eCommerce revenue growth 2018-2025
As you know eCommerce selling is growing day by day because people are moving to purchase on online platforms due to covid situation.
The eCommerce market in India grew by 38.5 percent in 2020.
eCommerce revenue growth in India from 2018 to 2025
As per statista.com, eCommerce revenue is grown from 2018 to 2025. In 2018, eCommerce revenue has been 37.4%. Which has decreased in 2019, and now it’s 32.6%. Due to the Covid-19 pandemic, It has swelled higher than 2018 and it has 38.5% in 2020. Nowadays, in the mid-2021, it will be 19.8% revenue growth in India. The Statista digital market outlook estimates that revenue growth will 14.6% in 2022, 10.7% in 2023, 7.7% in 2024, and 5.6% in 2025.
eCommerce report 2020
As per Statista, In 2020 global eCommerce market will cross the two trillion US$ threshold. With US$862.6 billion in sales in 2019. China is number one in eCommerce and the report shows it will stay in the lead through 2025. A shift in purchasing power from the U.S. and Europe to China and Southeast Asia has begun, fuelled by the growing number of Asian consumers gaining access to eCommerce due to growing purchasing power and internet penetration, especially on mobile devices.
E-commerce worldwide – Statistics & Facts
Over the last few years, eCommerce has become an essential part of the global retail framework. Like many other industries, the retail landscape has undergone a considerable transformation following the advent of the internet, and thanks to the ongoing digitalization of modern life, consumers from virtually every country now profit from the perks of online transactions. As internet access and adoption are rapidly increasing worldwide, the number of digital buyers keeps climbing every year. In 2020, over two billion people purchased goods or services online, and during the same year, e-retail sales surpassed 4.2 trillion U.S. dollars worldwide.
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