At present, the evolution of electronic commerce in China will largely define the future of the sector in the next decade in the world.
According to Statistain the last 10 years: “The e-commerce market has evolved from a simple concept to a shopping ecosystem that involves various devices and store concepts.” (…) “Expectations are growing rapidly as customers discover more convenience at every level, whether it’s product personalization, mobile-optimized search, fast checkout or seamless delivery.”
The size of the global e-commerce market was estimated at 9.09 billion dollars in 2019. On the other hand, it is expected to grow at a compound annual growth rate (CAGR) of 14.7% between 2020 and 2027.
The increasing penetration of the Internet is bolstering the population of smartphone users around the world. Digital content, travel, entertainment, financial services, e-commerce, among others, constitute a variety of e-commerce options available to the Internet access customer base that is gaining momentum with increased Internet usage. .
Therefore, technological awareness among customers is expected to have a positive impact on the growth of the market. The growing importance of faster browsing has led to the development of connectivity. This It has led to the development of 4G and 5G technology.
In 2021, the percentage of consumers who made at least one online purchase in the previous 12 months grew by 74% of the population in the United States, 81% in the United Kingdom and 69% in China.