The world of online shopping has evolved significantly in recent years. According to reports, the global eCommerce market will hit $5.7 trillion by the end of 2022. And by 2023, experts predict a 22% increase in digital sales.
This incredible surge in the global eCommerce market is due to the chinese student data double-digit growth of the industry in several continents.
in several countries around the world. They no longer have to visit the store or wait a long time to receive the goods. Instead, they will use their smartphones to find the product and have it delivered with just a few clicks.
It offers investors numerous opportunities to get involved in the industry. From research to shipping, investors can facilitate the growth of this multi-sector industry and produce high returns.
However, before availing the investment benefits of the e-commerce industry, it is essential to conduct a thorough research. This article will discuss the performance and scope of the online shopping industry in different continents. So, let’s get started!
Europe
Online shopping has become important among European pat owens owner customers, with an e-commerce user penetration rate close to 60% in the most developed e-commerce regions.
It should come as no surprise that by 2025, the Consumer demand European e-commerce business could generate more than 1.8 trillion US dollars. These are a lot of numbers, considering that there are 50 countries in Europe. However, Italy stands out among the other countries on this continent.
This is due to the government initiatives to encourage
foreign nationals to invest in Italy. In short, you can avail of Italian residency by using an investment program. There are numerous government-approved projects including eCommerce that you can invest in and promote full compliance with EU rights. These professionals can assist you with the Italian Investor Visa and further explain its benefits. However, it drives people from different countries to build and grow the Italian eCommerce industry.
Additionally, improved broadband connectivity and Internet caseno data access infrastructure are fueling the sector. Improvements in payment transparency, legal validity of digital signatures , and the spread of mobile devices and smartphones have accelerated its growth.
South and North America
South and North America are among the fastest growing eCommerce regions in the world. The implementation of advanced technologies such as secure payment gateways , in-store pickup options, and AI-based pricing tools are further driving this industry forward.
According to reports, eCommerce sales in Latin America for 2022 will be around $198 billion. And this will increase to $382 billion by 2025. This is because there are currently almost 300 million eShoppers in more than 15 regions across the continent.