According to the forecast, digital commerce transactions will grow globally at more than a 20% CAGR through 2022, reaching $5.8 trillion. APAC has already become the first region in the world to hit $1 trillion in digital commerce sales and is more than twice the size of the next largest region, North America. Admittedly, the sheer size of the digital commerce market in APAC is largely skewed by China, which will reach $1 trillion in digital commerce sales on its own this year. As more purchase activity moves online, retailers must also be cognizant of mobile's growing share of digital commerce. With digital commerce growing more than six times the rate of in-store sales through 2022, it's more than apparent that a well-executed digital transformation strategy will be a hallmark of long-term, sustainable growth in commerce.

Source: Forbes September 11, 2018 17:48 UTC