E-commerce share of total global retail sales from 2015 to 2023. eMarketer; eMarketer (2017, July). The coronavirus pandemic is strengthening e-commerce in India, Indonesia, Mexico, and Nigeria, which already had factors like sizable populations, fast e-commerce growth rates, and a large number of digital buyers working in their favor — but the growth of online shopping also faces distinct obstacles in each country. Therefore, the company is looking to . The global B2B ecommerce market reached $5.7 trillion in 2019 and is expected to expand by 17.5% annually from 2020 to 2027. Here are some key takeaways from the report: Germany's mobile sales are growing faster than ever and more than half . Emerging trends that will change the way merchants start, grow, and run their businesses. How online usage, purchasing habits, and the overall future of e-commerce and the global retail industry will look like in 2021 and beyond will largely depend on the further progression of COVID-19. This growth is, however, down . 2 Source: Insider Intelligence - eMarketer, Global Ecommerce Update 2021, 13 January 2021. Brick-and-mortar retail spending, however, is expected to decrease 14.0% to $4.184 trillion. The top five ecommerce markets have remained the same since 2018. Insider Intelligence is the go-to source for industry professionals to get independent analysis based on vetted and transparently sourced data. Finally, we anticipate that China will retain its position as the world's top ecommerce player in 2021. China remains the dominant ecommerce economy, accounting for roughly 57% of the total. Leading the way, Latin America grew 36.7%. In 2020, global retail e-commerce sales are projected to reach 3.9 trillion U.S. In the Global Ecommerce 2020 Report, eMarketer explores where certain countries and regions are expected fall in respect to retail ecommerce sales, how the pandemic has shaped our estimates, and how ecommerce will fair both globally and nationally for the remainder of the year. . We saw less growth in the Middle East & Africa, 19.8%, but this is still a commendable growth rate. (EMarketer 2021) China recorded 52.1% of its retail happening through eCommerce in 2021. In 2019, retail e-commerce sales worldwide amounted to 3.5 trillion US dollars. Leading the way for the top eCommerce companies is Amazon — the largest eCommerce company in the world by revenue. China's contribution to global e-commerce is driven by giants like the Alibaba Group Holding Limited. Here are some key takeaways from the report: Germany's mobile sales are growing faster than ever and more than half . ; The eCommerce industry is growing 23% year-over-year, yet 46% of American small businesses still don't have a website. In 2020, global e-retail sales grew 27.6 percent compared to the previous year. WORLDWIDE RETAIL ECOMMERCE SALES Global retail ecommerce sales—including online and mobile commerce—will reach nearly $1.671 trillion in 2015, accounting for 7.4% of total retail spending. Ecommerce websites that load slowly see shopping cart abandonment of 75%. Moreover, we predict that China, the US, the UK, Japan, and South Korea will constitute the top five through 2025. Even as consumers transitioned en masse to ecommerce during the pandemic, the drag caused by multiple recessions internationally has reduced the overall outlook. E-retail sales of the company . Even as consumers transitioned en masse to ecommerce during the pandemic, the drag caused by multiple recessions internationally has reduced the overall outlook. Worldwide E-commerce by region 2021. US consumers will spend $933.30 billion on ecommerce in 2021, up 17.9% YoY, and equaling 15.3% of total retail sales. 2020 E-commerce Sales - Despite a decline in global retail sales, 2020 saw a substantial increase in e-commerce sales. Ecommerce businesses should anticipate a 265% growth rate, from $1.3 trillion in 2014 to $4.9 trillion in 2021. According to eMarketer, online retail sales will reach $6.39 trillion, with ecommerce taking up 21.8% of total retail sales. WORLDWIDE RETAIL ECOMMERCE SALES Global retail ecommerce sales—including online and mobile commerce—will reach nearly $1.671 trillion in 2015, accounting for 7.4% of total retail spending. This report is a great example of eMarketer data and insights that look at what to expect for the US retail and ecommerce markets in 2019, and highlights the According to eMarketer, global ecommerce saw significant growth in 2020, growing 27.6% to USD 4.2 trillion. Back-to-school e-commerce sales in 2021 stay up. In the Global Ecommerce 2020 Report, eMarketer explores where certain countries and regions are expected fall in respect to retail ecommerce sales, how the pandemic has shaped our estimates, and how ecommerce will fair both globally and nationally for the remainder of the year.. Despite a challenging year for retail in 2020, we estimate that worldwide retail ecommerce sales posted a 27.6% growth rate for the year, with sales reaching well over $4 trillion. ; 93.5% of global internet users have purchased products online. China will have an estimated 792.5 million digital buyers in 2021, a third of the global total. Global retail ecommerce sales will decelerate to a 16.5% growth rate in 2020. Forecast based on an analysis of 19,840 data points from 764 sources, including third-party research . By the year 2040, it's estimated that 95% of all purchases will be through eCommerce. Worldwide E-commerce by region 2021. We've researched the biggest trends in 2020 and gathered them together. Recent global ecommerce statistics also show that mobile commerce (mcommerce) will see a similar decreasing pattern. By 2019, eMarketer expects worldwide online sales will The chart below from eMarketer's 2021 global e-commerce report breaks down regional e-commerce growth last year. Britain's retail mobile sales have grown to £61.14 billion ($78.03 billion). Amid this backdrop of declining momentum, we estimate that global ecommerce will rise 20.7% in 2019 to $3.535 trillion. US consumers will spend $709.78 billion on ecommerce in 2020, representing an increase of 18.0%. 1 - Global eCommerce retail sales to hit $4.9 trillion by 2021. In 2021, Prime Day was a 48-hour event on June 21 and 22 China will continue to lead the world in digital buyers in 2021 with 792.5 million (33.3% of the global total); it will produce $2.779 trillion in ecommerce sales (56.8% of the global total); and it will become the first country in history to transact more than half of its retail sales digitally (52.1% of retail will be ecommerce). eMarketer Global Report United Kingdom; UK Commercial Guide from US Site Export.gov; Learn About the Most Important Trends in 2020. In 2019, Amazon was estimated to have generated over 346 billion U.S. dollars in retail e-commerce sales annually. It is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2021 to 2028. The GCC's projected 2021 total, $29 billion, accounts for less than 1%. Competitive experiential marketing launched by Alibaba's online marketplaces, namely Tmall and Taobao, are helping Chinese brands give its consumers a . Download our free, in-depth guide on the topic: The Top 40 Ecommerce Trends for 2020. Time spent on mobile devices every day in the United States from 2014 to 2021. eMarketer; eMarketer (2017, September). Global sales are increasing rapidly as more consumers shop online, and more businesses take advantage of the ease of selling products online, while Shopify merchants generated USD 20 billion in cross-border sales in 2020 alone, according . That was the first time mcommerce sales accounted for more than half of the total ecommerce sales in the United Kingdom. Published by Daniela Coppola , Jul 7, 2021. This is largely due to the ease of doing business in America - there is great logistics infrastructure and high demand for cross-border retailers with eCommerce market revenue As more global markets are developed, the US's share of ecommerce market sales is steadily decreasing. Number of digital buyers worldwide from 2014 to 2021. eMarketer; eMarketer (2019, May). ecommerce, financial services, telecoms . 13,6% of sales were made from online purchases two years ago. This represents a substantial uptick from our mid-pandemic assessment that global ecommerce would decelerate to 16.5% growth and demonstrates the remarkable extent to which consumers transitioned to ecommerce last year. eMarketer's Global Ecommerce Forecast 2019 Report forecasts that ecommerce will continue to grow at a steady rate around the globe with the Asia-Pacific region leading the ecommerce growth charts. It will take a few years for the retail e-commerce sales total to reach 2020's height, but when they do in 2023, the numbers will be well in excess of anything pre-pandemic, at £143.51 billion ($183.17 billion). To put it more precisely, China has 54 . Zoom In Icon Arrows pointing outwards Amazon global retail e-commerce sales 2017-2021. Global retail sales growth will continue to rise and take up more retail market share. What is the breakdown between ecommerce and brick-and-mortar sales? The global e-commerce market is expected to reach $4.92 Trillion in sales by the end of 2021, representing 17% year-on-year growth. According to emarketer.com, with the share of global ecommerce sales expected to reach 21.8% in 2024 and regions like Latin America and APAC seeing double-digit ecommerce growth in these past 2 years, the industry will continuu001fe developing at record speed. eMarketer, a leading independent market researcher, predicts global B2C ecommerce sales will reach $1.5 trillion this year, a 20 percent increase from 2013 1.And according to Forrester Research, B2B ecommerce spending in the U.S. alone reached $559 billion in 2013 2. This shows a future of steady upward trend with no signs of decline. Cashing-up. (EMarketer 2021) The global eCommerce market size is projected to grow to $7.385 trillion in 2025. During that period . Below we cover additional insight on the top eCommerce players moving into 2021. The top 10 eCommerce players in the U.S. grew their share to 60.1% in 2020. Mcommerce sales in the UK rose to $78.03 billion in 2020. Despite its growth, GCC ecommerce is small compared to leading countries. The latest figures we found show that China is responsible for 50% of global online transactions. The global eCommerce market sales reached USD 3.465 trillion last year, mainly due to increased consumer spending as the largest driving factor for this growth. The global platform had several significant milestones in 2020, one of them being net revenue of $10.271 billion, as ecommerce growth statistics for eBay show. eMarketer (2019, June). (EMarketer 2021) eCommerce sales grew 25.7% in 2020. Dear eMarketer Reader, eMarketer is pleased to make this report, 10 Key Digital Trends for 2021: What Marketers Need to Know in the Year Ahead, available to our readers. More than 13% growth in 2021 for a total of $41.26 billion 51; Ecommerce back-to-school sales increased 25.9% in 2020 amid the pandemic (for a total of $36.42 billion) Prime Day perhaps a bit less exciting in 2021 52, 53. KEY STAT: Following a 25.7% increase in 2020, retail ecommerce sales worldwide will rise to $4.921 trillion in 2021. Dear eMarketer Reader, eMarketer is pleased to make this report, The Future of Retail 2019: Top 10 Trends that Will Shape Retail in the Year Ahead, available to our readers. Leading the way, Latin America grew 36.7%. Brick-and-mortar retail spending will grow 6.3% in 2021, to $5.149 trillion, the strongest growth rate seen since 2011. eMarketer projects global ecommerce sales to reach $4.9 trillion in 2021. Dublin, June 08, 2021 (GLOBE NEWSWIRE) -- The "Global Secondhand E-Commerce Market 2021" report has been added to ResearchAndMarkets.com's offering. In fact, as the market rights itself, 2021 will see a 6.3% decline in UK retail e-commerce sales according to eMarketer's prediction. China is the leading e-commerce market globally, but how much merchandise does it send to the rest of the world. On the other hand, there is a rise in B2B ecommerce global sales in Eastern markets. Ecommerce websites that load slowly see shopping cart abandonment of 75%. (eMarketer, 2021) China is projected to produce as much as $2.779 trillion in ecommerce sales, which is 56.8% of the worldwide total. Despite its obviously strong growth rate, 2019 will experience a decline from the previous two years when ecommerce grew 28.0% in 2017 and 22.9% in 2018. The new estimation of global e-commerce is $3.9 trillion, representing a vast difference from the earlier projection of $4.2 billion. Insights from all angles: from offline to online, independent retailers to marketplaces, and everything in between. The report mentions the role of region-specific data in . . In 2019, U.S. e-commerce sales figures reached $602 billion. We saw less growth in the Middle East & Africa, 19.8%, but this is still a commendable growth rate. According to the latest report from eMarketer, a leading market research firm, India, with an estimated 27% YoY sales growth, is expected to top the chart of the world's fastest-growing retail eCommerce markets in 2021. According to eMarketer, worldwide retail e-commerce sales grew 27.6% in 2020, for a total of $4.27 trillion — compared to a 3% decline in total worldwide retail sales, dropping to $23.79 trillion (Figure 1). (eMarketer) 17. The report gives you: Predictions about the way consumers will shop and buy in the future. Ecommerce has emerged as the single biggest growth driver in the worldwide marketplace. The global retail e-commerce CAGR during the same period was 6.29 percent. With the opportunities come significant challenges in e-commerce logistics, particularly Increasing penetration of internet is bolstering the smartphone using population across the world From a global share of 20.2% in 2015, the US is expected to be down to 16.9% by 2020. Amazon's global retail e-commerce sales are expected to decrease slightly to 15.9% or $468.87 billion in 2021. Overall, global e-commerce sales jumped to $26.7 trillion in 2019, up four per cent from a year earlier, the UN number-crunchers noted, citing the latest available estimates. To put it more precisely, China has 54 . EMarketer said bricks-and-mortar sales would likely fall by 9.8 per cent this year, after an 18.6 per cent drop last year, while e-commerce sales grew 27.5 per cent in 2020 and would likely lift . GLOBAL ECOMMERCE MARKET RANKING 2019 - 4 SPOTLIGHT ON: USA The United States is the number one eCommerce market in the world for 2018. eMarketer 2019 Global Ecommerce Forecast. According to emarketer.com, with the share of global ecommerce sales expected to reach 21.8% in 2024 and regions like Latin America and APAC seeing double-digit ecommerce growth in these past 2 years, the industry will continuu001fe developing at record speed. Make sure your ecommerce store is prepared for the future. Such figure is estimated to grow over the next few years, showing that borderless e-Commerce is becoming a profitable option for online retailers. eMarketer predicts double-digit retail sales growth in the region through at least 2019. The chart below from eMarketer's 2021 global e-commerce report breaks down regional e-commerce growth last year. eMarketer's Global Ecommerce Forecast 2019 Report forecasts that ecommerce will continue to grow at a steady rate around the globe with the Asia-Pacific region leading the ecommerce growth charts. According to new calculations, the global eCommerce market is estimated to clock 16.5% YoY growth in 2020. E-commerce sales are predicted to account for 15.3% of total retail sales by the end of this year and jump to 23.5% by 2025, eMarketer said. The biggest eCommerce companies after Amazon are Chinese eCommerce . Brick-and-mortar retail spending will grow 6.3% in 2021, to $5.149 trillion, the strongest growth rate seen since 2011. Dear eMarketer Reader, eMarketer is pleased to make this report, The Future of Retail 2019: Top 10 Trends that Will Shape Retail in the Year Ahead, available to our readers. The global B2C e-commerce market size was valued at USD 3.67 trillion in 2020. This report is a great example of eMarketer data and insights that look at what to expect for the US retail and ecommerce markets in 2019, and highlights the Global E-Commerce Market Overview. Read more Retail e-commerce sales CAGR forecast in selected countries from 2021 to 2025 India will be the fastest-growing ecommerce market this year. This is largely due to the ease of doing business in America - there is great logistics infrastructure and high demand for cross-border retailers with eCommerce market revenue The growth can be attributed to the rising disposable income, global per capita income, and expanding internet penetration US share of ecommerce market sales (Image source: Statista) Ecommerce Market Share Statistics. Moving into 2021, China's eCommerce market is predicted to be larger than those of the U.S., UK, Japan, Germany, and France combined, according to a report by Dezan Shira & Associates. Retail ecommerce sales for the region grew 36.7% in 2020, reaching $84.95 billion, nearly three times more than eMarketer's forecast in 2019. International retailers have plenty of economic powerhouses like Argentina, Mexico, and Brazil to break into. Unlimint teases launch of ecommerce product. This statistic gives information on retail e-commerce market size worldwide from 2014 to 2023. Due to the lockdown caused by the ongoing pandemic, a sizeable share of the population has turned towards eStores for shopping. The global eCommerce market size was valued at $4.213 trillion in 2020. US consumers will spend $933.30 billion on ecommerce in 2021, up 17.9% YoY, and equaling 15.3% of total retail sales. In addition to consumer online purchases, this figure includes "business-to-business" (B2B) trade, which put together was worth 30 per cent of global gross . This report features our latest regional and global forecast for total retail, retail ecommerce, mcommerce, and social commerce sales and digital buyers. However, growth, as is evident, has happened. (eMarketer, 2021) 95% of all purchases are projected to be done via ecommerce. Global ecommerce sales growth. This report features eMarketer data and insights, and covers the top 10 digital trends that marketers need to track in 2021.
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