Digital commerce has performed impressively even though the pandemic stifled most industries. As per the United Nations Conference on Trade and Development (UNCTAD), digital or eCommerce grew from 16% to 19% in 2020. The impressive run is going to continue with more and more digital commerce platforms entering the fray propelled by rapid digitization and the promised ease of digitization ushers. Shopify states the growth is expected to continue, reaching 24.5% by 2025.
The stupendous growth of digital commerce is backed by key trends that are propelling the rise and expansion of digital commerce platforms across the globe.
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