E-commerce is the future of business and with the rise of 4G/5G mobile technology, easy access to the internet and data, improvement in education level, and improved trust in online business had propelled E-commerce.
E-Commerce is an important part of today’s economy, surpassing $5.2 trillion in e-retail sales worldwide in 2021, and this figure is only expected to reach new heights in the coming years.
In 2021, ecommerce accounted for nearly 19% of retail sales worldwide. In fact, according to Statista, the online segment will make up close to a quarter of total global retail sales by 2026. These figures show that e-commerce is here to stay.