According to a report by Statista, retail e-commerce sales worldwide were estimated to exceed $5.7 trillion in 2022. This highlights the significant growth of the industry and its increasingly important role in the global retail landscape.
The US e-commerce market is forecasted to reach more than $904.9 billion in 2022, indicating the ongoing expansion of online shopping in one of the world’s largest economies.
With over 26 million e-commerce sites worldwide, businesses face increasing competition and need to adopt innovative strategies to stand out and succeed in the crowded online marketplace.
The number of e-commerce users worldwide reached 3.8 billion in 2020, demonstrating the vast and growing market for online retail.
Morgan Stanley predicts that the e-commerce market will increase from $3.3 trillion today to $5.4 trillion in 2026, further emphasizing the rapid growth and long-term potential of the industry.