BASINGSTOKE, England, April 4 (Bernama-BUSINESS WIRE) — A new study from Juniper Research has found the value of cross-border eCommerce will exceed $2.1 trillion in 2023, from $1.9 trillion in 2022. This growth of over 13% in a single year reflects the increasing success of marketplaces which offer goods across borders, as well as the rising viability of cross-border sales as an eCommerce model.
The new research, Cross-border eCommerce: Emerging Opportunities, Future Challenges & Market Forecasts 2022-2026, found that as eCommerce models diversify, including models such as buy now pay later and click and collect, cross-border options must also keep pace, by agreeing local distribution and payment partnerships. The research recommends cross-border eCommerce vendors offer localised eCommerce models, or they will lose out to options that better serve consumer appetites.