Electronic Commerceresearch report

E-commerce report 2020 From GroupM

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The following is the E-commerce report 2020 From GroupM recommended by recordtrend.com. And this article belongs to the classification: Electronic Commerce, research report.

In 2020, the sales volume of retail e-commerce will be nearly 4 trillion US dollars. To quantify the size of e-commerce, GroupM estimates e-commerce spending in many of the world’s largest retail economies and consumers.

GroupM estimates that the global retail e-commerce market (including car sales, but excluding food and delivery services) will reach $3.9 trillion by 2020, accounting for 17% of global retail sales. With the rapid development of e-commerce, GroupM predicts that retail e-commerce sales will reach $10 trillion by 2027. By 2024, the annual sales of e-commerce with retail as the center will reach US $7 trillion, accounting for 25% of the retail sales at that time. If the growth in the next few years remains at a low double-digit level, global e-commerce sales will reach $10 trillion by 2027.

GroupM estimates that including automobile sales will reduce the share of e-commerce, but considering the increasing attention of automobile to e-commerce, it is worth including automobile. GroupM included cars and gasoline in its analysis, but excluded digital variants of fast-growing food services, such as delivery apps. In some major markets, e-commerce will account for only one digit of retail activity by 2020, such as Canada, Australia and Japan. Sales in these markets are far below the level of China, the world’s largest e-commerce market. China’s equivalent sales in 2020 account for 25% of total retail sales. However, in the next few years, the growth of these markets will usually be faster, especially those countries that are more affected by the pandemic. For example, the growth rate of e-commerce sales in Canada and Australia accelerated significantly in the first and second quarters of 2020. In contrast, China’s annual growth rate is slower.

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