Hi everyone today, I am going to talk about the growth of the E-Commerce business. We have seen that there are more than thousands of e-commerce stores in our country. If we look through the statistics we will find that before 2010 there are only a few online shops in Bangladesh through online shops were popular at that all over the world.
Simply put, eCommerce is commercial transactions that happen electronically online. And by the year 2021, eCommerce is predicted to get $4.5 trillion in sales per annum. If you’re thinking the longer term looks bright for those selling products online, these stats definitely back that up.
61% of online consumers within us have made a sale supported recommendations from a blog. (Content Marketing Institute)
59% of Millennials will attend Amazon first when online shopping, making the enormous online retailer one among your biggest competitors. (Inviqa)
By the year 2040, it’s estimated that 95% of all purchases are going to be through eCommerce. (Nasdaq)
In 2017, Amazon accounted for 44% of all US eCommerce sales. (CNBC)
55% of internet buyers tell friends and family when dissatisfied with a product or company. (UPS)
93.5% of worldwide internet users have purchased products online. (OptinMonster)
Around 50% of individuals say they’d purchase something from a website’s chatbot using conversational marketing. (Drift)
76% of individuals like better to attend a physical store for holiday shopping. (GeoMarketing)
Multi-step forms in WordPress can cause 300% more conversions. (Venture Harbour)
The eCommerce industry is growing 23% year-over-year, yet 46% of yank small businesses still don’t have an internet site . (BigCommerce)
Globally, credit cards are the well-liked method of payment, getting used in 53% of transactions, followed by digital payment systems (43%), and debit cards (38%). (Kinsta)
68% of small businesses don’t have a structured or documented conversion rate optimization (CRO) strategy. (State of Conversion Optimization Report)
Mobile shopping hit $2 billion for the primary time on Cyber Monday in 2017. (Practical eCommerce)
69% of B2B businesses say they expect to prevent printing catalogs within 5 years. (B2XPartners)
Amazon is making an AI-based, real-time product recommendation engine available to sellers who use the AWS console. (Absolunet)
32% of internet buyers own a minimum of one connected home device. (UPS)
Only 2.86% of eCommerce website visits convert into a sale . (Invesp)
In the US, 2 in 5 consumers (41%) receive 1-2 packages from Amazon per week which number jumps to 50% for consumers ages 18-25, and 57% for consumers ages 26-35. (Walker Sands)
The #1 reason people shop online is that they’re ready to patronize all hours of the day. (KPMG)
In the last year, businesses have lost $756 billion due to poor eCommerce personalization. (OptinMonster)
6 out of 10 American shoppers use self-service tools for his or her concerns including websites (24%), mobile apps (14%), voice response systems and VoIP (13%) or online live chat (12%). (Amex)
Globally, 57% of internet buyers buy from retailers who are overseas. (Nielsen
