WASHINGTON, March 14, 2022 (GLOBE NEWSWIRE) — Vantage Market Research’s recent analysis of the global B2C E-commerce Market finds that increasing internet penetration is expediting market growth. Primarily driven by the increasing trend of online shopping, the total global B2C E-commerce market is estimated to reach USD 6.38 trillion by 2028, up from USD 3.50 trillion in 2021, at a compound annual growth rate (CAGR) of 8.97%.
The increasing use of smartphones is also anticipated to augment the growth of the global B2C E-commerce market, states Vantage Market Research, in a report, titled “B2C E-commerce Market, By Type (B2C Retailers, and Classifieds), By Application (Automotive, Beauty & Personal Care, Books & Stationery, Consumer Electronics, Clothing & Footwear, Home Decor & Electronics, Sports & Leisure, Travel & Tourism, Media & Entertainment, Information Technology (Software), and Others), and By Region (North America, Asia Pacific, Europe, Latin America) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028).”
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