E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet.E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection . The ecommerce market includes products from all consumer-related sectors such as . It is closely followed by Magento (12%), ePages (11%), Zen Cart (9%), and Shopware (8%). 11. Global Pharma E-Commerce Market, By Product (Prescription Medicine (Rx), Over the Counter (OTC), End User (Direct Sales, Distributors, Online) - Industry Trends and Forecast to 2029.Global Pharma E-Commerce Market Analysis and Size. How e-commerce share of retail soared across the globe: A look at eight countries COVID-19 Retail. According to the Department of Commerce, e-commerce represented 13.2% of total retail spending in 2021. A neat stack of resources lets you build an ecommerce marketplace on your own terms. The biggest player in the U.S. eCommerce market is amazon.com.The store had a revenue of US$125.8 billion in 2021. amazon.com is followed by walmart.com and apple.com as the second- and third largest stores with US$46.4 billion and US$25.9 billion, respectively. JD.com comes in second with 15%-20%. It offers real estate, home appliances, furniture, garments, fashion products, mobiles, laptops, cars, bikes, pets, and many more products nationwide. #12 Software in E-Commerce Platforms BigCommerce market share is 0.61% with more than 40580 companies using this software Datanyze helps you reach more than 746,685 contacts that are using BigCommerce , including Procter & Gamble Cargill Unilever Below is an overview of core definitions and key e-commerce statistics on sales and market share. This is only a 4% increase in the market share despite all the internet expansion and millions of internet users! E-commerce Figures Vs Traditional Retail. The team focuses on customer service and strives to . Apparels vertical segment held the largest market share in the e-commerce logistics market. In 2022, the ecommerce market share in the US is expected at 17.3 percent, a slight two-percentage-point increase from 2021's 15.3 percent. Key takeaways: As of October 2021: Amazon accounts for 41% of the US eCommerce market, making it the leading online retailer. E-Commerce Platforms Market Share Number of Technologies 596 The global market size of the E-Commerce Platforms industry is 4,756,773 companies, and there are 439 companies producing E-Commerce Platforms technologies. Subscription-based SaaS platforms come loaded with many no . March 5, 2021 Online retail has been growing consistently. Amazon Continues To Create Value For Customers. Build an online marketplace quickly and easily with Shopify's Marketplace Kit. WooCommerce eCommerce market share in 2021. Further, as of 2021, more than 348 Mn users . Increasing penetration of the internet is bolstering the smartphone-using population across the world. Even though the market share in January 2021 is 0.7%, we have the latest figure in the graph above, which shows Magento eCommerce market share increased to 1.1%. With internet and smartphone penetration, e-commerce has gained further momentum in the last 5 years. Retail consumer goods ecommerce is by far the most dynamic and leading of the two consumer focuses. It involves buying and selling consumer products, marketplace services and customer support, along with other activities, such as online auctions, payment gateways, online ticketing and internet banking. This is BuiltWith.com data and, according to these numbers, WooCommerce has ~25% market share overall - across the entire web - making it the biggest ecommerce platform of them all. The "Thailand B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales . The European e-commerce business has been expanding rapidly, providing exciting potential for online retailers in various industries. B2B Marketplace is a sales channel that allows users to build their own store within some of the largest e-commerce platforms in the country. While the 38% market share estimate is a decline from the 38.7% eMarketer. Japan e-commerce market size The ecommerce industry is expected to grow by almost $11 trillion between 2021 and 2025. Down from 13.6% in 2020. 2. According to the latest report of Statista (April 2021), WooCommerce is one of the leading eCommerce platforms with an enormous 23.43% market share worldwide. eCommerce companies clearly care more about using organic search optimization to drive new sales volumes than they do about just generating awareness with their efforts . With an increase of 15%, the Chinese eCommerce market contributed to the worldwide growth rate of 15% in 2021. Globally there are more than 11M eCommerce domains active in 2022, up 66% from 2021. It also helps the company develop a cost advantage compared to its competitors. Singapore is a seen as a launch pad into Southeast Asia and a showcase market for the region. Amazon's Share of US eCommerce Sales Hits All-Time High of 56.7% in 2021. The E-Commerce Market Size. In 2023, the US ecommerce market share is forecast at 19.3 percent. This figure is set to continue rising over the next few years. Shopify powers over 3,766,071 live websites around the globe and owns over 32% of the ecommerce platform's market share in the United States ( Builtwith ). (Side note; did you know that Amazon's market share of the US ecommerce retail space is estimated at around 37%.) Just like in China, global eCommerce sales are expected to increase over the next years. The Middle East-North Africa region, as well as KSA, lag in the e-commerce market share, reaching penetration levels of 2.7% and 5.9% respectively in 2020 - far behind mature e-commerce markets and the worldwide average of 18%. In Singapore, about 3.3 million people shop in the e-commerce market and the expected revenue from the market in 2021 is USD 2,793m. China is the largest market for eCommerce with a revenue of US$1542.6 billion in 2021, placing it ahead of the United States. Meanwhile, worldwide revenue from retail ecommerce is expected to reach $3.3 trillion in 2025, from $2.3 trillion in 2020 (Kats, 2020). GilgitApp is very user-friendly Startup eCommerce Market Place App and has a product base of 40,000 which can be bought, sold, or exchanged. The EC conversion rate, an indicator of the degree of EC penetration, also increased by 0.43 points to 6.22%. . The report reveals that Amazon dominates UK ecommerce (30.1%), accounting for $30bn in sales in 2019. The growing popularity of dedicated e-commerce portals, less time required for shopping from vertical e-commerce, and . Create a multi vendor market place in minutes for free. Shopify pushing ahead . Economies of scale An increase in a company's market share can allow the company to operate on a greater scale and increase profitability. Nearly 60% of all online retail purchases in the U.S. were done on Amazon last year, new PYMNTS data show, reflecting . The e-commerce industry is booming like anything now. Sep 26, 2022 (The Expresswire) -- Global "E-commerce Payment Market" 2022 report presents an exclusive analysis of market size, share, revenue, production,. Tmall is the third most visited website in the world and it is the top cross-border eCommerce marketplace in China. Amazon marketplace has a roughly 25% market share of the total U.S. e-commerce spending. The ease of operation, more digitalization, and an increase in the number of beneficiaries registering under Medicare are all contributing to the expansion. E-Commerce Sales Figure 1: Total E-Commerce Sales and Growth Rates Marketplace Kit GitHub . The entire ecommerce industry has grown dramatically over the years, and as a result, adoption rates for different platforms have also increased. After a surge in digital adoption during COVID-19, the Indian e-commerce market is estimated to be worth over $55 Bn in Gross Merchandise Value in 2021. Its first-party sales meanwhile pale in comparison at $90B. 2. Increased sales An increase in market share also helps boost a company's total sales. Amazon's share as a retailer is 17%. It is conducted over computers, mobiles, tablets, and other smart devices. This data has been collected on the basis of some facts, primarily, who use Magento or the number of Magento sites . According to AMVO, 2021 e-commerce sales in Mexico were 401.3 billion Mexican pesos (US$19.6 billion), an 27% increase from 2020. U.S. e-commerce grew by $58.6 billion in 2017, per U.S. Commerce . Ask questions and share experience. E-commerce is the purchasing and selling of products and services over the Internet. Sales from online stores are expected to increase 385% this decade. The market is driven primarily by the growing trend of online shopping, high internet penetration, and increased use of smartphones. E-commerce, or electronic commerce, refers to the commercial transactions that are conducted electronically through the internet. Impact of Market Share 1. Fashion (combining Apparel & Accessories and Style & Fashion) is the most dominant product category, accounting for 27.5% of the universe, followed by Consumer electronics (9.6%), Home and Garden (5.9%) and Health and Wellness (5.9%).Apart from the major product categories listed in the table above, there are a few other product categories that we . Here are some interesting statistics relating to the most well-known ecommerce platforms. Other countries also saw large gains. It's easy to get caught up and excited in the latest ecommerce trends, but unless you know the fundamentals, you'll hit a profitability wall without knowing it.. A booming ecommerce business takes intuition, knowledge of your market, a solid business plan, and careful . Among them, eCommerce companies with 'substantial' business ( with at least 100 visits monthly) are 3.5M. combined. Source: statista.com. Pick and choose only the features you need. And in 2021 was $4.612B, a 57.43% increase from 2020 ( Macrotrends ). Advancements in technology and the growth of available marketplaces have made it easier than ever to buy and sell online. For instance, in 2018, WooCommerce Checkout's market share was around 21%. Ask questions and share experience. . Such growth should project a market volume of USD 4,079 million by the year 2025. According to eMarketer data, Amazon accounted for 41.4% of all U.S. e-commerce sales in 2021. The global retail e-commerce market size was valued at USD 4.25 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 9.4% from 2020 to 2027. This data shows Amazon's share of e-commerce from 2012-2017. Walmart takes the second spot, with a 6.6% market share. By 2025, this will have increased to 23.6 percent. Finally, Kaola, RED, and other platforms like WeChat (with their own WeChat store) divide the remaining 20-35% among them. The majority of these stores are located in California. The vertical e-commerce models segment is expected to grow at the highest CAGR during the forecast period. The horizontal e-commerce models segment accounted for the largest share of the overall e-commerce market in 2020. E-commerce app market share (India) The Indian e-commerce market is a two horse race, with Amazon and Flipkart at 28% and 25% market share, respectively. But the US online marketplace is already dominated by Amazon, which will surpass $129 billion in marketplace sales this year, or more than 20% of all US retail ecommerce sales. Singapore's thriving e-commerce market is forecast to rise to US$10 billion by 2026. Altogether, the top three stores account for 35% of online revenue in the United States. Physical products and services, such as retail (physical products purchased directly from a merchant or marketplace), Travel (such as plane tickets, car rentals, hotels, etc.) Even in 2021, there will be thousands of new eCommerce stores. There are three types of platforms. Digital goods (such as streaming, gaming and gambling) Ride hailing and delivery apps E Commerce Segments where China is a Pioneer The overall trend is that Tmall is leading the e commerce landscape with a market share of 50%-60%. New York, USA, Sept. 27, 2022 (GLOBE NEWSWIRE) -- The Global International E-Commerce Market Size Was Valued At USD 810.15 Billion In 2021 And Is Expected To Reach USD 1,910.5 Billion By 2030 . Updated as of Jul 10, 2022. eCommerce platforms enable online businesses to host and manage their shopping websites. Shopify's annual increase in revenue for 2019 was 47.05% ($1.578B). A neat stack of resources lets you build an ecommerce marketplace on your own terms. Ecommerce business models of all types are thriving. The Indian e-commerce industry has been on an upward growth trajectory. From culinary and fitness to comics and fashion, the range of niches they're in is wide and varied. Create a multi vendor market place in minutes for free. The final reason Amazon will likely continue to snag market share is that it excels at ensuring it remains top of mind. The total value of goods Amazon and its third-party marketplace sellers sold to U.S. consumers, often referred to as gross merchandise value or GMV, increased 18.8% to $378.95 billion last year from $319.10 billion in 2020, Digital Commerce 360 estimates. As businesses came online during the COVID-19 pandemic, the global trend toward digitization surged ahead at lightning speed. During that year, Amazon accounted for 13 percent of global e-commerce GMV, while Alibaba,. . Pick and choose only the features you need. Here is a depiction of UK's market share of ecommerce platforms, obtained through BuiltWith: Germany. The UK is the world's third largest ecommerce market behind China and . GlobalData projects the ecommerce market to grow at a CAGR of 12% during 2021-25, reaching $8,571,615.49 million by 2025. Gone are the days when you had to develop and code to create an eCommerce store. . That never happened before. There are primarily two types of e-commerce, including Business-to-Consumer (B2C) and Business-to-Business (B2B). The global b2b e-commerce market size was valued at USD 6,235 billion in 2021 and is projected to reach USD 30,291 billion by 2030, registering a CAGR of 19.2% from 2022 to 2030. Open-source platforms allow wide-ranging customizations by modifying all aspects of the code. Take a look at the top 10 marketplaces ' sales and you'll see that Amazon is not just the biggest of them all, but it is bigger than the other 9 marketplaces (eBay, Etsy, Best Buy, Walmart, etc.) A historical look at Amazon's sales growth, broken down by its first-party and marketplace sellers' sales. According to its 19th of July 2021 report, Statista has revealed that E-commerce in India has increased from 2019 to 2021 only from 3% to 7%. Build an online marketplace quickly and easily with Shopify's Marketplace Kit. The market for e-commerce software in the United States is moderately fragmented, with many major players. Global retail ecommerce sales are also projected to reach $6.4 trillion dollars, taking a 22% share of total global retail sales (eMarketer, 2020). eCommerce Platform Market Share 2022. The E-commerce market in the United States is expected to register a 14.70 % CAGR between 2022-2027. Mexican E-commerce Market Overview. 6 Notes: 6 See Exhibit 6 The region, however, has the fundamentals for e-commerce take-off and KSA is especially well-positioned to become the regional e-commerce . Despite online shopping increasing to $870 billion from $762 billion, e-commerce market share instead decreased because offline retail sales grew faster. Mobile e-commerce market share in India 2021 (%) E-commerce app downloads eCommerce Market Share across some popular platforms. Here is the BuiltWith depiction of Germany's ecommerce platform market share: Spain But the web giant still grew its share of the U.S. ecommerce market in 2021. It had an 18% share of the total global retail sales for 2020, and is forecast to have over a 1% annual growth rate, achieving a nearly 22% share of total global retail sales by 2024. The food and beverage vertical is also expected to be the fastest growing segment with a CAGR of 23.2% . Marketplace Kit GitHub . As of August 2022, there are around 2.5 million online stores in the USA that use Shopify as their ecommerce platform. In this data we still see WooCommerce with a commanding lead in the market when it comes to overall market share. Per capita income is $65,000 which makes Singapore one of the most affluent countries in Asia. The "France B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales . Breakdown of WooCommerce Checkout and Shopify Market Share in the USA. Home; Brand/Seller Solutions; Retail/Marketplace Solutions. This statistic presents the e-commerce market share of leading e-commerce companies worldwide in 2020. The Amazon Prime . Because the marketplace accounts for at least 60% of Amazon's GMV, it nets 25% as its share of U.S. e-commerce. By 2030, it is expected to have an annual gross merchandise value of $350 bn. It all started off with online travel book. Increasing usage of smartphones and the convenience of purchasing daily essentials and luxury products from the comfort of home is primarily driving the growth. Answer: In India, e-commerce has been there since over a decade now. In the third place, we have eBay, with 4.2% of the market share. On the other hand, the Hot Sale 2022 report of results by AMVO indicates online sales by 23.2 billion Mexican pesos (US$1,16 billion) during the nine days of the event (from May 23 . It accounts for about 31% of all US eCommerce (that's a chunky $162B!). This insightful Engadget article dives into the intricacies of the ecommerce platform market, and tackles it in terms of distribution and trends, showing that "there are a lot of factors that change what the market share and distribution of e-commerce platforms are." For example, in terms of site rankings, the market share of platforms . Fareeha Ali | Sep 11, 2018. In 2018, the size of the e-commerce market for consumers in Japan will increase by 8.96% year on year to 17,984.5 billion. But in 2020, consumers went all in; in the United Kingdom, for example, e-commerce growth leapt nearly fivefold. Depending on sources and methodology, the share of e-commerce can vary anywhere from 14% to more than 20%. Aug 26, 2022 As of June 2022, Amazon accounted for 37.8 percent of the U.S. e-commerce market, making it by far the leading online retailer the country. Within a couple of years, it jumped up to 28% in 2022. . And two of its closest competitors of WooCommerce are Shopify and Magento, which have a market share of 3.69% and 2.32%, respectively. Tmall has a market share of 50%-60% which puts Alibaba's market value at $480.8 billion. eCommerce Market Share by Country 2022. Without question, Amazon is the growth engine for online retail in the United States. The global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. Datanyze helps you reach more than 71,778 contacts that are using E-Commerce Platforms , including Walmart Amazon.com Apple Meesho has seen the most year-on-year growth, with 153 million downloads in 2021. Share of commerce is the estimated organic search market share not simply by site traffic but eCommerce value. If you would notice, Magento is showing a growth path after 2020. Gambio, a local shopping cart solution, has a market share of 12%. In 2020 was $2.929B, a 85.63% increase from 2019. The new estimate shows the market leader increasing its share of e-commerce sales to 38% in 2020, up from 37.3% in 2019. Shopify is the most popular ecommerce platform, with a 26% market share If you're thinking about building an ecommerce store, you'll need to choose an ecommerce platform that can help you to manage payments and other aspects of your site. The revenue is expected to grow at a compound annual growth rate of 9.9% between 2021 and 2025. JD.com JD, also known as Jingdong (formerly 360buy) is the biggest competitor of Tmall by Alibaba. 3. The e-commerce industry in India is currently estimated to be around $15.0 billion. The next biggest player is eBay, which takes a 9.8% share of the online market, followed by Sainsbury's (4.6%), Tesco (4.5%), Walmart/Asda (3.9%), and John Lewis (3.6%). The global B2C eCommerce market size was valued at $4 trillion in 2021 and is expected to reach almost $8 trillion . Second place was occupied by the e-commerce. The global ecommerce market recorded a historical growth (CAGR) of 15% during 2017-20 and grew 14% in 2021, reaching $5,496,163.90 million. 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