United Kingdom E Commerce: Mobile Connections: Broadband data was reported at 57.500 % in 2016. This records a decrease from the previous number of 68.000 % for 2015. United Kingdom E Commerce: Mobile Connections: Broadband data is updated yearly, averaging 57.550 % from Dec 2009 (Median) to 2016, with 8 observations. The data reached an all-time high of 68.000 % in 2015 and a record low of 36.000 % in 2009. United Kingdom E Commerce: Mobile Connections: Broadband data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.S032: E Commerce: Proportion of Businesses With Internet Access and Type of Connection.

In 2023, global retail e-commerce sales reached an estimated 5.8 trillion U.S. dollars. Projections indicate a 39 percent growth in this figure over the coming years, with expectations to surpass eight trillion dollars by 2027.

World players Among the key players on the world stage, the Chinese retail giant Alibaba holds the title of the largest e-commerce retailer globally, accounting for a 23 percent market share. Nevertheless, forecasts suggest that by 2027, Seattle-based e-commerce powerhouse Amazon will surpass Alibaba in estimated sales, reaching a staggering 1.2 trillion U.S. dollars in online sales.

Leading e-tailing countries The Chinese e-commerce market was the biggest worldwide in 2023, as internet sales constituted almost half of the country's retail transactions. Indonesia ranked second with the highest share of retail sales online (32 percent), closely trailed by the United Kingdom and South Korea, exceeding the 30 percent mark. That year, the up-and-coming e-commerce markets 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 20 percent.

United Kingdom E Commerce: Mobile Connections: Broadband: 1000+ Employees data was reported at 97.100 % in 2016. This records an increase from the previous number of 96.400 % for 2015. United Kingdom E Commerce: Mobile Connections: Broadband: 1000+ Employees data is updated yearly, averaging 96.650 % from Dec 2009 (Median) to 2016, with 8 observations. The data reached an all-time high of 97.400 % in 2013 and a record low of 89.000 % in 2009. United Kingdom E Commerce: Mobile Connections: Broadband: 1000+ Employees data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.S032: E Commerce: Proportion of Businesses With Internet Access and Type of Connection.

In the second quarter of 2023, mobile phones were the preferred device among online shoppers in the United Kingdom (UK), with 48 percent of shoppers reporting a preference for mobile commerce. Computers followed behind with 40 percent reporting that they prefer their online shopping through laptops and desktops. Only 13 percent of respondents opted for tablets as their go-to device for online shopping.

United Kingdom E Commerce: Mobile Connections: Broadband: 10-49 Employees data was reported at 52.800 % in 2016. This records a decrease from the previous number of 65.000 % for 2015. United Kingdom E Commerce: Mobile Connections: Broadband: 10-49 Employees data is updated yearly, averaging 52.800 % from Dec 2009 (Median) to 2016, with 8 observations. The data reached an all-time high of 65.000 % in 2015 and a record low of 30.800 % in 2009. United Kingdom E Commerce: Mobile Connections: Broadband: 10-49 Employees data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.S032: E Commerce: Proportion of Businesses With Internet Access and Type of Connection.

United Kingdom E Commerce: Mobile Connections: Broadband: 250-999 Employees data was reported at 90.900 % in 2016. This records a decrease from the previous number of 92.000 % for 2015. United Kingdom E Commerce: Mobile Connections: Broadband: 250-999 Employees data is updated yearly, averaging 90.900 % from Dec 2009 (Median) to 2016, with 8 observations. The data reached an all-time high of 93.900 % in 2013 and a record low of 73.800 % in 2009. United Kingdom E Commerce: Mobile Connections: Broadband: 250-999 Employees data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.S032: E Commerce: Proportion of Businesses With Internet Access and Type of Connection.

United Kingdom E Commerce: Mobile Connections: Broadband: 50-249 Employees data was reported at 78.700 % in 2016. This records a decrease from the previous number of 80.800 % for 2015. United Kingdom E Commerce: Mobile Connections: Broadband: 50-249 Employees data is updated yearly, averaging 78.750 % from Dec 2009 (Median) to 2016, with 8 observations. The data reached an all-time high of 84.500 % in 2013 and a record low of 56.200 % in 2009. United Kingdom E Commerce: Mobile Connections: Broadband: 50-249 Employees data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.S032: E Commerce: Proportion of Businesses With Internet Access and Type of Connection.

eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. In the 2000’s, eBay went on a spending...

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Metaverse In E-Commerce Market Size 2024-2028

The metaverse in e-commerce market size is forecast to increase by USD 193.44 billion at a CAGR of 52.65% between 2023 and 2028.

The metaverse in digital commerce is witnessing significant growth, driven by the increasing popularity of augmented reality (AR) technology. The metaverse offers a highly personalized digital experience for consumers, allowing them to explore virtual stores and interact with products in a more engaging way. One trend shaping the metaverse in e-commerce market is the integration of blockchain technology, which enhances security and transparency. However, privacy and security concerns remain a challenge, as data breaches and the use of AR and VR headsets raise questions about user data protection. The market is expected to continue its growth trajectory, with companies like Peridot Investments leading the way in developing innovative metaverse solutions.

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The market is on the brink of a revolutionary transformation with the integration of metaverse technology. Metaverse, a virtual world where users can interact in 3D environments, is set to redefine the digital commerce landscape. Blockchain technology, with its immutable and secure nature, plays a pivotal role in metaverse commerce through smart contracts and non-fungible tokens (NFTs). Virtual and augmented reality technologies bring a new dimension to shopping experiences, allowing customers to try products in a more engaging way. Artificial intelligence and machine learning algorithms personalize shopping journeys, while 5G technology ensures seamless connectivity.
Metaverse commerce is characterized by its security, with blockchain providing protection against data breaches. AR market and VR headsets, desktops, mobile, and tablets serve as access points for this new commerce era. Edge computing and online dashboards enable real-time data processing, enhancing customer experiences. As the metaverse commerce market continues to evolve, revenue estimation is expected to grow exponentially, offering a promising future for businesses.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Platform

  Computer
  Mobile
  Headset


Technology

  AR and VR
  Blockchain
  Mixed reality
  Others


Geography

  North America

    US


  APAC

    China
    Japan


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Platform Insights

The computer segment is estimated to witness significant growth during the forecast period. This can be attributed to the increasing internet penetration and the fact that most shopping activities on platforms like Amazon.Com Inc. Are conducted using desktop computers or laptops. The dominance of computers in digital commerce can also be explained by the significant amount of time, approximately 55.9%, spent on websites. Moreover, many digital commerce websites are optimized for desktop use, providing users with a more comprehensive shopping experience. The market is also witnessing the integration of advanced technologies such as Peridot blockchain, Augmented Reality (AR), and Virtual Reality (VR) Headsets. However, as the market expands, concerns regarding data breaches and cybersecurity threats continue to arise. These challenges necessitate security measures to ensure the protection of user data and maintain consumer trust.

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The computer segment was valued at USD 3.89 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In the dynamic landscape of digital commerce, the metaverse is emerging as a game-changer, with North America leading the charge in 2023. Factors such as escalating investments in Augmented Reality (AR) technology and the expanding consumer base adopting advanced applications are propelling the market in this region. With an extensive internet infrastructure and a burgeoning number of smartphone-market-industry-analysis'>smartphone users and online retailers, the US and Canada present significant opportunities for growth. The presence of a large pool of tech-savvy consumers and experts, many of whom have launched their digital commerce ventures, further fuels the market expansion in North America. Peridot, a key component in AR technology, and Blockchain, a secure platform fo

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Digital Payment Market Size 2025-2029

The digital payment market size is forecast to increase by USD 304.95 billion at a CAGR of 25.5% between 2024 and 2029.

The market is witnessing significant growth due to the increasing use of smartphones and the emergence of mobile payments through NFC systems and e-wallets. The convenience and speed of digital payments have made them increasingly popular, particularly among younger generations. However, data security remains a major concern, with payment gateways and ATMs being prime targets for cyber attacks. To address this issue, advancements in technology such as near field communication, wearables, and blockchain technology are being adopted to enhance security. Furthermore, the integration of machine learning and information services in digital payment systems is expected to improve user experience and streamline transactions. In addition, the rise of renewable energy solutions and the integration of digital payments in POS terminals and e-commerce platforms are further driving market growth. Despite these opportunities, challenges such as privacy concerns and the need for regulatory compliance persist. Overall, the market is poised for continued expansion, with mobile apps, computer-based payments, and LED displays becoming increasingly common in the US and North American markets.

What will be the Size of the Digital Payment Market During the Forecast Period?

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The market is experiencing significant growth as technological advancements and increasing smartphone penetration drive the shift towards cashless transactions. Mobile wallets, digital payment cards, and cloud-based digital solutions are transforming the way adults worldwide conduct business and make purchases. With the proliferation of smartphones and improved internet accessibility, consumers are increasingly relying on user-friendly mobile applications for making payments, whether it be at retail terminals, POS systems, or online.
The market's size is projected to reach billions of people, representing a substantial portion of the world's total transactions. Technological developments, such as EUPay, EPI, and Verve Card, continue to facilitate seamless digital payment processing, enabling businesses to cater to the evolving needs of consumers in the world of web commerce. The convenience offered by digital payments is a key driver of market growth, as more and more people embrace the ease and security of card-based transactions.

How is this Digital Payment Industry segmented and which is the largest segment?

The digital payment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Large enterprises
  SMEs


Component

  Solutions
  Services


Deployment

  On-premises
  Cloud


Method

  Digital wallets
  Bank cards
  Digital currencies


Application

  BFSI
  Media and entertainment
  IT and telecommunication
  Hospitality
  Healthcare


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  South America

    Brazil


  Middle East and Africa

By End-user Insights

The large enterprises segment is estimated to witness significant growth during the forecast period. The digital payments market has experienced significant growth due to the increasing usage of mobile wallets, digital payment cards, and contactless payments. Technological developments, such as NFC and QR codes, have enabled user-friendly smartphones to facilitate mobile payment solutions, including Apple Pay, Google Pay, and Samsung Pay. These innovations have gained popularity among tech-savvy consumers, leading to an increase in e-commerce sales and cashless methods. Businesses across industries, including retail, hospitality, and finance, have adopted digital payment systems for their convenience and strong security measures. International trade and cross-border transactions have also increased, driving the demand for digital payment services.

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The large enterprises segment was valued at USD 28.1 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The digital payments market is experiencing significant growth, particularly in the Asia-Pacific (APAC) region. This expansion is primarily driven by the rapid urbanization and increasing internet penetration in the area. The

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From September to November 2023, Google.com was the leading website in the United Kingdom with more than 4.98 billion monthly visits. The search engine was also popular in its UK top-level domain, with Google.co.uk reaching 255 million views and placing tenth in the ranking. YouTube and Facebook were the most visited social media platforms, ranking second and fourth most visited websites in the country.

As of February 2025, China ranked first among the countries with the most internet users worldwide. The world's most populated country had 1.11 billion internet users, more than triple the third-ranked United States, with just around 322 million internet users. Overall, all BRIC markets had over two billion internet users, accounting for four of the ten countries with more than 100 million internet users. Worldwide internet usage As of October 2024, there were more than five billion internet users worldwide. There are, however, stark differences in user distribution according to region. Eastern Asia is home to 1.34 billion internet users, while African and Middle Eastern regions had lower user figures. Moreover, the urban areas showed a higher percentage of internet access than rural areas. Internet use in China China ranks first in the list of countries with the most internet users. Due to its ongoing and fast-paced economic development and a cultural inclination towards technology, more than a billion of the estimated 1.4 billion population in China are online. As of the third quarter of 2023, around 87 percent of Chinese internet users stated using WeChat, the most popular social network in the country. On average, Chinese internet users spent five hours and 33 minutes online daily.

In 2023, digital advertising spending in Europe amounted to 96.9 billion euros, up by over 11 percent compared to the value of 87.2 billion recorded a year earlier. These figures do not include Russia and Belarus. The 2021 market size including the two Eastern European countries stood at 92 billion euros.

Digital is the common thread running through Europe’s advertising patchwork

Europe’s advertising industry is as diverse and multi-faceted as the people it aims to address. But despite vast regional differences regarding technological advances and consumer preferences, there has been a visible trend toward digital advertising activities in recent years. Based on the latest available data, digital accounted for 59 percent of Europe’s total ad spend in 2021, and this share is set to expand even further in the future. Zooming in on Western Europe, one can see that the internet has drawn particularly large chunks of advertising investments recently.

The UK sets the tone for digital advertising in Europe

The United Kingdom is the largest digital ad market in Europe. In 2022, digital ad expenditure in the UK reached an all-time high of 26.1 billion British pounds, up from less than five billion only a decade earlier. Not only that, but this figure also surpassed spending recorded in the four next largest European ad markets collectively. The UK has also been at the forefront of another distinctive trend, namely the shift towards mobile. Reports have indicated that the share of mobile in European digital ad spend currently stands at an estimated 48 percent, whereas investments in mobile ad campaigns already hit the 60-percent mark in the UK in 2021.