It’s difficult to be an internet user and not note that Online Shopping Trends have increased, from marketing for e-commerce companies to the number of online marketplaces. If you’re curious about how huge it’s gotten, keep reading about some online shopping statistics and trends.
Given that the internet is one of the quickest and least expensive means to transport information across great distances, it’s no wonder that individuals created retail websites to capitalize on this new technology. However, the only way to evaluate how far it has progressed is to examine some online buying statistics concerning Ecommerce Trends.
The e-commerce business and online shopping essentially cover all internet-based purchases. With shops migrating online, third-party marketplaces, and increased internet connectivity throughout the world, online transactions are worth trillions of dollars each year.
Stores have long watched sales data, where their money originates from, Trends in Online Shopping, and client patterns, so it seems to be why businesses will pay attention to similar e-commerce trends now that they are so valuable. Fortunately, many of these statistics are available for free, so we’ve compiled a list of some of the fascinating ones.
Companies are continuously gathering data about you when you’re online or Trends in eCommerce – you can learn more about this by reading some data privacy statistics. This isn’t good for individual privacy, but it does mean that there is a lot of interesting data to sift over, so let’s get started by looking at how e-commerce has developed and how much it could increase in the future.
Statistics on Online Shopping: The scope of Online Shopping
Without a doubt, internet shopping is ubiquitous and significant. Thus the first six figures will provide a genuine picture of how many people purchase online and how much money is spent on these sites.
How popular is online shopping?
According to the Adobe Digital Economy Index, total worldwide e-commerce sales were $876 billion in the first quarter of 2021. It is even expected to reach $4.2 trillion per year by the end of 20211, making worldwide internet sales higher than Germany’s GDP (3.86 trillion in 2019). (ADEI).
How many people do their shopping on the internet?
In 2021, there will be around 2.14 billion unique internet customers worldwide.
This indicates that more than a quarter of the worldwide population has access to at least one e-commerce site and has made one online transaction.
Given that only 60% of the world’s population has access to the internet, only under half of those with access to the internet utilize it to buy online.
How popular is Online Shopping in the United States?
In 2020, e-commerce revenue in the United States surpassed $400 billion for the first time, hitting $431.6 billion. This is a roughly 20% increase above overall sales in 2019, which was $360.1 billion.
How big will internet buying become?
Although we can’t foresee how much money online shoppers will spend in the future, Statista projects that retail e-commerce sales will surpass $500 billion by 2022. It is also predicted that by 2025, internet retailers will produce $563.4 billion in sales.
How many people purchase online in the United States?
Given the enormous value of all retail e-commerce transactions, it may come as no surprise that 76 percent of U.S. adults shopped online in 2018, according to a Marist Poll. Of the 76 percent of U.S. adults polled, 62 percent were classified as frequent online consumers, defined as persons who buy something online more than once a month.
How frequently do Americans go online?
You must use the internet if you want to buy something online. However, according to a Pew Research Center survey from 2021, 7% of U.S. adults never go online and cannot access an online business.
On the other side, 85% of respondents indicated they went online at least once every day, with 31% stating they were virtually always online. Although this does not ensure that they would purchase online, it does indicate that most Americans have the potential to become online consumers at some time.
Statistics on Online vs. In-Store Shopping
Although internet shopping appears to be the way of the future, the following facts reveal that many consumers still prefer to go into a store to see real things.
How frequently do individuals purchase online?
Because you don’t have to go out of your way to travel to the shops, online retail companies typically make it easier to buy products separately, and many sites provide free shipping. However, just 18% of Americans indicated they purchase online on a monthly or daily basis. Instead, most respondents (25 percent) shopped online a few times a month or between once a year and once a month (26 percent).
According to a 2018 Marist Poll report, 30-44-year-olds are the most likely to be frequent online consumers, with 56 percent purchasing something more than once each month. On the other side, 33% of those aged 45 and up claimed they had never purchased online previously. 4
Do customers prefer to purchase in-store?
According to a 2018 Marist Poll research, 56 percent of Americans prefer buying in a physical store to purchasing online if all other factors are equal. However, being able to shop at any time (64 percent), readily finding the item (62 percent), and saving time (61 percent) were also key reasons that consumers could choose to purchase online.
The BigCommerce and PayPal 2021 consumer spending survey, on the other hand, discovered that just 54.5 percent of Americans preferred shopping in person, and 12.2 percent didn’t care either way. This might be a one-time blip, but if the trend continues, internet buying could swiftly become America’s preferred method of purchasing.
Final Thoughts: Statistics on Online Shopping
E-commerce is a massive sector that isn’t going away anytime soon. These online buying data should have made it simpler to understand consumer approval of the Future of Online Shopping and what matters to them.
