Rising Malware Threats Pose a Challenge to E-commerce Market, While Social Media Continues to Grow in Influence; COVID-19 Accelerates Digital Transformation Trends

The global e-commerce market is expected to reach a value of $20.3 trillion by 2023, showcasing a compound annual growth rate (CAGR) of 26.55% in 2022-2027. The home to the largest e-commerce market is the Asia Pacific region, due to the growing middle class, internet access, and smartphone ownership. The B2B sector, driven by technologies such as AI, AR, and VR, is seeing the highest growth rate.