The world of online shopping has evolved dramatically in recent years. The global e-commerce market is reported to reach $5.7 trillion by the end of 2022. And for 2023, experts anticipated a 22% increase in digital sales.
This incredible increase in the global e-commerce market is due to the double-digit growth of the industry across different continents.
Consumer france business fax list demand for online shopping is accelerating in different countries around the world. They no longer have to visit the store or wait long to receive the goods. Instead, they will use their smartphones to find the product and have it delivered with just a few clicks.
It provides investors with numerous opportunities to be a part of the industry. From sourcing to shipping, investors can facilitate the growth of this multi-sector industry and yield high returns.
However, before taking advantage of the investment benefits of the e-commerce industry, it is vital to conduct thorough research. This article will analyze the performance and reach of the online shopping industry across different continents. Let’s get started!
Europe
Online shopping has become prominent among European 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, European e-commerce could generate more than 1.8 trillion US dollars. These figures are a lot, considering that there are 50 nations in Europe. However, Italy stands out among the other nations on this continent.
Source: European e-commerce market
Source: European e-commerce market
It is due to the government initiatives to encourage foreign citizens to invest in Italy. Simply put, you can take advantage of Italian residency through an investment program. There are numerous government-approved projects, including e-commerce, that you can invest in and contribute to achieving full EU rights. These professionals can help you with the Italian Investor Visa and explain its benefits in more detail. However, it encourages people from different countries to build and grow the Italian e-commerce sector.
In addition, improved broadband connectivity and better Internet access infrastructure are boosting the sector. Improvements in payment transparency, the legal validity of digital signatures , and the spread of mobile devices and smartphones have accelerated its growth.