How the Internet Makes the World Richer

Did you know that the world has over 2.9 billion internet users? The average growth rate of internet users is 10.8% annually in the last five years. Thanks to the development of electronic commerce, it is possible for people to shop online from their comforts of their home. An estimated 74.4% of American web users will make online purchases in 2014. In 2012, the U.S. alone spent $226 billion in e-commence, with an expected increase to $434.2 billion by 2017. Not surprisingly, mobile commerce (m-commerce) is expected to rise from 11% of e-commerce sales in 2012 to 25% of sales in 2017, reaching more than $108 billion.

The folks at WhoIsHostingThis created this intriguing infographic that outlines the impact of e-commerce on our global economy and the reasons attributing to this continuous growth.

[image error]