Blog > Marketplace News > The global e-commerce market is growing explosively, and retail sales are expected to approach $7 trillion in 2028
The global e-commerce market is growing explosively, and retail sales are expected to approach $7 trillion in 2028
Jayson 14 Jun 2024 12:22
On June 7, the international authoritative research organization Forrester released a latest forecast data, which shows that by 2028, global online retail sales are expected to reach a staggering 6.8 trillion US dollars, compared with 4.4 trillion US dollars in 2023, which will achieve a 54% increase, and the average annual compound growth rate will reach 8.9%.
It is reported that e-commerce has become a new engine of economic growth worldwide.
Forrester's forecast data shows that although offline retail still dominates, online retail has a strong growth momentum and is gradually changing consumers' shopping habits.
Statista's data shows the same point of view, pointing out that global e-commerce retail sales will grow rapidly at an annual compound growth rate of 9.83% from 2024 to 2028.
It is reported that e-commerce has become a new engine of economic growth worldwide.
Forrester's forecast data shows that although offline retail still dominates, online retail has a strong growth momentum and is gradually changing consumers' shopping habits.
Statista's data shows the same point of view, pointing out that global e-commerce retail sales will grow rapidly at an annual compound growth rate of 9.83% from 2024 to 2028.
