Siya Carla - Solutions Consultant

The powerful and growing trend, e-commerce has gone a long way till now and has plans to continue its growth in the future too. The growing trend of users going online for all kind of purchase is the latest vogue and even businesses are going gaga about it. Even the smallest brick and mortar store are getting a mobile app developed from an ecommerce mobile development company to compete and sustain in the harsh competition in the e-commerce market.

But how do you know it carries a blast of future possibilities? We shall take you through some top end e-commerce statistics of 2019 that will give you a gist of the success and scope of the e-commerce industry.

1) Global Buyers

There is almost 7.7 billion population on a global scale and out of these, almost 25% of mobile users are doing online shopping. This means that there are 1.92 billion digital shoppers in the year 2019 which definitely would continue to increase with each passing day. By 2021, the number is expected to grow by 2.14 billion in 2021.

2) Sales

Coming to the next category of the e-commerce industry, it is quite evident that e-commerce sales have been increasing tremendously with time. The expansion and global coverage of demographic areas are living proof that e-commerce industries are reaching heights in almost all countries thus increasing the sales.

The U.S. has topped online retail sales with $504B and is expected to exceed $735B in the next 5 years. If the total is to be realized, the total value of e-commerce sales has raised from $1.34 trillion in 2014 to $2.84 trillion in 2018. This is again expected to cross $4 trillion by 2020 and reach $4.88 trillion in 2021.

Rising eCommerce sales has also given push to eCommerce application development companies to help clients create web and mobile apps. You can contact to an ecommerce web design company to create eCommerce app for your business.

3) E-commerce market

It is very well known that China holds the position of the highest e-commerce market in the world. It is estimated that China has gained over 70.7% five-year growth and will reach $1,086M in projected revenue. The US comes in second place with a 45.7% five-year growth.

4) Future growth

The boom of online retail buying has pushed almost all businesses to develop their own ecommerce web and mobile app so that they are ready to compete in the market along with fulfilling user needs. With such exhilarating speed, in the next 20 years, 95% of purchases are expected to come from online e-commerce. It is the best time to compete in the market by associating with an ecommerce web development company and get the app developed.

The US has already the highest penetration rate in the world with 77% of purchasing being done online in 2016. The number will grow to 81.3% by 2020.

5) Reachability

The growing use of e-commerce industry is due to the fact that there are websites available for every segment of users. Yes, according to the needs, a user any visits any e-commerce website and make an order of whatever they want without any fuss of buying it from brick and mortar store.

There are around 12M to 24M e-commerce sites in the world which makes it easy and reachable to users of their needs and requirements. Big giants like Alibaba, Amazon has relatively an upper edge compared to any other e-commerce site.

6) Entrepreneurs Growth

More and more people in the globe are moving towards building their own business. With the rise in entrepreneurship across the world, there has been a tremendous rise in e-commerce website development. Especially in the US, there are still half of the entrepreneurs who do not have a website yet. Once the request of the website if fulfilled, the growth of the business is sure on the list.

7) M-commerce

With an increase in the use of mobile devices, users have become more interested in making a purchase through a mobile. The ease of use, instant access, 24/7 availability, all these factors have enticed users to use mobile rather than going all the way to website for purchase.

By the year 2021, around 53.9% of all US retail e-commerce is expected to be generated through m-commerce. And worldwide, the share of m-commerce is expected to rise to 72.9% by 2021.

8) Spending habits

It is realized that men spends more than women while making a purchase on e-commerce websites. The average spending of men is almost $220 per transaction and for women its $151 per transaction. It is because of the reason that men usually look for luxury and technology-based products which cost higher than other basic products.

9) Shopping Behavior

Not all website visit results into an actual purchase on e-commerce websites. There are many challenges which result in cart abandonment. M-commerce cart abandonment rate is higher when compared with desktop. 61% of users leave the purchase due to increased shipping prices. Even a slow website discourages users to make a purchase. Almost 75% of users abandon shopping due to this reason-Source: Annex Cloud.

So make sure that your eCommerce website development company creates a responsive and user-friendly website for your business.

Conclusion

2019 has come up with great numbers and statistics to show the potential that the e-commerce industry carries with itself. In the near future ahead, the numbers loudly explicate the amount of growth, profits and success lie in the path of the e-commerce business. More and more businesses are making sure to take advantage of the situation and make huge out of the opportunities lying ahead.