Healthcare Cloud Computing is fastest growing segment fueling the growth of global Quick E-Commerce (Quick Commerce) Market
The global Quick E-Commerce (Quick Commerce) Market is estimated to be valued at US$ 38.89 Bn or Mn in 2023 and is expected to exhibit a CAGR of 34% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Quick E-Commerce (Quick Commerce) refers to online platforms and mobile
applications that deliver groceries and everyday essentials to customers within
a few minutes or one hour. Quick commerce focuses on delivering items from
nearby stores to customers at lightning speed, leveraging smartphone apps,
algorithms and warehouse technology.
Market key trends:
Growing consumer demand for quick delivery: There is a growing consumer
demand for delivery of items within an hour due to busy schedules and hectic
lifestyles. Quick commerce fills this gap by promising delivery within 10-30
minutes. Rapid urbanization: Increase in urban population worldwide has led to
demand for convenience in shopping and delivery. Quick commerce provides a
convenient way to shop for daily essentials without wasting time. Tech
advancements: Use of technologies such as artificial intelligence, machine
learning and automation in warehouses and logistics help quick commerce
platforms in streamlining operations and quick turnaround of delivery.
Segment
Analysis
The global quick e-commerce market can be segmented based on product type,
platform type, order interval, and region. Based on product type, the food
delivery segment is expected to dominate the market over the forecast period.
This is because ordering and delivery of food items constitute the major chunk
of quick commerce orders. Based on platform type, the mobile applications segment
accounts for the largest share in the market owing to high smartphone
penetration and consumer preference for app-based ordering over websites.
Key Takeaways
The Global
Quick E-Commerce (Quick Commerce) Market Size is expected to witness
high growth, exhibiting CAGR of 34.%
over the forecast period, due to increasing demand for quick delivery of items
from online shopping.
Regional analysis: Among regions,
Asia Pacific region is anticipated to witness fastest growth in the quick
commerce market over the forecast period. This is attributed to large customer
base, high smartphone penetration, tech-savvy population and presence of key
players in countries like India and China. Europe is expected to hold dominant
share in the market.
Market size: The global quick
e-commerce (quick commerce) market size for 2023 is US$ 38.89 Bn. The market is expected to reach approximately US$ 541.89 Bn by 2030, growing at a CAGR of around 34% over the forecast period.
Key players: Key players operating
in the global quick e-commerce market are GoPuff, DoorDash, Instacart, Uber,
Glovo, Rappi, Gorillas, Getir, Jokr, Zapp, Flink, 1520, Buyk, Deliveroo,
Seazon, Yango Deli, Delivery Club, Bolt Food, Swiggy Instamart, Blinkit. These
players are focusing on expanding their business operations in high growth
regions.
Get more insights on this topic:
https://www.dailyprbulletin.com/quick-e-commerce-quick-commerce-market-size-forecast/
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