What percentage of transactions happen online?

In 2020, e-retail sales accounted for 18 percent of all retail sales worldwide.

How much has online shopping increased since 2010?

Worldwide, eCommerce growth has been even more striking. Since 2010, global eCommerce sales have increased by nearly 800\%. Along with the widespread adoption of eCommerce came the stunning growth of two eCommerce marketplaces: Amazon and Alibaba.

How big is eCommerce in Nigeria?

The current e-commerce spending in Nigeria is estimated at $12 billion , and is projected to reach $75 billion in revenues per annum by 2025.

What is the conclusion of e-commerce?

E-Commerce is not an IT issue but a whole business undertaking. Companies that use it as a reason for completely re-designing their business processes are likely to reap the greatest benefits. Moreover, E-Commerce is a helpful technology that gives the consumer access to business and companies all over the world.

What percent of commerce is ecommerce?

E-commerce sales in the third quarter of 2021 accounted for 13.0 percent of total sales. On a not adjusted basis, the estimate of U.S. retail e-commerce sales for the third quarter of 2021 totaled $204.6 billion, a decrease of 3.2 percent (±0.4\%) from the second quarter of 2021.

How many people sell online in Nigeria?

Digital buyers in Nigeria 2020 In 2020, the number of online buyers in Nigeria was at about 76.7 million. Nigeria’s total population amounts to 206 million and the internet penetration is at about 46 percent.

How many shoppers are online in Nigeria?

77 million people
Nearly one-third of the world’s population has embraced e-commerce. According to Statista data, the number of online shoppers in Nigeria increased by 44\% to 77 million people, up from 53 million between 2017 and 2019. But despite the advantages of e-commerce, it is not without its challenges.

What is e-commerce history?

E-commerce originated in a standard for the exchange of business documents, such as orders or invoices, between suppliers and their business customers. Those origins date to the 1948–49 Berlin blockade and airlift with a system of ordering goods primarily via telex.