E-Commerce Market 2024: Analyzing Trends & Opportunities
The e-commerce market is a dynamic and rapidly evolving sector characterized by continuous innovation, technological advancements, and shifting consumer behaviors.
| E-Commerce Market Statistics (2024) | Predictions and Insights | Source |
|---|---|---|
| 1. The Census Bureau of the Department of Commerce announced that US retail E-commerce sales in the first quarter of 2024 is USD 289.2 billion. | This indicates continued growth, suggesting a sustained consumer shift towards online shopping. | Contact us to view the source. |
| 2. In 2023, e-commerce transactions in China reached USD 6484.3 billion, representing a 9.4% increase over the previous year. Additionally, online retail sales in 2023 accounted for USD 2136.1 billion, marking an 11% rise compared to the previous year. | This highlights the increasing consumer reliance on online shopping platforms and greater investments in e-commerce infrastructure and logistics. | Contact us to view the source. |
| 3. ONDC, an e-commerce network of the Indian government, has expanded its operation in 236 cities and onboarded 36,000 merchants. More than 55,000 taxicab owners have joined the network. | This expansion indicates a significant boost in digital commerce and mobility services. | Contact us to view the source. |
E-Commerce Market – Key Takeaways
The e-commerce market is rapidly expanding, driven by increasing internet penetration and changing consumer behaviors towards online shopping. Government funding and initiatives globally are further accelerating this growth, fostering innovation and digital transformation in the retail sector.