
The eCommerce market in the global category has shown significant growth over the years, with revenues steadily increasing from 2017 to 2029. In 2017, the revenue stood at US$1.8 trillion, marking the starting point of this upward trend. The following years saw a consistent rise, with 2018 reaching US$2.2 trillion and 2019 climbing further to US$2.5 trillion. The year 2020 saw accelerating growth, with revenue surging to US$3.3 trillion, indicating an increased turn to online channels in global market dynamics. This growth momentum continued in the subsequent years, with revenues rising to US$3.9 trillion in 2021. The trend persisted in 2022, reaching US$4.0 trillion, and 2023 saw a slight increase to US$4.2 trillion. Looking ahead, forecasts predict a strong recovery and continued growth, with revenues expected to reach US$4.6 trillion in 2024, US$5.0 billion in 2025, US$5.4 trillion in 2026, and 5.9 trillion in 2027. The data clearly illustrates the remarkable expansion of the eCommerce market on a global scale. 2028 and 2029 are projected to continue growing quickly, surpassing the US$6.0 trillion mark in 2028 to reach US$6.7 trillion in 2029. Large leaps, right?
Main Facts: Steady Growth in US eCommerce Revenue, 2017-2029
Consistent Growth Trajectory: The global eCommerce revenue has shown steady growth over the years, increasing from US$1.8 trillion in 2017 to US$4.2 trillion in 2023.
Forecasted Expansion: Projections indicate a continuous upward trend, with eCommerce revenue expected to reach US$6.7 trillion by 2029.
Market Dominance: eCommerce remains a dominant force in the worldwide market, with significant revenue figures highlighting its importance in the digital economy.
