E-commerce platforms help to reduce product distribution, retrieval, and other costs, and increase digitization in the E-commerce sector. E-commerce platforms help to reduce product distribution, retrieval, and other costs, and increase digitization in the E-commerce sector. Ensure your website is optimized for mobile devices. Around 30% of interviewed participants said that if they like a product they would order it through social media platforms. To learn how check out: The Beginner’s Guide to Boosting Sales With Google Shopping Ads. How to Harness the Awesome Power of Customer Relations, Roughly speaking, this means that only 1 in 34 website visitors, Think about it, if you have a store converting at 2 percent, simply increasing conversions to just 4 percent will. China’s market passed $1 trillion in value … With it, you can make informed strategic decisions that will pay dividends in the future. UAE ECOMMERCE MARKET STATISTICS 2018. It may have taken you weeks of Facebook advertising and retargeting to entice these people to your website. E-Commerce Industry 2020 View Trends, Analysis and Statistics. MAY 24, 2018 — This report summarizes 2016 e-commerce statistics on shipments, sales and revenues from four sectors of the economy: manufacturing, wholesale, services and retail. Whether you own an online store or are looking to launch a scalable small business, understanding how internet users shop is key to your business model strategy. A 2018 Moody’s report calculated the U.S. online food retail business at roughly $20 Billion. With over $1.935 trillion in ecommerce sales. , that’s about 25 percent of the world’s population shopping online. Omnichannel is the next level up – and it’s the future of ecommerce. I Have Lots of “Add to Carts” But No Conversions. To learn more, read: How to Harness the Awesome Power of Customer Relations. E-commerce shipments are online orders for manufactured products. Since mcommerce requires two things - namely having internet access and a mobile device - let’s see what the numbers say about these two essential aspects of mcommerce. 83% of consumers in the past six months have made at least once purchase on Amazon. E-commerce industry helps to build brand image of a company and increases visibility of products on a global scale. Ecommerce statistics can help you see the big picture by answering these questions and more. With over $1.935 trillion in ecommerce sales, China was the biggest ecommerce market in the world in 2019. B2B Ecommerce Statistics. Previous Releases (Q4 1999 to present) Select the year, quarter, and format, and click "Get Release" to generate the report you would like to view. The estimates in this release are based on data collected from four surveys conducted by the U.S. Census Bureau: the 2016 Annual Survey of … It’s best to start things off with one of the … Social media continues to be a dominant force in the eCommerce sphere. Ecommerce Statistic #10: On average, only 2.86 percent of ecommerce website visits convert into a purchase. Ecommerce Statistics With e-retail sales accounting for 14.1% of all retail sales worldwide, ecommerce continues to grow at a speedy rate despite global economic uncertainty. How to Pick the Best Shopify Theme for Your Ecommerce Store, For the sake of customer retention, it’s vital you provide a, Blog Design Inspiration: 20 Designs to Help You Start Your Blog, and Gen Xers spend six hours per week shopping online, Baby Boomers spend four hours per week shopping online, Seniors spend two and a half hours per week shopping online. More than 30 million U.S. business enterprises; 325 million Americans; and 93,000 tribal, state, and local governments rely on our data to make informed decisions. In other words, ecommerce is slowly taking over. In 2019, ecommerce was responsible for around $3.5 trillion in sales and is expected to hit $4.9 trillion by 2021. Ecommerce Statistic #1: It’s estimated that there will be 2.05 billion global digital buyers in 2020. But more important than what it is, is what it isn’t. However, retaining customers over time can lead to huge business growth driven by repeat purchases. Statistics show that unhappy customers can tarnish the reputation of businesses and that most customers find the customer experience one of the most important aspects of doing business with a company. To learn more, read: How to Recover Abandoned Carts. Ecommerce Statistic #9: Consumers are most likely to trust a business that makes it easy to contact people at the company. COVID-19 is affecting many ecommerce businesses and how consumers shop online. High shipping costs are the #1 reason for cart abandonment. The Key Takeaway: Businesses that can create a seamless, personalized omnichannel experience for customers will own the future of commerce. The Key Takeaway: Pay close attention to your website’s conversion rate and consistently work to increase it. Let us know in the comments below! Global Ecommerce Statistics and Trends to Launch Your Business Beyond Borders. The Key Takeaway: Optimize your checkout process to reduce as many of those abandoned carts as possible. In the US alone, ecommerce represents over 10% of retail sales and that number is expected to grow by nearly 15% each year! If these numbers make you … Free shipping is the most important factor for consumers when choosing a retailer. There are an estimated 12 million – 24 million eCommerce sites across the entire globe, with more and more being created every single day. Ecommerce Statistic #19: Younger people spend more time shopping online than older people. Shopping Cart eCommerce Statistics How Many eCommerce Sites Are There in 2020? To learn more, read: How to Pick the Best Shopify Theme for Your Ecommerce Store. One of the most obvious signs demonstrating the future of commerce’s place online is the fact that 13.7% of all global retail this year, according to e-commerce statistics, will occur on the web. Here’s a quick summary of those strategic insights: Which key takeaway has been most useful to you? If you want to find out more about ecommerce or learn how you can incorporate ecommerce stats in your ecommerce strategy, feel free to contact our team at EcommerceGuide. Make the checkout process short, fast, and easy. Done right, customers should look forward to purchasing from your business again in the future. Free shipping plays a decisive role for online shoppers. Many of the statistics touted online can be at best outdated, and at worst wildly inaccurate. Three of the six largest ecommerce markets are in Western Europe. These statistics are available for the nation from 1998.. This is great news for ecommerce businesses. It’s not one strategy among many. By 2020, the m-commerce sales from smartphones will see a growth of 31.5% and generate nearly $270 billion. Smartphones will account for 34% of all m-commerce sales in 2019. The longer the load time, the higher the bounce rate: Speed matters – people won’t wait around if your website is slow to load. Resize your images to improve your website’s load speed. In just over 30 years from now, by 2040, 95% of all consumer purchases are projected to be online. Rely on our Market Intelligence platform to get the latest trends on the E-Commerce Industry and anticipate the future of the sector. The fastest growing ecommerce market in the world is China. Ecommerce Statistic #11: 69 percent of shopping carts are abandoned. EU Statistics on electronicThis article focuses on the electronic commerce statistics in the European Union (EU) and is based on the results of the 2019 survey on 'ICT usage and e-commerce in enterprises'.E-commerce refers here to the trading of goods or services over computer networks such as the internet by methods specifically designed for the purpose of receiving or placing orders. (, Ecommerce grow to reach almost a third of all UK retail sales in May and June 2020. To put it more precisely, China has 54.7% of the global market share. Optimize your checkout process to reduce as many of those abandoned carts as possible. Ecommerce Statistic #5: 65 percent of shoppers look up price comparisons on their mobile device while in a physical store. And to effectively build trust, check out: 9 Ways to Boost Sales by Making Your Store More Trustworthy. Reasons like convenience and cost-savings are prompting people to adapt ecommerce, while fact… According to mobile users statistics, there are 5.1 billion unique mobile users. Some of that research is outdated, and some of it isn’t very good. Get your products to appear in Google’s Shopping search results. That’s a lot of potential customers. Customer Retention: 10 Tips to Keep Your Customers Coming Back, Think about it, people don’t actually trust businesses per se – they place their trust in the. It’s growing so quickly that it’s expected to make up a whopping 17.5 percent of retail sales worldwide by 2021. Ecommerce Statistic #18: Longer mobile page load times drastically increase bounces. Important E-Commerce Industry Statistics #1. Of course, not all personalization is … In fact, with an estimated global population of 7.7 billion people, that’s about 25 percent of the world’s population shopping online. E-Commerce Statistics and Market Data about E-commerce This page provides statistics, facts and market data related to electronic commerce (e-commerce). and many shoppers will use it to quickly compare prices. Let's take a look at the numbers backing today's top B2B trends. According to Statista’s predictions, online retail is expected to hit the $6 trillion mark by the year 2023. The information and data we produce shape fiscal and monetary policy and operational decisions that improve the nation’s social and economic conditions. Ecommerce Statistic #17: Users who have a negative experience on a mobile website are 62 percent less likely to purchase from that business in the future. Statistics on " E-commerce in France " The most important statistics. Online shoppers think that social media platforms benefit their purchasing decisions. It’s extremely important to have a clearly defined target market. What’s more, this number is projected to reach a whopping 72.9 percent by 2021. Look to create a seamless, personalized omnichannel experience for customers. Spending on B2B e-commerce platform technologies, systems and services continue at a pace over 2X the B2C e-Commerce market. © 2020 ECOMMERCEGUIDE.COM Disclaimer: We are a professional review site that occasionally receive compensation from the companies whose products we review. From 1,888 interviewed U.S online consumers, around 40% said that the reason why they didn’t make a purchase was because it wouldn’t arrive on time. E-commerce is a big deal nowadays. What is Native Advertising and Why Is It So Powerful? This statistic clearly shows how ecommerce is becoming a more and more important part of global commerce. To do this, check out: Shopify’s Free Online Image Resizer. The Key Takeaway: Provide shoppers with detailed and accurate product pages that answer any and every question shoppers may have. Source: Baymard Institute. Annually, more than $1 trillion in federal funds are distributed t… Data from the US Department of Commerce shows that US ecommerce sales have been growing steadily for over a decade. In the U.S. alone, online shopping already accounts for 10% of retail sales and is expected to grow at a year-on-year rate of 15%. Amazon is also the leading e-commerce retailer in the world today, posting net revenues of $232.88 billion in 2018. After going through the entire checkout process, they’re confronted with a bunch of extra costs for shipping and taxes. In 2017, ecommerce was responsible for $2.3 trillion in sales, which is expected to nearly double to $4.5 trillion by 2021. E-commerce industry helps organizations to provide better customer service and experience. 36. Let's take a look at the numbers backing today's top B2B trends. There are between 95 to 100 million Amazon Prime members currently active on the platform. They’ve done their research and decided to purchase your product. Around 25.5% of interviewed participants in America said that they are using ad blocks on their devices. Ecommerce statistics: Amazon. One way to do this is to set up a Facebook Shop. The growth of ecommerce is out of this world! Amazon is the leading online retailer with a net revenue of $232.88 billion in 2018. In 2019, E-Commerce Sales Accounted for 14.1 Percent of All Retail Sales Worldwide (Statista) Considering that more than a tenth of all retail sales are made online, you can’t underestimate the importance of continuously optimizing your online store. Experts predict that retail ecommerce sales will reach $4.13 trillion in 2020. Ecommerce Statistic #6: 81 percent of consumers conduct online research before making a purchase online. The Beginner’s Guide to Boosting Sales With Google Shopping Ads. Annually, more than $1 trillion in federal funds are distributed t… (, There are over 2 billion digital buyers in the world. E-Commerce Statistics (E-STATS) Welcome to E-Stats, the U.S. Census Bureau's Internet site devoted exclusively to "Measuring the Electronic Economy." Over 55% of social app users in China said that they are purchasing products through a social app. The second-largest ecommerce market in the world is the U.S with $586.9 billion. The United Arab Emirates were until 2015 the leading growth market for e-commerce in the Gulf Cooperation Council region. Shopping Cart eCommerce Statistics How Many eCommerce Sites Are There in 2020? In fact, the probability of a user bouncing off a mobile webpage increases by 32 percent when the page takes between one and three seconds to load (compared to pages that load in under one second). And ensure customer service representatives are easily accessible. By 2021, world’s m-commerce sales will make up for 53.9% of all e-commerce sales. You might even want to consider raising your prices slightly and offer free shipping. How E-Commerce Shipments, Sales, and Revenues Are Defined. A 2018 Moody’s report calculated the U.S. online food retail business at roughly $20 Billion. To learn how read: How to Set Up a Facebook Shop: The Quickstart Guide for Beginners. E-commerce industry helps organizations to provide better customer service and experience. E-commerce industry helps to build brand image of a company and increases visibility of products on a global scale. [5] Social Media Influence Plus, with tools like Shopify, it couldn’t be more simple to set up a website. Thankfully, these days, most website themes come optimized for mobile. Ecommerce Statistic #14: On average, 52 percent of online stores have omnichannel capabilities. Perhaps you spent ages choosing the right products and optimizing your product pages to convince your visitors to decide to purchase from your store – and they want to! Most online customers prefer to pay with credit cards. Think about it, people don’t actually trust businesses per se – they place their trust in the people who run them. One of the easiest and most effective ways is to decrease the size of the image files on your webpage. Ecommerce Statistic #1: It’s estimated that there will be 2.05 billion global digital buyers in 2020. Shoppers should find the process simple and intuitive. For example, you can engage in. Online retailers that have at least one active social media account make 32% more sales than online retailers that don’t use social media platforms. Learn more by reading: Omnichannel Explained: Why You Need It and 3 Killer Examples. The Key Takeaway: Advertise your products where shoppers who look up price comparisons will see them. A third of the interviewed consumers purchase products online once a week or more frequently. 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