Retail, known for its consistent growth, is one of the best markets for long-term investment. The industry ranges from grocery to e-commerce, consumer tech, and much more, allowing stockholders to benefit from the tailwinds of dozens of segments. The global retail market hit a valuation of $27 trillion in 2022 and is projected to rise to $30 trillion this year.

(NASDAQ: AAPL) has enjoyed immense success in the industry, with leading market shares in multiple areas of consumer tech, from smartphones to tablets, smartwatches, and headphones. In fact, Apple has the third-largest market share in e-commerce in the U.S. despite having a significantly smaller product range than its rivals.

However, it's hard to consider Apple's stock when Amazon (NASDAQ: AMZN) also exists. The company is the world's second-biggest retailer (only after Walmart) and is the No. 1 name in e-commerce. Additionally, Amazon's diverse business model has seen it gain a powerful position in tech, with a leading 31% market share in the $626 billion cloud market.

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Source Fool.com