NEW YORK, Aug. 31, 2021 /PRNewswire/ -- As per researchers at Zion Market Research, global cross-border B2C e-commerce market earned revenue worth US$562.1 billion in 2018 and is predicted to garner proceeds of US$ 4,195.4 billion by 2027. The cross-border B2C e-commerce market is anticipated to record CAGR of nearly 28.4% during 2020-2027. With rise in globalization, cross border e-commerce business activities have gained momentum due to online sale of goods to customers in myriad countries. This has resulted in tremendous growth of eCommerce business across the globe, thereby driving growth of cross-border B2C e-commerce market over coming years. For the record, cross-border payment flows were nearly USD 130 trillion in 2019. Apparently, e-commerce business is continually evolving and undergoing transformation due to rampant spread of COVID-19 pandemic across globe, thereby bringing a drastic change in consumer buying behaviour and increase in online shopping activities. Moreover, firms are focusing on new cross-border ecommerce strategies to target potential customers across borders and increase their sales. All such moves and aforementioned factors will augment size of cross-border B2C e-commerce industry in near future.