India B2C E-Commerce Insights, Payment Trends, & Emerging Digital Technologies 2024

Description

India B2C E-Commerce Insights, Payment Trends, & Emerging Digital Technologies 2024: Reveals that by 2027, Real-Time Payment Transactions in India to Reach 235 Billion, Reports by yStats.com

Future Directions for India's B2C E-Commerce

India's B2C E-Commerce market, valued at tens of billions of euros in FY 2023, is projected to more than double by 2027. GMV is expected to exceed EUR 300 billion by 2030. Online shoppers increased to over 200 million in FY 2023.

Omnichannel and Payment Innovations

In 2022, nearly a quarter of shoppers used omnichannel strategies. The mobile wallet sector is forecasted to grow at a compound annual rate of just under a quarter from 2023 to 2027.

Digital Transactions and Future Technologies

Real-time payment transactions are expected to approach 250 billion by 2027, driven by the UPI system. The 'Buy Now, Pay Later' sector is expected to exceed 100 million users by 2027.

Emerging Digital Technologies

Digital health applications and telemedicine are gaining popularity, while digital gaming revenue is projected to surpass EUR 1 billion by 2026.

Product Code: 1665

1. Key Takeaways

2. Management Summary

3. India B2C E-Commerce

3.1. B2C E-Commerce Market Overview
- Market Size of B2C E-Commerce Landscape, in USD Billion, 2024 & 2030f
- B2C E-Commerce Market Size, in USD billion, 2022e, 2024f, 2026f & 2030f
- B2C E-Commerce Market Size, in USD billion, in % of Total Retail Market*, FY 2020-FY 2023
- Annual Number of Online Shoppers, in millions, in % of Year-on-Year Change, FY 2021-FY 2023
- Average Monthly Number of Online Shoppers, in millions, in % of Annual Online Shoppers, FY 2021-FY 2023
- Card Payment Value, in USD billion, 2023e & 2027f
- Number of Digital Payment Transactions, in billions, FY 2022-23 & FY 2026-27f
- Value of Digital Payment Transactions, in INR trillion, FY 2022-23 & FY 2026-27f
- B2C E-Commerce Market Size, in USD billion, 2022e & 2027f
- B2C E-Commerce Marketplace GMV, in USD billion, 2022e & 2027f
- Number of Online Shoppers, in millions, 2022e & 2027f
- Number of B2C E-Commerce MSMEs*, in million, 2022e & 2027f
- Overview of E-Commerce and Online Payment Landscape, April 2024
- Overview of Players Landscape, May 2024
- Top B2C E-Commerce & Shopping Websites Ranking, % of Total Traffic Share, April 2024
- Top B2C E-Commerce Marketplace Websites Ranking, % of Total Traffic Share, April 2024
- Top Retail Websites, by Visits in millions, Bounce Rate in %, And Pages Per Visit, April 2024 (1 of 2)
- Top Retail Websites, by Visits in millions, Bounce Rate in %, And Pages Per Visit, April 2024 (2 of 2)
- Online Shopping Share Of Total Retail Market, in %, 2024
- B2C E-Commerce Market Share, by Company, in %, April 2024
- Amazon's Challenges and Opportunities in the Payments Market, 2024, April 2024
3.2. Omnichannel Commerce Trends
- Share of B2C E-Commerce Shoppers Who Picked Up Their Most Recent Online Purchase In-Store or Curbside, in %, October 2022
- Offline Retail Market Size, by Channels, in USD trillion, 2022 & 2030f
- Online Retail Market Size, by Channels, in USD billion, 2022 & 2030f

4. India Payment Systems and Financial Technologies

4.1. Online Payment Trends
- Market Size of Payments Industry, in USD billion, 2024 & 2029f
- Payments Market Overview, 2024
- Market Share of Retail Payment Apps, in %, 2024
- B2C E-Commerce Market Share, by Company, in %, 2024
- B2C E-Commerce Payment Value, in USD billion, 2023e & 2027f
- Mobile Wallet Payments Value, in USD billion, 2023e & 2027f
- Share of Adults Who Own a Mobile Wallet and Have Used It in the Past Year, in %, 2022
- Breakdown of Digital Wallet Use Frequency Among Adults, in %, May 2022
4.2. Real-Time Payments
- Total Number of Real-Time Transactions, in billions, 2022 & 2027f
- Volume of UPI-Based Real-Time Payment Transactions, in billions, January - June 2022
- Total Value of Transactions via UPI, in INR billion, January - June 2022
4.3. Buy Now, Pay Later
- BNPL Transaction Value, in USD billion, 2022e & 2026f
- Number of BNPL Users, in millions, 2022e & 2027f
4.4. POS Payment Methods
- Total Volume of Select Payment Method at POS, in millions & Value of Payment Method at POS, in INR trillion, Q3 2022
- Share of Preferred Payment Methods, by Value and Volume, in %, Q3 2022
4.5. Open Banking Market
- Share of Businesses of Banks That Would be Carried Out Through Embedded Finance Model Operated by Open Banking, in %, 2027f
- Share of Consumers Who Are Open to Sharing Data on Account Aggregator Platforms, in %, 2021

5. Emerging Technologies and Digital Trends in India

5.1. Digital Health Market
- Number of Active Digital Health App Users, by Country, in thousands, November 2022
- Top Usage of Healthcare Apps, in % of E-Commerce Users, 2022e
- Breakdown of Revenue From Telemedicine, in % of Healthcare Leaders and Professionals, 2022
- Share of Healthcare Leaders and Professionals Who Have Implemented Electronic Medical Records (EMR), in %, 2022
- Share of Healthcare Professionals Who Want to Partner With Diagnostic Imaging and Screening Centers to Improve Patient Outcome and Care Delivery, in %, February 2023
5.2. Digital Gaming Market
- PC and Mobile Gaming Revenue, in USD billion, 2022 & 2026f
- Number of PC and Mobile Gamers, in millions, 2022 & 2026f
- Breakdown of Gamers Playing Real-Money Games vs Those Playing Non-Real-Money Games, by Gender, in %, 2022e
5.3. Blockchain and Cryptocurrency
- Share of Population That Has Either Traded in Cryptocurrency or Held Crypto in the Last 6 Months, in %, June 2022
- Top Cryptocurrency Investment Strategies That Crypto Investors Plan to Undertake in the Next 6 Months, in % of Crypto Investors, Q1 2022 vs Q2 2022
- Top Reasons Why Crypto Investors Invested in Cryptocurrency, in %, June 2022
- Breakdown of Crypto Investors Holding Cryptocurrency, by Age, in %, Q1 2022 vs Q2 2022
- Breakdown of Top Cryptocurrencies Held By Investors, in % of Respondents, 2022