Nowadays websites have become so vital in our lives that we do many things with the help of these sites and shopping is no surprise. One can buy almost anything online today as eCommerce websites are flourishing around the world. Many types of web development platforms are there to create robust e-commerce websites including WordPress, Magento, Shopify, PrestaShop, and more. These platforms are loaded with a host of features and tools that empower a developer to build custom websites as per a business’s needs and requirements.
As the future of eCommerce is bright, there are a lot of remarkable statistics that we can find from this field of business. You can easily find a reliable eCommerce development company to build a top-notch website for your business. Here we will look at some useful stats related to the eCommerce industry and get an insight into how it is flourishing.
Useful stats related to eCommerce
Stats #1: In 2022, global digital buyers are estimated to reach the 2.14 billion mark
The number of online buyers is growing rapidly and expected to take a major stride in the upcoming years.
Stats #2: eCommerce sales could become 18.1 percent of worldwide retail sales in 2022
You can interpret this stat in another way that eCommerce is slowly taking over the conventional retail business. It is a testimony to the real growth of eCommerce businesses. Indeed, by 2023, it is expected to increase to 22.0 percent.
Stats #3: The number one reason why people prefer to shop online is the free delivery.
There are many reasons that attract buyers to shop online and free delivery is the prime one. Other important reasons include discounts and coupons (41%), customer reviews (35%), easy return policy (33%), and quick checkout (30%).
Stats #4: 81 percent do online research before an online purchase
One of the key reasons why people prefer online shopping instead of in-store purchases is because they get the opportunity to research online thoroughly before making the final purchase. Hence eCommerce websites should offer clear and accurate product pages that provide answers to customers’ queries. Adding FAQs is a great way to fulfil this requirement.
Also read – How to Select the Right eCommerce Development Company?
Stats #5: 81 percent of consumers believe in the advice given by a friend or family
Family and friends are who know best what one wants. So, their advice is precious for everyone. This is best known as social proof that eCommerce businesses can take advantage of to boost sales and add new customers.
Benefits of having an eCommerce website
Round the clock shopping
One of the most important benefits of having an eCommerce website is that your online store is always available to customers so they can do the shopping at any point in time. Unlike a brick-and-mortar store which has a time constraint, an online store is open from dusk till dawn.
No customer up & down
As people in their lives are very busy it is hard for them to find idle time to drive to a local store and buy groceries or other items. In that case, an eCommerce website is a great help. Customers can buy products online without any to and fro journey to a shop. Hence investing in eCommerce website development services can be fruitful.
Hassle-free shopping
The world is already overwhelmed with the crisis of Covid-19, so having proper precautions is a must for everyone. And, social distancing is an urgency now. So, avoiding crowds is an effective way to keep viruses at bay. Also, online shopping offers a hassle-free way to shop.
Wrapping up!!
Online shopping is becoming common in everyone’s life as people become busier. By using an eCommerce website one can easily get the desired products or services without even stepping down from the home. The rising growth of eCommerce businesses is setting new trends and the latest stats about it prove this fact. By choosing the best eCommerce website development company, you can create a robust website for your business. The growth in the eCommerce industry is expected to go upward which will make this field more profitable.
So, having an eCommerce site is a beneficial decision that will give your business a boost in the long run. You can invest in this field to earn more profits. As a flourishing industry, eCommerce businesses can make a good fortune as well as offer a simple and convenient way of shopping to people. You can also save on the costs born to run a brick-and-mortar store.
