E-commerce Sales Projections Will Hit 7.4 Trillion Dollars by 2025:

According to the International Trade Administration, global retail eCommerce sales will rise steadily by 2024, accounting for nearly 20% of total retail sales. The number is expected to increase by 50% over the next four years, reaching a value of 7.4 trillion dollars by 2025. In early 2020, the pandemic hit the world, and consumer behavior began to change. About 48% of consumers say that the pandemic has permanently altered their shopping habits.

By 2022, worldwide e-commerce sales are expected to total $5.545 trillion, a growth of nearly 20%. By 2025, the share of e-commerce in global retail is projected to reach 24.5 percent. By 2025, China’s retail e-commerce market will represent 33.3% of total retail sales, and 77.9 percent of all online purchases will take place in the country.

A recent report from Finaria, an e-commerce research company, predicts that global e-commerce sales will reach $7.385 trillion. In 2022, that figure was accounted for only 13.6% of total retail sales. However, the market is expected to grow to over seven trillion dollars by 2025. By that time,