TOSHIFUMI KITAMURA/AFP via Getty ImagesJapanese telecom and investment giant SoftBank is upping its bet on e-commerce and robotics with another big investment. The global e-commerce market of $9.09 trillion in 2019 should expand at a compound annual growth rate of 14.7% from 2020 to 2027, analysis firm Grand View Research forecasts. E-commerce sales jumped 27% year-on-year in 2020 due to pandemic lockdowns in many nations worldwide, says Rajiv Biswas, Asia-Pacific chief economist with market research firm IHS Markit. Vision Fund-backed companies in particular would form an ecosystem, in turn stoking overall portfolio growth, consulting firm Global Tech Partners says. “As the share of the global retail e-commerce market continues to increase, the investment in new e-commerce technologies will continue to intensify, in turn helping to drive further growth in online shopping,” Biswas says.

Source: Forbes April 16, 2021 08:48 UTC