July 15, 2021 03:12 BST
The Global E-Commerce Market is Expected to Reach Over USD $16.2B by 2027, illustrating a CAGR of roughly 23%.
The United Kingdom has the fourth largest market for E-Commerce in the entire world, with total ecommerce sales exceeding $ USD 690B
By 2040, the eCommerce market is predicted to encapsulate roughly 85% of total purchases.
U.S. Non-store retail sales expanded 39.1% in the 1st quarter of 2021.
Global e-commerce has continued to grow significantly this year. Most countries' consumers have inadvertently elected purchasing products online as their most preferable and favourite method of purchase.
Top Trends in E-Commerce for Global Entrepreneurs
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Increasing cross-border e-commerce trends have proved to be a potentially innovative way for e-retailers and international business owners alike to target a wider market- expanding the potential pool of customers that they can sell to and likely increase their total sales revenue.