The eCommerce industry has transformed the way businesses operate in the modern world. eCommerce is a business model where the Internet facilitates the buying and selling of products and services. Today, an online store is not just a platform for selling products; it represents the face of your business, and signifies its value, integrity, and expertise. Thus, it's essential to create a powerful eCommerce platform to deliver an unparalleled shopping experience to your customers. eCommerce development companies and agencies provide reliable eCommerce development services to help businesses market their products and services online successfully.
eCommerce Growth: Statistics
The eCommerce industry has grown significantly over the years, boosting the economy by increasing productivity, encouraging innovation, and driving better shopping experiences. In 2021, eCommerce sales in the US reached $870 billion, a 14.2% increase over 2020 and a 50.5% increase over 2019. eCommerce represented 13.2% of all retail sales in the US in 2021. The story is no different in other parts of the world, with global eCommerce rising from 15% of total retail sales in 2019 to 21% in 2021, now sitting at an estimated 22% of sales.
Why You Might Need an eCommerce Platform
In today's digital age, nearly 60% of the world's population, almost five billion people, are active Internet users. eCommerce platforms are an essential part of your online presence, whether your business is B2B or B2C, providing your company with an accessible way to sell and share products online with a broad spectrum of customers. eCommerce platforms go beyond basic shopping cart functionality to deliver the essential and required tools for growing businesses to build a unique and competitive online presence. eCommerce platforms empower your online presence and allow your business to shine because their design considers that each company has unique and special requirements for its website.