India and e-commerce have a history. Discover how the country’s small businesses are seizing e-commerce opportunities for growth and innovation.
Since its emergence, e-commerce has become a worldwide sensation, with many competitors eager to enter the market. The concept was initially forged in the early 1990’s but did not expand to India until the later years of the decade, due to the fact that India initially lacked the access to the internet required to partake in the digital marketplace. It wasn’t until the 2010s that e-commerce became a noteworthy market in India, due to the global acceptance of e-commerce markets, the popularity of smartphones, and increased internet access. The development of e-commerce in India began to accelerate and has not stopped since.
Now, India is the eighth largest market for e-commerce globally, and it is still up-and-coming.
Despite India’s contributions to the global e-commerce market as it exists today, opportunities for advancement within the country’s market can still be observed. Many fragments of India’s market exhibit significant room for growth, including a need for new business models and an abundance of untapped markets. However, these areas in need of improvement represent the opportunity for further innovation rather than problems within the e-commerce market. In fact, eCommerceRevenue is projected to reach USD 63.17 bn in 2023. Even better, by 2030, India can expect its online retail sector to yield USD 325 billion in sales.
Seizing E-commerce Opportunities in India: Empowering Small Businesses with Comprehensive Solutions
The exponential growth of the e-commerce market in India presents an array of exciting opportunities for businesses like MBE. As a provider of added-value e-commerce logistics solutions, MBE is strategically positioned to cater to the needs of a customer segment that has often been overlooked due to their small size—micro and small businesses seeking personalized solutions. By offering comprehensive services, including storage, fulfillment, packing, shipping, and returns management, MBE ensures that even the smallest businesses can compete in the digital marketplace effectively. As a commerce enablement platform, MBE goes beyond logistics and provides complementary services such as printing and digital marketing solutions, further empowering these companies to thrive in the dynamic e-commerce landscape of India. With the increasing demand for online shopping and the rising significance of digital presence, MBE is well-positioned to capitalize on the vast potential presented by India’s e-commerce boom.
Become a Master Franchisee in India with MBE
Contact us today to learn how we can assist you in growing or opening a franchise in India.