A recent study by flyers-on-line.com claims that eCommerce will double by 2027.
The study places China as the undisputed leader, with a market value of $779.858 billion in 2022, predominantly driven by the electronics sector.
This is projected to double, soaring to approximately $1.73 trillion by 2027. Meanwhile, Europe and the United States are also pivotal players in this rapidly expanding field. In 2023, Europe is expected to generate revenues of $730.3 billion, while the United States is projected to contribute $917.6 billion.
The global eCommerce landscape is poised for significant growth. According to flyers-on-line.com projections, global eCommerce revenue is expected to grow by 64.69 per cent from 2023 to 2027, reaching $6.34 trillion.
