As we begin the new year of 2023, it’s important to take a look at the current state of the ecommerce industry. In this newsletter, we will be sharing some key ecommerce statistics for 2023, as well as insights into Amazon & Shopify seller statistics.
Firstly, let’s take a look at the overall ecommerce market. According to a recent report by eMarketer, global ecommerce sales are projected to reach $6.5 trillion by the end of 2023. This represents a 20% increase from 2022, demonstrating the continued growth & importance of ecommerce in today’s business landscape.
In addition, mobile commerce (m-commerce) is set to account for a significant portion of this growth, with m-commerce sales expected to reach $3.5 trillion by 2023. This highlights the importance of having a mobile-friendly ecommerce platform & the need to prioritize mobile optimization when designing ecommerce sites.
Now, let’s dive into the Amazon seller statistics for 2023. As the largest online retailer in the world, Amazon continues to dominate the ecommerce industry. In 2022, there were over 2.5 million active Amazon sellers worldwide & this number is expected to grow to over 3 million in 2023.
In terms of revenue, Amazon sellers collectively generated over $300 billion in sales in 2022, a staggering figure that is expected to increase to over $400 billion in 2023. This demonstrates the enormous potential for businesses to sell on Amazon & the importance of having a strong presence on the platform.
However, it’s important to note that competition on Amazon is fierce, and it can be challenging for sellers to stand out among the millions of other businesses on the platform. As a result, it’s crucial for sellers to invest in strategies such as Amazon SEO, advertising, and customer service to increase their visibility & drive sales.
Next, let’s turn our attention to Shopify seller statistics for 2023. Shopify is a popular ecommerce platform that allows businesses to easily create & manage their own online stores. In 2022, there were over 1.7 million active Shopify stores worldwide, and this number is expected to grow to over 2 million in 2023.
In terms of revenue, Shopify stores collectively generated over $120 billion in sales in 2022, and this is projected to increase to over $160 billion in 2023. This demonstrates the significant potential for businesses to sell on Shopify & the platform’s ability to support the growth of small & medium-sized businesses.
One of the key advantages of Shopify is its ease of use & flexibility. The platform offers a range of customization options and integrations, allowing businesses to create unique & engaging online stores that reflect their brand identity. In addition, Shopify’s user-friendly interface and helpful customer support make it an attractive option for businesses of all sizes.
However, as with Amazon, competition on Shopify can be fierce, and it’s important for businesses to invest in strategies such as SEO, advertising & social media marketing to drive traffic & sales. It’s also important to note that while Shopify offers a range of powerful features, businesses may need to invest in additional third-party apps or services to fully optimize their online store.
In conclusion, 2023 is set to be a significant year for the ecommerce industry, with continued growth & innovation driving the market forward. Whether you’re selling on Amazon, Shopify, or another ecommerce platform, it’s important to stay up-to-date with the latest trends and strategies to ensure your business is positioned for success.
For assistance with starting, building, managing and growing an Amazon FBA business, schedule a call with the Elite Automation team to get started.
