| Statistic |
Value |
| Global e-commerce sales in 2020 |
$4.28 trillion |
| Percentage of retail sales that were e-commerce in 2020 |
18% |
| Projected global e-commerce sales in 2021 |
$4.9 trillion |
These statistics paint a clear picture of the growing importance of e-commerce in the global retail landscape. With more and more consumers turning to online shopping, businesses are increasingly focusing on their digital presence to stay competitive in the market.
One of the key trends that is shaping the future of e-commerce is the rise of mobile shopping. With the increasing use of smartphones and tablets, consumers are now able to shop anytime, anywhere, leading to a surge in mobile e-commerce sales. In fact, mobile commerce is expected to account for 54% of total e-commerce sales by 2021.
Another important trend to watch out for is the growing popularity of social commerce. With the rise of social media platforms like Instagram and Facebook, businesses are leveraging these channels to reach and engage with their target audience. Social commerce is expected to become a key driver of e-commerce growth in the coming years.
In conclusion, the future of e-commerce is bright and full of opportunities for businesses that are willing to adapt and innovate. By staying abreast of the latest trends and developments in the industry, businesses can position themselves for success in the digital age.
Source of data: Statista
With these insights from my Level 5 Extended Diploma in IT E-commerce, I hope you now have a better understanding of the future of e-commerce and the opportunities it presents. Stay tuned for more updates and trends in the ever-evolving world of online shopping!