The e-commerce sector is a transformative pillar of the global economy, revolutionizing how goods and services are bought and sold. By leveraging technology, it offers unparalleled convenience, accessibility, and efficiency, reshaping traditional retail and creating new business opportunities. In 2024, the global e-commerce market was valued at approximately $6.3 trillion, accounting for over 7% of global GDP, with an estimated 35 million people employed in roles ranging from logistics and customer service to marketing and IT.Â
The sector is projected to grow at a CAGR of 9.7%, reaching $8.1 trillion by 2026, driven by rising internet penetration, mobile commerce, and advancements in payment and delivery systems. Leading players include China, with giants like Alibaba and JD.com; the United States, home to Amazon and eBay; and India, rapidly growing with platforms like Flipkart. The e-commerce industry continues to drive innovation, foster global trade, and boost economic inclusivity worldwide.
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