The world of online shopping has changed dramatically in the last few years. According to available data, the global e-commerce market will reach $5.7 trillion by the end of 2022. And by 2023, experts predict a 22% increase in digital sales.
This incredible growth of the global e-commerce market is driven by double-digit growth of the industry across different continents.
Consumer demand for online shopping is growing in different countries around the world. They will no longer have to visit a store or wait for a long time to receive the goods. Instead, they will use their smartphones to find the product and have it delivered in just a few clicks.
It provides investors with numerous opportunities to become a 100% active phone number list art of the industry. From sourcing to delivery, investors can contribute to the growth of this multi-industry industry and generate high returns.
However, before taking advantage of the investment benefits of the e-commerce industry, it is vital to conduct a thorough research. This article will discuss the effectiveness and scope of the online shopping industry across different continents. So, let's get started!
Europe
Online shopping has become popular among European consumers, with e-commerce user penetration rates approaching 60% in the most developed e-commerce regions.
It is no surprise that the European e-commerce business could be worth over $1.8 trillion by 2025. This is a lot considering that there are 50 countries in Europe. However, Italy stands out among other countries on the continent.
Source: European e-commerce market
Source: European e-commerce market
This is due to the government's initiatives to encourage foreigners to invest in Italy. In simple terms, you can get a residence permit in Italy by taking advantage of the investment program. There are many government-approved projects, including e-commerce, in which you can invest and get full EU rights. These specialists can help you with getting an Italian investor visa. and further explain its benefits. However, this encourages people from different countries to create and develop the Italian e-commerce sector.
In addition, the sector is being driven by improvements in broadband and internet access infrastructure. Improvements in payment transparency, the legal validity of digital signatures , and the proliferation of mobile devices and smartphones have accelerated its growth.
South and North America
South and North America are among the fastest growing e-commerce regions in the world. The introduction of advanced technologies such as secure payment gateways , in-store pickup options, and AI-powered pricing tools are further boosting the sector.
According to available data, e-commerce sales in Latin America will be around $198 billion in 2022. And this number will increase to $382 billion by 2025. This is because there are currently almost 15 million online shoppers in more than 300 regions across the continent.
Source: Latin American eCommerce Market
Source: Latin American eCommerce Market
However, the level of competition is also increasing due to this incredible growth. That is why it is becoming critical for businesses to reach their audience through SEO and digital marketing.
It is also noteworthy that despite this dramatic increase in revenue, overall penetration levels are still low. Brazil, for example, only increased its penetration from 7.5% to 12.5% , indicating that there is still a significant untapped market.
This e-commerce market will continue to grow if we offer faster delivery times and better supply chain management, which can lead to higher revenues. Infrastructure development can also have a snowball effect that will benefit all aspects of the industry.
Therefore, it would be better to consider these circumstances before making a final decision.
