As the pandemic continues, more and more people are turning to eCommerce as their go-to source for shopping.
According to the Philippine Department of Trade and Industry, eCommerce business contributed 3.4% or PHP 599 billion to the country’s GDP in 2020 alone, with major countries like the United States and Japan generating trillions of dollars through the medium. Experts predict that eCommerce will continue to grow rapidly with such a high potential for improvement.
The pandemic prevented people from carrying out basic tasks outside their homes, like shopping, due to fear of infection. eCommerce supplemented the public’s needs by providing remote service, digital products, and the ability to shop online.
A study recently showed that Android users around the world spent more than 100 billion hours on shopping apps in 2021, a significant increase from 85 billion users in 2020.
The public saw the usefulness and safety of eCommerce services during the global health crisis, with many people around the world transitioning to and relying on online services. Seeing the benefits of the venture, entrepreneurs have started to research, plan, and even build their own eCommerce business to take advantage of the opportunity.
What will eCommerce look like in 2022 and beyond? Here are some key trends to watch out for.
Many believe that even after the COVID-19 pandemic is over, eCommerce and the public’s fondness for digital mediums will be the norm. With eCommerce constantly improving through advancements in technology, those who seek to enter this venture must be aware of the prominent trends within the industry to stay competitive.
Let’s examine the below data to learn about the eCommerce trends and technological advancements predicted to occur and continue in 2022 and beyond.
Infographic Source: https://www.etaily.com/insights/ecommerce-trends-and-statistics/