US E-Commerce Market Growth, Size, Share, Industry Report and Forecast to 2025
The US e-commerce market is projected to exhibit a considerable CAGR of 17.6% during the forecast period (2019-2025). This is owing to the advancement in logistics technologies attributed to the introduction of automation, robotics, wearable technology, drone technology, self-driving vehicles, cloud computing, internet of things (IoT) in logistics technology. These technologies have the potential to provide vast efficiency and flexibility options for the logistics industry. To provide innovative e-commerce logistics solutions, the major players are performing partnerships and collaboration with other major players within the region. For instance, in 2016, United Parcel Service of America, Inc. partnered with Zipline, a medical drone delivery startup to develop drones to deliver medical supplies such as blood and vaccines in minimum time. In 2017, United Parcel Service of America, Inc. introduced a UPS package car that autonomously delivers a package to the customer. Such innovation