In 2024, global retail e-commerce sales reached an estimated ************ U.S. dollars. Projections indicate a ** percent growth in this figure over the coming years, with expectations to come close to ************** dollars by 2028. World players Among the key players on the world stage, the American marketplace giant Amazon holds the title of the largest e-commerce player globally, with a gross merchandise value of nearly *********** U.S. dollars in 2024. Amazon was also the most valuable retail brand globally, followed by mostly American competitors such as Walmart and the Home Depot. Leading e-tailing regions E-commerce is a dormant channel globally, but nowhere has it been as successful as in Asia. In 2024, the e-commerce revenue in that continent alone was measured at nearly ************ U.S. dollars, outperforming the Americas and Europe. That year, the up-and-coming e-commerce markets also centered around Asia. The Philippines and India stood out as the swiftest-growing e-commerce markets based on online sales, anticipating a growth rate surpassing ** percent.
The revenue in the e-commerce market in the United States was modeled to amount to 1.18 trillion U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by 754.29 billion U.S. dollars since 2017. Between 2024 and 2029, the revenue will rise by 655.91 billion U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on eCommerce.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
A comprehensive dataset providing key insights into the eCommerce industry, including global retail online sales projections, number of eCommerce stores, digital buyer statistics, revenue growth in the United States, sector-wise revenue details with a focus on consumer electronics, average conversion rates, and mobile commerce sales forecasts.
https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain
Graph and download economic data for E-Commerce Retail Sales (ECOMSA) from Q4 1999 to Q2 2025 about e-commerce, retail trade, sales, retail, and USA.
As of 2024, the revenue growth of the e-commerce market was over four percent in India. The e-commerce market had the highest growth at over 54 percent in 2020. During the COVID-19 pandemic, consumers switched to online shopping for groceries and other essentials due to lockdowns and social distancing.
Internet sales have played an increasingly significant role in retailing. In 2024, e-commerce accounted for over ** percent of retail sales worldwide. Forecasts indicate that by 2029, the online segment will make up close to over ** percent of total global retail sales. Retail e-commerce Online shopping has grown steadily in popularity in recent years. In 2024, global e-commerce sales amounted to over ************** U.S. dollars, a figure expected to exceed **** trillion U.S. dollars by 2028. Digital development in Latin America boomed during the COVID-19 pandemic, generating unprecedented e-commerce growth in various economies across the region. So much so that Brazil and Argentina appear to lead the world's fastest-growing online retail markets. This trend correlates strongly with the constantly improving online access, especially in "mobile-first" online communities, which have long struggled with traditioe-comernal fixed broadband connections due to financial or infrastructure constraints but enjoy the advantages of cheap mobile broadband connections. M-commerce on the rise The average order value of online shopping via smartphones and tablets still lags traditional e-commerce via desktop computers. However, e-retailers around the world have caught up in mobile e-commerce sales. Online shopping via smartphones is particularly prominent in Asia. By the end of 2021, Malaysia was the top digital market based on the percentage of the population that had purchased something by phone, with nearly ** percent having made a weekly mobile purchase. South Korea, Taiwan, and the Philippines completed the top of the ranking.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The India E-Commerce Market Report is Segmented by Business Model (B2C, B2B, C2C), Device Type (Smartphone / Mobile, Desktop and Laptop, Other Device Types), Payment Method (Credit / Debit Cards, Digital Wallets, BNPL, Other Payment Method), B2C Product Category (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverages, and More). The Market Forecasts are Provided in Terms of Value (USD).
Owing to the increasing internet user base and favorable market conditions, India has a lot of potential in the e-commerce industry. Growing at an exponential rate, the market value of the e-commerce industry in India was 125 billion U.S dollars in 2024. This number was estimated to reach 550 billion U.S. dollars by 2035. E-commerce platforms The competition in the e-commerce business in India is fierce. The market is filled with many local and foreign companies trying to hold the maximum market share. Flipkart and Amazon were the leading ecommerce retailers in the country. Moreover, electronics and apparel are the most popular shopping categories among Indian consumers. Growing trend of e-commerce Increasing growth in the e-commerce industry is attributed to several reasons. Digitizing the economy and the provision of affordable internet are a few of many reasons that boosted the growth of digital sales in India. In 2024, the e-commerce sales across India were estimated to increase by over 19 percent. Consequently, the revenue-generating potential has also increased. The average retail e-commerce revenue collected per user was more than 85 U.S dollars.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
According to Cognitive Market Research, the global cross-border e-commerce market size is USD 791542.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 30.50% from 2024 to 2031.
North America held the major market of more than 40%of the global revenue with a market size of USD 316616.88million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.7%from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 237462.66million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 182054.71million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.5%from 2024 to 2031.
Latin America's market will have more than 5% of the global revenue with a market size of USD 39577.11million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.9%from 2024 to 2031.
Middle East and Africa are the major markets of around 2% of the global revenue with a market size of USD 15830.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.2%from 2024 to 2031.
The Credit/Debit Cards held the highest Cross border E commerce market revenue share in 2024.
Key Drivers of Cross border E commerce Market
Increasing Internet Penetration and Smartphone Adoption to Increase the Demand Globally
One of the key drivers in the cross-border e-commerce market is the increasing internet penetration and smartphone adoption worldwide. As more people gain access to the internet and smartphones, the potential customer base for online shopping expands, leading to a surge in cross-border e-commerce activities. The convenience of shopping online from international retailers, coupled with the availability of a wide range of products and competitive prices, has fueled the growth of cross-border e-commerce. Moreover, the ease of payment through digital wallets and online payment platforms has further facilitated cross-border transactions. This trend is expected to continue as internet infrastructure improves and smartphone technology becomes more affordable, driving the growth of cross-border e-commerce.
Growing Preference for Global Brands and Product Variety to Propel Market Growth
Another key driver in the cross-border e-commerce market is the growing preference among consumers for global brands and a wider variety of products. Cross-border e-commerce allows consumers to access products that may not be available in their local markets, giving them access to a broader selection of goods from around the world. This has led to an increase in demand for international brands and niche products that cater to specific interests and preferences. Additionally, cross-border e-commerce offers consumers the opportunity to compare prices and quality across different markets, empowering them to make informed purchasing decisions. As a result, retailers are increasingly focusing on expanding their product offerings and improving the shopping experience for cross-border shoppers, driving the growth of cross-border e-commerce.
Restraint Factors Of Cross border E commerce Market
Complex Regulatory Environment to Limit the Sales
One of the key restraints in the cross-border e-commerce market is the complex regulatory environment governing international trade and e-commerce. Different countries have varying regulations and policies regarding taxes, customs duties, import/export restrictions, and consumer protection laws, which can create barriers for cross-border e-commerce businesses. Adhering to these regulations can be challenging for e-commerce companies, especially smaller businesses that may not have the resources to navigate the complexities of international trade laws. This can result in delays, additional costs, and legal issues, limiting the growth of cross-border e-commerce.
Logistics Challenges and High International Shipping Costs
A major restraint in the cross-border e-commerce market is the inefficiency and high cost of international logistics. Delivering products across borders involves dealing with multiple carriers, customs delays, varying delivery standards, and return complications—all of which increase the total shipping time and expense. For consumers, this often translates into higher prices and uncertainty around delivery timelines, which can discourage repeat purchases. For sellers...
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The E-commerce App Market is segmented by Type (In-app Purchases, Advertisement), by Platform (Android and iPhone), and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
https://www.marketreportanalytics.com/privacy-policyhttps://www.marketreportanalytics.com/privacy-policy
The North American e-commerce market, encompassing segments like beauty & personal care, consumer electronics, fashion & apparel, food & beverage, and furniture & home, is experiencing robust growth. Driven by increasing internet and smartphone penetration, a preference for convenience, and the expansion of robust logistics networks, the sector shows a Compound Annual Growth Rate (CAGR) of 14.70% from 2019 to 2033. Major players like Amazon, Walmart, and Shopify dominate the B2C landscape, leveraging advanced technologies and data analytics to personalize shopping experiences and optimize supply chains. The B2B e-commerce segment, though less explicitly detailed in the provided data, is also expected to grow significantly, fueled by businesses increasingly adopting digital platforms for procurement and sales. The United States, as the largest economy in North America, forms the core of this market, but Canada and Mexico are also contributing to its expansion, albeit at potentially slightly lower growth rates. Competitive pressures are high, with companies constantly innovating to improve customer experience, expand product offerings, and optimize pricing strategies. While economic downturns might present temporary restraints, the long-term trajectory of the North American e-commerce market remains positive, fueled by ongoing digital transformation and evolving consumer behaviors. The growth is particularly noticeable in sectors like consumer electronics and fashion & apparel, which benefit from visual product presentations and easy online returns. The food and beverage sector, while showing slower growth compared to others, is rapidly adopting online ordering and delivery services, particularly in urban areas. Furniture & home goods e-commerce is also experiencing considerable growth, driven by improved online visualization tools and the increasing convenience of home delivery for bulky items. Geographic variations exist, with urban areas tending to exhibit higher e-commerce penetration rates compared to rural regions. Furthermore, ongoing investments in infrastructure, including last-mile delivery networks and improved payment gateways, are supporting the continued expansion of the market. The next decade will likely see increased competition, potentially leading to consolidation among smaller players, while larger companies continue to invest in technology and expand their market share. Recent developments include: January 2022: Walmart announced that it had invited a few Indian vendors to join its Walmart Marketplace, which has over 120 million monthly visitors in the United States. The company owns Flipkart in India and aims to export USD 10 billion annually from India by 2027., February 2022: Tencent Holdings Ltd and Alibaba Group Holding Ltd.'s e-commerce sites have been added to the US government's latest "notorious marketplaces" list, according to the US Trade Representative.. Key drivers for this market are: Increase in the Adoption of Latest Technology, Increasing Consumer Interest towards Convenient Shopping solutions. Potential restraints include: Increase in the Adoption of Latest Technology, Increasing Consumer Interest towards Convenient Shopping solutions. Notable trends are: Consumer Interest in Convenient Shopping Solutions is driving the E-Commerce market to grow..
https://www.rootsanalysis.com/privacy.htmlhttps://www.rootsanalysis.com/privacy.html
The e-commerce market size is projected to grow from USD 18,171.53 billion in 2024 to USD 79,972.14 billion by 2035, representing a CAGR of 14.42%, during the forecast period 2024-2035
Home And Garden Products B2C E-Commerce Market Size 2025-2029
The home and garden products b2c e-commerce market size is forecast to increase by USD 49.62 billion, at a CAGR of 13.4% between 2024 and 2029.
The market is experiencing significant growth, driven by the increasing trend towards online shopping and the widespread adoption of smartphones. The convenience and accessibility offered by e-commerce platforms have led to a rise in consumer spending in this sector. The emergence of omnichannel retailing further enhances the shopping experience, allowing consumers to seamlessly transition between online and offline channels. However, this market also faces challenges, most notably the criticality of efficient logistics management.
This overhead cost can significantly impact profitability and requires strategic planning and investment in technology and infrastructure. Companies seeking to capitalize on market opportunities and navigate challenges effectively must focus on optimizing their logistics networks and leveraging technology to enhance the customer experience. With the rise in online sales, ensuring timely and cost-effective delivery has become a major concern for retailers. Payment gateways facilitate seamless transactions, while influencer marketing and customer lifetime value strategies foster brand loyalty.
What will be the Size of the Home And Garden Products B2C E-Commerce Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
The home and garden B2C e-commerce market continues to evolve, driven by shifting consumer preferences and advancements in technology. Averaging an impressive growth rate, this sector encompasses a wide range of products, from cleaning supplies and bath linens to small appliances, hand tools, and decorative accents. Pricing strategies vary, with some retailers focusing on competitive pricing to attract customers, while others differentiate through offering premium products and exceptional customer service. Storage solutions, a crucial aspect of home organization, are increasingly being addressed through smart home devices and digital marketing efforts.
Lawn mowers and gardening tools are popular seasonal items, requiring efficient order fulfillment and shipping logistics. E-commerce platforms provide essential infrastructure, enabling features like marketing automation, search engine optimization, and product catalog management. Product sourcing and supply chain optimization are ongoing concerns, with inventory management and returns processing playing significant roles in maintaining customer satisfaction. Home improvement projects often involve large purchases, necessitating careful consideration of product descriptions, customer ratings, and reviews. Outdoor furniture, lighting fixtures, and patio heaters are popular choices for enhancing living spaces. User experience, including website design and mobile commerce, is paramount in attracting and retaining customers.
Security systems and home automation add convenience and peace of mind, integrating with smart home devices and influencing the market's future direction. Pest control and irrigation systems cater to specific niches, while power tools and gardening equipment cater to DIY enthusiasts. Data analytics and social media marketing provide valuable insights into consumer behavior and trends. The home and garden B2C e-commerce market remains dynamic, with continuous shifts in consumer demands, technological advancements, and business strategies. Embracing these changes through effective pricing, storage solutions, smart home devices, payment gateways, influencer marketing, customer service, and e-commerce platforms is essential for success.
How is this Home And Garden Products B2C E-Commerce Industry segmented?
The home and garden products b2c e-commerce industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Application
Home decor
Home improvement products
Others
End-user
Commercial
Household
Distribution Channel
Online marketplaces
Direct-to-consumer
Specialty retailers
Subscription-based platforms
Geography
North America
US
Canada
Europe
France
Germany
UK
APAC
China
India
Japan
South Korea
South America
Brazil
Rest of World (ROW)
By Application Insights
The home decor segment is estimated to witness significant growth during the forecast period. The market encompasses a wide range of items, including cleaning supplies, bath linens, small appliances, hand tools, and more. Customer experience plays a pivotal
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
APAC E-Commerce Market is Segmented by Business Model (B2C, B2B, C2C), Device Type (Smartphone / Mobile, Desktop and Laptop, Other Device Types), Payment Method (Credit / Debit Cards, Digital Wallets, and More), B2C Product Category (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverages, and More), and Country (China, India and More). The Market Forecasts are Provided in Terms of Value (USD).
https://www.marketreportanalytics.com/privacy-policyhttps://www.marketreportanalytics.com/privacy-policy
The US e-commerce market, a colossal sector exhibiting robust growth, is projected to maintain a significant upward trajectory. With a current market size exceeding $1.19 trillion (as of the base year 2025, extrapolated from the provided data), and a Compound Annual Growth Rate (CAGR) of 10.35%, the market is poised for substantial expansion. Key drivers include the increasing adoption of smartphones and internet penetration, coupled with shifting consumer preferences toward online shopping convenience. The rise of social commerce and the integration of advanced technologies like AI and machine learning further fuel this growth. Segmentation reveals that sectors like beauty & personal care, consumer electronics, and fashion & apparel are major contributors to the overall market value. However, challenges remain, including increasing competition, evolving consumer expectations, and the need for robust logistics and delivery infrastructure to meet the demands of a rapidly growing market. While the precise breakdown of segment contributions isn't provided, educated estimations based on industry trends suggest a significant share is held by the aforementioned sectors, followed by food & beverage and furniture & home. The B2B e-commerce segment is also anticipated to experience considerable expansion, mirroring the growth observed in the B2C sector. The competitive landscape is dominated by giants like Amazon, Walmart, and eBay, but smaller players and niche e-commerce platforms are also carving out market share. Geographical distribution shows a concentration in North America, with the United States being the largest contributor. However, growth opportunities are also evident in other regions, including the Asia-Pacific and European markets, though currently representing a smaller portion of the overall market size. Sustained growth will require ongoing investment in technology, supply chain optimization, and customer experience enhancement to meet evolving consumer needs and preferences, while navigating the challenges posed by increasing competition and economic uncertainties. The forecast period, extending to 2033, promises even further expansion, solidifying the US e-commerce market's position as a key driver of the global digital economy. Recent developments include: April 2024: Nordstrom's shopping experience unveiled plans to introduce a new digital marketplace on Nordstrom.com. This marketplace aims to offer customers an enhanced selection of products, brands, and sizes, catering to their preferences. By broadening its product range, the company aims to provide customers with more reasons to choose Nordstrom for all their shopping needs while maintaining its hallmark service and quality.April 2024: TikTok announced that by the end of 2023, over 500,000 merchants were actively selling to US users through its e-commerce platform. This figure marked a significant surge, more than double from just three months prior, showcasing TikTok's intense focus on bolstering its e-commerce initiatives.February 2024: Qoo10 Pte., an e-commerce platform centered in Southeast Asia, finalized a USD 173 million acquisition of Wish, a prominent US online marketplace, from ContextLogic Inc., a company listed on Nasdaq. This strategic move is expected to allow Qoo10 to bolster its global logistics and operations and establish a strong presence in North America and Europe, marking a significant expansion beyond its traditional Asian markets.. Key drivers for this market are: Growing Demand from Apparel and Footwear Industry, Rising Adoption of Advanced Technologies (IOT,ML); High Penetration of Internet and Smartphone Usage. Potential restraints include: Growing Demand from Apparel and Footwear Industry, Rising Adoption of Advanced Technologies (IOT,ML); High Penetration of Internet and Smartphone Usage. Notable trends are: The B2C Segment is Expected to Hold a Significant Market Share.
In 2024, global e-commerce sales grew by *** percent compared to the previous year. In that period, e-commerce accounted for approximately ** percent of all retail sales worldwide. Asian countries lead the way According to an estimate, China and Indonesia ranked **************** respectively on the list of countries with the greatest share of retail sales projected to take place online in 2023. Following the same trend, estimates also revealed that the three fastest-growing retail e-commerce countries in the world are all in Asia. Amazon on top When looking at the leading e-commerce companies worldwide, as opposed to the leading e-commerce countries, ****** is the clear market leader with a market cap of over************n U.S. dollars as of March 2025. Not only that, but the *************************** company is also by far the***** visited online marketplace in the world, with approximately *** billion monthly visits.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The Nigeria E-Commerce Market Report is Segmented by Business Model (B2C, B2B), Device Type (Smartphone / Mobile, Desktop and Laptop, Other Device Types), Payment Method (Credit / Debit Cards, Digital Wallets, BNPL, Other Payment Method), B2C Product Category (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverages, and More). The Market Forecasts are Provided in Terms of Value (USD).
https://dataintelo.com/privacy-and-policyhttps://dataintelo.com/privacy-and-policy
The global luxury e-commerce market size is expected to witness significant growth over the next decade, with a market value of approximately $45 billion in 2023, projected to reach around $110 billion by 2032, growing at a robust CAGR of 11.2%. This impressive growth is fueled by increasing consumer preference for online shopping, technological advancements in e-commerce platforms, and the expanding digital literacy among the affluent population.
One of the primary growth drivers for the luxury e-commerce market is the rising penetration of internet and smartphones across the globe. As more consumers gain access to the internet, the convenience and accessibility of online shopping become more appealing. Additionally, the increasing number of tech-savvy millennials and Generation Z individuals, who prefer online shopping over traditional brick-and-mortar stores, is significantly contributing to the market's growth. These demographics are not only purchasing luxury items for their personal use but are also influenced by social media trends and influencers, further driving sales.
Another vital factor propelling the luxury e-commerce market is the shift in consumer behavior towards digital and contactless transactions. The COVID-19 pandemic accelerated this trend, as lockdowns and social distancing measures limited physical store operations, forcing both retailers and consumers to pivot to online platforms. Luxury brands quickly adapted by enhancing their digital presence and offering personalized online experiences, which included virtual consultations, exclusive online collections, and seamless customer service. This digital transformation has created lasting changes in shopping habits, likely to persist beyond the pandemic.
The rapid advancements in technology have also played a key role in the growth of the luxury e-commerce market. Innovations such as augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) are enhancing the online shopping experience by allowing consumers to virtually try on products, receive personalized recommendations, and enjoy more interactive and immersive shopping environments. These technological enhancements are not only improving customer satisfaction but are also increasing conversion rates and average order values for luxury e-commerce platforms.
The allure of Luxury Clothes has significantly contributed to the growth of the luxury e-commerce market. As consumers increasingly seek exclusive and high-quality apparel, luxury brands are capitalizing on this demand by offering a wide range of luxury clothing online. The convenience of browsing and purchasing luxury clothes from the comfort of one's home, combined with the ability to access limited edition collections and exclusive designs, has made online shopping an attractive option for luxury consumers. Moreover, the integration of advanced technologies such as virtual try-ons and personalized recommendations enhances the online shopping experience, making it easier for consumers to find the perfect luxury outfit that suits their style and preferences.
Regionally, the luxury e-commerce market is witnessing varied growth patterns, with North America and Europe leading the charge due to high internet penetration, advanced digital infrastructure, and a significant base of affluent consumers. However, the Asia Pacific region is emerging as a key growth area, driven by rapid urbanization, rising disposable incomes, and a growing middle class with a taste for luxury goods. Countries like China, Japan, and India are showing substantial growth, with China, in particular, becoming a dominant player due to its large population and increasing number of wealthy consumers.
Within the luxury e-commerce market, the product type segment is diverse and consists of apparel, footwear, accessories, jewelry, beauty products, and others. Apparel remains the largest segment, driven by the continuous demand for high-fashion clothing and the availability of exclusive online collections. Luxury fashion brands are leveraging their websites and mobile apps to launch new collections, offering a seamless shopping experience that rivals that of their physical stores. The fusion of high-end fashion with digital platforms has made luxury apparel more accessible to a global audience.
Footwear is another significant segment within the luxury e-commerce market. The demand f
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The Vietnam E-Commerce Market Report is Segmented by Business Model (B2C, B2B), Device Type (Smartphone / Mobile, Desktop and Laptop, Other Device Types), Payment Method (Credit / Debit Cards, Digital Wallets, BNPL, Other Payment Method), B2C Product Category (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverages, and More). The Market Forecasts are Provided in Terms of Value (USD).
https://scoop.market.us/privacy-policyhttps://scoop.market.us/privacy-policy
As per the latest insights from Market.us, the global AI in eCommerce market is poised for significant growth over the next decade. The market size is expected to reach a value of USD 50.98 billion by 2033, up from USD 5.79 billion in 2023, reflecting a compound annual growth rate (CAGR) of 24.3% during the forecast period from 2024 to 2033. This rapid expansion underscores the growing reliance on artificial intelligence technologies to enhance eCommerce operations, from personalized recommendations to automated customer service.
In 2023, North America dominated the market, holding a substantial share of 38.6%, with a revenue of USD 2.23 billion. The region’s leadership is driven by the high adoption of AI-powered solutions, robust digital infrastructure, and strong investments in innovative technologies. As businesses increasingly seek to improve customer experiences and streamline operations, AI’s role in the eCommerce sector is expected to become even more pivotal, fueling growth in both developed and emerging markets.
The AI in e-commerce market is experiencing rapid growth, with significant investments directed towards enhancing customer engagement and operational efficiency. By 2025, the market size is projected to reach significant figures, driven by the widespread adoption of AI technologies such as chatbots, recommendation engines, and visual search tools. Retailers are leveraging these technologies to improve customer interaction, predict product demand, and create a more engaging shopping environment​.
According to the Adobe Digital Economy Index, online retail sales in the United States for the first quarter of 2021 made up 40% of total retail sales, compared to 36% during the same period in 2020. This noticeable increase highlights a clear spike in online shopping, which has been a key factor driving the growth and adoption of artificial intelligence (AI) in the e-commerce industry. As more consumers shift towards digital platforms for their shopping needs, businesses are increasingly leveraging AI to optimize customer experiences, streamline operations, and personalize interactions, further fueling the expansion of AI technologies within the sector.
The primary driving factors for AI in e-commerce include the need for enhanced customer personalization, improved operational efficiency, and competitive advantage. AI-driven personalization engines are able to tailor product recommendations and marketing messages based on individual user behavior, significantly enhancing the customer experience. Moreover, AI’s capability in inventory and supply chain management helps retailers reduce costs and improve service delivery by predicting demand and optimizing stock levels​.
In 2024, global retail e-commerce sales reached an estimated ************ U.S. dollars. Projections indicate a ** percent growth in this figure over the coming years, with expectations to come close to ************** dollars by 2028. World players Among the key players on the world stage, the American marketplace giant Amazon holds the title of the largest e-commerce player globally, with a gross merchandise value of nearly *********** U.S. dollars in 2024. Amazon was also the most valuable retail brand globally, followed by mostly American competitors such as Walmart and the Home Depot. Leading e-tailing regions E-commerce is a dormant channel globally, but nowhere has it been as successful as in Asia. In 2024, the e-commerce revenue in that continent alone was measured at nearly ************ U.S. dollars, outperforming the Americas and Europe. That year, the up-and-coming e-commerce markets also centered around Asia. The Philippines and India stood out as the swiftest-growing e-commerce markets based on online sales, anticipating a growth rate surpassing ** percent.