23 August

How e-commerce will look like in 20 years.

Business

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Reading Time: 3 minutes

In the next 20 years, e-commerce will continue to grow in importance as a channel for retailers. This growth will be driven by a number of factors, including the continued expansion of the global economy, the continued growth of the Internet, and the continued adoption of mobile devices.

VR exhibition
VR exhibition

E-commerce today

Today, e-commerce accounts for a relatively small share of total retail sales, but this is expected to change in the coming years. According to Forrester Research, e-commerce will account for 17% of total retail sales by 2023, up from 11% in 2018. This growth will be driven by a number of factors, including the continued expansion of the global economy, the continued growth of the Internet, and the continued adoption of mobile devices.

Ecommerce sales growth worldwide by region 2021.

e-commerce today

Global Economy

The global economy is expected to continue to expand in the next 20 years, which will provide a tailwind for e-commerce growth. According to the World Bank, the global economy is expected to grow at an annual rate of 3.0% in the next 20 years, up from 2.4% in the period from 2014 to 2018. This expansion will be driven by a number of factors, including population growth, technological innovation, and the continued opening of new markets.

White Switch Hub Turned on
White Switch Hub Turned on

The Internet

The Internet is also expected to continue to grow in the next 20 years, providing a boost for e-commerce. According to Cisco, the number of Internet users is expected to grow from 5.3 billion in 2022 to 6.0 billion in 2024, an annual growth rate of 3.6%. This growth will be driven by a number of factors, including the continued expansion of the global economy, the continued adoption of mobile devices, and the increasing availability of high-speed Internet access.

Mobile devices

Mobile devices are also expected to continue to grow in importance as a means of accessing the Internet. According to Statista, the number of mobile Internet users is expected to grow from 2.1 billion in 2016 to 3.8 billion in 2020, an annual growth rate of 20.1%. This growth will be driven by a number of factors, including the continued expansion of the global economy, the continued growth of the Internet, and the increasing affordability of mobile devices.

New ways to sell for e-commerce

Another big thing that will see growth in the coming years is product configurators, car manufacturers already offer configurators. Porshe configurator already invested in future-proof solutions to sell their cars!

Technology growth will also see the native implementation of VR and AR directly from the web browsers!

In the next 20 years, e-commerce will continue to grow in importance as a channel for retailers. This growth will be driven by a number of factors, including the continued expansion of the global economy, the continued growth of the Internet, and the continued adoption of mobile devices.

AR application

Author

Tomasz Juszczak

CTO /

Technical Lead

Tomasz Juszczak
WARSAW,

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