Before COVID, e-commerce's penetration rate for the food & beverage category was 2.5%, health 7.9%, and auto 2.9%. In 2020, the e-commerce sales reached a share of 32.5 percent of all retail sales in the Untied Kingdom (UK). 4. It is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2021 to 2028. The e-commerce wing has become one of the business fields that delivered most of its share and continues to generate more business in the coming years. PolitiFact | Bezos' statistics ignore Amazon's monopoly of ... Global e-commerce payment methods 2020 & 2024, by share of transaction volume. Get in touch with us now. Report: Global E-commerce Reached $4 Trillion in 2020. Audio. Flipkart. (EMarketer 2021) eCommerce sales grew 25.7% in 2020. Japan's e-commerce market is marked by contrasts. Leading the way, the Asia-Pacific is forecast $2,448.33 billion of Ecommerce sales in 2020, as opposed to the Middle East & Africa predicted $41.56 billion. Bangalore, India. Recent global ecommerce statistics also show that mobile commerce (mcommerce) will see a similar decreasing pattern. The firm projects that sales made online will total USD $794.5bn (£613.7bn) by the end of 2020, accounting for 14.4% of the country's total . At present, online sales account for only 13 percent of total retail. , Jul 7, 2021. PayPal's total payment volume worldwide. In 2020, global retail e-commerce sales are projected to reach 3.9 trillion U.S. dollars with Asia Pacific generating approximately 2.45 trillion U.S. dollars in online retail sales. We forecast that worldwide ecommerce growth will downshift to 14.3% in 2021. Worldwide E-commerce by region 2021. Between 2016 and 2020, the share of online sales in all retail sales more than . Statista, BigCommerce 3. This report is based on an online survey of more than 10,000 consumers in 11 countries conducted in September 2020, as well as extensive global Shopify sales data from January 2018 to September 2020. Asia Pacific's dominance in e-retail is due to China's impact in the overall segment. India will be the fastest-growing ecommerce market this year. eMarketer expects that in 2013, global B2C ecommerce sales, which include spending on both retail and travel products and services, will grow 17.1% to top $1.221 trillion. (eMarketer, 2021) China is the largest ecommerce market in the world with $792.5 million in sales, taking 33.3% of the global total. U.S. e-commerce sales are on track to exceed $1 trillion for the first time next year, as sales growth plateaus but total purchases remain far above pre-pandemic levels, according to a recent forecast by eMarketer. China leads the world in ecommerce adoption, per eMarketer. Despite the challenges, the global retail ecommerce sales grew by 27.6% in 2020 compared to the previous year, with a total of $4.280 trillion. 6 E-commerce in Europe 2020 Globally, e-commerce sales totaled USD 3.535 trillion in 2019. The chart below shows eMarketer's most recent global Ecommerce forecast. The big-box retailer, which used to rank No. 1 Yet this is a tech-savvy nation, with a GDP per capita on a par with major e-commerce economies such as the UK and France. Another country that saw substantial growth was Argentina, which had around 79% more ecommerce transactions than in 2019. With this growth rate, retail ecommerce sales worldwide are still expected to reach $6.54 trillion in 2022. In fact, the whole Latin American region saw ecommerce . And Argentina was the country where e-commerce grew the most in 2020, according to the Global Ecommerce Update 2021 by Insider Intelligence and eMarketer.. READ ALSO: Set to be the fastest-growing market globally, e-commerce in Latin America is likely to get closer to $200 billion in volume. In 2020, e-retail sales accounted for 18 percent of all retail sales worldwide. eMarketer's report Top 10 US Ecommerce Companies 2020 reveals which winning strategies are helping certain retail companies get ahead, and how other retailers can leverage these . Amazon's global retail e-commerce sales are expected to decrease slightly to 15.9% or $468.87 billion in 2021. According to eMarketer, online retail sales will reach $6.39 trillion, with ecommerce taking up 21.8% of total retail sales. eMarketer estimates that global retail sales growth is gradually increasing and mainly fueled by sales in China, India, United States and developing countries. Seoul, South Korea. January 19, 2021. Published by Daniela Coppola , Jul 7, 2021. Although retail had a tough year in 2020, every national market covered by eMarketer saw double-digit ecommerce growth. How much did retail spending increase during the 2020 holiday season? Global Ecommerce 2020 from eMarketer: key facts October 7, 2020 HGAsupport Uncategorized Business Insider and eMarketer analysts estimate that the volume of global e-trade will amount to $3.914 trillion in 2020. Target's increased focus on building its ecommerce business has been paying off. US retail digital ad spending will increase by 3.1% this year, to $28.23 billion. 2020 saw record retail e-commerce sales for the UK, with a total of USD $180.39 billion in sales, only third behind China (USD $2,296.95 billion) and the US (USD $794.50 billion). Ecommerce Market Share Statistics. This report features eMarketer data and insights, and covers the top 10 digital trends that marketers need to track in 2021. Predictions for 2022. One of the only trillion-dollar companies, Amazon has a market cap of USD 1.37 trillion — ranking number 1 in market cap among the largest eCommerce companies and 3 rd overall in the world among all companies. The global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. To put it more precisely, China has 54 . Here are some key takeaways from the report: Germany's mobile sales . Sources: TSG Analysis, GEM Data, 1. eMarketer 2. In the U.S. it's expected to decelerate to 7.8% as retail brick-and-mortar sales rebound from their pandemic plunge. 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 Leading the way, Latin America grew 36.7%. Ecommerce penetration worldwide increased from 16% in 2019 to 19% in 2020, driven by the pandemic-fueled shift toward online purchases, according to a report from the United Nations Conference on Trade and Development (UNCTD).. 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 early outlook for the 2021 holiday season is solid despite major economic uncertainty ahead. This report explores the impact COVID-19 will have on consumer spending across total retail and ecommerce in Latin America, with breakouts and recovery scenarios for Argentina, Brazil and Mexico. That momentum continued as ecommerce app installs saw a 48 percent increase between January and July 2021, with Android gaining 55 percent and iOS 32 percent. KEY STAT: Following a 25.7% increase in 2020, retail ecommerce sales worldwide will rise to $4.921 trillion in 2021. Global ecommerce statistics. Despite a challenging 2020 for retail during the pandemic, new data from eMarketer suggests that worldwide retail e-commerce sales posted a 27.6% growth rate for the year, with sales reaching well over $4 trillion. Even as total worldwide retail sales declined by 3.0% in 2020, retail ecommerce growth boomed to 27.6%. This reduced our overall outlook for retail ecommerce sales by $190.79 billion." Worldwide Ecommerce by region 2020. Global ecommerce sales, including both B2C and B2B, were up 4% to $26.7 trillion in 2020, according to UNCTD, comprising 30% of global GDP. The global eCommerce sales in 2020 reported 16.5% year over year growth, with total sales reaching USD 3.9 trillion. Sourced from eMarketer. 11. Erik Gruenwedel. (EMarketer 2021) The global eCommerce market size is projected to grow to $7.385 trillion in 2025. Even as consumers transitioned en masse to ecommerce during the pandemic, the drag caused by multiple recessions internationally has reduced the overall outlook. Although India's total retail sales growth dropped dramatically in 2020, ecommerce is soaring. Executive Summary. 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. (eMarketer, 2020) By 2021, Amazon is projected to reach 39.7% in market share or $302.36 billion in U.S retail e-commerce sales (eMarketer, 2020). According to eMarketer data, global retail e-commerce sales increased by 27.6% in 2020 to $4.3 trillion. eMarketer predicts double-digit retail sales growth in the region through at least 2019. 8. 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. 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. eMarketer, Global e-commerce 2019, June 27, 2019 Amazon, AMAZON.COM ANNOUNCES FOURTH QUARTER SALES , Jan 30, 2020 eMarketer, Top 10 US e-commerce Companies 2020 , March 10, 2020 There are between 12M to 24M ecommerce sites in the world (99firms, 2020)The total value of global retail ecommerce sales will reach $4.13T in 2020 (99firms, 2020)Global B2C ecommerce sales are expected to reach $4.5 trillion by 2021 (Hubspot, 2020)The fastest growth in retail ecommerce between 2018 and 2022 is expected in India and Indonesia (99firms, 2020) The ecommerce channel has delivered consistent double-digit year-over-year growth prior to COVID-19, and Kantar projects 2020 to be the strongest year yet with +22% growth driven by the massive shift from offline to online. SEM Rush (Click a source to read full analysis) 2020 E-commerce Sales - Despite a decline in global retail sales, 2020 saw a substantial increase in e-commerce sales. 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. Moreover, we predict that China, the US, the UK, Japan, and South Korea will constitute the top five through 2025. Quarterly payment value of PayPal 2014-2021. 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. Estimates based on analysis of data from other research firms and government agencies . Worldwide e-commerce share of retail sales 2015-2024. Before COVID, e-commerce's penetration rate for the food & beverage category was 2.5%, health 7.9%, and auto 2.9%. By 2019, eMarketer expects worldwide online sales will Article. The global B2B ecommerce market reached $5.7 trillion in 2019 and is expected to expand by 17.5% annually from 2020 to 2027. According to eMarketer, US consumers will spend $709.78 billion on ecommerce in 2020, representing an increase of 18.0% from last year. Ecommerce growth will decelerate substantially in 2021 to 14.3% as brick-and-mortar sales recover. The global eCommerce market size was valued at $4.213 trillion in 2020. 2019 vs. 2020: Marginal Difference. 5. With this new wave of ecommerce acceleration in 2020 as the backdrop, Catalyst Detailed statistics. This slowdown is partially due to the rebound of brick-and-mortar stores and partially because so much growth was pulled forward to 2020. This is slightly faster growth than US digital ad spending overall, which will shrink to just 1.7% amid the coronavirus disruption. This figure is . 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. Oberlo forecasts a 17% increase in global e-commerce sales for 2021 vs. nearly 26% in 2020. Countries like the United Kingdom, Japan, Germany, and France are some of the other countries that follow the US in the list of the largest ecommerce markets in the world . As more people will shop and do commerce online in . The 2020 US holiday season posted better-than-expected retail sales growth, as huge ecommerce gains added to a surprisingly positive performance for brick-and-mortar retail. (eMarketer) The global ecommerce market amounted to $4.2 trillion in 2020, with a growth rate of 27.6%. Global e-commerce is estimated to have Despite the adverse impact of the coronavirus pandemic, which hampered growth, eCommerce sales in the APAC region is expected to reach USD2.4 trillion in 2020, about 62.6% of total global sales. Europe's share of global e-commerce was estimated at USD 349 billion in 2019, which corresponds to about 10 percent. According to a new AppsFlyer report, global ad spending on app installs in Q4 2020 and Q1 2021 reached $5.4 billion, with the US leading the way, followed by Brazil and the UK. Coupang. Mobile retail commerce sales as share of retail e-commerce sales in the UK 2011-2018; Mobile retail commerce growth in the United States 2013-2020; U.S. mobile retail e-commerce transactions share 2016-2018, by device; Global mobile retail commerce sales share 2016-2021; Mobile share of online sales in the UK Q1 2010-Q1 2016 Increasing penetration of internet is bolstering the smartphone using population across the world At the moment, Asia-Pacific (APAC) leads the global e-commerce growth charge, outpacing all other continents with a forecasted growth of 25% or USD 2.271 trillion, representing a whopping 64.3% of global e-commerce spending. We saw less growth in the Middle East & Africa, 19.8%, but this is still a commendable growth rate. 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. Industry report Ecommerce Statistics: Global Retail E-Commerce Sales 2014-2021 The Global Economic Sales touched the magical number of 3 trillion US dollars in the year 2018. Our latest ranking of the nation's top retailers by online sales shows strong growth for Target's ecommerce business, while that of QVC and HSN owner Qurate Retail Group . results of 20 gateways from May 2020 of all global eCommerce sales are projected to occur on mobile devices by 2021.3 SMBs have many partnerships to consider when developing an . Research expert covering internet and e-commerce. However, that thesis ignores the point that online retail was soaring before the global health crisis. According to eMarketer, Singaporean ecommerce sales increased by a whopping 71.7% in 2020. Research provider eMarketer forecasts that retail e-commerce sales worldwide will reach USD 5 trillion by 2021. 285bn USD. $4.9 trillion is the estimated global retail ecommerce market size in 2021. In 2019, U.S. e-commerce sales figures reached $602 billion. 1 However, the impact of the pandemic means Spain's central bank has estimated the Spanish economy will contract by up to 11.6 percent in 2020, before recovering to grow by . Twitter users will start flocking elsewhere next year. According to eMarketer, the expansion of e-commerce in China is still happening at a faster clip than elsewhere. At $419.53 billion, regional B2C ecommerce sales will be highest in North America. "U.S. e-commerce sales are on track to exceed $1 trillion for the first time next year, as . After a tumultuous 2020, retail sales will see a bump in 2021 as the economy reopens and consumers are ready to spend. 10 These three categories present e-commerce with a significant growth . The Chinese market made up for 33% of global ecommerce sales in 2020. . As Latin America saw abnormally standout growth in e-commerce in 2020, despite suffering worse-than . Beginning in 2014, Asia-Pacific will move . CPG sector spends over $30 billion on digital advertising, 70% devoted to mobile. The growth can be attributed to the rising disposable income, global per capita income, and expanding internet penetration What is more surprising is the recent growth of certain companies like Target in the ecommerce space, while other brands who once reigned have now begun to falter. This corresponds to about 14 per-cent of total retail sales worldwide (USD 25.038 trillion). Global ecommerce statistics. Now many businesses are shifting to an e-commerce platform to join the revolutionary growth . Worldwide B2C Ecommerce Sales and Digital Buyers. 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. The top 6 companies ranked by market cap are all US or Chinese . Retail e-commerce sales growth worldwide 2017-2024. 10 These three categories present e-commerce with a significant growth . China is the world's largest eCommerce market with over 50% of global eCommerce transactions coming from China. In 2021 ecommerce growth will be uneven. In last year's global e-commerce analysis, estimated y-o-y growth was 20.7%, increasing from $2.9 trillion in 2018 to $3.5 trillion in 2019.However, the year growth rate of worldwide eCommerce market continued to decline, starting in 2017. By 2019, retail ecommerce market worldwide share will jump from $1.671 trillion to $3.578 trillion. (EMarketer 2021) China recorded 52.1% of its retail happening through eCommerce in 2021. However, as the market rights itself post initial Covid peak, 2021 will see a 6.3% decline in UK retail e-commerce sales, to USD $169.02 billion according to eMarketer. Emerging markets outpace others "India, Brazil, Russia, and Argentina are all projected to post at least 26% growth in retail ecommerce sales this year," says eMarketer. 2020: $2.7T global mobile ecommerce; 2025E: $5.0T global mobile ecommerce; Source: eMarketer, Global eCommerce, 2021. 10. Our methodology. In Asia Pacific, Europe, and the Middle East, growth will be faster than the U.S. through the first half of the decade. 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. 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). //Www.Emarketer.Com/Content/Global-Ecommerce-Update-2021 '' > global retail ecommerce market size is projected to grow $... 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