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The e-commerce industry took off last year as people’s dependency on e-commerce services increased with their need to spend most of their time at home. While economies are reopening this year with solid progress on the vaccination front, the online commerce trend is expected to continue in the foreseeable future due to its convenience and the increasing adoption of the internet and smartphones. According to Globe Newswire, the global e-commerce market is expected to grow at a 22.9% CAGR between 2020 – 2027. Consequently, both SHOP and EBAY should benefit.
Click here to check out our E-commerce Industry Report for 2021
