Ecommerce Data2023-11-30T08:47:14-05:00

Discover the Latest Trends and Impressive Facts

2023 Global eCommerce Statistics: Key Insights and Trends for Online Retailers

Are you in eCommerce? or do you love online businesses? If the answer is yes, you might love reading some impressive eCommerce statistics worldwide. I have provided a complete list of eCommerce statistics and facts that might amaze you! The global eCommerce market is ever-developing. Because of the Coronavirus pandemic, it has undergone a substantial transformation in the last couple of years. Also, thanks to the advent of the omnipresent internet and massive digitalization, it has made it possible for customers to shop online from their computers or mobile devices.

General eCommerce Statistics

As per one study, 33.6% of shoppers compare prices online before purchasing any product in-store.

Digital advertisement spending grew exponentially during the Covid-19 pandemic by 49% and hit $14 billion in 2021.

In a survey conducted by Oberlo, 51.1% of the participants responded that they prefer to shop online because of ‘Free Delivery.’

A digital wallet / Mobile wallet is online shoppers’ most preferred payment method.

Voice commerce sales are expected to reach over $40 billion sales by 2022.

The average conversion rate of average websites is 2.35%.

Shopify is the second-most popular eCommerce platform used by over 3.9 million live websites.

WooCommerce is the leading eCommerce platform with more than 1/3rd of the market share.

eCommerce Growth Statistics

The worldwide online retail revenue or e-retail revenue is expected to grow to $5.4 trillion in 2022.

The worldwide online retail revenue has increased from $1.33 trillion in 2014 to $4.89 trillion in 2021, i.e., eCommerce revenue has risen almost to 300% in 7 years.

Argentina witnessed the highest eCommerce retail growth rate in 2020, amongst other countries, 100.6%.

Travel, Mobility & Accommodation was the only category that witnessed negative eCommerce growth during the 2019-20 period because of the Covid-19 pandemic, which was -52.6%.

Over 263 million Americans shop online, which is 80% of the total population, and this number is expected to reach 291.2 million by 2025.

As per one report, Turkey will ace the eCommerce development with a CAGR of 14.59% between 2020 to 2025.

As per one report by IBEF, the Indian eCommerce market will surpass the US and become the second-largest eCommerce market in the world by 2034.

NASDAQ suggested that 95% of all the shopping will be carried out online by 2040.

B2B eCommerce Statistics

According to one study, 50% of the B2B companies prefer blogging as their marketing strategy.

B2B eCommerce statistics data suggest that 80% of the B2B orders are placed through websites.

One study also found that 53% of the B2B eCommerce buyers consider video as the most useful form of content, followed by case studies preferred by 50% of the buyers.

According to Salesforce, B2B orders placed through eCommerce platforms increased by 44% in 2020.

During the Covid-19 pandemic, 75% of the B2B professionals preferred digital platforms over in-person meetings for taking business decisions.

Mobile eCommerce Statistics

As per one report, mobile eCommerce shoppers are expected to grow to 187.5 million in 2024 from 167.8 million in 2020.

Meesho remained the most downloaded android app in 2021, with approximately 12 million global downloads.

Mordor Intelligence predicted that the mobile payments market will touch $5,399.6 billion by 2026.

The number of mobile shoppers via the app has increased by 45% during the Covid-19 pandemic compared to before the pandemic.

More than half, i.e., 50.48%, of the eCommerce traffic comes from mobile devices.

Jaw-dropping eCommerce Facts Worldwide 2023

China is the leading country in retail eCommerce sales.

Amazon is the leading eCommerce marketplace that receives the most online shoppers every month, with a market cap of $1.73 trillion.

People are shifting towards voice search in eCommerce; the number of people in the US using voice search for online shopping has increased from 20.5 million in 2018 to 45.2 million in 2021.

The majority of online shoppers start their search with Amazon (63%), followed by Search Engines (48%).

Amazon is the most crucial marketplace globally, with more than 5.2 billion visits per month.

FAQ

More about SEO2022-10-17T14:31:58-04:00

Inbound linking is very important. In fact, acquiring back-links may be the most important thing in SEO. Nonetheless, a website owner shouldn’t have to “scout” or “hunt” for links. If the presented content is interesting, useful, and/or important, there is a natural tendency among web users to share information.

What are the data Methodology?2023-12-08T07:28:51-05:00

Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.

Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.

Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.

Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.

Are Blogs Good for SEO?2022-10-17T14:29:55-04:00

Whether blogs are good for SEO purposes is actually irrelevant–the content is key. Blogs are simply publishing platforms. Having said that, the ability to produce high quality content on an ongoing basis can be made much easier by leveraging blog software – especially for the for non-technical user.

What’s The Deal With Paid Search Submissions?2022-10-17T14:30:07-04:00

Many SEO companies offer paid search submissions but beware: It doesn’t cost a penny to get indexed by the major search engines. And it shouldn’t cost you anything, either. In fact, you don’t even need to submit your site to search engines.

What are the factors contributing to the growth of the AI industry?2023-12-08T07:29:09-05:00

There are several factors contributing to the development of the AI industry.

First, the growing popularity of big data provides more opportunities for AI applications, as AI algorithms require large amounts of data to learn and improve.

Second, advances in computing power and cloud computing infrastructure have made the processing of AI applications more efficient and powerful.

Third, the growing need for automation and optimization across a wide range of industries, including manufacturing, finance, and transportation, is driving the adoption of AI technologies.

Fourth, the growing use of AI in consumer-oriented applications such as virtual assistants and chatbots has expanded the market for AI technology.

Finally, increasing investments and collaborations between technology companies, research organizations, and governments are driving innovation and growth in the AI industry.

The Artificial Intelligence (AI) market is expected to continue to experience significant growth and development through 2030, driven by the increasing adoption of AI technologies across industries, advancements in AI algorithms and infrastructure, and growing investments in AI research and development. The market is expected to witness continuous innovation and expansion as AI is increasingly becoming an integral part of business operations and consumer-facing applications.

How Do I Make My Site Search Engine Friendly?2022-10-17T14:30:18-04:00

The best way to make your site more search engine friendly is often to simply add more text. The content must add value and be on topic, but the addition will create a new set of keywords and phrases for the search engines to crawl. Think of these terms as new ‘gateways’ for the engines – the injection of text will provide new doorways for traffic.

Can Any Inbound Linking Hurt My Ranking?2022-10-17T14:30:37-04:00

The answer is clear and simple: No, inbound linking cannot hurt your search ranking. If inbound were to hurt your rank, your competitors would continually link to your site from link farms. Such a scenario is beyond your control. For this reason, Google cannot penalize your site for any inbound linking.

Is Search Engine Submission Necessary?2022-10-17T14:30:47-04:00

The simple answer is no, a search engine submission isn’t necessary. The majority of search engines, notably Google, crawl and index pages by following links. By that logic, a single inbound link from any previously indexed page will identify your page to the engine.

What are the main trends in the development of artificial intelligence(AI)?2023-12-08T07:29:24-05:00

One of the current trends in the artificial intelligence industry is the increasing use of artificial intelligence (AI) in healthcare, particularly in areas such as disease diagnosis, drug development and personalized medicine. Another trend is the use of AI to improve customer service and support, such as through chatbots and virtual assistants.

The development of AI chips and edge computing is also a growing trend that makes processing of AI applications more efficient and powerful. Finally, the convergence of AI with other technologies such as blockchain and the Internet of Things (IoT) is expected to continue to drive innovation and growth in the AI industry.

What services should be included in your SEO company’s services? 7 things.2022-10-17T14:27:13-04:00

Now that you know the definition of SEO services, it is necessary to review the services offered by SEO companies. While every digital marketing company is different, when it comes to SEO, you want to work with a provider that offers a complete package.

1. SEO Audit

Every SEO company’s services should have an SEO audit.

With an SEO audit, your SEO provider will gain insight into your current strategy.

Even if you don’t have an SEO strategy, your agency will evaluate your website from an SEO perspective to see where it is performing well and where it can be improved.

While you can take advantage of free SEO audit tools, they don’t provide your business with the same insight as a team of SEO experts.

That’s why SEO services should include an audit. If they don’t, it shows a lack of preparation and investment in your SEO company. The absence of an SEO audit may also indicate that your agency does not intend to create a customized strategy for your business. Instead, they use a template, which is why they don’t want to invest the time to audit your website.

The best strategy is one that is tailored to your business, your brand and your audience.

2. Competitor Analysis

No matter how niche your industry is, you want your SEO service to have a competitor analysis. With a competitor analysis tool, your SEO company can discover competitors both online and offline.

This discovery can inform your strategy and help you capitalize on and benefit from your competitors’ weaknesses. While many SEO companies include initial competitor analysis in their services, you want to work with companies that make competitor analysis a regular part of their strategy.

They are constantly evaluating your competitors and are always looking for and identifying opportunities. For example, BusiBoom analyzes your competitors on a quarterly basis.

This proactive approach has allowed us to create competitive strategies for our clients, which has enabled our award-winning team to generate over $770 million in revenue for our clients over the past five years.

3. Customized Strategies

A customized strategy is a core component of the definition of SEO services. You can get the most return on investment (ROI) from SEO when you have a personalized approach that is specific to your business. This translates into more calls, orders and visits to your company.

If you invest in an SEO service package, your team needs to make sure your agency offers a customized strategy. This is because many SEO companies, especially those that promote “cheap” SEO services, offer cookie-cutter or copy-and-paste strategies.

By using a cookie-cutter SEO approach, your business is not getting the maximum ROI. In most cases, companies fail to appear on the first page of search results with these types of tactics, which doesn’t help your business because only 25% of users will go beyond the first page of search results.

This is why your team needs to invest in the services of an SEO company that offers custom strategies.

4. Off-Page Optimization

When you invest in SEO services, your package should include off-page optimization. In SEO, off-page optimization refers to optimizing factors outside of your website that affect your ranking in search results. For example, your backlink profile can shape your ranking in search results.

For reference, your backlink profile refers to the number and quality of sites that link to your site. A food blogger, for example, might link to your website when they share the custom cakes you made for their party.

As part of an SEO company’s services, they usually offer the following services for off-page SEO

  • Promote your site’s content to bloggers and webmasters
  • Develop shareable content for your website’s blog
  • Monitoring your company’s mentions on social media by users and influencers
  • Optimize your Google My Business profile

If you don’t know if an SEO agency offers off-page optimization as part of their SEO services, just ask! They can provide an overview for your team. They can provide your team with an overview of what their SEO marketing services include and what the specific deliverables mean. This way, your staff can make an informed decision when choosing an agency.

5. On-Page Optimization

On-page optimization is another key component of what SEO services mean. With on-page optimization, your SEO agency focuses on optimizing the functionality of your website for search engines like Google.

Some examples of on-page SEO service deliverables include:

  • Updating title tags, meta descriptions and heading tags for search
  • Auditing your site’s information architecture, redirects, and internal link structure
  • Create a sitemap
  • Optimize your site’s imagery according to best practices
  • Research and optimize your site with valuable and relevant keywords
  • Analyze your site’s usability, speed and design

In most cases, on-page optimization makes up a large part of your SEO services. This is why if an SEO company does not offer on-page optimization, they are not offering search engine optimization, which means your team needs to find another agency.

6. Monthly Reports

When it comes to SEO services, transparency is crucial.

You want an agency that your team can trust and rely on, which is why it’s crucial to work with an SEO company that includes regular monthly reports. With SEO reports, your business can immediately see the results of your SEO strategy.

For example, your reports may include your website’s organic traffic, conversion rates, and rankings in search results. In addition to receiving monthly reports, your SEO company’s services should also include time with your dedicated senior marketing expert.

When you have regular meetings with your senior marketing expert, your team can ask questions, review your reports one-on-one, and much more. In short, routine meetings help you and your team stay in tune with your SEO company.

7. Progressive Optimization

SEO is an ongoing strategy, which is why the definition of SEO services often emphasizes the partnership your business forms with your SEO agency.

You are working with your agency on an ongoing basis, which is why an SEO company should work as an extension of your business. This is also why their services should include progressive optimization. Through continuous optimization, your SEO agency will continually optimize your website.

Even if your site meets SEO standards, they will continue to find ways to improve and enhance your SEO strategy, which allows you to get more out of SEO.

Your dedicated senior marketing expert, for example, may find more targeted keywords for your business.

This discovery will translate into new content that can be promoted to bloggers and webmasters in your industry. No matter how advanced or successful your SEO strategy becomes, your company and SEO agency can make it better.

That’s why it’s vital that your business works with an agency that recognizes this and sees the potential of your website.

Can I do SEO on my own vs. buying SEO services?2022-10-17T14:31:10-04:00

Of course! The reasons why businesses choose to invest in SEO services are:

  • Save time
  • Gain SEO expertise
  • Speed up the implementation time of SEO action items
  • Increase rankings and revenue for highly competitive keywords
  • And much more
How does SEO work?2022-10-18T02:52:47-04:00

SEO involves improving your website based on user needs and Google’s algorithms, with the goal of ranking the most relevant and useful content for searchers. SEO techniques aim to make your website more understandable to users and search engine crawlers, and to make your website more valuable to users.

Search engine optimization encompasses a wide range of techniques that focus on adding relevant keywords to your content, making your site more user-friendly, earning links from reputable sources, and much more.

How do I know what type of SEO services I need?2022-10-18T02:52:28-04:00

Various factors determine the ideal SEO services for your business, but here’s an overview of which services work best for which companies.

  • Local SEO is best suited to reach your local users. It works best for businesses that have a physical presence or serve a specific area.
  • E-commerce SEO is for businesses that sell products online and can help relevant shoppers discover your products.
  • Enterprise SEO is for larger businesses or businesses with large websites. enterprise SEO strategies are usually more focused on broad, short-tail keywords.

Regardless of the type of service you choose, a complete SEO plan covering all aspects of SEO, such as on-page optimization, off-page optimization and technical SEO, is usually the most effective approach. an SEO expert can help determine the right plan for you.

How much do SEO services cost?2022-10-18T02:51:38-04:00

The price of SEO services depends on several factors, including your goals, the level of SEO on your industry’s competitors’ websites, the level of SEO available on your website, your aggressiveness, and the level of SEO agency. Also, costs such as administration can be higher for large agencies with many employees.

On average, monthly SEO plans cost $1,500 to $5,000, while hourly SEO costs range from $100 to $300. Ask your SEO service provider for a custom quote to get the most accurate SEO pricing.

Why PPC is Extremely Good for Your Business? 6 reasons2022-10-18T02:46:10-04:00

There are six reasons why you should consider adopting a PPC campaign for your business. Not only is it an effective strategy for increasing traffic to your website, but it’s also cost effective, highly targeted, and produces quick results.

If you’re not already convinced, let’s talk about each of these reasons again.

1. It’s a cost-effective way to advertise

PPC is one of the most cost effective ways to advertise your business. Why, you may ask? Here’s the low point.

If you advertise in a newspaper, on TV or on a billboard, you’re paying for the space your ad takes up. You’re almost paying an arm and a leg for a two-inch square space in your local magazine or newspaper, and billboards can run into the thousands of dollars.

PPC uses the same idea as an ad in a newspaper or magazine, except that your ad will appear on search engines. This leads many people to believe that you have to pay for real estate in search engine results, but that’s one of the great benefits of PPC – you don’t! You don’t have to pay for your ad space.

You don’t have to pay for the space your ads take up in the results pages, you only pay Google when someone clicks on your ad.

This makes the cost of PPC very reasonable, because you only pay Google when there is serious sales potential. We say serious sales potential because PPC ads are so targeted that when people click on them, they are usually ready to buy the product.

In fact, PPC visitors are more likely to buy something than visitors who arrive at your site organically.

This is just the first benefit of this online marketing strategy.

2. It provides fast results

If you’re looking for another reason to employ a PPC campaign, it’s great that it delivers results on time.

Since the ads start appearing once you bid on your targeted keywords and have a good quality score, it’s not impossible to see more traffic to your website within the first week of starting a PPC campaign.

When it comes to other long-term strategies, such as SEO (search engine optimization) or email marketing, it can take a few months to really reap the benefits – although they are amazing and worth the wait.

However, if you’re looking for a strategy that will pay off quickly, PPC is the right strategy for you. Just make sure you audit your PPC campaign often to make sure it’s working pro