Q2 2023 E-Commerce Industry Update
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GCG’s Q2 2023 E-Commerce Industry Update provides an overview of the latest trends in the sector, including recent performance, valuation multiples, and the state of the middle-market M&A environment.
Key findings include the following:
- The global E-Commerce market size was valued at ~$5.72 billion in 2022 and is expected to reach ~$8.15 billion by 2026, growing at a CAGR of 13.5%.
- United States Direct-to-Consumer (“D2C”) E-commerce sales are expected to reach $213 billion in 2024, sustaining the growth driven by the pandemic beginning in 2020.
- Transaction volume in the E-Commerce industry increased by 17% in Q2 2023 compared to the previous quarter. However, transaction volume decreased by 5% on a year-over-year basis.
- The rise of readily available and highly scalable artificial intelligence (“AI”)-powered models have driven hyper-personalized experiences for consumers, and are increasing competition among D2C industry participants.
Click here for the full update.
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