The Internet connects the world. As of July 2024, 5.45 billion people, or 67.1% of the world’s population, are internet users. Of these, 5.17 billion (63.7%) were active on social media.
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global retail e-commerce growth According to Statista, the period through 2029 will be volatile, but the overall trend will be positive. The food sector will have the highest revenue, reaching an estimated $1.23 trillion by the end of the period.
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Furthermore, Turkey is expected to see the highest growth in retail e-commerce from 2024 to 2029, with an average annual growth rate of 11.6% until 2029. This includes India and Brazil. The world’s fastest growing e-commerce marketEach is expected to have a CAGR of over 11%.
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Additionally, during Q2 2024, online shoppers around the world spent an average of approximately $2.78 per visit across all categories. Health and beauty was the most common at $3.27 per visit, followed by home furnishings at $3.09 per visit.
