Top
image credit: Freepik

Online marketplaces expected to see 15% annual growth

January 19, 2022

Via: Charged

The online marketplace model is expected to grow by 15% annually as it drives the largest fundamental shift in consumer spending since the emergence of ecommerce in the 1990s, according to a report by OC&C Strategy Consultants.

The research predicts that by 2025, spending through leading online marketplaces such as Amazon, Ebay and Expedia, will overtake the majority of ecommerce outlets.

In 2020, online marketplaces accounted for over $1 trillion of total consumer spend in retail and travel categories and 40% of total spend online. In addition, marketplaces now represent at least 25% of spend across books, food delivery and ticketing.

Read More on Charged