E-commerce has taken the world by storm. Since Amazon began slanging anything and everything with the two day delivery Prime concept, e-commerce has changed the way consumers purchase in the 21st century. Retail stores continue to shut down in droves because people enjoy the convenience e-commerce provides them to purchase anywhere in just a few clicks. Are you still not convinced that e-commerce is a massive industry? Take a look at these statistics regarding trends and growth of e-commerce.
Stats on E-Commerce industry
- In 2019, it is estimated that there will be 1.92 billion online buyers. That is approximately ¼ of the world’s population
- This number will rise steadily with an expected 2.14 billion online buyers by 2021
- E-Commerce will account for 13.7% of all worldwide retail purchases in 2019
These stats show that e-commerce is slowly taking over the way the world purchases items. Remember, the 13.7% is all retail purchases, which includes grocery store visits globally.
Max Effect Marketing – An Ecommerce Development Company
At Max Effect, we pride ourselves on our versatility when it comes to ecommerce development and marketing. Max Effect brings the entire gamut of ecommerce development and marketing services. They are as follows: