The Internet has made distances shorter and the world smaller. However, the great divider that stands in the way of a truly global society is fact that there are many different different languages spoken in our planet Earth. The following table shows the ten most numerous languages spoken by the Internet users.
Growth of the Average Ecommerce Internet growth and ecommerce The first thing we wanted to explore is what average ecommerce growth looks like.
This statistic, however, is a dramatic oversimplification. Ecommerce Growth by Retail Category While ecommerce is steadily gaining market share in the retail industry, certain categories have been more successful at gaining traction online than others. Across the five categories we explored in our research, there is no significant difference in their growth rates.
Ecommerce category alone is not an indicator of future growth. Ecommerce Growth by Revenue Size As companies get bigger, it becomes harder to sustain a rapid rate of growth.
This insight is helpful for companies in two ways: This alone can be enough to get you growing quickly. Ecommerce Growth by Year Founded Over the past decade and a half, the face of ecommerce, from ad platforms to shopping carts, has changed dramatically: Amazon was founded in Mailchimp was founded in Google Analytics came on the scene in The first release of Magento was in Facebook Exchange became widely available in Because of these advancements, we were curious to see if ecommerce Internet growth and ecommerce founded more recently grow faster in the early days of their company.
This is likely the result of an ecosystem of changes: But one thing is clear, there has never been a better time than now to start an ecommerce company.
Factors Driving Faster Growth in Ecommerce The increase in technologically-savvy consumers Consumer shopping behavior has changed dramatically with the adoption of emerging technologies such as mobile and social media.
Mobile purchasing In Q2: Logistics FedEx and UPS committed to addressing previous seasonal constraints by hiring seasonal employees. While the larger ecommerce companies, with Amazon setting the pace, are increasing their ability to handle their own deliveries and warehousing.
Emerging international markets All-in-one logistics providers have made it easier to penetrate international markets by making international shipping and transaction processing smoother. Product and brand differentiation Ecommerce stores like Birchbox, ThinkGeek, and Nine Naturals have found that the best way to compete with Amazon is by creating highly differentiated product and brand experiences.
However, the influence of the online channel as it extends to offline is continuing to evolve, and many physical retailers are learning to balance new growth with the proper pace of closing physical locations.
Ecommerce Growth Among Top Performers At this point, we needed to get away from averages and look closer at top performers to gain a better understanding of who will become the next break-out hit in ecommerce.
Ecommerce Revenue Growth by Quartile To do this, we split our sample into quartiles based on total revenue in their third year of existence. The fastest growing companies are in the first quartile, next-best in the second, and so on. This data paints a sharp contrast between the very best and the rest of the pack.
This distinction becomes even more apparent when we look at the average monthly revenue for ecommerce sites. Marketing spend can get you far, but marketing alone is unable to drive this kind of accelerated growth.
Ecommerce Customer Acquisition by Quartile This rapid revenue growth is fueled by excellence in customer acquisition. By month six in business, top performing companies are acquiring new customers at a rate over 3. By six months, top quartile companies are bringing in over three and half times the number of monthly orders as the next quartile, and top performers maintain this rate through the three year mark.
At the end of year three, top performers have reached well overall-time orders, while the next closest quartile has yet to reachThis difference does not come from more marketing dollars alone. Top performing companies are great at acquiring new customers, but they also have a product good enough to keep customers coming back again and again.
The orders are also a higher value. Ecommerce Customer Retention by Quartile Acquiring new customers is increasingly expensive. Companies that excel at turning one-time buyers into repeat purchasers have more profitable, sustainable businesses, with higher lifetime values. We already saw that the fastest-growing companies have higher AOV and almost four times higher number of all-time orders, but we wanted to see how the mix of new vs.
Take a look at how this plays out across all quartiles: There is a similar pattern here, but some significant differences show up. Growth becomes more challenging as a scale increases. This is potentially the most significant signal of the ability for these top quartile companies to become lasting ecommerce powerhouses.The days of publishers’ unchecked growth is over.
Under pressure from falling ad spend to media businesses and tooth-and-claw competition from rivals for subscription money, publishers are having to scale back both the types of content they cover – and that’s a good thing.
Statista provides you with the information you search for right away. Annual retail e-commerce sales growth worldwide from to Retail e-commerce sales growth Share of internet. Internet Retailer’s Guide to the Top Ecommerce Platforms saw all 3 of these platforms on the list –– with BigCommerce annual store growth and revenue numbers topping out at #1.
– Google Wallet introduced as digital payment method. This timeline shows the retail e-commerce sales growth development worldwide from to About Statista → Includes products and services ordered using the internet via any device.
Internet usage growth statistics, since till today, the history of the Internet, the global village, links to web technology history. Worldwide Retail Ecommerce Sales Will Reach $ Trillion This Year Expanding middle classes, greater mobile and internet penetration, growing competition of ecommerce players and improving logistics and infrastructure will all fuel ecommerce growth in the region.