Yes, ecommerce (electronic commerce) is growing and has been experiencing significant growth over the past few years. This growth has been accelerated by the COVID-19 pandemic, which has led to an increase in online shopping due to lockdowns, social distancing measures, and safety concerns.
According to data from Statista, global ecommerce sales amounted to $4.28 trillion in 2020 and are projected to reach $5.4 trillion in 2022. In the United States alone, ecommerce sales grew by 44% in 2020 compared to the previous year, according to Digital Commerce 360. This growth is expected to continue as more businesses adopt ecommerce as a sales channel and consumers continue to shift towards online shopping.
The growth of ecommerce is driven by several factors, including convenience, the ability to shop from anywhere at any time, a wider selection of products, and often lower prices. Additionally, advancements in technology, such as mobile devices and faster internet speeds, have made ecommerce more accessible and user-friendly for consumers.