PUBLISHER: yStats.com | PRODUCT CODE: 1505863
PUBLISHER: yStats.com | PRODUCT CODE: 1505863
Global Trends in B2C E-Commerce & Innovations in Online Payments 2024: Reveals that globally, the B2C E-Commerce market is forecasted to reach EUR 7.6 tril. by 2026, Reports by yStats.com
Asia-Pacific at the Forefront of Global E-Commerce
Asia-Pacific, with China and India at the forefront, leads the global E-Commerce market. The region's high internet and smartphone penetration and advancements in mobile commerce and AI-driven shopping are key. China's B2C E-Commerce market is projected to exceed EUR 3 trillion by 2027.
Innovations in Digital Payments Drive Market Growth
Digital payment innovations, such as mobile wallets, BNPL options, and real-time payments, enhance consumer convenience and security. In-car payments are gaining traction in Asia-Pacific, with China's market for connected car services forecasted to surpass EUR 30 billion by 2025.
Regional Insights
North America's market remains robust, driven by high consumer spending and advanced payment solutions. Europe benefits from a supportive regulatory framework for seamless cross-border transactions. Latin America and the Middle East & Africa are experiencing significant growth due to increased internet access and mobile connectivity.