![]() ![]() ![]() Given this e-commerce outlook, there’s ample room for small businesses breaking into or expanding their presence within the online shopping space. E-commerce businesses will have to stay agile and adaptable, and continue to embrace change, if they want to stay competitive going forward. But as bright as the future looks, the industry is all but certain to attract a host of new and ever-more-innovative market entrants. The global e-commerce market was valued at $13,497.0 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 12.0% from 2023 to 2030, according to industry reporting and consulting group Grand View Research. “Online sales and shopping are on the uptick and poised to remain a mainstay for many industries going forward,” notes Tim Rosato, president of trend forecasters the Silver Lion Group. “Looking ahead, opportunities for retail e-commerce firms are plentiful.”Įven following five years of continuing and pronounced gains amid the COVID-19 pandemic and skyrocketing digital transformation, expectations still remain high. Coupled with the advent of cutting-edge new technologies such as artificial intelligence (AI) and automation, the future looks bright on multiple fronts. ![]() Likewise, the growth of social commerce and influencer marketing is only helping to fuel further gains in the space. The retail e-commerce outlook is looking up, with mobile, digital, and online shopping on the rise, and the industry currently poised for continuing growth. ![]()
0 Comments
Leave a Reply. |