Congratulations, ECommerce is Now a Trillion Dollar Industry
I guess all those eBay purchases add up….. E Commerce is now a trillion-dollar industry.
Global ecommerce sales passed $1 trillion in 2012 for the first time ever, fueled by growth in North America and the Asia-Pacific region, according to a new report from eMarketer. North America sales increased 13.9% year-over-year to about $365 billion and Asia-Pacific sales increased by 33% to about $332 billion.
While North America currently dominates for ecommerce sales, eMarketer predicts this will change next year. EMarketer projects that North America sales will grow at a slightly lower rate of 12.2% in 2013 to $409 billion. Asia-Pacific sales, on the other hand, will grow by 30% to $433 billion.
“The rapid growth in Asia-Pacific sales is a result of several factors,” eMarketer notes in its report. “Three Asia-Pacific markets—China, India and Indonesia—will see faster B2C ecommerce sales growth than all other markets worldwide this year, while Japan will continue to take a large share of global sales.”
Global ecommerce sales are expected to grow to just shy of $1.3 trillion in the coming year.
However, the United States will continue to have the highest ecommerce sales of any country at least through 2016. eMarketer projects that US ecommerce sales will grow from $343 billion in 2012 to $385 billion in 2013, more than double the sales of China, which is expected to grow to $182 billion in 2013 from $110 billion in 2012.