Blurred background image

The $1 trillion price tag: the value of ecommerce spending by 2022

The $1 trillion price tag: the value of ecommerce spending by 2022

The enforced ecommerce social experiment of the last 12 months has turbocharged the value of online buying.

The dollars funneled into digital have been piling up and up, soaring beyond the Burj Khalifa, which is set to reach the stratosphere: ecommerce spending is expected to hit $1 trillion by the year 2022, that’s according to Adobe analysis.

The $1 trillion price tag: the value of ecommerce spending by 2022The introduction and popularization of quarantine commerce coping mechanisms, such as curbside pickup, contactless payment, broadening the storage facilities from the warehouse to the store, etc., were short-term fixes to acute issues affecting business.

But what we’re seeing is the continual usage of such strategies and delivery options, as consumers have gotten used to them, and in many cases prefer them, despite the slow and gradual reopening of physical stores across the country and across the world.

(Interestingly, Adobe’s analysis found that as consumers continually use click and collect, they were actually heading to the store to pick up their goods during working hours, thanks to the flexibility enabled from the blending of work and home life… not that blending work and home life is all good, but does point towards certain advantages.)

Back in December, it was reported that 40% of retailers provided click and collect services – a jump of 1/4 from 2019, which help power digital sales.

$1 trillion unpacked

To unpack this projected price tag of ecommerce, let’s take a look at a couple of other interacting figures to come out of the Adobe analysis.

  • Since the beginning of the pandemic, in March 2020, until February 2021, consumers have spent an extra $183 billion on ecommerce.
  • That brought the total value of ecommerce during the period to $844 billion.
  • By the end of 2021 ecommerce spending is expected to land somewhere between $850 billion and $930 billion.
  • The major landmark of $1 trillion for ecommerce is expected to be reached by 2022.
  • During January and February of 2021, buy-now-pay-later services skyrocketed 215% when compared to last year.
  • 30% of ecommerce consumers prefer to shop via click and collect, and curbside pickup, rather than standard delivery.

The $1 trillion price tag: the value of ecommerce spending by 2022Now that this shower of statistics has subsided, it’s important for shops to realize or reaffirm the importance of ecommerce strategies and maintain effort to sure up their digital capabilities, no matter whether it’s a big player retailer powered by Salesforce B2C Commerce Cloud (a favorite of high-selling, deep-spending brands that need complex solutions for complex business needs) or a mom-and-pop store powered by WooCommerce, the native ecommerce plugin of WordPress (a favorite of many with basic ecommerce needs and low-entry requirements to set up your own business).

PS: UV is one of the world’s leading Salesforce B2C Commerce Cloud dev teams. Contact us to see how we can work together.

Related Ideas

If you got value from this article, you may enjoy these other articles, as well. We’re always adding value!

This Week in eCommerce Data: October 16th, 2020
  • United Virtualities: We are UV
  • Commerce
  • This Week in eCommerce Data

This Week in eCommerce Data: October 16th, 2020

This week focuses on global sales of Amazon’s Prime Day, the cost of converting malls into...
Stone Cold Predictions for the Holiday Season
  • United Virtualities: We are UV
  • Adobe Experience Manager
  • Commerce

Stone Cold Predictions for the Holiday Season

What does Adobe predict for holiday season shopping? Let’s look at the data.
What eCommerce Platforms Do the Top Jewelry Brands Use?
  • United Virtualities: We are UV
  • Commerce

What eCommerce Platforms Do the Top Jewelry Brands Use?

What are the shiniest jewelry brands using for their ecommerce operations?

Latest ideas

Our latest thinking about SF Commerce Cloud.

The Gift of eGiving
  • United Virtualities: We are UV
  • Commerce
  • Salesforce Commerce Cloud

The Gift of eGiving

‘Tis the time for giving – virtually. The sustainable rise of egift cards.
Digital is Democratic: eCommerce is Breaking Barriers to Entry
  • United Virtualities: We are UV
  • Commerce
  • Digital

Digital is Democratic: eCommerce is Breaking Barriers to Entry

How is ecommerce breaking down the barriers to entry for millions of consumers around the world?
Chose to give back
  • United Virtualities: We are UV
  • UV Culture
  • Videos

Chose to give back

Most of us hit Easter and collapsed on the couch and dove into a chocolate spree. Instead, Mayte Cardoso,...

How can we achieve
awesomeness together?


UV has acquired SFCC & AEM specialist dev shop, Sawyer EffectLearn all about it!