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Latin American E-commerce Market: Projected Growth And Key Drivers From 2024 To 2032
By: jack univer
In 2023, the Latin American e-commerce market reached a value of approximately USD 92.09 billion. With a projected compound annual growth rate (CAGR) of 4.3% from 2024 to 2032, the market is expected to reach USD 134.51 billion by 2032. Key drivers of this growth include increasing internet and smartphone penetration, improved digital payment systems, and a shift in consumer behavior towards online shopping. However, challenges such as logistics issues, regulatory gaps, and the digital divide remain. Despite these obstacles, the region's expanding middle class and growing e-commerce infrastructure are expected to sustain growth in the coming years.(read
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