- China biggest e-commerce market, according to figures from the Statista Digital Market Outlook.
- In 2020 e-commerce sales in China stood at $1.3 trillion and that number is projected to increase to almost $2 trillion by 2025.
- Worldwide, e-commerce is expected to grow at an average of 47% in the next five years.
- The Asian market is expected to grow at 51%, with Europe and North America growing by 42% and 35% respectively.
China is by far the biggest e-commerce market in the world as seen in figures from the Statista Digital Market Outlook. Last year, e-commerce sales in the country stood at $1.3 trillion and that number is projected to increase to almost $2 trillion by 2025. This would mean that in 4 years, almost every second e-commerce dollar could be spent in China.
Revenues generated in China make up the majority of the Asian market. Yet, other markets on the continent are already growing at a faster rate than the Chinese market. Chinese growth remains above the world average, however.
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In 2018, internet connectivity finally reached over half the world’s population. Yet some 3.4 billion people – about 50% of the world’s population – are still not online.
Although much progress has been made in closing this digital divide, the challenge remains overwhelming, complex and multidimensional. It requires a collaborative, multistakeholder approach to overcome four key barriers to internet inclusion: infrastructure; affordability; skills, awareness and cultural acceptance; and relevant content.
The World Economic Forum launched Internet for All in 2016 to provide a platform where leaders from government, private-sector, international organizations, non-profit organizations, academia and civil society could come together and develop models of public-private collaboration for internet inclusion globally.
Since its launch, Internet for All has achieved significant on-the-ground results globally - including launching four operational country programmes in Rwanda, South Africa, Argentina and Jordan.
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In Europe and the U.S., e-commerce is expected to grow by 35 percent to 42 percent in five years, below the world average of 47 percent.