E-commerce Market Projected To Reach USD 63.52 Billion By 2027
San Francisco, 24 April 2024: The Report E-commerce Market Size, Share & Trends Analysis Report By Model Type (B2B, B2C), By Region (North America, Europe, APAC, Latin America, Middle East & Africa), And Segment Forecasts, 2020 - 2027 The global e-commerce market size is anticipated to reach USD 27.15 trillion by 2027, expanding at a CAGR of 14.7% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. The significant traction achieved by the e-commerce industry over the past years is a testimony to how the internet has transformed the way people sell and buy goods and services. Several factors including increasing penetration of smartphones, access to high-speed internet, rising disposable incomes, and growing user base of social media platforms have helped the electronic commerce industry gain increased popularity across the globe over the years. Furthermore, banks and other players of the market have completely changed the shopping experience for