How much is ecommerce worth globally?
The changing nature of e-commerce and growth The following is taken from eMarketer’s 2020 report: “Before COVID-19, we had forecast that global retail would expand by 4.4%, to $26.460 trillion in 2020. For ecommerce, those figures had been 18.4% growth and $4.105 trillion in sales.
How big is the global e-commerce market?
USD 9,093.6 billion
The global e-commerce market size was estimated at USD 9,093.6 billion in 2019 and is expected to reach USD 10,361.0 billion in 2020….
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 10.36 trillion |
| Revenue forecast in 2027 | USD 27.15 trillion |
| Growth Rate | CAGR of 14.7% from 2020 to 2027 |
How much is the ecommerce industry worth 2020?
United States: retail e-commerce revenue 2017-2025 Revenue from e-commerce in the United States amounted to 431.6 billion U.S dollars in 2020. The Statista Digital Market Outlook estimates that by 2025, revenue will increase to 563.4 billion dollars.
What percentage of sales are ecommerce?
Quarterly e-commerce share in total U.S. retail sales 2010-2021. In the second quarter of 2021, the share of e-commerce in total U.S. retail sales stood at 13.3 percent, down from 15.7 percent in the same quarter in the previous year.
Is ecommerce growing in 2021?
Ecommerce Sales Statistics We forecast US retail ecommerce sales will grow 13.7%, reaching $908.73 billion in 2021. Prior to the pandemic, we expected sales would grow just 12.8%. Business-to-business (B2B) ecommerce statistics also show continued growth in 2021.
What is global ecommerce?
What is global ecommerce? First things first: global ecommerce is the selling products or services across geopolitical borders from a company’s country of origin, normally defined as its founding or incorporating location. Products or services are sold into non-native markets via online sales and marketing.
How much sales is done online?
Ecommerce hit $408.51 billion, up 21.9% from $335.15 billion in the first two quarters of 2020. Online penetration reached 19.0%, up from 18.2% for the same period last year. Offline sales increased 15.4% year over year. Total retail sales reached $2.15 trillion, up 16.6% from $1.85 trillion in the first half of 2020.
How much has ecommerce grow in 2021?
We forecast US retail ecommerce sales will grow 13.7%, reaching $908.73 billion in 2021. Prior to the pandemic, we expected sales would grow just 12.8%. Business-to-business (B2B) ecommerce statistics also show continued growth in 2021.
What is global e-commerce?
What percentage of sales are online?
In 2019, e-commerce sales accounted for 11 percent of all retail sales in United States, this figure is expected to reach 15 percent in 2021. In 2017, the leading e-retailer in the United States was Amazon with 54.47 billion U.S. dollars in e-commerce sales of physical goods in the United States.
What is the future of ecommerce?
eCommerce Will Continue to Boom Worldwide They’re expected to top $4.2 trillion USD in 2020 and reach more than $6.5 trillion by 2023. An estimated 2.1 billion shoppers are predicted to buy goods and services online by 2021. And interestingly enough, many of these online shoppers live outside the U.S.
Is the global ecommerce market on the rise?
The global ecommerce market will rise more than 20% in 2019, despite mounting economic uncertainty and declining consumer spending growth around the world.
What are the statistics for eCommerce in the world?
Products or services are sold into non-native markets via online sales and marketing. Cumulative data anticipates a 27.6% increase in worldwide ecommerce sales over the most recently tracked period. Numbers of that scale are hard to wrap our heads around. They’re at once invigorating and daunting.
How big is the ecommerce market in China?
Since then, it has quickly widened the margin. On its own, China represents 54.7% of the global ecommerce market, a share nearly twice that of the next five countries combined. As China goes, so goes the global ecommerce market.
What does it mean to be global ecommerce business?
Global ecommerce is many things—cross-border commerce, borderless business, international online retail. But more important than what it is, is what it isn’t. Global ecommerce is not a luxury.