On the other hand, worldwide e-commerce sales topped $3.5 trillion USD, an increase of approximately 18% from the year before. Ecommerce is expected to nearly double by 2023 to more than $6.5 billion.
Some perspective is in order though. While e-commerce is growing much faster than retail, it’s still a relatively small piece of the pie. In 2019, ecommerce share of total global retail sales was 14.1% and analysts only expect it to increase 2% a year through 2023