PALM BEACH, Fla., May 4, 2023 /PRNewswire/ -- The global e-commerce market has shown substantial growth in the past years and is projected to continue for the next several years. Grandview Research projected that the global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. It said: "Increasing penetration of the internet is bolstering the smartphone-using population across the world. Digital content, travel and leisure, financial services, and e-tailing among others constitute a variety of e-commerce options available to the internet accessing customer base that is gaining momentum with increased internet usage. Hence, technological awareness among customers is expected to have a positive impact on market growth." Another industry report was also very optimistic. Skyquest projected that the Global E-Commerce Market is poised to grow from USD 26673.64 billion in 2022 to USD 62415.2 billion by 2030, growing at a CAGR of 11% in the forecast period (2023-2030). It added: "The E-commerce market is growing mainly due to the factors such as rising penetration of smartphones and internet, increasing use of social media for promoting E-commerce sites and the introduction of new payment methods. E-commerce helps firm conduct business without the need for physical infrastructure thereby reducing the capital requirements of the company. Online e-commerce portal provides the consumers with a hassle-free shopping experience while including a wide variety of items to choose from." Active companies in the markets this week include: Digital Brands Group, Inc. (NASDAQ: DBGI), Solo Brands, Inc (NYSE: DTC), a.k.a. Brands Holding Corp. (NYSE: AKA), Warby Parker Inc. (NYSE: WRBY), Allbirds, Inc. (NASDAQ: BIRD).