With total revenue of $1.543 trillion in 2021, China has become the largest e-commerce market in the world, even outpacing the United States. The Chinese e-commerce market size increased by 15% on a year-over-year basis in 2021, thus contributing to the worldwide growth rate of 29%.
Revenue in the global e-commerce market is anticipated to grow at a CAGR of 11.35% over the next three years, hitting $5.726 trillion by 2025, Statista reports. This growth rate should be achieved due to e-commerce expansion in East and Southeast Asia amid their augmenting middle class and poor offline shopping infrastructure.
