Global B2C E-Commerce Market: Market Research by Knowledge Sourcing Intelligence
Global B2C E-Commerce market is projected to witness the growth at a CAGR of 13.64% during the forecast period to reach the total market size of US$3,950 billion in 2022, increasing from US$1,834 billion in 2016. The global market of E-commerce is largely driven by increasing usage of smartphones and desktop coupled with growing penetration of internet subscriptions across the globe. The ongoing improvement of ICT infrastructure in regions like Africa and South America provide numerous opportunities for the B2C E-commerce market to grow over the forecasted period. Other factors propelling the B2C E-Commerce market include increasing population base coupled with rising disposable incomes and rising living standard. In addition, easy availability of a diverse variety of products such as books, apparel, cosmetics among many others online largely contributes to market growth. Penetration of mobile internet, bolstered by the combination of 3G and LTE rol...