Skip to main content

Online Fashion Retail Market By 2026: Applications, Geographic Regions, Opportunities, Challenges, Drivers

Online fashion retailing is a process in which customers can search, select, and purchase fashion products, services, and information over the internet. Fashion products include, cloths, cosmetics, jewelry, footwear, and bags and accessories. Increasing use of mobile applications is a major factor propelling growth of the online fashion retail market. Mobile apps offer important features such as smart filters, latest trend news, virtual trial room, offers and deals, which help consumers to search products of their choice.  Moreover, smartphones are an ideal platform for retailers to directly sell products to consumers. Therefore, increasing sells of smartphones is expected to drive the market growth.


According to Coherent Market Insights’ analysis, around 134 million smartphones were sold across India in 2017. Social media also plays an important role in growth of the online fashion retail market. According to Coherent Market Insights’ analysis, in 2018 over 200 million Instagram users worldwide follow at least one fashion account and in the U.K., 45% of Instagram users follow fashion accounts.

Furthermore, growing e-commerce industry is expected to drive growth of the online fashion retail market. According to Coherent Market Insights’ analysis, the total number of online transactions in India was 200 million in 2017 and is expected to increase by 65% by 2020. According to the same source, 60 million of the 200 million transactions in 2017 belonged to online fashion shoppers and it is projected to reach 120 million by 2020.

Moreover, increasing focus of online fashion retailers towards offering consultation and customer services is also expected to boost the market growth. For example, Amazon offers information about how to correctly measure body circumference and how to correctly interpret size charts. Increasing adoption of computer-aided graphic technologies and chatting platforms is also expected to boost the online fashion retail market growth. Technologies such as three dimensional effects (3D), Augmented Reality (AR) and Virtual Reality (VR)  help in better presentation of products on various online platforms.

Read more on study @
http://bit.ly/31BApSW

Online Fashion Retail Market: Regional Insight
On the basis of region, online fashion retail market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific is expected to witness significant growth in the online fashion retail market during the forecast period. India is expected to witness significant growth in the market, owing to growing e-commerce market and increasing use of smartphones. According to India Brand Equity Foundation (IBEF), e-commerce market in India is expected to reach US$ 200 billion by 2026, from US$ 38.5 billion in 2017.

Key players in the global online fashion retail market
Key players operating in the global online fashion retail market include, Amazon, Flipkart, Paytm mall,  Snapdeal, Jabong, Yepme, Myntra, 20Dresses.com, 99labels, Alibaba.com, American Swan, Naaptol, Fabindia, FashionandYou, Fetise, HomeShop18, KOOVS, Limeroad, StalkBuyLove.com, Shopclues.com, ShoppersStop, Shopping.indiatimes, Shopping.rediff, Styletag, Stylista, and Yebhi.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Nanotech Sensor! Latest Update You Need To Know

Nanotech Sensor Scientists have developed a nanotech sensor that can turns molecular fingerprints into bar codes, according to a study published on June 7, 2018.  This study was conducted by the scientists at the EPFL’s School of Engineering and at Australian National University (ANU). Until now, infrared spectroscopy was the commonly used method to detect and analyze organic compounds. However, it required complicated procedures and large, expensive instruments, which made device miniaturization challenging. This led to the discovery of a compact and sensitive nanophotonic system that can identify a molecule’s absorption characteristics without using conventional spectrometry. Source :  https://www.coherentnews.com/scientists-develop-nanotech-sensor-that-turns-molecular-fingerprints-into-bar-codes/
Post a Comment
Read more

Top Technologies Shaping Future of Cybersecurity!!

The threat of Cyber attacks are growing day by day across the world hence led big concern on  Cybersecurity. Cyber security includes- Application security, Information security, Network security, Disaster recovery/business continuity planning, Operational security and End-user education Types of cybersecurity threats: Ransomware  Malware  Social engineering Phishing  Artificial Intilligence and Blockchain are the Technologies that will help the cybersecurity to boost. AI-based attacks that will operate completely independently, adapt, make decisions on their own and more.  Blockchains are moving from the realm of just fueling cryptocurrencies like Bitcoin to providing smart contracts, identity management, and multiple ways of proving integrity of data. They may also hold the key to defending against IoT attacks.
Post a Comment
Read more

Food and Beverage Robotic System Integration Market Competitive Research And Precise Outlook 2018 To 2026

The global food and beverage robotic system integration market for pick and place application is estimated to be valued at US$ 17.5 million in 2017 and is projected to reach US$ 40.1 million by 2025. Robot system integration is a method of programming and supplying industrial robots for performing manufacturing tasks autonomously. The global food and beverage robotic system integration market for pick and place application is estimated to generate revenue of US$ 17.5 million in 2017 from US$ 15.8 million in 2016. The market is expected to generate revenue of US$ 40.1 million by 2025, exhibiting a CAGR of 10.91% over the forecast period. Request sample copy here @ https://www.coherentmarketinsights.com/insight/request-sample/1381 Among end-use industry, the bakery and confectionery segment held a dominant position in the market and is project to retain its dominance throughout the forecast period. The segment is estimated to generate revenue of US$ 5.03 million in 2017 and is ex...
Post a Comment
Read more