Why start now?
As a growing e-commerce company, we recognize the significant growth potential that exists in this space. With rising consumer adoption, the increase of mobile commerce, and the expansion of cross-border e-commerce, there has never been a better time for new businesses to enter and succeed in the market.
Consumer adoption is a major driver of e-commerce growth. As technology advances and online shopping becomes more convenient and accessible, an increasing number of consumers are preferring to shop online. This upward trend is expected to continue, with global e-commerce sales expected to reach $6.38 trillion by 2023, up from $3.53 trillion in 2019.
Another area of significant growth in the e-commerce space is mobile commerce. As smartphones and tablets become more common, consumers are increasingly using them to shop online. According to Statista, mobile commerce sales are expected to reach $3.56 trillion in 2021, up from $2.92 trillion in 2020. This presents a huge opportunity for e-commerce businesses to reach out to new customers and increase sales through mobile channels.
Finally, cross-border e-commerce is a rapidly growing segment of the e-commerce market. The potential market for cross-border e-commerce is rapidly expanding as more consumers around the world gain access to the internet and digital payment methods. According to a DHL report, cross-border e-commerce is expected to reach $4.8 trillion by 2025, up from $400 billion in 2015.
We believe that there has never been a better time to start an e-commerce business. With the e-commerce trends and growth drivers, entrepreneurs and business owners can position themselves for success and capitalize on the tremendous opportunities that this space has to offer. We believe that by staying ahead of the curve and embracing new technologies and approaches to e-commerce, businesses will be able to thrive and grow in the coming years.
Get in touch with us to see how we can help you in your E-commerce journey.