The Rise of E-commerce Users Worldwide: Statistics and Analysis
E-commerce has revolutionized the way people shop and has rapidly gained popularity across the globe. With advancements in technology, increasing internet penetration, and changing consumer behavior, the number of e-commerce users has skyrocketed in recent years.
Introduction
The COVID-19 pandemic has accelerated the growth of the e-commerce industry as people have shifted towards online shopping due to lockdowns and social distancing measures. According to a survey by Statista, global e-commerce sales are expected to reach $4.2 trillion by the end of 2021. This article explores the statistics and analysis of the rise of e-commerce users worldwide.
The Growth of E-commerce Users
The number of e-commerce users has witnessed a significant increase worldwide. According to a report by eMarketer, the number of e-commerce users worldwide is expected to reach 2.14 billion in 2021, up from 1.66 billion in 2016. The same report predicts that the figure will rise to 2.7 billion by 2025.
The Asia-Pacific region has the highest number of e-commerce users, with China being the largest market. According to eMarketer, China has the world’s largest e-commerce market, with 782.5 million digital buyers in 2020. The United States follows closely with 266.9 million digital buyers in 2020.
The Millennial Influence on E-commerce
Millennials, who are tech-savvy and make up a significant portion of the world’s population, are major contributors to the overall growth of e-commerce users. According to BigCommerce, 67% of millennials prefer shopping online rather than in-store. The same report states that millennials spend more money online than any other age group.
In addition, the rise of social media has played a crucial role in the growth of e-commerce. Millennials are highly active on social media platforms and are more likely to make a purchase influenced by social media than any other generation.
The Impact of Mobile Devices on E-commerce Users
The widespread use of mobile devices has also contributed significantly to the growth of e-commerce users. According to Statista, more than 70% of global internet users access the internet through their mobile devices.
The convenience of shopping through mobile devices has made it easier for consumers to shop online, leading to a significant increase in the number of mobile e-commerce users. According to a report by eMarketer, mobile e-commerce sales worldwide are expected to reach $3.56 trillion in 2021, up from $2.91 trillion in 2020.
The Future of E-commerce Users
The e-commerce industry is expected to witness continued growth in the coming years. The increasing adoption of technology and changing consumer behavior will drive the growth of e-commerce users worldwide.
As the world becomes more connected and online shopping becomes more convenient, e-commerce will continue to grow, especially in emerging markets. According to eMarketer, the Asia-Pacific region will continue to be the largest market for e-commerce, and by 2025, it is expected to account for more than 60% of global e-commerce sales.
Conclusion
The rise of e-commerce users worldwide is a result of the increasing adoption of technology and changing consumer behavior. The e-commerce industry is expected to continue its upward trajectory, driven by the growing number of mobile users, the influence of millennials, and the convenience of online shopping. As technology continues to evolve, the e-commerce industry will continue to innovate and transform the way people shop.
