By 2030, the e-commerce sector is predicted to be the primary driver of a six-fold increase in India’s internet economy, which will reach USD 1 trillion. The analysis predicts that the B2C e-commerce sector would grow at a faster rate than B2B e-commerce, software-as-a-service providers, and online media headed by over-the-top firms. India’s internet economy is anticipated to increase six times to USD 1 trillion by 2030.
While startups have paved the way for digital innovation, small and medium-sized businesses and large corporations have begun to use these technologies to stay competitive in the wake of the pandemic.
B2C e-commerce is predicted to increase by 5–6 times to USD 350–380 billion by 2030 from USD 60–65 billion in 2022. According to the analysis, B2B e-commerce will increase 13–14 times to USD 105–120 billion by 2022 from USD 8–9 billion.
Based on USD 12–13 billion in 2022, the software-as-a-service market is predicted to increase by 5–6 times to USD 65–75 billion by 2030.