Based on the way that e-commerce has grown, it’s safe to say that consumers love the convenience of being able to shop online.
In 2021, global e-commerce sales grew by 16.2% to more than $4.9 trillion, accounting for 19.6% of all retail sales worldwide. And this trend isn’t slowing down, with that sales figure predicted to climb to nearly $7.4 trillion by 2025, and more than a quarter of global retail sales are expected to be online. Historically, from 2005 to 2007, year-over-year growth averaged 23% before dropping to around 3% during the economic crisis in 2008 and into 2009. The growth returned sharply in 2010 at 16.6% and has since held around 15% growth on average year over year.