III. Industry Analysis
[Company Name] competes against small, individually owned drop shipping companies. The Drop Shipping market size is expected to grow exponentially over the next five years, reaching $125.45 billion.
Growth is mostly attributed to the increase in online shopping, coupled with the rising trend of cross-border e-commerce trade. Hence, the rise in demand for drop shipping services is predominantly influenced by the growth of the e-commerce industry. Rising smartphone penetration, coupled with increasing consumer disposable income, is contributing toward the growth of the e-commerce market, thereby driving the demand for drop shipping services.
