It even out-ranks the United States, which is in second place. We’ll unpack that quote and more below. To start, going global doesn’t necessarily require a global presence. To start, going global doesn’t necessarily require a … Much of its success has to do with its wide-ranging product offering, low prices and a high degree of cross-border shopping from neighboring countries. Today, China is the world's biggest e-commerce market, led by e-commerce subsidiaries of the Alibaba group, namely Taobao, Alibaba.com, Tmall and others. Products or services are sold into non-native markets via … A 35% increase from 2013 is double the growth of every country on this list with the exception of Brazil and Germany. Here’s a breakdown of the global ecommerce market size by country. India’s retail sales grew 11.8%, which fell short of previous expectations. The increasing disposable income level, escalating usage of internet and smartphones, and an increasing number of online shoppers are expected to drive the market growth For now, the big idea is simple: the shadow of global ecommerce looms too large to ignore. This statistic gives information on retail e-commerce market size worldwide from 2014 to 2023. 24 online shopping systems, guaranteeing a risk-free experience for consumers. To learn more about cookies, click "Find Out More." If your company is staring down that $4.5 trillion barrel and wondering, “Where do we begin?” rest assured, you’re not alone. Using 2023 projections, a slight reordering appears, as well as one standout leader: China. Total ecommerce sales in the UK is set to increase by 10.9 percent from $127.98 billion in 2018 to $141.93 billion in 2019. Edison, NJ -- -- 12/09/2020 -- A new business intelligence report released by HTF MI with title "Global E-Commerce Platforms Software Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)" is designed covering micro level of analysis by manufacturers and key business segments. This includes personalizing content and advertising. With online shopping now accounting for almost 10% of total retail sales (Source: eMarketer), e-commerce has a significant impact on traditional retailing and this will continue in the following years. In 2017, retail e-commerce sales worldwide amounted to 2.3 trillion US dollars and e-retail revenues are projected to grow to 4.88 trillion US dollars in 2021. It will make up 13.3% of worldwide retail ecommerce sales this year and just 5.6% when the US is excluded. Sales:$426.26 billion Increase:35% Top online retailer:Alibaba eCommerce sales as % of total retail sales:10.1% China’s eCommerce growth has exploded, coinciding with the massive sales of the world’s largest online retailer, Alibaba. From 2018 to 2019, the US managed a 14 percent increase in total ecommerce sales, which is approximately half of the 27.3 percent by which China’s ecommerce market grew. Online shoppers are increasingly looking outside their country’s borders for purchases. By using our website, you agree to our privacy policy. Amazon Prime members are very engaged shoppers: a February 2019 survey found that 20 percent of Amazon Prime shoppers made purchases on the website a few times a week, compared to only three percent of non-Prime shoppers. one in three key metrics: largest market by revenue ($636.09 billion in 2018), highest number of online shoppers (1 billion), and the highest number of cross-border online shoppers (149.42 million). Growth in North America driven by discounts and mobile commerce. Domestic Shoppers Look Beyond Their Borders. Our reports on e-commerce payment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. It’s hard to fathom, but China only recently surpassed the US in ecommerce sales in 2013 for the first time. The global E-commerce market should reach $5,879.1 billion by 2022 from $2,682.1 billion in 2017 at a compound annual growth rate of 16.8% from 2017 to 2022. Global retail ecommerce sales will decelerate to a 16.5% growth rate in 2020 (down from 20.2% last year). Global E-Commerce Market Size and Research Report to 2022 The global ecommerce size in 2019 is expected to reach $3.535 trillion. Saudi Arabia is also a huge market for e-commerce in the Middle East, with the same PayFort study valuing it at $22 billion in 2016. 2 with $586.92 billion. The number of international Amazon Prime subscribers (59.5 million) will surpass that of US subscribers (58.5 million) for the first time in 2018, according to J.P Morgan. US Census Bureau Figures show that over the last two decades, U.S. online retail sales have grown rapidly, … Oberlo uses cookies to provide necessary site functionality and improve your experience. Traditional pillars of open markets — the United States and the UK — are wobbling, and China is positioning itself as globalization’s staunchest defender.”. This makes it an important market for ecommerce store owners to focus their efforts on. The three regions covered in this report have an accumulated online fashion revenue of US$275.8 billion in 2016 and cover more than 83% of the global e-Commerce fashion market. Market size of B2C e-commerce in Europe 2019, by country Market size of B2C e-commerce in Italy 2016-2020 Impact of coronavirus (COVID-19) on e-commerce in Italy 2020 Healthcare e-Commerce Market 2020 Global Industry Brief Analysis by Top Countries Data with Market Size is expected to see magnificent growth … We use cookies to understand how you use our site and to improve your experience. Today e-commerce is continuing to grow with new technologies and innovations, and thousands of businesses entering the online market each year In 2018, an estimated 58.7 million households in the United States held a membership with the company’s subscription service Amazon Prime, benefitting from free 2-day shipping, music and video streaming and exclusive offers and deals. The global e-commerce market is expected to grow at a CAGR of 11.1% from 2018 to 2025 to reach $24.3 trillion by 2025. One of the simplest ways to begin testing foreign markets is to prioritize online advertising or social media abroad. With 193.6 billion in net sales, the United States were Amazon’s biggest market in 2019. Top Global Ecommerce Markets. With an annual growth rate of 35%, China is also one of the fastest-growing e-commerce markets. eMarketer: https://www.emarketer.com/content/amazon-around-the-world, Statista: https://www.statista.com/topics/3792/e-commerce-in-europe/, Insvesp: https://www.invespcro.com/blog/global-online-retail-spending-statistics-and-trends/, Global Ecommerce Statistics for 2019 and Beyond. But while Amazon dominates the US ecommerce landscape, it’s a very different story overseas. China is currently the biggest e-commerce market in the world, with a market revenue of $636.09 billion in the past year. It is expected to witness a surge in demand, owing to the rising disposable income, global per … How many Amazon Prime members are outside the US? The eCommerce market encompasses the sale of physical goods via a digital channel to a private end user (B2C). Germany was ranked second with 22.2 billion U.S. dollars, ahead of the UK with 17.5 billion. China is estimated to double the United States eCommerce sales numbers by 2018. The size of the global fashion e-Commerce market is about US$332.1 billion in 2016 and accounts for 28% of the total e-Commerce market. But where is this growth coming from, and who are the largest contributors to thegrowing global ecommerce size? This requires an international approach to Google Ads, Product Listing Ads, Facebook, and Instagram through geographic targeting. 10 Video Marketing Statistics for 2019 [Infographic], 10 Email Marketing Stats You Need to Know [Infographic], 10 Social Media Stats You Need to Know [Infographic], 10 Instagram Stats Every Marketer Should Know in 2019 [Infographic]. Top Countries by average e-commerce revenue by online shopper. 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