Forrester: Global Online Retail Sales To Grow 8.9% Annually, Reaching $6.8 Trillion In 2028
Forrester (Nasdaq: FORR) forecasts that total global online retail sales will grow from $4.4 trillion in 2023 to $6.8 trillion by 2028 at an 8.9% compound annual growth rate (CAGR).
- Forrester (Nasdaq: FORR) forecasts that total global online retail sales will grow from $4.4 trillion in 2023 to $6.8 trillion by 2028 at an 8.9% compound annual growth rate (CAGR).
- According to the report Global Retail E-Commerce Forecast, 2024 To 2028 , which provides a five-year forecast for total, online, and offline retail sales for 40 countries globally, despite the growth in e-commerce, 76% (or $21.9 trillion) of global retail sales will still occur offline in 2028.
- In the US, online retail sales are expected to reach $1.6 trillion by 2028, accounting for 28% of total US retail sales.
- E-commerce is more mature in the US compared to Canada, with Canadian online retail sales expected to reach $83 billion by 2028.