Technavio releases Global Online Electronics Retailing 2017-2021 report
Technavio announced the top six leading vendors in their recent global online electronics retailing market report until 2021. This research report also lists eight other prominent vendors that are expected to impact the market during the forecast period.
The research study by Technavio on the global online electronics retailing market for 2017-2021 provides detailed industry analysis based on product category consumer electronics and consumer appliances and geography the Americas, APAC, and EMEA.
“The global online electronics retailing market is projected to grow to almost $633 billion by 2021, at a CAGR of more than 14% over the forecast period. The high rates of Internet penetration and the subsequent adoption of various e-commerce platforms in emerging markets is one of the key factors driving the growth of the global market,” says Poonam Saini, a Lead Analyst at Technavio for Retail Goods and Services Research.
The global online electronics retailing market is characterised by the presence of a large number of retailers in both the domestic and international categories. To stay abreast in the competitive market, vendors employ key strategies such as digital marketing, offering seasonal sales, omnichannel strategies, and investments in new technologies. The market is suitable for new entrants with a clear value proposition since it does not require high initial operational and installation costs.
The top six vendors in the global online electronics retailing market include:
Amazon operates as an online retailer, offering a broad range of products throughout the world. It is the largest pure-play e-commerce company globally as well as in the US. Amazon is also the largest online retailer in the world.
Apple designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players. The company also sells a range of related software, services, accessories, networking solutions, and third-party digital content and applications.
Best Buy is a multinational consumer electronics organisation. The company is a prominent provider of electronic products, services, and solutions. Its product offerings are inclusive of computer and mobile phones, consumer electronics, entertainment, appliance, and services.
Dell provides client computing devices, servers for enterprise customers, and networking solutions. It also offers peripherals, including monitors, printers, and projectors. In addition, the company offers specialised and tailored solutions for industries such as education, energy, financial services, government, healthcare, manufacturing, retail, and telecommunications.
Staples is one of the leading providers of office products for businesses and end-users such as restaurants, home offices, medical offices, and retail stores worldwide. It is capable of leveraging its agreements and contracts with various companies to achieve its goals in a short period of time with a range of technologies to choose.
Walmart is a multinational retail organisation and operates a chain of retail stores in different formats, including supermarkets, discount stores, restaurants, apparel stores, drugstores, hypermarkets, and warehouse clubs. The company operates through Walmart US, Walmart International, and Sam’s Club.
Technavio is leading global technology research and advisory company. The company develops over 2,000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialise in customised consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.