Global Internet Retail Sales To Hit $1.7 Trillion in 2015, Juniper Research Says

Worldwide online retail sales are expected to reach $1.7 trillion this year, up 17 percent from 2014, a report released Tuesday by Juniper Research said. The growth can be attributed, in part, to social media companies acting as direct sales platforms and using strategic retailer partnerships, the report said. The research also predicted that by 2020, smartphones will account for more than 40 percent of all global online retail transactions.