In 2020, the estimated annual growth rate of e-commerce in Indonesia was at **** percent, indicating an increase from the previous year. The growing interest in e-commerce among Indonesian consumers became more prevalent during the coronavirus (COVID-19) pandemic due to social distancing restrictions enforced by the government.

In the third quarter of 2024, the online shopping transactions in South Korea grew by * percent compared to the same period in the previous year. Over the years, online shopping sales have majorly increased, only recently slowing down.

In 2019, Black Friday online transactions in Mexico showed a *** percent growth in sales compared to a normal day. This represents an increase in comparison to the previous year, where e-commerce sales grew *** percent that day in contrast to any other day of the year.

In 2024, global retail e-commerce sales reached an estimated ************ U.S. dollars. Projections indicate a ** percent growth in this figure over the coming years, with expectations to come close to ************** dollars by 2028. World players Among the key players on the world stage, the American marketplace giant Amazon holds the title of the largest e-commerce player globally, with a gross merchandise value of nearly *********** U.S. dollars in 2024. Amazon was also the most valuable retail brand globally, followed by mostly American competitors such as Walmart and the Home Depot. Leading e-tailing regions E-commerce is a dormant channel globally, but nowhere has it been as successful as in Asia. In 2024, the e-commerce revenue in that continent alone was measured at nearly ************ U.S. dollars, outperforming the Americas and Europe. That year, the up-and-coming e-commerce markets also centered around Asia. The Philippines and India stood out as the swiftest-growing e-commerce markets based on online sales, anticipating a growth rate surpassing ** percent.

Graph and download economic data for E-Commerce Retail Sales as a Percent of Total Sales (ECOMPCTSA) from Q4 1999 to Q2 2025 about e-commerce, retail trade, percent, sales, retail, and USA.

In 2018, online transactions during El Buen Fin in Mexico showed a *** percent growth in sales compared to a normal week. This is however a considerable decrease in comparison to the previous year, where e-commerce sales grew *** percent on that period in contrast to on any other week of the year.

In 2019, Black Friday online transactions in Colombia showed a 442 percent growth in sales compared to a normal day. This is decrease in comparison to the previous year, where e-commerce sales grew by 630 percent on that day in contrast to on any other day of the year.

In 2022, e-commerce revenue in Vietnam grew by ** percent compared to the previous year. The highest annual growth recorded in the observed period was in 2018, reaching ** percent. The revenue of the e-commerce sector amounted to **** billion U.S. dollars in 2022.

Key Ecommerce App StatisticsTop Ecommerce AppsEcommerce App RevenueEcommerce App Revenue USEcommerce App Sales vs Total Retail USEcommerce App Sales vs Total Retail UKEcommerce App Market Share...

In 2019, Black Friday online transactions in Chile showed a 199 percent growth in sales compared to a normal day. This represents a decrease in comparison to the previous year, where e-commerce sales grew by 369 percent on that day in contrast to any other day of the year.

In 2019, Black Friday online transactions in Argentina showed a ***** percent growth in sales compared to a normal day. This is represents an increase in comparison to the previous year, where e-commerce sales grew *** percent that day in contrast to any other day of the year.

Snapshot img { margin: 10px !important; } Market outlook of the retail IT spending market

The global retail IT spending market is expected to grow steadily and record a CAGR of close to 4% during the forecast period. The increased need to find customer insights from a large pool of structured and unstructured data is a major driver for investment by retailers on big data analytics technology.

The IT spending on retail industry research report also covers the role of SMAC technology in shaping the growth of the market. Retailers focus on right product assortment for the right stores, depending on the store's attributes, local customer demand, and product preference. Technavio expects analytics platforms to quickly gain popularity among CMOs as a secure and easy to use option. With this, IT spending in retail is expected to significantly improve customer satisfaction in the upcoming four years.

Product segmentation and analysis of the global retail IT spending market

Hardware Software IT services

IT services accounted for the largest market share with more than 35% in 2015. However, as per the retail industry IT spending forecast, the software segment is likely to witness the fastest growth until 2019 due to high demand emerging from the e-commerce market. This will have a positive impact on the retail IT spending market growth.

Geographical segmentation and analysis of the retail IT spending market

Americas APAC EMEA

In 2015, North America outpaced the growth of the retail software market in BRIC countries and posted a growth of more than 5% from 2014. The growing investments in payment systems, omnichannel integrations, data security, and mobile proliferation and engagement are driving the retail IT spending market size growth.

Competitive landscape and key vendors

The emergence of many vendors in the global retail IT spending market has led to fierce competition. Along with the increasing demand from end-users, the market is also witnessing rapid innovations and more importantly, the evolution of retail solutions with advanced computing capabilities, leading to high efficiency and productivity. Vendors in this market are constantly adopting effective marketing and promotional strategies to provide quality products that meet customer expectations.

The leading vendors in the market are -

Cisco Dell HP IBM

Other prominent vendors in the market include Amazon.com, Arcplan, Bitam, CAM Commerce Solutions, Chain Drive, Comcash, Cybex Systems, eBay, ECR Software, Epicor, Fujitsu, Genesis Software Systems, Informatica, Intuit, JDA Software Group, JDS Solutions, Magstar, MICROS Systems, Microsoft, MicroStrategy, NCR, Oracle, PayPal, PCMS, Pinnacle Cart, RedPrairie, Retail Information Systems, Retail Pro International, SAS, SYSPRO, Tableau Software, TIBCO Software, and UTC Retail.

Key questions answered in the report include

What will the retail IT spending market size and the growth rate be in 2020? What are the key factors driving the global retail IT spending market? What are the key retail IT spending market trends impacting the growth of the market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the vendors in the global retail IT spending market? Trending factors influencing the market shares of the Americas, APAC, and EMEA What are the key outcomes of the five forces analysis of the retail IT spending market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

Global IT Spending by E-Grocers Market 2015-2019 Global Retail Banking IT Spending Market 2015-2019

In 2023, the revenue from e-commerce in Taiwan reached approximately **** trillion New Taiwan dollars. This showcased a year-over-year growth of *** percent.

In 2023, the social commerce industry in China saw a year-on-year growth of approximately **** percent, reaching a gross merchandise volume (GMV) of over ***** trillion yuan. China's social commerce sector has been proliferating over the past decade.

E Wallet Digital Wallets Market Outlook

The global e-wallet digital wallets market size was valued at USD 1.2 trillion in 2023 and is projected to reach USD 5.5 trillion by 2032, growing at a compound annual growth rate (CAGR) of 18.3% from 2024 to 2032. The market's rapid expansion is fueled by increasing smartphone penetration, rising internet connectivity, and the growing preference for digital transactions over traditional cash-based methods.

One of the primary growth factors of the e-wallet digital wallets market is the widespread adoption of smartphones. With billions of people around the world owning smartphones, the foundation for digital wallets is firmly established. These devices enable users to store their payment information securely, facilitating quick and easy transactions. Additionally, the rise of e-commerce has significantly contributed to the increased usage of e-wallets, as consumers seek more convenient and secure payment methods for their online purchases. As e-commerce continues to thrive, the reliance on digital wallets is expected to grow in parallel.

Another crucial factor driving the market is the efforts by governments and financial institutions to promote digital payments. Many governments around the world are advocating for cashless societies to increase transparency, reduce corruption, and enhance economic efficiency. For instance, India's demonetization move in 2016 accelerated the adoption of digital payment methods, including e-wallets. Similarly, financial institutions are collaborating with fintech companies to provide seamless integration of digital wallets with traditional banking services. These concerted efforts are laying a robust foundation for the market's growth.

The COVID-19 pandemic has further accelerated the adoption of digital wallets. With social distancing measures and lockdowns in place, consumers and businesses have had to adapt to contactless payment methods to minimize physical contact. This shift in consumer behavior has propelled the demand for e-wallets as they provide a safe and hygienic alternative to cash transactions. Moreover, the increased focus on digital transformation by businesses to sustain operations during the pandemic has bolstered the market's growth trajectory.

From a regional perspective, Asia Pacific is expected to dominate the e-wallet digital wallets market during the forecast period. The region's large population, coupled with the rapid adoption of smartphones and the internet, presents a significant growth opportunity. Additionally, countries like China and India are leading the charge in digital payment innovations, further propelling the market. North America and Europe are also significant contributors to the market, driven by high levels of technological adoption and consumer willingness to embrace digital payment solutions.

Type Analysis

In the e-wallet digital wallets market, the type segment is categorized into closed, semi-closed, and open wallets. Closed wallets are typically issued by companies for purchases exclusively within their platforms. These wallets offer enhanced security and convenience for transactions within a specific ecosystem. For instance, Amazon Pay is a prominent example of a closed wallet, enabling users to make payments only on Amazon's platform. The growth of e-commerce giants and their closed wallet offerings are significantly contributing to this segment's expansion.

Semi-closed wallets, on the other hand, allow users to transact with a selected group of merchant partners. These wallets strike a balance between the closed and open wallet models, offering flexibility and security. Popular examples include Paytm and MobiKwik in India, which have garnered substantial user bases by partnering with numerous merchants. The versatility of semi-closed wallets in facilitating various transactions, from bill payments to online shopping, is driving their adoption among consumers.

Open wallets represent the most versatile type, enabling users to make payments, transfer funds, and withdraw cash from ATMs. These wallets are often linked to banks and financial institutions, providing a comprehensive range of financial services. Examples include PayPal and Google Wallet, which offer users the freedom to transact across multiple platforms and withdraw cash if needed. The open wallet segment is poised for significant growth due to its extensive functionality and user-friendly features.

The growing preference for digital wallets, regardless of type, is la

Snapshot img { margin: 10px !important; }

Global outlook for the mobile coupons market

Technavio’s market research analysts predict the global mobile coupons market to grow steadily during the next four years and post a stupendous CAGR of more than 73% by 2020. This industry research report identifies higher redemption rates to be one of the major factors that will have a positive impact on the growth of the digital coupons market in the coming years. Mobile or cell phone coupons eliminate the need for long cycle times for designing, printing, and distributing and offer a much faster time to market. The rising sales of smartphones result in customers preferring discounts through their mobile devices in the coming years, which will, in turn, aid in the growth of small businesses. Also, the constant rise in the adoption of smartphones and tablets will fuel in-home digital purchases and the use of geo-targeted SMS coupons that offer high redemption rates to customers in close proximity to the stores.

With digital marketing proving to be an effective platform to engage customers and promote products, electronic coupons vendors will start leveraging social media channels to enhance their customer base. In addition to promoting products, social media platforms can also be used to collect customer feedback, resolve customer queries in real-time, eliminate geographical limitations while offering services, and lower risk profiles.

Competitive landscape and key vendors

Characterized by the presence of several vendors from international and regional markets, the smartphone coupon market appears to be fragmented and is highly competitive. The level of competition among the market players is expected to intensify in the coming years, and this is mainly due to the increased use of mobile wallets, especially for shopping. Analysts predict that the international mobile coupon companies will start following M&A strategies and will grow inorganically during the next four years by acquiring smaller vendors. Additionally, vendors are also focusing on following effective marketing strategies that will further intensify the market’s competitive environment. To sustain the competition and enhance market shares, vendors have the need to distinguish their product and service offerings through clear and unique value propositions. Moreover, vendors should not only focus on developing innovative products but should also be aware of new technologies that can influence their product lines.

The leading vendors in the market are -

• Apple
• Google
• PayPal
• Visa

The other prominent vendors in the market are Bharti Airtel, Alipay, American Express, Citrus Payment Solutions, Dwolla, First Data, LevelUp, LivQuik, MasterCard, MCX, MobiKwik, and m-pesa.

Geographical segmentation and analysis of the mobile coupons market

• Americas
• APAC
• EMEA

This market research analysis estimates that in terms of geographical regions, EMEA dominated the mobile coupons market during 2015. Increased investments from the mobile industry that induce policymakers to introduce regulatory changes will encourage adequate innovations and investments by different players. This recent increase in innovations and investments will, in turn, result in the easing of the overall payment process. The recent rise in the number of collaborations among mobile operators will be a major factor impelling the growth of the phone coupons market in this region. According to analysts, this region will continue its market dominance throughout the next four years as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global mobile coupons market?
• What are the key market trends impacting the growth of the global mobile coupons market?
• What are the challenges to market growth?
• Who are the key vendors in the global mobile coupons market?

In 2023, the revenue from online B2B sales grew by **** percent in France, a significant decrease from the previous yearly increase at ** percent. The highest annual growth was registered in 2018, when the B2B e-commerce of physical products went up by ** percent.

Snapshot img { margin: 10px !important; } Global mobile wallet market overview

Market research analysts at Technavio predict that the global mobile wallet market size and share will grow steadily during the next four years and post an impressive CAGR of more than 35% by 2021. This market research analysis identifies the increased use of m-commerce as one of the primary factors for the phone wallet market. The constantly rising number of smartphones across the globe and high internet penetration have resulted in the increased popularity of m-commerce among consumers. In addition to offering easy access to a variety of products even from remote locations, m-commerce also offers flexibility and easy payment services to customers. This enhances the brand recall value and benefits for vendors in the long-term. As a result, there will be an increased adoption of mobile phone wallets among m-commerce companies, which will drive the mobile wallet market growth in the coming years.

This market research and analysis estimates that in terms of geographical regions, APAC will be the major revenue contributor to the market by the end of the forecast period. Though EMEA currently accounts for the major market shares, factors such as the increasing penetration of smartphones and mobile internet, the rise in usage of mobile devices in developed countries such as Australia, Hong Kong, and Singapore, and the increased adoption of mobile wallet technology in the developing countries such as India and China will augment the market’s growth prospects in this region.

Competitive landscape and key vendors

The market is marked by the presence of a number of international and regional players and is highly competitive, according to the mobile wallet market report by Technavio. The growth of mobile wallet companies mainly depends on the variety of services they provide. Service differentiation, product portfolio, and pricing are some of the other factors that vendors mainly compete on. The increasing usage of mobile wallets for shopping will intensify the market’s competitive environment. Furthermore, analysts predict that the international players will grow inorganically during the predicted period by acquiring small players. To survive the competition and establish their presence in the market, mobile payment companies have the need to distinguish their product and service offerings through clear and unique value propositions.

The leading vendors in the market are -

Alibaba Group
Apple
Citrus Payment Solutions
Google
MasterCard
Oxigen Services
PayPal Holdings
Samsung Electronics
Visa

The other prominent vendors in the market are Airtel, American Express, Bank of America, Dwolla, LevelUp, LivQuik, Merchant Customer Exchange, MobiKwik, M-Pesa, Square, Venmo, Y-cash Software Solutions, and ZipCash.

Segmentation by application and the mobile wallet market analysis

Retail stores
Transportation
Grocery stores
Restaurants
Vending machines

During 2016, the retail stores segment accounted for the major shares and dominated this market, as per the mobile wallet statistic report The adoption of cashless payments using mobile wallets reduces the operational cost for retailers and increases their revenue. Additionally, mobile wallets have much lower processing fee than card-based transactions and also enable retail stores to easily track and analyze consumer data. As a result, this segment will witness an increased adoption of mobile wallets in the coming years as well.

Segmentation by industry and the mobile wallet market analysis

Entertainment
Travel and leisure
Banking
Retail

According to this market research report, the retail segment accounted for the major shares and dominated the market during 2016. The growing popularity of m-commerce that results in an increase in the digital purchase of various goods will drive the growth prospects of the market as mobile wallets are quicker and more efficient during online payments.

Key questions answered in the report include

What will the mobile wallet market worth, size and the growth rate be in 2021?
What are the key factors driving the global mobile wallet market?
What are the key mobile wallet market trends impacting the industry growth?
What are the challenges to the mobile wallet market growth?
Who are the key vendors in the global mobile wallet market?
What are the mobile wallet market opportunities and threats faced by the vendors?
Trending factors influencing the mobile wallet market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global mobile wallet market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

Global E-commerce Payment Market 2016-2020
Global Mobile Coupons Market 2016-2020
Global Mobile Payment Security Software Market 2016-2020

The market size of e-commerce in Turkey showed a significant increase, especially after 2018. Between 2016 and 2020, the market size showed a ********** inflation-adjusted growth. In 2024, the market size reached ************** Turkish lira, having grown by 61.7 percent from the previous year. According to Ömer Faruk Ergün, Senior E-Commerce Expert at the Turkish Ministry of Trade, the market expanded by roughly ** percent in U.S. dollar terms once adjusted for currency effects. The rapid growth of e-commerce in the country The development of modern technologies in line with the widespread use of the internet has widely contributed to the e-commerce market growth. In 2022, e-commerce made up over ** percent of total retail sales, showing an apparent change in people’s shopping behavior. Additionally, the number of e-commerce transactions in the country increased rapidly in the last few years, reaching a record number of ***** million in the third quarter of 2024. A significant shift in shopping behavior Fast consumption practices and the changing demands of the consumers, together with the unique conditions of the coronavirus (COVID-19) pandemic, paved the way for the e-commerce market to grow immensely. The competition among thousands of sellers and their efforts to improve customer experience resulted in more reasonable prices and a time-saving shopping experience, which were the consumers’ main motivations to shop online. Overall, nearly ** percent of the internet users purchased a product or service online, which indicated that Turkish consumers have adapted to shopping online.

Market Overview:

The EPS foam container market is expected to grow from USD XX million in 2022 to USD XX million by 2030, at a CAGR of XX%. The foodservice application segment is expected to dominate the EPS foam container market during the forecast period. The growth of this segment can be attributed to the increasing demand for ready-to-eat food products. In terms of region, North America is expected to lead the EPS foam container market during the forecast period. This can be attributed to factors such as rising disposable income and growing demand for convenience foods in this region.

Product Definition:

EPS foam container is a type of packaging made from expanded polystyrene. It is often used to store food or beverages, and it has a number of advantages over other types of packaging. For one, EPS foam containers are lightweight and easy to transport. They also have a high level of insulation, which makes them ideal for storing cold items such as food or drinks.

Hinged lid EPS foam containers:

Hinged lid EPS foam containers are used for packaging various food and beverage products. The growth factor in the market is dependent on factors such as changing consumer preferences, economic conditions, competitive pressures, and technological advancements. Changing consumer preferences toward convenience foods has led to a rise in demand for hinged lids in the global market which is expected to drive growth over the forecast period.

Open Cell EPS foam containers:

Open-cell expanded polystyrene foam containers are used in the packaging of goods that require safe transportation. The major application areas include food and non-food consumer products such as electronics, appliances, toys & games, etc. Open-cell Expanded Polystyrene (EPS) Foam is a closed-cellular EPS structure that has large air pockets between the cells; these large air pockets make up for better insulation and thermal resistance.

Application Insights:

Foodservice was the largest application segment in 2015, accounting for over 60% of the overall market. The food service industry uses foam packaging products to maintain food quality and keep it fresh. The rising number of restaurants and cafes in developing countries is expected to remain a key driving factor for global EPS foam container sales over the forecast period. Electronics is another prominent application segment where foams are used as cushioning material between components or as shock-absorbing material within a structure, such as an electronic circuit board box or housing. Electronics manufacturers use polystyrene (PS) and expanded polystyrene (EPS) foams because they offer good impact strength, thermal insulation properties, low cost and are easy to handle during assembly & packaging operations.

Regional Analysis:

Asia Pacific dominated the global market in terms of revenue and is expected to grow at a CAGR of XX% from 2022 to 2030. The region comprises emerging economies, such as China, India, Indonesia, and Vietnam among others. Increasing disposable income coupled with a rising population has resulted in high demand for EPS foam containers across these countries which are anticipated to drive the regional market over the forecast period. Europe was valued at USD X billion in 2016 and is expected to witness steady growth over the forecast period owing to increasing demand for the food service industry across several European countries including Germany, U K., and Italy among others which are anticipated drive growth over the next eight years The Middle East & Africa (MEA) accounted for a volume share of 7% in 2016 owing to growing electronics industry particularly Saudi Arabia among other GCC Countries will have a positive impact on the regional market Growth rate of MEA region was estimated at 5% compared with Asia Pacific's 6%.

Growth Factors:

• Increasing demand from the food and beverage industry: The global food and beverage industry is expected to grow at a CAGR of 4.5% during the forecast period, owing to the increasing disposable income of consumers and changing lifestyles. This is expected to drive the demand for EPS foam containers, as they are lightweight, durable, and moisture-resistant.
• The rising popularity of take-out food: The take-out food market is growing rapidly across the globe due to busy lifestyles and changing dietary preferences among consumers. This is expected to boost the demand for EPS foam containers as they are ideal for packing takeaway meals.
• Growing e-commerce sector: The eCommerce sector is growing rapidly across the globe