Healthcare Cloud Computing is fastest growing segment fueling the growth of global Quick E-Commerce (Quick Commerce) Market

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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.

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Europe Quick E-Commerce (Quick Commerce) Market is Estimated to Witness High Growth Owing to Opportunity of Shorter Delivery Times

Mia Yates 2023-12-22

The Europe Quick E-Commerce (Quick Commerce) Market is estimated to be valued at US$ 4. Customers nowadays prefer immediate access and quick delivery of products which has increased the demand for quick commerce services. Porter’s AnalysisThreat of new entrants: The threat of new entrants in the Europe quick e-commerce market is moderate. Bargaining power of buyers: The bargaining power of buyers in the Europe quick e-commerce market is high. Key TakeawaysThe Europe Quick E-Commerce Market Size is expected to witness high growth led by the growing adoption of smartphone-based shopping and preference for instant gratification.

UK Quick E-Commerce Market is Estimated To Witness High Growth Owing To Rapid Adoption of Convenience Shopping

Anjali CMI 2023-11-02

The UK Quick E-Commerce Market is estimated to be valued at US$ 6. Key advantages of quick commerce include convenience of shopping, rapid delivery, and availability of all essential items under one platform. The growing need for quick and hassle-free shopping especially among busy urban populations is driving the growth of the UK quick e-commerce market. Bargaining power of buyers: Buyers in UK quick commerce market have high bargaining power due to availability of numerous alternatives. Key TakeawaysThe UK Quick E-Commerce Market Demand is expected to witness a robust CAGR of 19.

The UK quick e-commerce Market Growth Accelerated By Enhanced Connectivity

Sumedha 2024-01-23

The global quick E-commerce Market is estimated to be valued at US$ 7. SWOT AnalysisStrength: - High smartphone and internet penetration in the country has accelerated the quick e-commerce market growth. Key Takeaways The UK quick e-commerce Market Size is expected to witness high growth in the forecast period due to growing preference for instant deliveries. Regional analysis: The UK quick e-commerce market is dominated by the regions of London and South East England. These densely populated areas have seen highest penetration of quick commerce platforms driven by young customer base.

India Quick Commerce Market Share 2023- Industry Trends, Growth Strategy, Key Players, Business Challenges and Future Scope Till 2032: SPER Market Research

Versha 2024-01-16

Fast delivery is a top priority for Quick Commerce businesses, who frequently strive to complete orders in 30 minutes or less. By Product Category: Based on the Product Category, India Quick Commerce Market is segmented as; Beauty & Personal Care, Fruits & Vegetables, Packed food & Beverages, Staples, Others. By Business Model: Based on the Business Model, India Quick Commerce Market is segmented as; Dark Store Platform, Third Party Delivery Platform. By Customer’s Gender: Based on the Customer’s Gender, India Quick Commerce Market is segmented as; Female, Male. By Delivery Time: Based on the Delivery Time, India Quick Commerce Market is segmented as; 0-20 Minute, 20-40 Minute, 40-60 Minute, 60-75 Minute.

Fast and Furious: Unveiling Opportunities in the UK Quick E-Commerce Arena

naufan003 2024-04-15

In the fast-paced world of e-commerce, the United Kingdom is at the forefront of innovation with the advent of Quick E-Commerce (QEC) services. Understanding Quick E-Commerce: Redefining Online Shopping ExperienceUK Quick E-Commerce has redefined the traditional online shopping experience by prioritizing speed and convenience. The UK's Quick E-Commerce RevolutionThe United Kingdom is witnessing a rapid proliferation of Quick E-Commerce platforms, driven by changing consumer preferences and technological advancements. Challenges and ConsiderationsWhile the UK Quick E-Commerce arena presents abundant opportunities for growth and innovation, it also poses certain challenges and considerations for businesses and consumers. By doing so, they can thrive in the fast-paced and fiercely competitive arena of Quick E-Commerce in the UK.

Europe Quick E-Commerce Market Is Estimated To Witness High Growth Owing To Increasing Adoption of Online Shopping And Growth Of On-Demand Delivery

Poonam 2023-10-31

The Europe Quick E-Commerce Market is estimated to be valued at US$ 4. Further, the COVID-19 pandemic has accelerated digital transformation and elevated the status of quick delivery model, thereby fueling the demand for quick E-commerce platforms. All these factors are expected to drive the growth of Europe quick E-commerce market over the forecast period. SWOT Analysis Strength: Europe quick commerce market has huge growth opportunities due to changing consumer shopping patterns and preference for on-demand deliveries. Key Takeaways The global Europe Quick E-Commerce (Quick Commerce) Market Size Share is expected to witness high growth, exhibiting CAGR of 38.

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