Peru E-Commerce Market Overview 2023-2028
Electronic commerce (e-commerce) refers to the buying and selling of goods and services via the internet. It involves the exchange of products, services, and information between businesses, consumers, or a combination of both, conducted through electronic means such as websites, online platforms, and mobile applications. It provides a global reach, which enables businesses to access customers from around the world without the need for physical store locations. It also reduces operational costs, as there is no need for extensive physical infrastructure. It also offers convenience, a wide variety of products, and the capability to compare prices and read reviews before making a purchase among consumers.
The Peru E-commerce market size reached US$ 10.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 46.1 Billion by 2028, exhibiting a growth rate (CAGR) of 28% during 2023-2028.
Peru E-Commerce Market Trends and Drivers:
The increasing preferences for online shopping due to the easy access to high-speed internet connection and a considerable reliance on laptops, desktops, tablets, and smartphones represent one of the primary factors driving the demand for e-commerce platforms in Peru. Moreover, the rising number of logistics and warehouses to offer fast deliveries and shifting consumer inclination towards hassle free shopping experiences is favoring the growth of the market in the country. Apart from this, the growing adoption of e-commerce solutions by various organizations for minimizing overhead operational costs and improving business efficiency is influencing the market positively in the country.
Peru E-Commerce Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Amazon.com, Inc., Linio International Marketplace, Mercado Libre, Oechsle, OLX, Platanitos, Plazavea, Ripley, Rosatel and S.A.C.I.Falabella
The report segmented the market on the basis of region, product type, transaction and payment mode.
Breakup by Product Type:
- Home Appliances and Electronics
- Clothing and Footwear
- Beauty and Personal Care
- Groceries
- Books
- Others
Breakup by Transaction:
- Business-to-Business
- Business-to-Consumer
- Consumer-to-Consumer
- Others
Breakup by Payment Mode:
- Cash Payment
- Bank Transfer
- Card Payment
- Digital Wallet
- Others
Breakup by Region:
- Costa
- Sierra
- Amazonia
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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