Las Vegas, Nevada, USA – August 26, 2021 – The devastating global pandemic has triggered massive growth in one sector of the economy. Ecommerce has grown 40% in 2021 as online businesses have experienced an unprecedented boom, according to a report by WhereHouse.com, a leading premium ecommerce domain name marketplace.
“With a 40% growth in e-commerce this year alone, it is imperative that brands apply automation and machine learning to manage their business online,” said Guru Hariharan, CEO of CommerceIQ, which has experience triple digits growth over the past two years. “The tried and true methods that were perfected for brick and mortar simply do not work online. Our customers are using our platform to win in e-commerce, by harnessing real-time visibility to all aspects of the operation within a single source of truth to drive automations at scale.”
With more than 2,200 brands that use CommerceIQ technology to increase market share, the firm is on the leading edge of the ecommerce industry. WhereHouse.com offers high profile premium domain names for businesses to more quickly gain market share and reach a level of success in the highly competitive online world.
Retail sales showed a 105% spike in clothing and accessory sales from March 2020 when much of the sector was forced to shut down or significantly scale back in-store operations because of the global pandemic, according to U.S. Commerce Department data. Sporting goods, hobby and bookstore sales also jumped 78% from a year ago.
Asia is the fastest-growing region in global ecommerce accounting for the largest share, about 64% of the world’s business-to-consumer e-commerce market, according to ResearchAndMarkets.com. In 2019 China led the ecommerce market in the Asia Pacific with 61% of consumers shopping online before the pandemic.
However, Asia’s growth in e-commerce is not limited to China, with India, Japan, and South Korea among the nations with the largest shares of ecommerce sales in retail worldwide. The U.S. has the largest retail market in the world, followed by China, which is experiencing massive ecommerce growth.
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