Ecommerce is revolutionizing the way modern consumers shop. Today, we know that there are at least 2.14 billion digital buyers.
Driven by changes in technology and global circumstances, ecommerce is growing and shows no sign of stopping.
Predictions are that sales in online stores are expected to reach 22% of global retail sales by 2023, compared to 14.1% in 2019.
It is estimated that by 2024, digital wallets will account for over half of total ecommerce payment volumes.
Amazon will account for 39.5% of all US retail ecommerce sales in 2022, or nearly $2 in $5 spent online.