If you’re interested in doing business online, it’s important to stay up to date with the latest ecommerce stats, as we all know that the best way to understand any commercial sector is through hard facts and data.
We’ll start with 99Firms’ Ecommerce Statistics for 2020, which prove that ecommerce is growing at a steady rate all over the globe. What’s more, experts predict that retail ecommerce sales will reach $4.13 trillion in 2020.
- It is expected that by 2040, 95% of all purchases will be via ecommerce.
- The world’s fastest-growing ecommerce market is China with an estimated ecommerce value of $672 billion in 2017.
- The US has the highest ecommerce penetration rates, with around 80% of all internet users making at least one purchase.
- The top reason why people make online purchases is that they can shop whenever they want, 24/7.
- Around 43% of ecommerce traffic comes from Google search (organic).
- Slow-loading websites see an abandonment of 75%.
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