The Global E-commerce Market was valued at $25.4 trillion in 2024 and is expected to reach $73.52 trillion by 2030, projecting robust growth of 19.2 percent CAGR through 2030, according to the latest report by Globe Newswire.

According to the report, the global e-commerce market has witnessed remarkable growth driven by advancements in technology, widespread internet access, and shifting consumer behaviors. 

As of recent years, the market has expanded exponentially, propelled by the convenience and accessibility it offers to consumers worldwide.

Key factors contributing to this growth include the proliferation of smartphones and digital payment methods, which have simplified the online shopping experience.

Moreover, the COVID-19 pandemic further accelerated e-commerce adoption as lockdowns and social distancing measures prompted more consumers to shop online for essentials and non-essentials alike. 

Businesses across various sectors have increasingly turned to e-commerce as a critical component of their sales strategy, recognizing the potential to reach a broader audience and reduce operational costs associated with traditional retail.

The e-commerce landscape continues to evolve rapidly, with innovations such as AI-powered personalization, augmented reality shopping experiences, and faster delivery options shaping the future of online retail. 

Looking ahead, the global e-commerce market is poised for continued growth, presenting lucrative opportunities for businesses to innovate and adapt to changing consumer preferences and technological advancements.

Internet penetration rates have been a significant driver of the global e-commerce market's growth. As more regions around the world gain access to reliable internet connections, the potential consumer base for online shopping expands exponentially. 

Improved infrastructure, including the proliferation of mobile internet and broadband services, has democratized access to e-commerce platforms, particularly in emerging markets.

Countries such as China, India, and Brazil have seen rapid increases in internet penetration rates, transforming millions of previously offline consumers into active online shoppers. 

Advancements in mobile technology have played a crucial role in driving e-commerce growth. Smartphones and tablets enable consumers to browse, compare prices, and make purchases conveniently from anywhere, further fueling the adoption of online shopping. 

Mobile-friendly websites and apps have become essential for e-commerce businesses to cater to the growing segment of mobile users.

One of the primary challenges for the global e-commerce market is managing the complexities of logistics and supply chain operations. 

E-commerce businesses must ensure efficient inventory management, timely order fulfillment, and cost-effective shipping solutions to meet consumer expectations for fast and reliable delivery. 

However, achieving seamless logistics operations on a global scale presents several hurdles. Cross-border logistics involve navigating varying regulatory frameworks, customs procedures, and import/export restrictions, which can lead to delays and increased costs. 

Different tax regimes and compliance requirements further add to the administrative burden for e-commerce businesses operating across multiple jurisdictions.

Last-mile delivery remains a critical challenge, especially in densely populated urban areas and remote rural regions. 

E-commerce platforms and logistics providers must optimize delivery routes, leverage technology for real-time tracking, and collaborate with local courier services to ensure prompt and efficient delivery to customers. 

The COVID-19 pandemic exacerbated existing logistics challenges by disrupting global supply chains, causing shipping delays, and increasing transportation costs. E-commerce businesses faced unprecedented demand surges coupled with logistical constraints, highlighting the need for resilience and flexibility in supply chain management.