Key vendors are developing better and innovative platforms to increase their sales
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global e-commerce market in their latest research report. This report also lists 21 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales through the different application of e-commerce.
- Home appliances: The increasing demand for smart energy in consumer electronics is increasing the sales of global online home appliances.
- Clothing and footwear: Discounted prices and attractive media promotions is making this the most popular segment in the market.
This Technavio report, under media and entertainment services vertical, is based on the synthesis, analysis, and interpretation of information about the global e-commerce market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The players in the market are competing on the basis of product portfolio, pricing, delivery options, payment options, policies, varieties, offers, and brands. The market is highly competitive due to the presence of large established players. The companies are investing in the development of technology, in planning, designing, developing, acquiring new players, and expanding existing facilities to sustain the competition in the market. The players are concentrating on the development of new ideas and technologies and are updating their platforms with current technologies that could influence their service lines.
“The market is witnessing a shift from website to mobile-only apps and vendors are focusing on developing app-based platforms to attract a larger consumer base. The increased use of smartphones and tablets has prompted vendors to introduce app-only services. This shift helps vendors to reach a bigger audience, and data from the apps help them analyze consumer behavior and buying patterns. For instance, Myntra, an Indian e-commerce site to app-only services in September 2015 which resulted in increased sales of the company’s products,” says Ujjwal Doshi, a lead analyst at Technavio for research on media and entertainment services.
Top five vendors in the e-commerce market space
Alibaba Group
Alibaba Group provides online and mobile marketplaces in wholesale and retail trade, cloud computing, and other services in China and across the globe. It also provides payment and escrow services, database services, elastic computing, and large-scale computing services through its cloud computing platform. The company operates through various affiliated companies like Taobao, Tmall, Juhuasuan, aliexpress, 1688.com, Alimama, Aliyun, Alipay, and Cainiao companies.
Amazon.com
It is an e-commerce company, which offers products and services to general consumers, enterprises, sellers, and content creators. Some of its services include co-branded credit card agreements and advertising services. It also offers new, refurbished, unique, and used products in wide categories that include music, video games, sports and outdoors, electronics and computers, books, and movies. It has software development centers are located in Dublin, Edinburgh, Cape Town, Bangalore, and Chennai.
Apple
The company is a PC developer and manufacturer and offers PCs, mobile devices, operating systems, related software and applications, and peripherals. Its product offerings include the iPhone, iPad, Mac, iTunes, software, and services, accessories, and iPod segments. It offers its own operating systems, iOS and OS X, various application software services including iWork and iLife, and Apple TV.
eBay
eBay is a global commerce and payment solutions leader and an online marketplace that connects millions of buyers and sellers around the world. It also offers services through other localized sites, classifieds websites, and vertical shopping websites including eBay.de, eBay.co.uk, StubHub, marktplaats.nl, and mobile.de. It offers payment services and consumer credit businesses through its core brands PayPal and Bill Me Later.
PayPal
The company provides a secure wallet system of transferring funds for both senders and receivers. Its services include online payment facilitation that allows financial transactions for users with a PayPal account. It offers payment options such as PayPal balance, bank account, credit card, PayPal credit, and debit card and it generates an instant payment notification that notifies the user when a transaction takes place.
Other prominent vendors in this market include ASOS.com, Barnes & Noble, Best Buy, Costco, GameStop, Groupon, J. C. Penney, Kohl’s, Liberty Interactive, LL Bean, Lowe’s, Macy’s, Newegg, MasterCard, Sears Holdings, Softcard, Staples, Target, The Home Depot, Visa, and Walmart.
A more detailed analysis is available in the Technavio report, Global E-Commerce Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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Browse related reports:
- Global E-commerce Packaging Market 2016-2020
- Global E-Commerce Payment Market 2016-2020
- Business-to-Consumer E-Commerce Market in China 2016-2020
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