Business To Consumer (b2c) Ecommerce Market Size, Share, Trends, Analysis And Forecast

January 19, 2023 ⚊ 1 Min read ⚊ Views 56 ⚊ BUSINESS

The Business-to-Consumer (B2C) eCommerce market size was valued at US$ 5.53 trillion in 2021 and expected to grow at a compound annual growth rate (CAGR) of 9.7% during 2021-2026. The key to this growth has been the spread of the internet, with the number of users worldwide increasing from 847 million in 2010 to 4.9 billion in 2021 and high smartphone penetration. Additionally, lockdowns and social distancing accelerated the adoption of ecommerce, with consumers getting accustomed to online shopping during the pandemic. Over the forecast period, the online demand is expected to remain strong, favoring the B2C eCommerce growth.

Read details: https://globaldata.com/store/report/business-to-consumer-ecommerce-market-analysis/

Tags: ECommerce Market