Rise of Mobile Commerce Accelerates Online Retail Transformatio
The global online retail market was valued at USD 1,987.25 billion in 2023 and is expected to grow to USD 2,169.33 billion in 2024. This robust growth trajectory projects the market to reach USD 4,289.66 billion by 2031, reflecting a remarkable compound annual growth rate (CAGR) of 10.23% from 2024 to 2031. The increasing shift toward e-commerce and evolving consumer preferences are key drivers...
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