A Visual Peek Into The Retail eCommerce Growth [Infographic]
31 Oct. 2017 e-Commerce Development
In the past few years, the retail sector has seen a seismic shift in the way consumer expectations have evolved. Custom eCommerce development, which was a far-off concept for many retailers back in the late 1990s, has now become a necessity. Today, the consumers are in the driver’s seat, expecting authenticity, convenience, uniqueness and creativity from every e-retail business they interact with.
It’s, therefore, certain that the current retail economy is consumer-driven. From 1.34 trillion US dollars in 2014, the global retail eCommerce sales have amounted to 1.86 trillion US dollars in 2016. Statista further projects it to grow up to 4.48 trillion US dollars in 2021. To better understand the state of the e-retail industry, take a look at the infographic below that features some of the most important retail eCommerce growth statistics.
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