The Latest Ecommerce Trends, Statistics & Facts You Need To Know In 2021!

1. The Latest Ecommerce Trends, Statistics & Facts You Need To Know In 2021! Ecommerce is a $4 trillion industry that continues to grow each year. What do you need to know about the latest trends, statistics and facts in 2021? This blog post will explore everything from the growth of e- commerce around the world, how it’s impacting brick and mortar stores, what kinds of products are being sold on e-commerce sites, among other things. It’ll also give some predictions for what we can expect in 2021! Ready? Let’s get started… Global Ecommerce Since the invention of computers, there has been a growing trend toward internet shopping. This is seen in the steady growth of global ecommerce sales.

2. Growth Of Ecommerce Worldwide Sales Of Goods And Services Via The Internet* (Per Year) 1 $0 – $100 billion 2 $101 billion – $200 billion 3 $201 billion – $300 billion 4 $301 billion – $400 billion 5 >$401 billion What Do People Buy Online? *Numbers indicate combined “Online Only” and “Offline Only” revenues. Sources: 1 , 2, 3, 4 . According to Statista , people around the world bought more than 2.3 trillion U.S. dollars worth of goods and services online in 2016, which accounts for approximately 12 percent of total retail sales throughout the entire world that year. As you could probably imagine, the majority of this revenue comes from consumers in North America and Europe who have access to high-speed internet and a large variety of ecommerce platforms to choose from. In 2021, ecommerce will continue to grow as more business owners become comfortable with selling their products online and governments work toward improving citizens’ access to broadband technology worldwide. In 2021, people around the world will buy more than 4 trillion U.S. dollars worth of goods and services via the Internet . That’s about 16 percent of all retail sales! Brick And Mortar Stores Will Continue To Decline Worldwide In 2015, Alibaba , an ecommerce company based in China, held the largest online shopping day ever recorded. Single’s Day (November 11) saw $9.3 billion dollars worth of goods and services purchased that day alone across Alibaba’s various sites! However, even with this amazing success story, not all brick and mortar stores are closing their doors. In fact… In 2015, it was estimated there were more than 1 million physical stores worldwide . This figure is down from an estimate of more than

3. 1.5 million back in 2012. So while physical retail locations continue to decline as a whole around the world due to the growth of ecommerce platforms like Amazon and eBay , they aren’t disappearing entirely just yet! Will They Disappear Altogether? It’s difficult to say for certain what will happen to physical stores in 2021. However, it’s safe to say that they will continue to decline as more and more people shift their spending online. This is especially true among the younger generations who are growing up with smartphones, laptops and tablets and have never known a world without ecommerce. Certain categories of products, such as clothing and electronics, are more likely to be bought online than in physical stores. However, there are still some items that people prefer to buy in person, such as food and cosmetics. Product Categories Sold Online What Kinds Of Products Are Being Sold Online? As mentioned earlier, the majority of ecommerce sales come from consumers in North America and Europe . This can be attributed to the fact that many of these consumers have access to high-speed broadband internet, allowing them to make purchases on their mobile devices or computers. Other notable trends include the increase in sales among older age demographics , as well as the increase in revenue from female shoppers . This is likely due to the growing number of ecommerce stores targeting female audiences with personal care products and clothing lines specifically designed for women. Some popular items being sold online that you might not expect are restaurant gift cards , concert tickets, hotel reservations/room rentals,

4. event tickets, automobile parts , books/ebooks, beauty supplies , food & groceries and TV streaming services ! There will always be a need for physical retail locations where customers go to browse products before making purchases. However, as more and more people become comfortable buying products online, the number of physical stores that will close due to lack of business is likely only going to increase over time. Conclusion paragraph The e-commerce industry has grown to be a $4 trillion global market that continues to grow each year. We’ve explored everything from the growth of e-commerce around the world, how it’s impacting brick and mortar stores, what kind of products are being sold on e-commerce sites, among other things in this blog post. It also gave some predictions for what we can expect in 2021! If you want to learn more about these trends or would like help incorporating them into your own eCommerce Business Strategy, please contact us today!