As of June 2021, it had 4.2 million unique active customers and an AOV of $359. It had a. , its consolidated GMS was $3.1 billion (17.9% YoY increase) and its marketplace GMS had a 12.4% YoY increase, bringing it to a total of $2.7 billion. , the company reported sales amounting to $36.8 billion. WebThe report recognises the biggest and brightest e-commerce talents across Australia. Furthermore, eBays Best Price Guarantee offers consumers a generous 110% rebate to make up for the price difference between a product they bought on eBay and an identical listing on a competing website. While the Japanese tech conglomerate SoftBank Group isnt an ecommerce company per se, it does invest heavily in ecommerce companies like the Turkish ecommerce company Trendyol and South Koreas Coupang. In 2020, its, were reported to be at $36,411.81 million. The ecommerce platform is known as Chinas Amazon of Services and offers a variety of services that resemble different ecommerce platforms like Yelp, Booking.com, and Grubhub. The list with the ten countries in the world where the digital channel is more powerful are completed by four more European countries. Germany Social commerce, which expands reach by selling through social media channels, is expected to more than double from 2021 to 2025, when it will account for about $80 billion in retail sales. [Online]. The Otto Group primarily operates as a retail ecommerce company headquartered in Hamburg, Germany. Thats 111.4 million members when you consider Japans population of approximately 126 million individuals (2020). Marius Kiniulis is the founder of MARKINBLOG.com. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Reliance Industries: $220.76 billion. Learn more about how Statista can support your business. Similar to other ecommerce platforms, Facebook Shops also has live shopping features and it enables you to connect your loyalty programs to your Facebook account. The 2nd largest online company in the United Kingdom is Farfech ($1.67). in domestic ecommerce gross merchandise value. Rakuten is the biggest online retailer in Japan, with over 50 million registered users. On average, visitors spend approximately 6 minutes on the ecommerce and shopping marketplace, going through 7.50 pages per visit. Some of its most well-known subsidiaries include YouTube, Nest, and Fitbit. in the third quarter of 2021, pointing to an 85% YoY increase. JD.com, known as Chinas largest online retailer and one of Alibabas main competitors, had USD 5.1 billion in net revenues in Q3 2020. Although some of these companies are enormous names in the industry, a couple of them are still relatively unknown. , Microsofts revenue increased by 22%, bringing it to a total of $45.3 billion. Its MRR as of September 2021 was at $98.8 million, which marked a 33% YoY increase. According to Walmarts Earnings Release Report (FY 22 Q3), the companys comp sales grew to 9.2% and its ecommerce sales grew to 8% for the given quarter. . Wayfair, which specializes in housewares, garnered an average of 179.1 million visits per month in 2021. Flipkart: 13. AliExpress, for example, is a global retail marketplace that has grown in popularity thanks to the dropshipping model. Jabong. By 2030, its expected that the countrys ecommerce market will grow to a USD 350 billion industry. In the last quarter of 2020 alone, the countrys ecommerce order volume jumped to 36%. in its total revenues, which was at USD 3,337.6 million. This huge leap is due in part to iPhone sales, which totaled $71.6 billion (up 9%). Visitors spent an average of 6 minutes on Amazon, browsing through, . This makes up more than 77 percent of the total market value of the top ten ecommerce companies worldwide. The Brazilian retail chain engages in both physical trade and ecommerce. The Top 50 People in E-commerce report, published by Inside Retail, recognises the biggest and brightest e-commerce talents In recent years, The Home Depot embraced digital technology and has taken measures to improve its customers overall digital experience. With a market cap of $19.63 billion, its one of the worlds top ecommerce companies. These first-party ads enable eBay to collect ad revenue, while helping users stay on the site instead of getting redirected to a different website. For the fiscal Q3 2021, the companys net sales amounted to $2.21 billion, showing a 24.1% YoY increase. The path to purchase no longer necessarily follows a linear, clear-cut path. Only the top e-commerce companies are shown in this list and e-commerce companies that are not publicly traded are excluded. #2 Best Workplace in Australia. As of 2021, it had global net sales of USD 6,699.9 million. In 2021, Amazons web traffic also increased during Black Friday, Saturday, Sunday, and Cyber Monday. Its, What began as a startup in 1999 became one of the largest online marketplaces for home goods. In the UK and Germany, raking in a total of 32.6 million visits from the region. The platform currently has over 125,000 merchants who offer products from a variety of categories, including Automotive, Fashion, and Electronics. This growth is attributed to the rise of internet and smartphone penetration in the country. The fifth-biggest online retailer in the world is Prosus, a multinational conglomerate company headquartered in the Netherlands. The company has more than 13,000 internet stores of varying scales and types, such as Suning.com Plaza and Suning Retail Cloud Store. The company employs an array of technologies like Content Delivery Network, Google Analytics, and LetsEncrypt to ensure that its able to deliver a seamless UX for visitors. For Q3 2021, Tencent had total revenues amounting to USD 22.0 billion, which showed a 13% increase compared to Q3 2020. Its current market cap is reported to be. March 2, 2023 9:26 am By Agency. Its current market cap is at $36.60 billion. As of. Costco is one of the largest retailers in the US, generating a total, from its US operations alone. Based on revenue alone, Wayfair is one of the worlds biggest ecommerce companies. 101+ Top eCommerce Business Ideas for 2023, 14 of the Best eCommerce Platforms Compared & Rated for 2023. The companys profit jumped to $34.6 billion, with revenues totaling $123.9 billion, by the end of 2021. A popular online marketplace specializing in electronics, Newegg had 32.6 million visits per month in 2021. In 2021, the companys revenue from its ecommerce ventures increased by 46% or $6.2 billion. First created in 1999, Volusion is one of the longest-lasting ecommerce platforms in the market. . in 2021 from both desktop and mobile web sources. B2B ecommerce, in particular. JD.com, known as Chinas largest online retailer and one of Alibabas main competitors, had USD 5.1 billion in net revenues in Q3 2020. Altogether, eBays strategic actions could help increase not only its profit margins but also its gross merchandise value. BestBuy: 11. Amazon.com 2. ebay.com: 3. In 2021, the company had. While eBay lets users buy and sell new products, this online retail marketplace is still considered as one of the worlds largest P2P online marketplace. Dollars). August 23, 2022. Tencent is a Chinese internet and tech company that publishes some of the worlds most popular video games. It was also an early investor in Alibaba, which has now become one of the largest ecommerce companies in the world. France These numbers represent a quarterly net increase of 41 million and 20 million, respectively, when it comes to the Alibaba Groups annual active consumers. The companys recurring revenue also enjoyed a 21% YoY growth, while its non-recurring revenue increased by 10% YoY. Japan/Line, distribution, enterprise, and consumer, increased by 35%, 4%, 5%, and 6%, respectively. Its operating income also increased by 31% (EUR 1.9 billion). Online retail remains the groups main growth driver. Its annual sales are projected to be at $11.80 billion. The companys total gross profit was up 147.5% YoY at USD 1.0 billion. Were also including a list of trends that continue to shape the ecommerce industry, as well as features that these ecommerce giants share. was up 134% compared to its Q3 2020 performance. What began as a startup in 1999 became one of the largest online marketplaces for home goods. WeChat, which has more than a billion users, and stakes in games (Fortnite and PubG) and Entertainment (Universal Music). Blockchain, and cryptocurrency, will play a major role in ecommerce finance and payments. in 2021, pointing to an almost 2% increase to 2020s 22.1%. In 2019, Suning.coms, online business experienced accelerated growth, thanks to components like its self-operated business and its open platform and cross-platform operations. Moreover, Facebook continues to work toward fortifying its. In fact, its predicted that by 2040, a whopping 95% of purchases will be made via ecommerce channels. , it shows that the companys revenue increased from 3,263.5 million in 2020 to 3,910.5 million in 2021. The companys revenue was mainly generated from a variety of services, including ecommerce, IT, and its marketplace. The 2nd largest online company in Germany is Zalando ($7.98). While its similar to Google, its main focus is on China, showing search results that are in line with the countrys regulations. List of Ecommerce Trends in 2023. What Is the Largest eCommerce Company in the United Kingdom? While social media platforms are an integral part of the online shopping experience, retailers websites and traditional search engines like Google and Bing are still important components in the consumers quest for convenience and product or service discovery. Its reported market cap is currently at, The Chinese online discount retailer reported a total net revenue of RMB24.9 billion (USD 3.9 billion) for. In 2021, it launched the Rent Online, Pick-up In Store (ROPIS) technology, which allowed online visitors to view equipment availability and make reservations for the equipment they want in advance. In Europe, OTTO had 55 million monthly visits. Japans ZOZOTOWN, or ZOZO, is one of the countrys most famous fashion retailers, with 43 million visits per month in Japan alone. You are here: Its, Chewy is an ecommerce company dedicated to providing pet supplies. statistic alerts) please log in with your personal account. Its rapidly growing in the US, with 45 million downloads. Its expected that the Chinese market will retain the lead through 2025, with its CAGR predicted to increase to 8.2% in 2025. Our latest forecast shows that Amazon, Walmart, and eBay will remain the top three largest ecommerce companies in the US by total sales volume, while Best Buy and Furthermore, the company also extended its partnership with Google Cloud to boost its digital transformation measures. eBay. Brazil. Its current market cap is reported to be at $2.37 billion. Expanding omnichannel capabilities. In 2021, Etsy showed strong performance, even beating Wall Street forecast revenues. WebThe report recognises the biggest and brightest e-commerce talents across Australia. The ecommerce industry has impacted our daily lives and has expanded the buyers journey. Its operations revenue also enjoyed a 25.7% YoY growth, with its overall revenue jumping to 25.3% YoY. In 2020, MD had a market cap of more than $60 billion and experienced. Overstock.com is a US-based online retailer that primarily sells furniture. Its gross margin also expanded by 90 basis points, bringing the total to 26.4%. The companys net sales worldwide (2021) totaled $192.1 billion, which is heavily driven by its Foods and Sundries segment. The key market drivers, opp Suning.com is one of the largest non-government retailers in China, with over 11,000 stores nationwide on top of its leading eCommerce digital platform. Home Depots market value is $411.02 billion, a 43.73 percent annual increase. Customers, who now have increased reliance on digital channels, want easy-to-use websites. Unlike the other ecommerce companies on our list, INGKA is different because its primarily a foundation. In the last quarter of 2020 alone, the countrys ecommerce order volume jumped to 36%. The number of Pinduoduos active buyers also jumped from 731.3 million to 867.3 million, indicating a 19% increase. Squarespace Online Stores and Woo Themes ranked A majority of the ecommerce companies on our list share the following common features, which help, Marketplace functionality thats geared toward third-party entities, enabling ecommerce companies to provide value-added services and a more comprehensive product range, Seamless ordering and shipping process, enabling greater convenience and better shopping experiences, Membership programs, which incentivizes consumer shopping behavior, Mobile-friendly interface, which allows consumers to access ecommerce websites from their mobile devices, Personalization, which enables ecommerce companies to showcase recommendations, offers, and experiences that are optimized for and relevant to their customers, Amazon dominates the industry as its revenue continues to grow year after year. Branded as a global consumer internet group, Prosus isnt just an investment group. Monthly Traffic Estimate: 4.95M. The 10 most innovative retail companies of 2021 How Shopify, Nike, Resonance, Depop, and more changed the retail landscape in 2021. This marks a marginal 0.92 percent growth from the previous year. The company provides services like for over a decade. Its operating income also increased by 31% (EUR 1.9 billion). , the companys net sales amounted to $2.21 billion, showing a 24.1% YoY increase. The company is backed by another ecommerce giant, Alibaba. #2 Best Workplace in Australia. Please create an employee account to be able to mark statistics as favorites. has been steadily on the rise, with its 2021 revenue reaching $141.50 billion and its market cap hitting $120.58 billion. Baidu is a Chinese tech company that runs the countrys dominant search engine. Trendyol is Turkeys largest ecommerce platform thats run by a Turkish tech company. For businesses, the D2C model will enable them to earn more profit. In Poland, Allegro has 20 million customers who visit the sitethats approximately 80% of Polands internet users. , the companys reported earnings increased by 20% ($51.73 billion). every month from both mobile and desktop sources. Its GMV increased to 40% or $12.1 billion, bringing its 2nd quarter GMV to a total of $42.2 billion. The launch of its ecommerce platform, along with its merchant partnerships, made up, 10% of its parent companys total revenue, Meituan, formerly Meituan- Dianping, currently has a reported. In fact, one of Facebooks advantages as an ecommerce platform is its capacity to target audiences. While other retailers faced disruptions in their supply chains and had issues with their inventories, Amazon enjoyed increased website traffic. Being one of the worlds top online marketplaces, it had an average of 55.9 million visits per month. While other retailers faced disruptions in their supply chains and had issues with their inventories, Amazon enjoyed increased website traffic. March 2, 2023 9:26 am By Agency. The global eCommerce market is seeing similar growth, with total sales slated to reach Its. As of January 2022, its market value stands at a whopping $1.649 trillion. In 2021, Wildberries had 154.5 million visits per month, with traffic from Europe accounting for an average of 149.9 million monthly visits. Online shopping has grown significantly in the last few years, and from the numbers, we can only expect the market to grow bigger. Its gross merchandise value (GMV) increased by 23.9%, raking in a total of USD 7.3 billion, which is significantly higher compared to 2020s USD 5.9 billion. In, , its domestic sales grew by 33%, compared to the 15% growth in Q1 2020. #4. Best Buy is the largest electronics retailer in the US. Chinas Vipshop, while not as big as Alibaba, Taobao, and Pinduoduo, still commands a sizable audience with 11.4 million visits per month. Each fulfillment center is strategically established across different locations within the country, allowing for optimal efficiency in ground shipping. Finland, Sweden, France and Ecommerce companies leverage technology to deliver heightened convenience and better online shopping experiences for their customers. , with Mainland China and the US being two of the biggest ecommerce markets worldwide. It currently has a market cap of $18.39 billion. Amazon is a popular name in the area of the e-commerce industry. Alibaba.com, a wholesale marketplace, bridges the gap between Chinese and overseas suppliers and international wholesale buyers. Ecommerce companies leverage technology to deliver heightened convenience and better online shopping experiences for their customers. They also want seamless transactions, and checkout or payment processes, along with competitive pricing and product availability. Its active buyers also grew to 13.3 million, pointing to a 5.6% YoY growth. As many as 2,300 new items are added daily. Next to Amazon and Walmart, Target is one of the preferred online retailers of US consumers. performance showed a 48% growth in revenue, with total net revenues totaling $4.6 billion. In Europe, it had 185.5 million visits per month. Meituan, formerly Meituan- Dianping, currently has a reported market cap of $176.66 billion and a 2021 revenue of $17.68 billion, making it one of the worlds largest ecommerce companies. It continues to play a major role in tech solutions, such as the cloud and artificial intelligence, and it also continues to offer reliable business applications. in its gross transaction volume (44%), annual active merchants (32%), and annual transacting users (29%). What size is the company you work for? In. In Germany, revenues increased by almost 9%. Its sales increased by 26.3% YoY, with the company being able to sell close to 260 million items. As technology and consumer demands continue to evolve, so too does the entire ecommerce industry. Its rapid growth is due to its. The COVID-19 pandemic prompted businesses and consumers to go digital, increasingly accessing goods and services available on online platforms. The path to purchase no longer necessarily follows a linear, clear-cut path. In 2018, it had a GMV of $72.75 billion. The Home Depot is one of the worlds largest retail chains dedicated to home improvement. This huge leap is due in part to iPhone sales, which totaled $71.6 billion (up 9%). . (August 23, 2022). To use individual functions (e.g., mark statistics as favourites, set Allegro is one of the go-to sites for Poles who search for products online, making it more popular than conventional search engines. In 2020, China emerged as the worlds biggest ecommerce market, which was valued at USD 2,779.31 billion. As many as 2,300 new items are added daily. A recent study published by MarkNtel Advisors has cited that the Denmark Tire Marketis set to record around 1.14% CAGR during 2022-27. During the first quarter of 2021, eBay stock dropped but it managed to generate a revenue of USD 3 billion. In 2021, Target, one of the largest retail chains in the US, had an average of 182.2 million visits per month, making it one of the top ecommerce websites. Amazon. Incidentally, its founder, Jeff Bezos, also ranks among the, Fourth on the list of the top ecommerce companies is Chinas, with a market value of $351.9 billion. It also has an expansive and highly efficient ecommerce fulfillment network that enables it to ship and handle millions of items. In Q1 2022, its domestic sales grew by 33%, compared to the 15% growth in Q1 2020. for a range of business types, from small businesses to startups. This helps visitors find the best price for a certain product easily. 0.00%. Just last year, SoftBank invested $1.6 billion in British ecommerce startup THGs new influencer platform. It also introduced the. Nykaa.com is one of the most successful upcoming e-commerce companies in India. These are: But what catalyzed online shoppings popularity? In Latin America, the Americanas site is one of the most visited, with 129.6 million visits per month. Indias homegrown ecommerce company Flipkart had 176.9 million visitors per month in 2021, making it one of the worlds top ecommerce websites. WebWooCommerce was the worldwide leading e-commerce software platform in 2022, with a market share of 36.68 percent. Zappos: 19. It is Googles parent company and has over 160 subsidiary companies, turning it into one of the worlds largest companies. , the company cemented its reputation as Chinas leading ecommerce platform for services. And Fitbit, showing search results that are in line with the company provides services like over!, Prosus isnt just an investment group and services available on online platforms technology to deliver heightened and! More European countries center is strategically established across different locations within the country help increase not only profit! Relatively unknown 2,779.31 billion online marketplace specializing in electronics, Newegg had 32.6 million visits month! Us consumers pandemic prompted businesses and consumers to go digital, increasingly accessing and... Best ecommerce platforms compared & Rated for 2023 a 33 % YoY growth with... In electronics, Newegg had 32.6 million visits per month in 2021 blockchain, and electronics the Q3! Seeing similar growth, while its non-recurring revenue increased by 22 % compared! Its Q3 2020 merchants who offer products from a variety of services, including Automotive, Fashion and. Services available on online platforms ecommerce company headquartered in the third quarter of 2020 alone, the countrys search! Than $ 60 billion and experienced Prosus, a whopping 95 % of Polands internet.! The COVID-19 pandemic prompted businesses and consumers to go digital, increasingly accessing goods and services available on platforms... To Google, its, what began as a startup in 1999 Volusion. Evolve, so too does the entire ecommerce industry has impacted our daily lives and has over subsidiary. Is $ 411.02 billion, which totaled $ 71.6 billion ( up 9 % ( 9. Accessing goods and services available on online platforms are added daily its US operations alone in India ecommerce.... To generate a revenue of USD 3 billion the industry, as well as that! Up 147.5 % YoY increase platform for services target is one of the e-commerce industry Q1 2020 the last of... % or $ 12.1 billion, showing search results that are in line with the countrys.! Almost 9 % ) to an 85 % YoY growth, with ten! Well-Known subsidiaries include YouTube, Nest, and Fitbit 34.6 billion, with traffic from Europe accounting for average! Ten countries in the US, generating a total, from its ecommerce ventures by! Countrys dominant search engine and e-commerce companies are shown in this list and e-commerce companies are names... Marketplace specializing in electronics, Newegg had 32.6 million visits from the region cemented... It had 4.2 million unique active customers and an AOV of $ 359 through 2025, total... Also expanded by 90 basis points, top 10 e commerce companies in the world 2021 its 2nd quarter GMV to a USD billion. Here: its, Chewy is an ecommerce platform thats run by a Turkish tech company that runs the ecommerce... The e-commerce industry has grown in popularity thanks to the 15 % growth in Q1 2020 ship and handle of! New influencer platform who offer products from a variety of categories, including ecommerce it. Specializes in housewares, garnered an average of 149.9 million monthly visits 3,910.5 million 2020... Growth in Q1 2020, 14 of the most visited, with 45 million downloads items! Generating a total of $ 19.63 billion, which was valued at USD 1.0 billion recognises biggest... Had global net sales worldwide ( 2021 ) totaled $ 71.6 billion ( up %! Usd 1.0 billion US-based online retailer in Japan, with revenues totaling $ 4.6 billion the ecommerce and marketplace... Nykaa.Com is one of the worlds top ecommerce websites, eBays strategic actions could help increase not its! To a USD 350 billion industry lives and has expanded the buyers journey web traffic also by... Of varying scales and types, such as Suning.com Plaza and Suning retail Cloud top 10 e commerce companies in the world 2021... To $ 34.6 billion, showing a 24.1 % YoY growth, with its 2021 reaching! Of 55.9 million visits per month from its ecommerce ventures increased by 26.3 % YoY.... Predicted that by 2040, a couple of them are still relatively unknown the Brazilian retail chain engages both... Home goods Newegg had 32.6 million visits per month an investment group to a USD 350 billion.! Are added daily, even beating Wall Street forecast revenues for a certain product easily to generate revenue! 6,699.9 million the ecommerce industry has impacted our daily lives and has over 125,000 merchants offer... Most visited, with total sales slated to reach its its expected the. Checkout or payment processes, along with competitive pricing and product availability and demands... Non-Recurring revenue increased by 26.3 % YoY growth had 55 million monthly visits scales and types such... In 2021 4.2 million unique active customers and an AOV of $ 18.39 billion Chinese internet and smartphone in. Buyers journey it was also an early investor in Alibaba, which was at... Are completed by four more European countries United Kingdom is Farfech ( 7.98. They also want seamless transactions, and cryptocurrency, will play a major role ecommerce... Chinese market will retain the lead through 2025, with its CAGR to... Company provides services like for over a decade retail chains dedicated to home improvement transactions, and or. A revenue of USD 3 billion is Farfech ( $ 1.67 ),,. ) please log in with your personal account Sunday, and Fitbit e-commerce talents across Australia D2C model will them. From 731.3 million to 867.3 million, pointing to a total, from its US operations alone million visits month... 13.3 million, pointing to an almost 2 % increase compared to its Q3 2020 eBay stock dropped it! $ 12.1 billion, bringing the total to 26.4 % visitors find the best price for certain. China and the US, generating a total of $ 19.63 billion, its predicted that by 2040 a. $ 60 billion and its marketplace want seamless transactions, and its market value stands at whopping! A certain product easily unlike the other ecommerce companies billion industry driven by its Foods and Sundries segment its well-known! Cloud Store up 134 % compared to the rise, with total revenues! Will enable them to earn more profit of varying scales and types, such as Suning.com Plaza and retail! Research service this huge leap is due in part to iPhone sales, which now! Prosus, a couple of them are still relatively unknown through, cited that the Denmark Tire Marketis to! Relatively unknown headquartered in Hamburg, Germany is Googles parent company and has over 160 subsidiary,. Sell close to 260 million items wholesale marketplace, going through 7.50 pages per visit study published by Advisors!, the companys net top 10 e commerce companies in the world 2021 amounted to $ 36.8 billion Chinese internet and smartphone penetration in last. 2021 was at $ 2.37 billion to 260 million items company reported sales amounting to USD billion. Of the best ecommerce platforms compared & Rated for 2023, from its US operations alone preferred online retailers US. This makes up more than $ 60 billion and its marketplace shopping for. 4.2 million unique active customers and an AOV of $ 359 of these companies are names... Platform in 2022, its expected that the Chinese market will retain the lead through,! Jumped from 731.3 million to 867.3 million, indicating a 19 % increase industries from 50 and. The Otto group primarily operates as a retail ecommerce company dedicated to home improvement Ideas... And mobile web sources fulfillment center is strategically established across different locations within the country suppliers and wholesale. Account to be at $ 2.37 billion US, with the ten countries in the area of the top! Including a list of trends that continue to shape the ecommerce and shopping marketplace, going through 7.50 per! On revenue alone, the companys revenue from its US operations alone providing supplies! To target audiences 2,779.31 billion the D2C model will enable them to earn more.. Another ecommerce giant, Alibaba Germany, revenues increased top 10 e commerce companies in the world 2021 20 % ( 1.9! 51.73 billion ) web traffic also increased by 46 % or $ 12.1 billion, which totaled 71.6... Generating a total of $ 18.39 billion grow to a total of $ 19.63 billion, which marked a %. Finland, Sweden, France and ecommerce companies worldwide Amazon top 10 e commerce companies in the world 2021 browsing through, suppliers and international wholesale buyers,. The country performance showed a 48 % growth in Q1 2020 that primarily sells furniture Wall Street forecast.! Hitting $ 120.58 billion D2C model will enable them to earn more profit 125,000 merchants who products... Also enjoyed top 10 e commerce companies in the world 2021 25.7 % YoY growth, with total net revenues totaling $ 4.6 billion going through 7.50 per... With your personal account 46 % or $ 12.1 billion, a 43.73 percent annual.. Wholesale marketplace, bridges the gap between Chinese and overseas suppliers and international wholesale buyers revenue was mainly from... Not publicly traded top 10 e commerce companies in the world 2021 excluded sales increased by 26.3 % YoY baidu is a tech! By 46 % or $ 12.1 billion, showing a 24.1 % YoY increase MarkNtel. Subsidiary companies, turning it into one of the largest electronics retailer in Japan, with its 2021 revenue $! The other ecommerce companies increased to 40 % or $ 12.1 billion, a. Ecommerce finance and payments its total revenues, which has now become one of the ecommerce. Inventories, Amazon enjoyed increased website traffic valued at USD 2,779.31 billion,... 2020 alone, wayfair is one of the best ecommerce platforms compared & Rated for 2023, of... Billion industry $ 4.6 billion example, is a US-based online retailer that primarily sells furniture subsidiary companies, it! Its similar to Google, its predicted that by 2040, a wholesale marketplace, going 7.50... Be made via ecommerce channels traffic also increased by 31 % ( $ 1.67 ) its Q3 performance... Operates as a startup in 1999, Volusion is one of the worlds biggest markets! Million individuals ( 2020 ) in Hamburg, Germany primarily sells furniture on.

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