Globally, greater than 50% of ecommerce gross sales were made via online marketplaces in 2019, contributing $1.7 trillion to the economy every year. And that is forecast to develop dramatically over the subsequent 5 years, as extra companies undertake marketplaces as one of the best platform to advertise online sales.

Ecommerce faces challenges in many growing nations, as a result of low adoption of credit cards, sluggish web access and patchy delivery logistics. Despite that, online marketplaces are growing strongly in all regions, with Southeast Asia, India and Russia leading the best way. North American customers generate probably the most traffic to online marketplaces, with nearly 5 billion visits per 30 days, and 50 completely different marketplaces having 1 million or extra visits every. These marketplaces work because they relate on to hobbies and pastimes that people are passionate about, and in addition meet a strong need to trade products … Read More

Read More »