Rising inflation and surging cost of living dampened consumer spending globally in H2 2022. For brands and marketplaces to remain competitive, players must identify new opportunities and constantly evolve with the latest emerging trends in the sector.Ĭonsumer spending is expected to decline further in H1 2023 amid economic uncertainties globally

Investment in virtual shopping experiences is projected to increase over the next three to four years, as metaverse gains more popularity among shoppers globally. The outbreak has changed the way consumers interact and engages in online shopping and retailers and marketplaces are responding to the shift in consumer behavior with personalized shopping experiences.Īcross markets, the industry is projected to record strong growth in order volume and transaction value. Globally, B2C Ecommerce Gross Merchandise Value will increase from US$6,479.9 billion in 2022 to reach US$9,034.9 billion by 2027.Įver since the pandemic outbreak, the global B2C e-commerce industry has recorded strong growth, amid the rapid adoption and acceptance of digitization across all segments. The B2C Ecommerce is expected to grow steadily over the forecast period, recording a CAGR of 6.64% during 2023-2027. The Medium to long-term growth story of global B2C Ecommerce industry promises to be attractive. Global B2C Ecommerce industry is expected to grow by 7.80% on annual basis to reach US$6,985.5 billion in 2023.

DUBLIN, Ma/PRNewswire/ - The 'Global B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2023 Update' report has been added to 's offering.

Virtual machine consolidation