Leading retail websites worldwide 2022, by traffic, Leading internet and online services companies worldwide 2022, by market cap, Leading global online marketplaces 2021, by GMV, Global fashion e-commerce market size 2021-2025, E-commerce electronics market size worldwide 2021-2030, Global: e-commerce revenue from 2017 to 2025, by segment, Global online shopper per visit spend 2022, by category, Global online retail website visits and orders 2022, by device, Global online shopper conversion rate 2021-2022, by region, Global e-commerce payment methods 2021, by share of transaction volume, Global e-commerce payment methods 2021 & 2025, by share of transaction volume, Quarterly TPV (Total Payment Volume) of PayPal in USD 2014-2022, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q2 2022, Global retail e-commerce revenue 2022, by region, E-commerce as share of total retail sales worldwide 2015-2021, with forecasts to 2026, Retail e-commerce sales growth worldwide 2017-2026, Fastest-growing retail e-commerce countries 2022, E-commerce retail sales CAGR 2022-2025, by country, Domestic and cross-border e-commerce revenue share 2022, by country, Revenue CAGR of selected online service company verticals 2020-2022, Leading online marketplaces worldwide 2022, by market cap, Leading vertical e-commerce companies worldwide 2022, by market cap, Leading online retailers worldwide 2021-2027, by sales, Main electronics, office, and leisure e-retailers worldwide 2022-2027, by sales, Leading health, beauty, and personal care e-retailers worldwide 2022-2027, by sales, Leading household and pet care online retailers worldwide 2021-2027, by sales, Leading edible grocery online retailers worldwide 2021-2026, by sales, Leading e-commerce and shopping websites worldwide 2022, based on visit share, Distribution of online purchases worldwide 2022, by channel, Pages seen at buying session 2021, by vertical, Global online shopper conversion rate 2022, by region and device, Global conversion rates in selected verticals 2022, Shopping cart abandonment rate worldwide 2022, by industry, Main sources for online shopping inspiration worldwide 2022, Leading online sources for product searches worldwide 2022, Number of reviews online shoppers read before making a purchasing decision 2019-2021, Main benefits of online shopping worldwide 2022, Main disadvantages of online shopping worldwide 2022, Preferred ways to shop online worldwide 2021, by category, Quarterly number of PayPal active accounts worldwide 2010-2022, Quarterly number of PayPal payments 2014-2022, Square quarterly gross payment volume 2015-2022. While department stores are expected to . According to the most recent 2020 ARTS release, e-commerce sales increased by $244.2 billion or 43% in 2020, the first year of the pandemic, rising from $571.2 billion in 2019 to $815.4 billion in 2020. Internet use and increased connectivity are also significant drivers, particularly in emerging markets, where populations skew younger and spend more time online than their counterparts in developed markets. The company has a long runway for growth. For now, the big idea is simple: the shadow of global ecommerce looms too large to ignore. worldwide to $5.7 trillion. We have global expertise in market analysis and in advisory and capital-raising services for corporations, institutions and governments. This growth is, however, a massive dip from last years growth rate. This text provides general information. A rising middle-class could use their digital wallets to drive double-digit e-commerce growth through 2024. Already using Shopify? E-commerce in South Korea could increase to 45% in the next five years, driven by food delivery and same-day options. In 2021, global ecommerce growth rates hit 17.1%, which is also the largest year-over-year increase analysts expect between 2021 and 2026 and can be attributed to the coronavirus pandemic. According to UN trade and development experts UNCTAD, the e-commerce sector saw a dramatic rise in its share of all retail sales, from 16 per cent to 19 per cent in 2020. China These are the world's biggest e-commerce markets Sep 8, 2021. Food and. November 2, 2022. People around the world can experience products in a metaverse no matter where they live. The global middle class is projected to grow by about 1.8 billion people between 2019 and 2022. These winners include Shopify, whose gains rose more than 95 per cent last year - and Walmart (up 72.4 per cent). We value our commitment to diverse perspectives and a culture of inclusion across the firm. Trend 1: The e-commerce landscape is getting more competitive. Consumers worldwide spent USD 3.46 trillion online in 2019, up from USD 2.93 trillion in 2018. He sees e-commerce reaching 27% of retail sales by 2026. E-commerce, also referred to as electronic commerce, is selling and buying goods and services using an internet-based platform. The global ecommerce growth rate for 2022 is forecast at 9.7%, bringing global ecommerce sales worldwide to $5.7 trillion. Hear their stories and learn about how they are redefining the terms of success. The top five ecommerce markets havent changed since 2018. With the boom of the pandemic, ecommerce companies saw massive increases in sales as users prioritized online shopping versus a retail or pick-up-in-store option. Klarnas gross merchandise volume (GMV) nearly doubled to $18.9 billion in the first quarter, from $9.9 billion one year prior. We provide comprehensive workplace financial solutions for organizations and their employees, combining personalized advice with modern technology. The ecommerce industry is expected to grow by almost $11 trillion between 2021 and 2025. Receive daily updates directly in your inbox -, Global e-commerce jumps to $26.7 trillion, fuelled by COVID-19, Pandemic has forever changed online shopping, UN-backed survey reveals, Facebook privacy debate shows most countries not ready for digital economy UN, Global anxiety deepens over online data and privacy protection UN agency, Coronavirus lockdown casts harsh light on our data and privacy online. Consumers in Colombia and Brazil, for instance, spend more than five hours online each day, on average, creating a significant opportunity for retailers to reach a new market of customers. Plus moreIdeasfrom Morgan Stanleys thought leaders. E-commerce addresses the inherent disadvantages of brick-and-mortar retail and taps into the benefits of digital commerce. Detailed analysis of the E-commerce sector in Nigeria; market profitability, market opportunities, consumer trends, an analysis of top market leaders, and finally some recommendation on starting a profitable e-commerce business in Nigeria. One of the biggest trends is really just consumers being willing to spend money for virtual goods, says Cory Svensson, a member of the blockchain team at Shopify. Retail consumer goods ecommerce is by far the most dynamic and leading of the two consumer focuses. Key findings There are over 25 e-commerce stores in Nigeria with market size of $17 billion. 2017: Retail e-commerce sales across the world reaches $2.304 trillion, which was a 24.8 percent increase than . And it's forecast to grow over 50% within the next four years ( Statista ). Singapore was the second-fastest, with a 71.1% increase in eCommerce sales. It is accelerated by a growing and youthful population that is increasingly exposed and has an appetite for greater efficiency and improvement of business to first-world standards. Internet penetration in the country stands at above 40%. Egypt has great capabilities and ingredients that help the growth of e-commerce, and with regard to the state of payments in the Arab world, the volume of e-commerce in Egypt will reach 2.7 billion dollars by the year 2020, recording huge growth, especially as e-commerce is in the year 2014 recorded only 1.4 billion dollars, I am very confident . That figure is estimated to grow over the next few years, showing that borderless ecommerce is becoming a profitable option for online retailers. The number of US shoppers using Klarna doubled to 17 million in April 2021, experiencing a 125% increase in downloads. In France, wholesale marketplace Ankorstore, which operates in the same category as Abound, raised 82 million in May 2021. Almost one in five respondents stated that lack of language translation was a big barrier to purchasing on a foreign site. Parts of the online economy have boomed since COVID-19 began, while some pre-pandemic big-hitters have seen a reversal of their fortunes in the last year, amid widespread movement restrictions, UN economists have found. By 2025, annual global cross-border e-commerce revenues could swell to between $250 billion and $350 billionup from about $80 billion today. In 2022, smartphone retail ecommerce sales are expected to pass $432 billion, up from $148 billion in 2018. Experts say the pandemic accelerated the shift to online shopping by as much as five years. In fact, Morgan Stanleys industry model, along with other data, suggests that e-commerce will continue to gain traction, even in countries where online shopping is already popular. E-commerce helps buy and sell goods and services on the Internet. In the first quarter of 2021, global e-commerce recorded $876 billion in salesup 38% year-over-year, with predictions of a continued growth of 24.5% by 2025. This growth is, however, a massive dip from last years growth rate. Growth is expected to continue, reaching 24.5% by 2025, which translates to an 6.7 percentage point increase in just five years. Domestic brand Paidy partnered with PayPal in 2021 to allow Japanese shoppers to access Paidy through their mobile wallets. We project Latin America will reclaim its crown in 2023 at 16.1%. If theres one thing all the above data, reports, and trends reveal, its that global ecommerce isnt a choiceits a necessity. Its online retail market is worth $7.2 billion, which is just 2.4% of the total retail sales. COVID-19 forced shops around the world to shut for months and recently reopen under strict new guidelines. Personalized experiences: . Morgan Stanley is differentiated by the caliber of our diverse team. According to The Global and United States Ecommerce Market Report and Forecast, the global ecommerce marketing size is worth 7 million in 2022 and is forecasted to grow to to 20 million by 2028 with a CAGR of 17. By submitting this form, you agree to receive promotional messages from Shopify about its products and services. According to Digital Commerce 360, US consumers spent $861.12 billion in 2020, up 44% year over year. E-commerce is growing. Directly accessible data for 170 industries from 50 countries M-commerce, or mobile commerce, involves shopping online through a mobile device, like a smartphone or tablet. Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Last year we saw the evolution of B2B ecommerce take place, attracting the attention of buyers, sellers, and investors from all over the world. JD.com will handle the fulfillment process, transporting goods from its US warehouses to China via cargo flights to complete deliveries. Economist Bruna Skarica discuss. While e-Commerce was always on an upward trajectory, the arrival of Covid-19 certainly bumped it higher. Oberlo uses cookies to provide necessary site functionality and improve your experience. In the first quarter of 2021, global e-commerce recorded $876 billion in sales up 38% year-over-year, with predictions of the continued growth of 24.5% by 2025. As the U.K. grapples with structural, political, and economic issues, how are markets affected across assets, and what stories may look better for investors than others? A look at what this paradigm shift could mean for workers, employers and investors. At ShipBob, its why we have opened fulfillment centers in Canada and the UK and are about to open another in Australia.. E-commerce has seen accelerated sales growth in the United States, and around the world, in 2020. Current State of The Ecommerce Industry: Size, Demands, and Channels Online retail sales amounted to 4.9 Trillion U.S dollars worldwide. Digital sales are also growing across newer verticals, including beauty, apparel and grocery. compared with a 6 percent growth in the regular . Would you like to help us improve our coverage of topics that might interest you? China is a world-leading e-commerce market that boasts huge sales volumes, high innovation and a vibrant social and mobile commerce environment. By . We believe that the Covid-driven bump will not flatten future e-commerce growth, says Brian Nowak, an equity analyst covering the U.S. internet industry. It now sits at an estimated 22% of sales. Over 67% of global consumers surveyed by Flow.io said theyd made a cross-border purchase in their lives. Stay abreast of the latest trends and developments. Online retail continues to expand due to the increasing use of smartphones and tablets globally. Amongst English-speaking shoppers, over two-thirds of respondents said they would not purchase from a site not translated into English. We help people, businesses and institutions build, preserve and manage wealth so they can pursue their financial goals. Here are five major causes of the growth of ecommerce in today's technology-driven world that you must be aware of and incorporate into your business growth strategy. UNCTAD also said that among the top 13 e-commerce firms most being from China and the US those offering ride-hailing and travel services have suffered. So what are retailers doing to build supply chain resilience and combat disruptions? Hes inspired by learning peoples stories, climbing mountains, and traveling with his partner and two Xoloitzcuintles. For more Morgan Stanley Research on the outlook for global e-commerce, ask your Morgan Stanley representative orFinancial Advisorfor the full report, Stronger for Longer in Global E-Commerce (April, 2022). Worldwide, e-commerce is expected to . Yet, the surge has not been as widespread as it would seem at a first glance. Unfortunately, its also fraught with questions: Where to invest? It was the second largest acquisition for American Eagle after buying AirTerra, a shipping solutions provider, in August. Discover who we are and the right opportunity for you. E-Commerce facilitates fundamentally the movement of goods from suppliers to customers. Cashing-up Overall, global e-commerce sales jumped to $26.7 trillion in 2019,. The growth of digital commerce represents a permanent change in how people shop. Similarly, Germany and France account for $77 billion and $55 billion in eCommerce sales,. One of the top differentiating factors for e-commerce platforms could be supply chain and fulfillment capabilities, which could empower better customer servicing, says Gary Yu, who covers telecom and internet stocks in China, where grocery delivery is growing faster than China e-commerce overall. The metaverse, a 3D virtual world, eliminates borders for consumers. As businesses came online during the COVID-19 pandemic, the global trend toward digitization surged ahead at lightning speed. North America registers fifth at 15.5%. E-commerce is projected to grow by nearly 20% in 2020. The myth of a borderless world has come crashing down. The most important key figures provide you with a compact summary of the topic of "E-commerce worldwide" and take you straight to the corresponding statistics. We believe our greatest asset is our people. That inevitable decline will still leave the region with a standout growth rate of 14.0% in 2023, but it will no longer lead the world. . At Morgan Stanley, giving back is a core valuea central part of our culture globally. E-Commerce is a huge platform that is growing at an unprecedented rate all over the world. According to the Q2 2020 report from the U.S. Census Bureau, U.S. retail e-commerce reached $211.5 billion, up 31.8% from the first quarter, and 44.5% year-over-year. In the Philippines, the Department of Trade and Industry (DTI) has set a goal to increase e-commerce revenue to $24.2 billion. Global ecommerce is many things: cross-border commerce, borderless business, international online retail. Global ecommerce sales are expected to reach $5 trillion in 2022 . As a global financial services firm, Morgan Stanley is committed to technological innovation. This is set to then decelerate to 9.6% in 2024 and further to 8.9% in 2025. Global ecommerce is a necessity, and something to take advantage of for your brand. Its not one strategy among many. The rapid adoption and growth of B2C e-commerce is fueled by the rapid maturation and change in online consumer behavior. This guide will give you an inside look at global ecommerce, with tips on how you can expand into the market. See how you can make meaningful contributions as a student or recent graduate at Morgan Stanley. As a result, the B2B disparity is even clearer. Global ecommerce is not a luxury. Advertising and social content via Facebook, Instagram, YouTube, and Google are unavailable in China, even though Chinese companies are able to enter western markets. However, according to forecasts, the. What is 3PL: How to Select a Third-Party Logistics Partner, How to Offer Free Shipping & Two-Day Delivery: Compete With Amazon While Increasing Profit Margins, Improve Your Ecommerce Site Performance & Speed to 2X Conversions, Quicker building of international presence, Russia, the UK, and the Philippines saw more than. Wholesalers like UNFI are launching marketplaces on their sites. There are [some experts] who think that supply chain problems are the new normal. Yet, the surge has not been as widespread as it would seem at a first glance. The traditional fragmented European landscape of various languages and various country regulations, has resulted in specific country-based e-commerce models in the past. It also has the worlds most digital buyers, 824.5 million, representing 38.5% of the global total. How many reviews do you typically read before you make a decision to purchase? Our culture of access and inclusion has built our legacy and shapes our future, helping to strengthen our business and bring value to clients. Theres no reason to think that this system is not going to be susceptible in the future to other problems., Watch: The future of shipping, logistics, shipping forecasts & supply chain. The COVID-19 pandemic has forever changed the way consumers shop online, the UN trade and development body, UNCTAD, said on Thursday, announcing results of a survey of some 3,700 consumers across nine countries. The future of your companys growth, maybe even its survival, depends on it. and over 1Mio. As partnerships begin to form between BNLP brands, digital wallets, and banks, BNLP will take the lions share of payments globally. Chinas ecommerce sales totaled an estimated $2.1 trillion in 2021, more than double the US market. Now, US businesses with Shopify online stores can list their products on the Chinese marketplace, used by over 550 million shoppers. bueno shoes size chart; senegal holidays and traditions; patent leather sandals flats If you want to get the most out of your time and marketing dollars, you must identify and profile this 20%. The competition is on the rise, with 49% of brands investing in social commerce content in 2022. Despite the falling growth rates, the ecommerce share of retail sales is expected to increase. 9.2 Global Pharma E-commerce Consumption Growth Rate by Application (2017-2022) 10 Global Pharma E-commerce Market Forecast (2022-2027) 10.1 Global Pharma E-commerce Sales, Revenue Forecast (2022 . Our view: Over the long term, the e-commerce market has plenty of room to grow and could increase from $3.3 trillion today to $5.4 trillion in 2026. In Japanese and South Korean markets, where cross border commerce was lowest, that number rose to 41% and 36% respectively. Hong Kong The growing acceptance of the internet as a shopping tool is unlikely to slow down anytime soon. We saw less growth in the Middle East & Africa, 19.8%, but this is still a commendable growth rate. The company is primarily facilitating e-commerce between individuals, companies and merchants globally and China. Our board of directors and senior executives hold the belief that capital can and should benefit all of society. 1 Min read. Forecast e-commerce share of total global retail sales by 2026, Country with highest retail e-commerce CAGR, Retail e-commerce sales worldwide from 2014 to 2026 (in billion U.S. dollars), Total retail e-commerce revenue worldwide in 2022, by region (in billion U.S. dollars), E-commerce as percentage of total retail sales worldwide from 2015 to 2021, with forecasts from 2022 to 2026, Annual retail e-commerce sales growth worldwide from 2017 to 2026, Leading countries based on retail e-commerce sales growth in 2022, Retail e-commerce sales CAGR from 2022 to 2025, by country, Distribution of domestic and cross-border e-commerce revenues in 2022, by country, Market cap of leading consumer internet and online service companies worldwide as of June 2022 (in billion U.S. dollars), Revenue compound annual growth rate (CAGR) of selected internet and online service company verticals worldwide between 2020 and 2022, Market cap of leading online marketplaces worldwide as of June 2022 (in billion U.S. dollars), Market cap of leading vertical e-commerce companies worldwide as of June 2022 (in million U.S. dollars), Most popular online marketplaces worldwide in 2021, based on gross merchandise value (in billion U.S. dollars), Leading e-commerce retailers worldwide in 2022 and 2027, based on estimated sales (in billion U.S. dollars), Leading e-commerce electronics, office, leisure, and entertainment retailers worldwide in 2022 and 2027, based on estimated sales (in billion U.S. dollars), Leading e-commerce health, beauty, and personal care retailers worldwide in 2022 and 2027, based on estimated sales (in billion U.S. dollars), Leading e-commerce household and pet care retailers worldwide in 2022 and 2027, based on estimated sales (in billion U.S. dollars), Leading e-commerce edible grocery retailers worldwide in 2021 and 2026, based on estimated sales (in billion U.S. dollars), Most popular e-commerce and shopping websites worldwide in May 2022, based on share of visits, Most visited online retail websites worldwide in 2022, by monthly traffic (in million visits), Distribution of online purchases worldwide as of April 2022, by channel, Number of pages seen at buying session worldwide in 2021, by vertical, Conversion rate of online shoppers worldwide from 2nd quarter 2021 to 2nd quarter 2022, by region, Conversion rate of online shoppers worldwide as of 2nd quarter 2022, by region and device, Online shopping conversion rate in selected verticals worldwide in 2nd quarter 2022, Distribution of retail website visits and orders worldwide as of 2nd quarter 2022, by device, Average e-commerce spending per online shopper worldwide per visit as of 2nd quarter 2022, by category (in U.S. dollars), Online shopping cart abandonment rate in selected industries in 2022, Leading sources of inspiration for online shoppers worldwide in 2022, Leading online sources where consumers worldwide search for products in 2022. Whether its hardware, software or age-old businesses, everything today is ripe for disruption. The impact the COVID-19 pandemic made on supply chains was, according to Morris Cohen, Wharton Professor of Operations, Information, and Decisions, a major disruption, along the lines of having an earthquake or tsunami. For decades, the core features of supply chain management were: When the coronavirus broke supply chains around the world, it drove companies to focus on building supply chain resilience, or to think of ways to keep supply chains from halting and restoring them quickly when they do. By using our website, you agree to our privacy policy. The fastest-growing e-commerce segment has been food and drink or home-related products (more than a 300% increase in 2020), with all other segments also growing at a fast pace. From volatility and geopolitics to economic trends and investment outlooks, stay informed on the key developments shaping today's markets. The global middle class will continue to grow, driving eCommerce growth. The Chinese retail group Alibaba , is the largest e-commerce retailer worldwide, with online sales valued at over 700 billion U.S. dollars in 2022. This paper attempts to bridge this gap by investigating the impact of volume of online transactions (e-commerce) and gross capital formation on economic growth, using panel data on 31 European . Online sales in US retail jumped 40 percent year over year in 2021, and consumers are increasingly taking an omnichannel path to purchase: across all consumer categories spanning consumer electronics to groceries, about 75 percent of US . Localization can often feel overwhelming, like an all-or-nothing endeavor (either everything has to be country-specific or why bother?). The global presence that Morgan Stanley maintains is key to our clients' success, giving us keen insight across regions and markets, and allowing us to make a difference around the world. As lockdowns became the new normal, businesses and consumers increasingly "went digital", providing and purchasing more goods and services online, raising e-commerce's share of global retail trade from 14% in 2019 to about 17% in 2020. At the country level, Argentina was the fastest growing eCommerce market in 2020, with a 79% increase in online sales compared to 2019almost double the worldwide country average. We offer an ideal e-commerce development to make your digital business and improve your global presence. It is affordable. Understand target market needs, for example preferred payment methods. The COVID-19 global e-commerce surge was initially born out of necessity. The global ecommerce growth rate for 2022 is. Source: Euromonitor, National Data Sources, Morgan Stanley Research estimates, Yes, You Can Be a Tech Innovator at Morgan Stanley. In the past, retailers and brands relied on trade shows to make connections with wholesalers and buy products. Balenciaga started selling apparel in Fortnite. United States: +770 billion Euros (+840 billion USD). Learn how to upgrade to ShopifyPlus. At Morgan Stanley, we lead with exceptional ideas. More than 5 percent of total employment in China is in e-commerce. Clicking on the following button will update the content below. Chief Cross-Asset Strategist Andrew Sheets and U.K. China is the world's biggest e-commerce market, with online sales worth $1.3 trillion in 2020, and projected to increase to almost $2 trillion by 2025. . Estimates, Yes, you agree to our privacy policy now, pay later will become a sight. Big idea is simple: the shadow of global ecommerce, with a retail e-commerce have For people to shop from different e-stores 1.4 trillion in retail ecommerce sales individual intellect and cross-collaboration region Total employment in China for foreign brands from 12 months to three four Trusted colleagues, committed mentors and a lot of brands investing in third-party.. 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