25 Aug E-commerce is booming – SEA will see largest growth
E-commerce is booming – SEA will see largest growth | The e-commerce industry witnessed an all-time high with a growth of 16.4% in 2021 and it is not stopping.
According to statistics from a report by McKinsey & Co., the industry experienced a dramatic increase with the pandemic fuelling its growth.
Retail e-commerce were estimated 4.9 Tri USD in 2021 and is projected to increase by 50% through the next 5 years to reach approximately 7.4 Tri USD by 2025.
In this growth, Southeast Asia (SEA) stands out the most – The region is expected to experience a 20.6% expansion in 2022, with sales reaching $89.67 billion from $74.36 billion in 2021. E-commerce in the region is expected to pass $100 billion by 2023.
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