Ecommerce Market Expected to Gross $930 Billion This Year

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The U.S. e-commerce market is projected to gross $930 billion this year, up 15% from 2023, and constitute 25% of the world's total online retail sales. 

However, Statista data analysis indicates the Asian e-commerce industry, spurred by online retail giants such as Alibaba, AliExpress, JD.com and Rakuten, will gross $1.93 trillion in 2024, 16% more than in 2023 and accounting for more than half of global e-commerce revenue.

Statista expects around 300 million more people to utilize e-commerce sites and shopping apps this year, pushing the total user count to more than 3.4 billion, or 42% of the world's population.

Read more here.

Amazon Prime Day Ignites Global SME Sales

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Data from Statista show that Small Business Saturday in 2017 generated around $2.43 billion in ecommerce retail sales in the U.S. That figure doesn’t get further broken down by the actual size of businesses that generated revenue, or by ecommerce platform, so it’s fair to assume that it includes all retail activity on that day.

"Prime Day [Amazon] is just getting started for us, but we're already seeing 10 times our average day sales," Kelly Fedio of One Savvy Life, a small business that sells on Amazon, said in a statement.

Learn more about how global small-, medium-sized business sales eclipse $1 billion on  Amazon Prime Day.