PUBLISHER: GlobalData | PRODUCT CODE: 1567069
PUBLISHER: GlobalData | PRODUCT CODE: 1567069
The global online retailing report provides analysis, market forecasts, consumer insight and retailer data in the global online retail market to 2028.
The global online market is forecast to showcase a CAGR of 6.3% between 2024 to 2028, reaching sales of $4,142 billion. This growth is anticipated to be fueled by investments in e-commerce capabilities, including retailers' technological capabilities, as well as the expansion of international players.
The Asia-Pacific online retail sector continues to lead the global online market, boasting a 42.7% share in 2023. The region's swift expansion has garnered investments from prominent retailers, including Amazon and Walmart.
In 2023, Amazon continued to assert its dominance in the global online retail market, capturing a market share of 6.9%, an increase from 6.5% in the previous year.