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Home and Garden Products B2C E-Commerce Market to Grow by USD 44.99 Billion from 2024-2028, Driven by Online Spending and Smartphone Adoption, with AI Impacting Market Trends – Technavio

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NEW YORK, Oct. 17, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The Global Home and Garden Products B2C E-commerce Market size is estimated to grow by USD 44.99 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  13.5%  during the forecast period. Rise in online spending and smartphone penetration is driving market growth, with a trend towards emergence of omnichannel retailing. However, criticality of logistics management leading to high overhead cost  poses a challenge – Key market players include Amazon.com Inc., BAUHAUS E Business Gesellschaft fur Bau und Hausbedarf mbH and Co, Bed Bath and Beyond Inc., Costco Wholesale Corp., Godrej and Boyce Manufacturing Co. Ltd., Golden Acre Garden Sentre, Hennes and Mauritz AB, Home Depot Inc., Inter IKEA Holding B.V., Lowes Co. Inc., Lulu and Georgia Inc., Penney OpCo LLC, Reliance Industries Ltd., Target Corp., Tesco Plc, Ugaoo Agritech Pvt. Ltd., Walmart Inc., Wayfair Inc., and Williams Sonoma Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Home And Garden Products B2C E-Commerce Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 13.5%

Market growth 2024-2028

USD 44989.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.9

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 57%

Key countries

China, US, Japan, UK, and France

Key companies profiled

Amazon.com Inc., BAUHAUS E Business Gesellschaft fur Bau und Hausbedarf mbH and Co, Bed Bath and Beyond Inc., Costco Wholesale Corp., Godrej and Boyce Manufacturing Co. Ltd., Golden Acre Garden Sentre, Hennes and Mauritz AB, Home Depot Inc., Inter IKEA Holding B.V., Lowes Co. Inc., Lulu and Georgia Inc., Penney OpCo LLC, Reliance Industries Ltd., Target Corp., Tesco Plc, Ugaoo Agritech Pvt. Ltd., Walmart Inc., Wayfair Inc., and Williams Sonoma Inc.

Market Driver

Omnichannel retailing is a modern business strategy that enables manufacturers to sell their home and garden products through both physical stores and online platforms. The online channel includes company websites and popular e-commerce sites. Consumers seek product information and new releases online, making it essential for companies to maintain a strong online presence. While physical stores remain important, online sales channels broaden market reach and brand awareness. This strategy allows vendors to sell to a larger customer base beyond geographical limitations. Factors such as evolving shopping habits, changing online purchasing behavior, and the increasing number of digital customers, particularly millennials, fuel the adoption of online retailing. Retailers like Lowes and Bed Bath and Beyond have embraced this trend, leading to a substantial increase in online sales for home and garden products. This shift to omnichannel retailing is expected to significantly boost the growth of the home and garden products B2C e-commerce market during the forecast period. 

The Home and Garden Products B2C E-Commerce market is thriving with trends like Smart Home and Smart Wearables leading the way. E-commerce expansion continues as more consumers prefer Online Shopping. E-commerce platforms are expanding their offerings with Online Sales in Niche Markets. Social media marketing is key for reaching customers, and Subscription Services are popular for Beauty, Fashion, Food, and more. Direct-to-Consumer Brands are growing, offering Return Policies for customer satisfaction. Home Decor, Home Improvement Products, and Garden Products are in demand, with Plant-based Products, Gluten-free Foods, Organic Cosmetics, and Household Essentials also popular. 5G technology enhances the shopping experience, and Easy Payment Options and Cash on Delivery cater to various customer preferences. Overall, Ecommerce is a significant part of Online Spending, driven by Smartphone Penetration. 

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 Market Challenges

•         Inefficiencies in logistics management, including inadequate postal addresses and complex delivery issues, pose significant challenges for the Home and Garden Products B2C E-Commerce Market. These complications increase overhead costs and erode profit margins. The absence of standardized delivery services can also harm a company’s brand image, leading to a shrinking customer base. International retailers from the US and Western European countries experience substantial losses due to these problems. To mitigate these issues, e-retailers can collaborate with reputable third-party logistics providers. This partnership streamlines product distribution, reducing labor costs and preserving profit margins. In the event of complications, the logistics providers assume responsibility for resolution. These factors may hinder the market’s growth during the forecast period.

•         In the Home and Garden Products B2C e-commerce market, smart home and wearables are growing trends. E-commerce expansion continues, with more people shopping online. E-commerce platforms offer various sales methods, including online and subscription services. Beauty, fashion, food, and household essentials dominate the market. Customer experience is key, with niche markets catering to specific needs. Social media marketing drives sales, while return policies ensure customer loyalty. Direct-to-Consumer brands thrive, offering unique products and easy payment options. Home decor, improvement products, and garden products are popular categories. Plant-based products, gluten-free foods, and organic cosmetics are on the rise. With 5G technology, online spending is expected to increase. Cash on delivery and easy payment options cater to diverse customer preferences. Smartphone penetration fuels e-commerce growth.

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Segment Overview 

This home and garden products b2c e-commerce market report extensively covers market segmentation by  

Product 1.1 Home decor1.2 Home improvement products1.3 OthersEnd-user 2.1 Commercial2.2 HouseholdGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Home decor-  The Home and Garden Products B2C e-commerce market is thriving, with consumers increasingly preferring the convenience of shopping online for their home improvement needs. This market segment experiences consistent growth due to the wide range of offerings, competitive pricing, and ease of access. Retailers focus on providing excellent customer service and user-friendly websites to attract and retain customers. Homeowners and renters alike turn to e-commerce platforms for their furniture, appliances, and decor purchases, making this a lucrative business opportunity.

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Research Analysis

The Home and Garden Products B2C E-Commerce market is experiencing significant growth due to the increasing trend of online spending and high smartphone penetration. Consumers now prefer the convenience of shopping for home decor, home improvement products, household essentials, and garden products online. E-commerce expansion has led to easy payment options, return policies, and cash on delivery, making online shopping more accessible. The consumer goods industry is witnessing a shift towards plant-based products, gluten-free foods, and organic cosmetics. Technology is also playing a crucial role with the integration of 5G technology, smart home devices, and smart wearables. Niche markets are being catered to through direct-to-consumer brands, subscription services, and social media marketing. The focus is on enhancing the customer experience, making online sales a preferred choice for home and garden products.

Market Research Overview

The Home and Garden Products B2C E-Commerce market is experiencing rapid growth due to the increasing trend of online spending and the high smartphone penetration rate. Consumers now prefer the convenience of shopping for home decor, home improvement products, and garden supplies online. Cash on delivery and easy payment options cater to the diverse needs of both commercial and household customers. The market encompasses a wide range of products, from home décor and household essentials to garden products, plant-based goods, gluten-free foods, and organic cosmetics. The integration of 5G technology and the rise of smart home and wearable devices are expected to revolutionize the shopping experience. E-commerce expansion continues to drive sales, with e-commerce platforms offering a seamless online shopping experience, customer-centric policies, and niche market targeting. Social media marketing and subscription services are also key strategies for reaching and retaining customers. Beauty, fashion, food, and direct-to-consumer brands are popular categories in the home and garden products market. A strong return policy and excellent customer service are essential for building customer loyalty. Overall, the market is poised for continued growth and innovation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductHome DecorHome Improvement ProductsOthersEnd-userCommercialHouseholdGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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RADCOM to Report Fourth Quarter and Full Year 2024 Results on February 12, 2025

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Management to hold a conference call on the same day at 8:00 AM ET

TEL AVIV, Israel, Jan. 15, 2025 /PRNewswire/ — RADCOM Ltd. (Nasdaq: RDCM) announced today that it will report its financial results for the fourth quarter and full year 2024, which ended December 31, 2024, on Wednesday, 12, February 2025, before the opening of trade on the Nasdaq Stock Market.

RADCOM’s management will hold an interactive conference call on the same day at 8:00 AM Eastern Time (3:00 PM Israel Standard Time) to discuss the results and answer participants’ questions.

A live webcast of the presentation will be available at https://Veidan.activetrail.biz/radcomq4-2024. The webcast will be archived for 90 days following the live presentation.

To join the interactive call, please call one of the following numbers approximately five minutes before the call is scheduled to begin:

From the US (toll-free): +1-866-652-8972
From other locations: +972-3-9180644

A conference call replay will be available the same day on the Company’s investor relations website, www.radcom.com/investor-relations.

For all investor inquiries, please contact:

Investor Relations:
Miri Segal
MS-IR LLC
msegal@ms-ir.com

Company Contact:
Hadar Rahav
CFO
+972-77-7745062
hadar.rahav@radcom.com 

About RADCOM

RADCOM (Nasdaq: RDCM) is the leading expert in 5G ready cloud-native, network intelligence solutions for telecom operators transitioning to 5G. RADCOM Network Intelligence consists of RADCOM Network Visibility, RADCOM Service Assurance, and RADCOM Network Insights. The RADCOM Network Intelligence suite offers intelligent, container-based, on-demand solutions to deliver network analysis from the RAN to the core for 5G assurance. Utilizing automated and dynamic solutions with smart minimal data collection and on-demand troubleshooting and cutting-edge techniques based on machine learning, these solutions work in harmony to provide operators with an understanding of the entire customer experience and allow them to troubleshoot network performance from a high to granular level while reducing storage costs and cloud resource utilization. For more information on how to RADCOMize your network today, please visit www.radcom.com, the content of which does not form a part of this press release.

View original content:https://www.prnewswire.com/news-releases/radcom-to-report-fourth-quarter-and-full-year-2024-results-on-february-12-2025-302351552.html

SOURCE Radcom

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NJFX Welcomes Multinational Bank to Ecosystem Advancing Cloud and AI Connectivity

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WALL TOWNSHIP, N.J., Jan. 15, 2025 /PRNewswire/ — NJFX, the Tier 3 carrier-neutral cable landing station and colocation campus is thrilled to welcome another major multinational bank into its robust ecosystem. This new partnership underscores NJFX’s pivotal role in facilitating secure, efficient, and resilient network strategies for financial organizations.

The latest addition to the NJFX ecosystem represents a leading European financial institution with over 160 years of heritage and a presence spanning 65 countries. The bank’s expertise in Private Banking, Insurance, Global Banking and Investor Solutions, and International Retail, Mobility, and Leasing Services positions it as a critical player in the global economy. Leveraging NJFX’s unique infrastructure, the bank aims to enhance its private and public cloud connectivity and explore advanced AI applications, setting a benchmark for innovation and resilience.

NJFX’s Wall, New Jersey campus is the hub where leading global cloud operators interconnect with transatlantic subsea cables linking Europe, South America, and the Caribbean. By joining NJFX’s, the bank secures unprecedented access to diverse, carrier-neutral pathways, ensuring a “never down” approach to its global operations. NJFX’s ecosystem offers an unique connectivity model guaranteeing transparency and true diversity, aligning with the stringent requirements of the financial market.

“Our ecosystem has always been a cornerstone for industries requiring unparalleled network reliability and global reach,” said Gil Santaliz, Founder and CEO of NJFX. “Welcoming this esteemed financial institution further validates our vision to provide transformative infrastructure that supports not just today’s needs but also tomorrow’s advancements in AI and cloud technologies.”

The collaboration exemplifies NJFX’s commitment to serving the financial sector with cutting-edge connectivity solutions. As NJFX continues to expand its global footprint, this partnership highlights its role in bridging continents and fostering innovation.

About NJFX
NJFX owns and operates a Tier 3 Connectivity Hub offering data center, colocation, and CLS services in Wall, New Jersey. Hosting over 35 global and US operators providing direct transatlantic connectivity to Europe, South America, and the Caribbean. NJFX offers high and low-density colocation solutions with 24/7 support. NJFX provides a carrier-neutral marketplace to operators, content providers, enterprise, financial, and government entities who need network reliability, security, and scalability. The NJFX facility enables diverse connectivity options and ensures cost efficiency by offering direct interconnection without recurring cross-connect fees.

For media inquiries, please contact:
Emily Newman – Director of Marketing
emily@njfx.net

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SOURCE NJFX

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GSV Announces the 2025 GSV Cup 50

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CHICAGO and NEW YORK and SAN FRANCISCO, Jan. 15, 2025 /PRNewswire/ — The GSV Cup, presented by Amazon Web Services (AWS) and GSV Ventures, is proud to unveil the 50 most innovative digital learning and workforce skills startups that are poised to revolutionize “PreK to Gray” learning in 2025 and beyond. 

The world’s most innovative digital learning and workforce skills startups.

With the most nominations in GSV Cup history, 1,900+ nominations were evaluated using GSV’s “Five P’s” framework—People, Product, Potential, Predictability, and Purpose—to select the top 50 pre-seed and seed-stage startups advancing innovation across early childhood, K-12, higher education, workforce learning, and adult consumer learning. 

“Startups are the lifeblood of the ASU+GSV community,” said Deborah Quazzo, Managing Partner of GSV Ventures and Co-founder of the ASU+GSV Summit. “The GSV Cup 50 are the brightest stars of tomorrow, enabling Learning at the Speed of Light for educators, workforce leaders, and learners everywhere. We’re proud to recognize these early-stage innovators as they revolutionize learning in the age of AI.” 

The 2025 GSV Cup 50 are Amigo, Atypical AI, Avoca, Axio AI, Bloom App, Boddle, BrightBee, Brisk Teaching, Careerflow.ai, Cerebry, Class Companion, Coconote, Doowii, Ed Machina, Eddi, Ednition, Emversity, Fizz, Flint, Gizmo, Glasp, GrowthSchool, Heeyo, Hoogly, Kollegio, Lightscreen Ai, Ludenso, Lyssn, Masters’ Union, Mentava, Mesa School, mytalents.ai, OutSmart College, Paloma, Praxis AI, Puzzicle, Quizard AI, SchoolAI, Schoolytics, SigIQ, Sizzle AI, Skillfully, Snorkl, Solvely.ai, Stimuler, TAP, Toko, Unriddle, Upsmith, and Woolf.

Of the 50, 78% are US-based, with additional representation from India, Singapore, Norway, Austria, and Australia. The GSV Cup 50 will showcase their innovations at the 16th Annual ASU+GSV Summit, April 6-9, in San Diego, CA.

Learn more here

ABOUT ASU+GSV
Founded in 2011, GSV is a global platform driving education and workforce skills innovation. We believe ALL people deserve equal access to the future and that scaled innovations in “PreK to Gray” learning and skills are crucial to achieving this goal. The GSV platform includes the ASU+GSV Summit, hosted annually in San Diego with 7,000+ attendees; the third annual India-based ASU+GSV & Emeritus Summit; and The AI Show @ ASU+GSV, an immersive exploration of the AI Revolution in education, which welcomed 10,000+ attendees in 2024. GSV Ventures, founded in 2015, is a multi-stage venture fund investing in the most transformational companies across the global “PreK to Gray” landscape.

View original content:https://www.prnewswire.com/news-releases/gsv-announces-the-2025-gsv-cup-50-302351418.html

SOURCE ASU+GSV Summit

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