The B2C eCommerce market (business to consumer) will be worth approximately 3.2 trillion dollars by 2020.

The global e-commerce market is expected to grow at a compound annual growth rate of 17% from $1.3 trillion in 2014 to $2.5 trillion by the end of 2018. In the United States in the third quarter of 2015, ecommerce generated $87.5 billion and represented 7.4% of all retail sales (Rogers 2015). E-commerce has grown on average between 14% to 15% quarterly since 2014, while retail growth remained below 3%. comScore estimated that U.S. consumers spent more than $57 billion online from November through December 31, 2015, up 6% from 2014. On Cyber Monday, U.S. consumers spent more than $2 billion online (comScore 2016). Alibaba, in China, recorded more than $14.92 billion in merchandise transacted on a popular shopping day (Denale 2015). Amazon’s third quarter 2015 e-commerce revenue grew 23% from 2014 to over $25 billion (SEC 2015). Frost and Sullivan predict that by 2020 the business to consumer (B2C) e-commerce market will be $3.2 trillion and the business to business (B2B) e-commerce market nearly double that at $6.7 trillion.