Forrester Predicts Significant Growth in Global Online Retail Sales by 2028
Forrester Predicts 8.9% Annual Growth in Global Online Retail Sales to $6.8 Trillion by 2028
According to the latest report from Forrester, the global online retail sector is set to experience significant expansion over the next decade. This growth is projected to amount to an annual increase of 8.9%, ultimately reaching a total market value of $6.8 trillion by 2028.
Main Highlights:
- Annual Growth Rate: 8.9%
- Market Value by 2028: $6.8 Trillion
This forecast underscores the rising prominence of e-commerce on a global scale, signaling a substantial evolution in consumer behavior and shopping trends. Businesses operating in the online retail space are poised to benefit from a surge in digital commerce opportunities, although heightened competition is also expected.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.