In 2020, total sales made via mobile devices came in at $2.66 trillion. The growth of mobile commerce has been particularly noteworthy. As many as 100,000 are forecast to shut over the next five years.Īt an estimated 24,000 closures, apparel retailers will be the most affected, followed by 12,000 consumer electronics stores, and 11,000 home furnishings and grocery stores each. The positive COVID-19 impact on ecommerce, unfortunately, spells a heavy loss for brick-and-mortar stores. That marks a 67 percent increase in five years. Penetration rates, which are currently at 15 percent, are expected to increase to 25 percent by 2025 (MarketWatch, 2020). In fact, market analysts say that the ecommerce industry will be the biggest beneficiaries of the coronavirus pandemic. This is because people will get comfortable with the comfort and convenience it offers and the benefits of contactless payments, both of which are likely to cause a permanent behavioral shift towards digital purchases. With governments worldwide shutting stores and implementing lockdowns to restrict social movement for months on end in a bid to combat the coronavirus, more and more people are resorting to online shopping to purchase items.Īlready, ecommerce giant Amazon’s Jeff Bezos has seen his fortune grow by nearly $24 billion thanks to increased customer demand for Amazon’s products and services.Īnd experts predict that the impact of the coronavirus will not just be a short-term boost to ecommerce but one that’s here to stay, even after COVID-19. Undeniably, one of the biggest impacts-if not the biggest-on ecommerce trends in 2020 will be COVID-19. With all the comfort that is provided, there’s no surprise that online sales growth is becoming unstoppable. Websites have also become a lot more customer-friendly. At one point, people used to be hesitant to buy things online, but that’s no longer the case. There is also an increase in trust that online buyers have when they are purchasing online, as well as improved website experience.
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One of the main ones is arguably the level of comfort that is provided to online shoppers. This increase in online shopping can be attributed to a number of factors. With the increasing popularity of ecommerce stores, a rising number of people are turning to online shopping.
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Online sales are expected to continue growing and hit $6.388 trillion – nearly twice that of 2019’s total ecommerce sales.Įven though online shopping is one of the most popular online activities, its usage varies by region. Global ecommerce sales are projected to increase 26.7 percent year-over-year to $4.891 trillion in 2021 (eMarketer, 2021). Online shopping is one of the most popular online activities. Online Sales Growth is UnstoppableĮcommerce sales have been growing constantly and for good reason. Top Ecommerce Trends 2021:Īre you wondering what the future of ecommerce looks like? Do you want to look into what trends will shape the success of your online store? Here are the top 10 ecommerce trends for 2021 that you need to look out for. By doing this you can drive your ecommerce brand forward, and stay ahead of your competition. That’s why it’s so important that ecommerce trends are analyzed and adopted in a timely manner. As we move into 2021, you need to know these trends in order to take advantage of them. You need to keep looking ahead to ensure future success. No matter how mature your ecommerce store is right now, if you don’t keep up with ecommerce trends, you’ll risk falling drastically behind. To stay ahead of the competition, ecommerce trends need to be constantly monitored. The ecommerce world is becoming increasingly competitive. Hire yourself and start calling the shots. To take your ecommerce business to the next level in 2021, make sure to take advantage of these emerging trends in the ecommerce industry.ĭon’t wait for someone else to do it. And you too can include these ecommerce developments into your business to ensure steady growth of your online store.
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So, if you’re still on the fence about the future of ecommerce, these ecommerce trends will prove to you that ecommerce isn’t just rapidly growing, it’s here to stay. And 2021 is here to further transform the world of ecommerce. Whether it’s customization, enhanced return policies, or improved integration, all of these changes (among countless others) have taken the world of ecommerce by storm. When it started, ecommerce was fairly limited in its capabilities. It has evolved to meet the changing needs of people, and to make online shopping easier for the modern day customer. There’s no looking back now.Įcommerce has revolutionized retail. In 1995, the first item ever was ordered online on Amazon – a book.Īround 20 years later, the ecommerce industry has made over 2 trillion US dollars in sales worldwide.