How much is the eCommerce industry worth in 2021?

14 Jul 2022 By PAYCEC

According to Statista , e-commerce in the United States will reach $469.2 billion in 2021, up from $431.6 billion in 2020. In the third quarter of 2021, the share of e-commerce in total retail sales in the United States was 13 percent, down from a high of 15.7 percent in the second quarter of 2020, but still higher than the previous quarter's level of 11.3 percent.

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The e-commerce business in the 50 states of America 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. Meanwhile, online payment is also developed in parallel with business expansion.

Let’s keep reading to learn more about the eCommerce market, consumer trends as well as how to establish a business and accept online payments in 50 United States lists.