E-Commerce Electronics Market Sustainability Initiatives Gaining Traction Among Brands
The global e-commerce electronics market size is expected to reach USD 856.4 billion by 2028, registering a CAGR of 4.2% from 2022 to 2028. according to a new report by Grand View Research, Inc. This can be attributed to the growing demand for electronics appliances from e-commerce platforms in emerging economies owing to increasing internet penetration. The electronics appliances market is one of the fastest-growing industries accredited to the development of new technologies. Prompt advancements in technology to cater to consumer demands will generate market opportunities in the coming years. Also, with the help of advanced technology such as augmented reality, the e-commerce platform is likely to increase its consumer base and generates revenue, which in turn, led to a remarkable impact on the market. Moreover, a lockdown circumstance has been observed throughout the COVID 19 pandemic, and it showed an impact on the electronics appliances market due to the delayed supply of raw mate...