Global & Regional Online Retailing, 2019-2023

Global & Regional Online Retailing, 2019-2023

Summary

Global online sales are projected to register a CAGR of 13.9% over the forecast period (2019-2023) to reach US$2,741 billion, up from US$1,631 billion in 2019, increasing its penetration in overall retail sales from 8.9% to 12.2% in 2023.

This report summarizes the common issues facing retailers globally as they face a retail landscape that is changing constantly, and rapidly, and becoming completely unrecognizable from the traditional model that evolved over centuries.

Scope

• Online channel continues to steer overall retail growth globally
• APAC set to overtake the Americas as the largest online market in 2020
• Government and retailer initiatives to aid Chinese online retail growth
• Food & grocery is the fastest-growing sector for online sales, although it remains at a nascent stage
• Amazon dominates the global online market but faces intensifying competition

• This report summarizes the common issues facing retailers globally as they face a retail landscape that is changing constantly, and rapidly, and becoming completely unrecognizable from the traditional model that evolved over centuries.