Does eCommerce continue to grow?
Growth of post-pandemic e-commerce: 2021 predictions In fact, Emarketer recently estimated that e-commerce will grow another 13.7\% in 2021, reaching $908 billion.
What will be the dominating technology for e commerce in the next five years?
Mobile Commerce Will Dominate Ecommerce As consumers’ trust in online shopping increases, they feel more comfortable making purchases using their mobile devices. By the end of 2021, mobile devices are expected to make almost 73\% of total eCommerce sales.
Which type of e-commerce is expected to dominate in 2020?
In terms of revenue, Business to Business (B2B) dominated the market for e-commerce with a share of 63.1\% in 2019 and is expected to witness the fastest growth from 2020 to 2027. This is attributed to the growing inclination of the companies towards online selling and buying of goods and services.
How can businesses expand their e-commerce business?
Business expansion through strategic partnerships, mergers, and acquisitions remains the premiere strategy of players operating in the e-commerce industry. For instance, in September 2019, Alibaba Group Holding Limited announced the acquisition of NetEase, Inc., a company offering online e-commerce services.
Which ecommerce platform is best for small business?
7 Ecommerce Platforms for Small Business Owners. 1 1. BigCommerce. BigCommerce is the ecommerce platform of choice for some major companies like Skullcandy and Solo Stove. BigCommerce boasts a 2 2. Shopify. 3 3. Volusion. 4 4. Shift4Shop. 5 5. WooCommerce.
What are the largest e-commerce companies in the world?
With a growing international presence anchored by AliExpress and other investments in retail, Alibaba is by far the world’s largest e-commerce company. Image source: Amazon. Amazon is the largest online retailer in the United States.