The LAMEA e-commerce industry is expected to see a CAGR of 18.3% during the period (2019-2025). Latin America and MEA (the Middle East and Africa) contribute steadily to the growth of global the e-commerce industry. Major economies such as Brazil, Argentina, GCC (Gulf Cooperation Council) countries, and Israel, among others, contribute considerably to the growth of the e-commerce sector in Latin America, and MEA, however, there is a slow growth of the industry in the region for a long owing to the macroeconomic challenges faced by the Brazilian retailers. The struggling economy of Brazil is one of the major factors to slower down the regional growth of the industry.
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