3D E-commerce Market Scope
3D E-commerce uses augmented reality and VR 3D models embedded on website pages and mobile apps to give customers a graphical, interactive 3D representation of products. 3D E-commerce is also known as 3D modelling commerce, 3D commerce, or immersive commerce. 3D E-commerce is a fast-growing industry. Ecommerce is an ever-changing market. Due to COVID-19, it diversifying the sales channel. It involves creating, analyzing, and displaying three-dimensional objects in a two-dimensional space like your desktop screen. 3D E-commerce offers a variety of engaging interactions, users can browse and interact with products through touch, swipe, or dragging items across touchscreens.
Companies in the market are concentrating on 3D Ecommerce. Countries such as China, India, Japan, South Korea, and Australia. These countries have been showcasing tremendous growth in their e-commerce and banking sectors. Technological advancements and adoption rate has soared up significantly in these countries. North American regions getting attracted toward digital technologies. North America is the highest rate of advanced technology adoption due to favorable government policies that foster innovation and enhance internet infrastructure. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global 3D E-commerce market throughout the predicted period.
GPayments Pvt. Ltd. (Australia), Modirum (Finland), mSignia, Inc. (United States), Netcetera (Switzerland), Ravelin Technology Ltd (United States), iZealiant Technologies Pvt. Ltd. (India), RS Software (India), UL, LLC. (United States), Gerber Technology (United States) and Alvanon (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global 3D E-commerce market by Type (Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C), Consumer-to-Business (C2B), Business-to-Administration (B2A) and Consumer-to-Administration (C2A)), by Application (Mobile and Google Analytics) and Region with country level break-up.
On the basis of geography, the market of 3D E-commerce has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Enhanced the reality of online shopping and 3D product visualization
Market Growth Drivers:
Enhancement of visual product that increases the customer’s experience even further, Provide customers with a graphical 3D product representation, The development and adoption of authentication technology boosts the growth of the 3D secure authentication and The demand for better security while making online payments has ascended steeply
Challenges:
Consumers still find the e-commerce experience frustrating
Restraints:
Increasing Incidence of Data Breaching
Opportunities:
Retailers can provide customers with a graphical 3D product representation
Market Leaders and their Expansionary Development Strategies
In January 2023, CLOWD9 partnered with Netcetera CLOWD9 will use its 3-D secure issuer service for transaction authentication and Access Control Server. CLOWD9 offered the solution to its clients worldwide, comprising a comprehensive set of tools for frictionless payments to improve the shopping experience of cardholders. This partnership helped company to expand its presence in 3D E-commerce market
October 29, 2020: Gerber Technology announced the collaboration with Alvanon. The collaboration between Gerber and Alvanaon announced a powerful 2D-to-3D for the fit solution. Due to COVID-19 the online shopping increases, it is important for fashion companies’ clothing perfectly fits the body shape and sizes of each of their customers. Through this collaboration, Gerber’s AccuMark 3D users will be able to leverage the Alvanon Body Platform (ABP) to develop production-ready 3D samples and reduce fit errors.
Key Target Audience
Business to Business and Consumers
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.