Global e-commerce market may hit $8.5 trillion by 2026: Report

Ease of doing business for MSMEs: The global e-commerce market is expected to grow at a compound annual growth rate of 9 per cent during the 2022-26 period with transactions value rising from approximately $6 trillion in 2022 to over $8.5 trillion in 2026, said a Global Payments Report 2023 by fintech company FIS.

“The explosive growth in global e-commerce in the first two years of the pandemic has slightly slowed in 2022, with a 10 per cent YoY growth in global e-commerce transaction value from 2021-2022…Despite reduced growth rates compared to the initial pandemic period, the forecast for global e-commerce remains bullish,” the report said covering 40 markets worldwide.

Read more at Financial Express