Statistiques Ecommerce: The Numbers
In 2016, the global ecommerce industry generated $1.7 trillion in revenue, making it the second-largest single industry behind online retail, after payments and telecommunications.
In the U.S., ecommerce is estimated to be worth more than $300 billion, and it’s expected to grow to more than half a trillion dollars in 2020.
However, the overall economy is expected to shrink for the first time since the recession, which is due in part to the increasing popularity of online shopping.
It’s estimated that the growth of ecommerce could slow by as much as 25% by 2020, according to the National Association of Manufacturers.
Statistiques Entertainment, Media, and Digital: The Statistique Group’s annual report on ecommerce said that the sector has experienced a “sudden spike in sales, driven by increased interest in buying movies and TV shows online.”
Statistices Entertainment, media, and digital is an umbrella term that encompasses all forms of eCommerce, including Amazon, eBay, Alibaba, Etsy, Paypal, and others.
Statististics Entertainment, a leading ecommerce services company based in San Francisco, is responsible for more than 2.7 million merchants in the U, with 1.6 million merchants selling physical goods on its platform.
Statists Entertainment has seen a surge in popularity since the launch of its product-focused platform in 2014, and now has more than 1.5 million merchants on its network.
Statisticiques Entertainment is working to continue its growth, with plans to reach 10 million merchants by the end of 2021.
Statismiques Entertainment also announced a partnership with Disney to help build a virtual-world-style platform for Disney Infinity, which has generated $3.7 billion in revenue for the company.
The New York Times reported that the number of e-commerce stores is expected increase by 70% to 100 million by 2020.
According to Statistokes, online retail is expected in 2020 to grow at a compound annual growth rate of 12.4%, up from 12.1% in 2020 and 11.7% in 2016.
The total number of retail stores will reach more than 3.6 trillion by 2020 and reach more 5.3 trillion by 2021, according the report.
Estimates indicate that by 2020 the ecommerce market will be worth at least $400 billion, according an estimate by market researcher IDC.
In 2020, the top five ecommerce companies by revenue will be Alibaba, Amazon, Amazon.com, eBay and Paypal.
According to IDC, Alibaba’s revenue is expected hit $12.4 billion in 2020, and Amazon.
Com will surpass PayPal in 2020 with revenues of $9.6 billion.
It will be interesting to see how the e-tailers fare this year, but it will be clear that the eCommerce market is definitely booming.