Apple products reseller; and Spring Mobile, an AT&T wireless reseller.
Groupon is a global e-commerce marketplace connecting millions of subscribers with local merchants by offering activities, travel, goods and services in more than 28 countries. Based in Chicago, Groupon was launched in 2008. By the end of March 2015, Groupon served more than 500 cities worldwide, had nearly 48.1 million active customers and featured more than 425,000 active deals globally.
Visa Inc. is an American multinational financial services corporation. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards and debit cards. Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash-access programs to their customers. According to the 2015 Nilson Report, Visa’s global network processed 100 billion transactions with a total volume of US$6.8 trillion.
Wal-Mart Stores, Inc. founded in 1962, is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, grocery stores and ecommerce site, Walmart.com. Walmart is the world’s largest company by revenue, as well as the largest private employer in the world with 2.2 million employees.
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