Payoneer

FEBRUARY 22, 2023

Nigeria’s ecommerce market is rapidly growing and is projected to generate a revenue of US$7,627 million by the end of 2023, making it the 39th largest ecommerce market globally. With a compound annual growth rate of 11.3% (2023-2027), the market is expected to reach a volume of US$11,707 million by 2027.

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Payment Services Payments eCommerce Cryptocurrencies 26

Payoneer

MAY 22, 2023

Fast facts about the South Korean ecommerce market: South Korean ecommerce revenue is set to hit US$88.85 It has an annual growth rate (CAGR 2023-2027) of 2.87% and anticipates a market volume of US$99.49 billion by 2027. million ecommerce users in South Korea by 2027. million by 2027. billion in 2023. Expected 44.16

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Omnisend

DECEMBER 7, 2022

While the competition between the two ecommerce giants, Alibaba and Amazon, continues to heat up, Amazon is slated to take over the top position by 2027, when it’s expected to generate $1.2 trillion in online sales. Finally, it’s expected that ecommerce will make up 25% of total global retail sales by 2026, up from 19% last year.

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