14 Jul 2022 By PAYCEC
Yes, it is. A whopping 77% of US eCommerce retailers anticipate significant growth in 2022. According to a recent survey of 600 of the largest eCommerce retailers in the United States. Despite the decline in growth rates, e-commerce sales in the US market reached $357 billion in 2022, accounting for 34.6 percent of all online sales.
The e-commerce business in the United States has a lot of room for expansion, especially through app-based sales. As online shopping and mobile e-commerce enable new methods to shop for and buy goods and services, e-commerce continues to revolutionize the retail environment in the United States, and consumer confidence remains relatively high. E-commerce is predicted to rise at double-digit rates every year until 2021.
The Consumer Spending of the 50 United States
According to the below statistics, as digital wallets expand, sales are driven by cards and credit.
The eCommerce payments trends and forecasted payment split of 50 United States list
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