The Latin American e-commerce retail market is anticipated to grow at a considerable CAGR of around 25.6% during the forecast period (2021-2027). The market growth is mainly attributed to the rise in internet users in the region as a large number of internet users makes it easy for e-commerce retail market players to reach target customers. This provides opportunities for the market players since online sales are increasing. According to the analysis of the International Trade Administration (ITA), already over two-thirds of the population have access to smartphones, and this figure is expected to increase to almost 80% by 2025. With this, there has been an increase in internet users which has led to a huge rise in shopping orders from e-commerce companies. According to the reports of IMRG, in 2018, Brazil had the fourth-largest population of internet users in the world including over 100 million over the age of ten, and already two-thirds of them are online shoppers. More than 75% of the internet population are engaged in retail purposes shopping.

Free Sample Copy @ https://www.omrglobal.com/request-sample/latin-america-e-commerce-retail-market

The Latin American e-commerce retail market is growing at a considerable CAGR of around 25.6% during the forecast period (2021-2027). The market growth is mainly augmented by a rise in internet users, an increase in online sales convenience of mobile e-commerce, and incremental trust in the logic of online purchases. For instance, according to the ITU, around 51% of individuals are using the internet across the globe. Moreover, the direct channel of distribution enables -commerce companies to cut costs compared to local retailor which results in increased sales. The digital transformation programs such as the Colombian government scaling community access areas increase rural connectivity also enhances the growth of the market.

A Full Report of Latin America e-commerce Retail Market is Available at:
https://www.omrglobal.com/industry-reports/latin-america-e-commerce-retail-market

The Latin American e-commerce retail market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into Brazil, Argentina, Mexico, and the Rest of Latin America. Brazil is estimated to be the most dominating country in the region. E-commerce companies are currently focusing on improving the payment options in the country. The increasing number of internet users and changes in digital banking infrastructure are some of the factors that fuel the growth of the market in Brazil.

Latin America e-commerce Retail Market – Segmentation
by End-Users
Business To Consumer
Business To Business
Customer To Customer
by Products
Electronics
Fashion
Books And Magazines
Home Decor
Healthcare
Automobile
Sports
Beauty And Personal Care
Kitchenware
Others
by Device Used
Smartphone
Tablets
Personal Computer

Latin America e-commerce Retail Market – Segmentation by Region 
Brazil
Mexico
Argentina
Rest of Latin America

Company Profiles
Alibaba.com.
Amazon.com, Inc.
Apple Inc.
B2W
Boletia
bonprix
Carrefour
Cnova N.V
DHL International GmbH
EL Bazar
extra.com.
FedEx Corp.
Linio International Marketplace
Lojas Americanas
Mercado Libre, Inc.
Shoptime
Submarino
Troquer México.
Walmart Inc.
YOOX Net-a-Porter Group

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/latin-america-e-commerce-retail-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected] 
Contact no: +91 780-304-0404