Global E-commerce Market will be US$ 12.35 Billion by 2032
Global E-commerce Market was US$ 6.11 Billion in 2023 and will grow US$ 12.35 Billion by 2032, with a CAGR of 8.13% from 2024 to 2032. The convenience of buying luxury goods and everyday necessities from the comforts of home, along with the rising use of smartphones, are the main factors propelling industry expansion. The abundance of selections, reduced costs in comparison to traditional stores, and technologically enabled online trials of clothing and accessories are other factors fueling the global desire for retail e-commerce.