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Mumbai: The e-commerce market that was valued at 1.2 trillion at the end of December 2015 will touch 2.1 trillion by December 2016, according to the Digital Commerce Report 2015, by the Internet and Mobile Association of India (IAMAI) and IMRB International.

Between December 2011 and December 2015, the market has grown at a compound annual growth rate (CAGR) of 30%.

The main contributor is travel which accounts for 61% of this. It will grow by around 40% to touch 1.2 trillion by the end of 2016, the report said. This includes air-, train-, and bus-tickets booked online, as well as hotel rooms booked online.

E-tailing will grow 57% over 2015 to become a 72,639 crore business this year, the report said.

Financial services ( 5231 crore, a CAGR of 17% since 2012) and other online services such as booking movie tickets, food-tech, and cab aggregators ( 5,207 crore, a CAGR of 36%) account for the rest.

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