Ecommerce has revolutionized the way we shop, allowing us to make purchases online with just a few clicks. It's important to stay informed about the latest Ecommerce usage statistics and trends. In this blog, we will explore 15 fascinating facts and figures on ecommerce usage statistics, providing you with valuable insights into the growing world of online shopping.
How do we collect these statistics?
When it comes to gathering Ecommerce statistics, we rely on a combination of industry reports, market research, and reliable sources like, Statista and Yaguara and many more.
15 Ecommerce usage statistics
Let's dive into the world of Ecommerce usage statistics and discover some fascinating facts and figures that will give you a deeper understanding of this ever-growing industry.
General
- In 2023, smartphones accounted for over 70 percent of all retail website visits worldwide. [Source: Statista]
- 31% of online shoppers buy a product once a month. [Source: Yaguara]
- There are more than 26.5 million online stores in the world as of 2023. [Source: Yaguara]
- The eCommerce Market worldwide is projected to grow by 9.83% (2024-2028) resulting in a market volume of US$5307.00bn in 2028. [Source: Statista]
Consumer Behavior
- About 81% of people conduct research online before making a purchase [Source: Tidio]"
- The total Ecommerce revenue is $6.151 trillion as of 2023. [Source: Yaguara]
- Experts predict that mobile Ecommerce sales will reach $710 billion by 2025. [Source: Ygauara]
Global Ecommerce
- In 2022, retail Ecommerce sales were estimated to exceed 5.7 trillion U.S. dollars worldwide, and this figure is expected to reach new heights [Source: Statista]
- It was estimated that 2.71 billion people worldwide will shop online in 2024 to purchase goods and services. [Source: The Social Shepherd]
Mobile Ecommerce
- Mobile Ecommerce sales reached $2.2 trillion in 2023 and now makeup 60 percent of all e-commerce. [Source: Statista]
- Mobile commerce is estimated to make up 44.6% of total US retail Ecommerce sales in 2024. [Source: Insider Intelligence]
- Mobile commerce is rising, with experts estimating there will be 187.5 million mobile shoppers in the US. [Source: Buildfire]
Social Commerce
- The social commerce share of online retail sales in the U.S. stands at 4.4% as of 2022, with social buyers making up 32% of all online consumers. [Source: Influencer Marketing Hub]"
- In 2022 alone, social commerce generated $53.1 billion in revenue in the U.S., a 34.4% increase over the previous year. [Source: Techtarget]
- Social commerce sales are estimated to reach $1.298 billion globally in 2023. [Source: Influencer Marketing Hub]
Conclusion
In conclusion, these statistics highlight the growing importance of Ecommerce in today's business landscape. With the rapid advancements in technology and changing consumer behavior, it is crucial for businesses to adapt and embrace ecommerce to stay competitive. The convenience, accessibility, and wide range of options offered by Ecommerce platforms make it an attractive choice for both consumers and businesses. So, whether you're a small business owner or a consumer, it's clear that Ecommerce is here to stay and will continue to shape the future of commerce.
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