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.

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.

Costco's e-commerce sales were forecast at **** billion U.S. dollars worldwide in 2021, with the United States accounting for approximately ** percent of this value. Moreover, online sales of the retail giant were set to reach **** billion U.S. dollars by 2026.

The statistic shows the leading e-commerce platforms worldwide in 2021. At that time, Shopify was run on ** percent of e-commerce sites worldwide. E-commerce platforms provide a virtual store for consumers to buy products and services. The software provides both a virtual storefront as well as a variety of other services necessary for a retailer to run their business, such as inventory and customer relationship management or marketing and promotional tools.

According to estimates, e-commerce sales revenue in Mexico amounted to ** billion U.S. dollars in 2021. The value was forecast to increase by over ** percent and reach about ** billion dollars in 2025 – mostly due to the rise of m-commerce in the North American country.

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.

China's e-commerce retail sales saw strong growth amid the coronavirus pandemic. In 2022, China's retail e-commerce sales value amounted to around **** trillion U.S. dollars, representing a *** percent year-on-year growth. Forecasts show that online retail sales in China will approach **** trillion U.S. dollars by 2027.

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The e-commerce payment market share is expected to increase by USD 376.45 billion from 2020 to 2025, at a CAGR of 26.41%.

This e-commerce payment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers e-commerce payment market segmentation by type (e-wallets, cards, online banking, and direct debits) and geography (APAC, North America, Europe, South America, and MEA). The e-commerce payment market report also offers information on several market vendors, including Amazon.com Inc., American Express Co., Apple Inc., Capital One Financial Corp., Mastercard Inc., PayPal Holdings Inc., Stripe Inc., The OLB Group Inc., UnionPay International Co. Ltd., and Visa Inc. among others.

What will the E-commerce Payment Market Size be During the Forecast Period?

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E-commerce Payment Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising number of online transactions is notably driving the e-commerce payment market growth, although factors such as concerns related to privacy and security may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the e-commerce payment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key E-commerce Payment Market Driver

The rising number of online transactions is notably driving the e-commerce payment market growth. Consumers are progressively adopting internet-connected devices for some transactions. The financial and e-commerce sectors are the main adopters of online transactions. Online transactions are gaining importance among individual consumers as they are very easy, quick, and convenient to use as compared to traditional methods. Consumers are also using smartphones to make online transactions at any time. However, these financial and e-commerce transactions are vulnerable to the threat of cyber-attacks. The use of e-commerce is influenced by the COVID-19 pandemic. To avoid the spread of COVID-19, many countries have announced lockdowns and travel restrictions. Hence, the time spent by people on e-commerce websites is increasing in countries such as the US, the UAE, Italy, India, China, Spain, and Germany. The increase in the use of e-commerce websites is also increasing the demand for e-commerce payment platforms and, consequently, driving the growth of the market.

Key E-commerce Payment Market Trend

The rise in the use of wireless networks is the key market trend driving the e-commerce payment market growth. Increasing internet and wireless broadband penetration are one of the primary drivers for the growth of the e-commerce market as it is driving the social and the mobility phenomenon across the market. The increased distribution of wireless technologies is positively affecting the e-commerce payment market on two levels. Firstly, this infrastructure provides a functional and efficient platform for the vendors to showcase the product in a secure network for all the concerned buyers. Secondly, the entire digital ecosystem of both consumer and enterprise technologies demands the implementation of network access control capabilities to better shield the entire system from malicious software, network vulnerabilities, breaches, and security threats. This growing use of wireless networks will increase the market share of the e-commerce payment market due to their interdependency.

Key E-commerce Payment Market Challenge

The major challenge impeding the e-commerce payment market growth is the concerns related to privacy and security. Payment service providers use online cookies to gather personal data and customer information so that they can customize advertising messages to target key audiences. The indiscriminate use of cookies can infringe client privacy, while location-based online services have raised privacy concerns because these can reveal the geographical location of the customer. In general, online retailers may collect a large volume of data, including addresses, credit card information, passwords, and other credentials. Many companies also collect a large volume of data through cookies and other methods to determine demographics and better target advertising for future transactions. Confidential information, including consumer address and credit card information, is deterrent because m-commerce involves monetary transitions in real time. These factors can inhibit the online experience of customers and hinder the potential growth of the

While having slowed down from an impressive 24.9 percent year-on-year growth in 2017, Amazon's retail e-commerce sales in the United States are still growing in the double digits. In 2019, U.S. e-retail sales of the online platform increased by 19.1 percent and amounted to over 222.6 billion U.S. dollars.

During the peak of the coronavirus (COVID-19) crisis (March-April 2020) when many countries worldwide introduced lockdown measures, e-commerce share in total retail sales saw proportions that were not seen before. In the United Kingdom, where an already mature e-commerce market exists, e-commerce share saw as high as **** percent, before stabilizing in the subsequent periods. In the most current period (as of January 31, 2021), United Kingdom, United States and Canada were the leading countries where e-commerce had a higher share as a proportion of total retail, at **, **, and ** percent, respectively.

The number of users is forecast to experience significant growth in all segments in 2029. This reflects the overall trend throughout the entire forecast period from 2021 to 2029. It is estimated that the number of users is continuously rising in all segments. In this regard, the Consumer Electronics segment achieves the highest value of ****** million users in 2029. Find other insights concerning similar markets and segments, such as a comparison of revenue in Honduras and a comparison of revenue in Spain.The Statista Market Insights cover a broad range of additional markets.

Significant fluctuations are estimated for all segments over the forecast period for the revenue. The revenue decreases towards the end of the forecast period only in the segment Media, while the remaining segments follow a positive trend. The difference between 2021 and 2029 amounts to an absolute value of **** billion U.S. dollars. Find other insights concerning similar markets and segments, such as a comparison of countries or regions regarding user penetration and a comparison of average revenue per user (ARPU) in Russia.The Statista Market Insights cover a broad range of additional markets.

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.

Amazon is by far the leading U.S. company in the e-commerce space. According to forecasts, online sales through Jeff Bezos' platform were set to reach more than *** billion dollars in 2021. Coming in a distant second is retail chain Walmart, with sales expected to surpass ** billion dollars, and followed in third place by e-commerce company eBay, with sales of about **** billion dollars.

From January to March 2025, U.S. retail e-commerce sales amounted to roughly *** billion U.S. dollars, marking a small decrease compared to the previous quarter. Overall, retail e-commerce sales outdid the quarterly sales records registered in 2020. E-commerce in the post-pandemic era During the second quarter of 2020, as COVID-19 spread across the globe, the U.S.'s quarterly e-commerce revenue reached *** billion for the first time in history. In 2021, online retail sales account for**** percent of total retail in the United States. Clothing and accessories, including footwear, is one of the largest B2C e-commerce merchandise categories. Retail e-commerce sales in the United States are estimated from samples used for the Monthly Retail Trade Survey and exclude online travel services, ticket sales agencies, and financial brokers. Latest trend? Quick commerce Shoppers expect fast delivery of their purchases, especially when it comes to grocery products. This segment of the e-commerce industry goes under quick commerce and is expected to generate increasing revenue in the next years. Major quick commerce companies like Instacart or Uber Eat operate in the United States, where the quick commerce market is forecast to hit nearly ** billion U.S. dollars by 2027.

Forecasts suggest, that in 2023, online retail sales in Canada amounted to nearly *** billion Canadian dollars. Furthermore, by 2027, e-commerce retail sales in the North American country would be more than *** billion Canadian dollars. Canada’s online shopper specs In 2021, Canada was home to over*** million digital buyers, and the figure is expected to surpass ** million by mid-decade. Among Canadians who shop online, the majority tend to make their online purchases on desktops rather than mobile devices, with desktop e-shopping generating an estimated ** billion U.S. dollars in 2021. Additionally, chain retail generates a significant portion of Canada’s total e-commerce sales, making up a forecasted total of ** billion U.S. dollars by the end of 2022. Even though most of these sales are first-party, third-party sellers are set to double sales in the next 5 years. Amazon in Canada With its massive global success, Amazon is unsurprisingly one of Canada’s biggest e-commerce players and is responsible for a significant portion of third-party e-commerce sales. On Amazon’s Canadian site, amazon.ca, the company is expected to complete 2022 with a sales value of almost ** billion U.S. dollars, roughly one-tenth of the country’s forecasted retail e-commerce sales for the same year. Amazon also ranked as Canada’s leading e-commerce grocery site in 2021. The platform offered approximately ****** different packaged food products, boasting a much larger inventory than other Canadian-native grocery e-retailers.

In 2024, retail e-commerce sales in the United States reached an estimated **** billion U.S. dollars, roughly double the sales value reached in 2019. E-commerce's growth trajectory Driven by the escalating integration of technology into daily life, e-commerce has witnessed a remarkable surge in popularity. Projections indicate a significant uptick in e-commerce users in the United States, rising from *** million in 2025 to over *** million by 2029. As of 2023, apparel and accessories ranked as the most sought-after e-commerce product category, comprising over ** percent of all retail sales in the U.S. This trend persists despite inflationary pressures, positioning this category among the e-commerce segments experiencing the most significant year-on-year price changes. M-commerce users demographic While the demand for the convenience of purchasing from the palm of one's hand is also rapidly increasing, various demographic factors influence mobile commerce usage. There's a higher proportion of male online shoppers than females, with a split of ** percent versus ** percent. Age is another determinant. Younger consumers exhibit a greater inclination towards m-commerce, with ** percent of mobile shoppers falling within the ** to ** age bracket. Furthermore, income levels also shape mobile shopping habits, with individuals earning less than ****** U.S. dollars annually showing the highest propensity for mobile-based purchases.

In the last quarter 2024, e-commerce and electronic data interchange represented **** percent of net sales generated by the group Fastenal. That was an increase compared to the same quarter of the previous year, when digital channels accounted for **** percent of the revenue generated by the industrial supplies distributor.

In 2021, food and beverage stores generated 26.7 billion U.S. dollars through online retail sales in the United States. In total, sales of this type of retail establishments amounted to nearly 890 billion U.S. dollars that year. E-commerce sales of apparel and clothing accessories, in turn, registered e-commerce sales of 20.5 billion U.S. dollars.

It was estimated that e-commerce sales in Chile accounted for ** percent of all retail sales in that South American country in 2021. The rate was forecast to reach ** percent by 2023. Likewise, the revenue generated by online sales in Chile was set to increase.