Future of Online Marketplace Virtual Summit (DACH Edition) 2024 | Group Futurista | 15 February 2024 | Virtual Summit

Online marketplaces have transformed the shopping experience, offering unparalleled convenience and an abundance of options at our virtual doorstep. In recent times, the surge in online marketplace expansion has been nothing less than remarkable. As per reports, it is anticipated that global e-commerce sales will soar to an astonishing $6.4 trillion by 2024, and online marketplaces are set to be instrumental in driving this remarkable growth.

One of the most intriguing aspects of online marketplaces is the sheer diversity of products they offer. From clothing and electronics to handmade crafts and rare collectibles, you can find virtually anything online. Moreover, the convenience factor cannot be overstated. In a world where time is of the essence, online marketplaces save us the trouble of navigating through crowded stores and waiting in long checkout lines. The ease of ordering products from the comfort of our homes or on the go has led to a surge in online shoppers. In 2020 alone, e-commerce penetration jumped from 16% to 27% of total global retail sales.