In this article, we will discuss the 15 most valuable e-commerce companies in the world. You can skip our detailed analysis of these companies, and go directly to 5 Most Valuable E-Commerce Companies in the World.
Ecommerce has been growing persistently for the past few years. It took over 19 percent share of global retail sales in 2020 from 16 percent in 2019. With the advent of the pandemic, this growth has accelerated. According to a report by McKinsey, the pace of economic growth has increased by two to five times after the onset of the Covid-19 pandemic.
While the e-commerce transactions are increasing, their distribution across the regions is different. Asia-Pacific has the major share in these transactions, which amounted to 62 percent of the total retail transactions in 2020 according to eMarketer’s 2020 Global E-Commerce Report. North America and Western Europe take up the rest of these transactions. Latin America, Africa, and the Middle East constitute 3 percent of the global online trade collectively.
Global e-commerce sales are projected to stand at $4.921 trillion in 2021. China remained 2020’s biggest e-commerce market with $1,343.5 billion in sales during the said year. It is expected to hold this position by 2025 with its revenue projected to reach $1,996 billion, marking a Compound Annual Growth Rate (CAGR) of 8.2 percent. Not only that the Chinese market is the biggest in value, but it also has the largest growth rate in the three major markets. The US market generated revenues worth $537.7 billion in 2020. With a CAGR of 6.1 percent, its revenues are projected to exceed $723.6 billion in 2025. As for Europe, its revenues stood at $460.5 billion in 2020. It is projected to undergo a growth rate of 7.3 percent and generate $655.6 billion in revenues by