India Q-Commerce Market To Set Massive CAGR of 4.80% During 2024-2032
Q-Commerce Market – India Market Statistics Base Year: 2023 Historical Years: 2018-2023 Forecast Years: 2024-2032 Market Growth Rate: 4.80% (2024-2032) India q-commerce market is rapidly growing, offering ultra-fast delivery of groceries and essentials, transforming urban shopping habits. According to the latest report by IMARC Group, the market is projected to exhibit a growth rate (CAGR) of 4.80% during 2024-2032. India Q-Commerce Market Trends and Drivers: Need for Ultra-Fast Delivery Services : The rising demand for ultra-fast delivery services, along with the shift towards online shopping, is driving the growth of the Q-commerce market in India. Urban Consumer Demand : Urban consumers, especially in metropolitan areas, are increasingly seeking convenience and instant gratification, which Q-commerce platforms provide by delivering groceries, essentials, and other products within minutes. Impact of Technology and Pandemic Smartphone and Internet Penetration : The surge in smartpho