In 2018, the Big Data in the E-commerce Market is expected to increase from $2.5 billion to $6.2 billion by 2025 at a growth rate of 13.8% during the period of 2018 to 2025.
The prime factor for increasing and driving the global market growth is the rise in the adoption of big data seller and trader. In addition, the tremendous increase in data generation and the preference of the individuals towards online payment are probably to generate new business opportunities for the global market. Whereas the lack of big data professionals restricting the growth of the market. Along with the growth of the big data e-commerce market there is a concern of privacy posing a challenge.
It is estimated that; the big e-commerce market is fastest growing market in the North America region. The increase in the number of online shippers and smart phone users are responsible for the huge data generation, and this data is managed by the big data tools and provides customer behavior patterns along with the trends to the distributors.
Where, Gen Xers and Millennials are the biggest online shopping platform, with 67% of millennials and 56% of Gen Xers prefers to shop online. These two sectors of the population spend more money online as they spend more time shopping online. Millennials and Gen Xers spend their 50% time in shopping online than their older counterparts that is, 6 hours versus 4 hours.
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Some of the largest e-commerce markets globally-
China-
It is one of the largest e-commerce markets and it stands second in sales at more than $672 billion, this is possible because of the e-commerce platform like, Alibaba, Taobao, WeChat, Tmall and others.
United States-
It is considered as, the second largest e-commerce market, and alone produces more than $380 billion.
Japan-
It is in second place and records annual revenue of $79 billion.
United Kingdom-
It is in the third place and produce $99 billion per year.
Germany-
Is the second large e-commerce market in Europe, at the annual sales of $73 billion.
Canada-
It is known as the largest e-commerce market and annually exports 30 billion gallons on online sales.
France-
It is known for generating $43 billion only by online sales.
Russia-
It is known for generating $20 billion per year through e-commerce sales.
Brazil-
It is known as the rich in South American countries with sales of $18 billion through e-commerce.
South Koria-
This country records $37 billion through e-commerce sales.
The Global Big Data in E-Commerce Market is subdivided by-
The Global Big Data in E-Commerce Market segmented by-Development
Cloud Based
On-Premises
The Global Big Data in E-Commerce Market Segmented by- Data Type
Structured
Un-structured
Semi-structured
The Global Big Data in E-Commerce Market Segmented by- End Users
Online Education
Online Financial
Online Travel and Leisure
Online Retail
Other
The Global Big Data in E-Commerce Market Segmented by- Region
Europe
North America
Latin America
Asia-Pacific
Middle East and Africa
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