According to estimates by various sources, the global e-commerce market was valued at between $2.5 and $3 trillion in 2023, more than the projected 2024 nominal gross domestic product in current prices of countries like Brazil, Italy, Canada or Russia. It is no surprise that many companies are looking to score a piece of the ever-increasing pie, which is set to expand to roughly $5 trillion per year by 2027. With an annual net income of $30 billion from revenues of $575 billion in 2023, Amazon can be considered the most important player in the market by a considerable margin. But just how wide is said margin? Read more about the study…
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