Home Shopping Market to Reach US$ 9,432 Billion by 2027 Globally with CAGR: 17.9%| UnivDatos
Market Overview The Global Home Shopping Market is experiencing significant growth on account of increasing smartphone penetration and higher internet availability worldwide. Further, amid the Covid-19 outbreak, countries around the world have imposed lockdown, this has further boosted the demand for the home shopping market. According to Oberlo, the online shopper’s population has increased from 1.32 billion in 2014 to 2.05 billion users in 2020. In 2021, global E-commerce sales stood at US$ 4.5 trillion. China was the largest e-commerce market, generated the highest revenue of US$ 672 billion from e-commerce business. Furthermore, secured payment methods, enhanced internet quality, convenient free home deliveries with fascinating offers is driving the home shopping market. According to UnivDatos Market Insights, The Global Home Shopping Market is expected to grow at a CAGR of 17.9% from 2021-2027 to reach US$ 9,432 billion by 2027. COVID-19 Impact Due to COVID-19, the hom...