QYResearch: The global market for E-commerce Payment Transaction Volume is expected to reach about 6003 Billion USD by 2021

Global E-commerce sales have increased steadily since 2010. In addition, the growth rate has been quite consistent over the last few years.

However, According to QYResearch, this trend is not expected to continue in 2016, as a growth rate of 17.5% is forecast, which would result in a global E-commerce turnover of $2,671bn. Even though this growth rate is still significant, its decrease can be seen as a first sign of the global E-commerce market becoming more mature.

In the category of E-commerce sales, China and the United States are clearly at the top. In 2016, the Chinese in total spent $975bn online, while the American E-commerce turnover amounted to $648.6bn. The UK ($192.5bn), Japan ($124.4bn) and France ($79.1bn) completed the top 5.

In comparison with last year, China’s ecommerce market grew significantly faster than the one of the US. Compared to 2016, Chinese ecommerce sales grew by 27.2%, while in the US it grew by 8.99 %.For 2017 as well, the Chinese E-commerce market is expected to increase much faster than the American one (24% vs. 9%). As a result, it will continue to increase its lead even further.

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