E-commerce Industry 2023 Supply-Demand, Production Cost and Share Analysis
The global e-commerce industry size reached USD 13, 497.0 billion in 2022 and will witness a CAGR of 15% during the forecast period 2023-2030, according to the “ E-commerce Industry Data Book, 2023-2030 ,” published by Grand View Research. Expanding the footfall of smartphones across emerging and advanced economies will foster market growth. The expansion of social commerce, in-store transformation and omnichannel commerce will strengthen the position of leading players in the global market. A surge in online interaction and digital transformation on the back of the COVID-19 pandemic encouraged industry players to boost their penetration. End-users sought e-commerce for convenience, contactless payments and home deliveries. A giant stride of digital business has spurred the footfall of B2B e-commerce. Businesses are emphasizing the buy-now-pay-later trend that has already become pronounced in the B2C market. Buyers have also shown traction for improved checkout and payment experi...