Digital Solutions & E-commerce in Europe
The European e-commerce landscape requires strategic expertise and tailored solutions. EuroDev offers comprehensive support for businesses aiming to establish a foothold in this dynamic market.
Our sales outsourcing model is designed to optimize your entry into the retail e-commerce sector, providing specialized assistance in digital solutions tailored to the unique demands of the European market.
Overview of E-commerce in Europe
The e-commerce market size in Europe is estimated to grow to USD 647.34 billion in 2024, projected to escalate to USD 951.16 billion by 2029, reflecting a CAGR of 8% during the forecast period (2024-2029). This surge underscores e-commerce's transformative influence on commercial activities across Europe and globally.
Leveraging the power of the internet, individuals can seamlessly engage in transactions spanning a myriad of categories, from electronics to apparel, software, furniture, and beyond, transcending geographical barriers.
The paradigm shift from traditional brick-and-mortar commerce to e-commerce is unmistakable, with physical stores increasingly pivoting towards online platforms to establish a robust digital presence.
Despite fluctuations induced by the COVID-19 pandemic, European e-commerce has witnessed remarkable resilience, with B2C turnover soaring, particularly in Eastern Europe. Notably, while Western Europe commands a substantial share of total turnover, Eastern Europe is experiencing accelerated growth rates in e-commerce sales. However, amidst this digital era, challenges persist, notably among SMEs that still struggling to implement technologies.
The COVID-19 outbreak further underscored the pivotal role of online commerce, with countries like Spain, Italy, Germany, and France witnessing surges in online sales, even amidst nationwide lockdowns. This unprecedented demand underscores the resilience and adaptability of the European e-commerce ecosystem, poised for sustained growth and innovation in the years ahead.
Our Insights
Metaverse: The Future of Retail
After all the challenges that the retail industry faced during the pandemic, the metaverse is an entirely new world to dig into. So the question that arises is whether the metaverse is the future of retail. And how can businesses adapt to this new trend?
European Retail-Tech Market
Allocating resources to digital infrastructure entails significant costs, particularly heightened when traditional brick-and-mortar establishments face challenges.
Retail Technology Trends in the EU
In Europe, e-commerce has become a driving force reshaping the retail landscape. From retail to service sectors, businesses are capitalizing on the opportunities presented by the burgeoning changing retail ecosystem.
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Whether you're targeting retail expansion or seeking digital solutions in Europe, EuroDev stands as your trusted partner for unlocking opportunities and maximizing growth potential.
Stephen Viljoen
Vice President of Retail