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Worldwide e-commerce software vendor market size 2019-2024

Estimates suggest that the e-commerce software application market will bring in over 6.53 billion U.S. dollars in revenue in 2021. Between 2019 and 2024, forecasts predict that overall market revenues would increase by over 1.3 billion dollars.

E-commerce

The purchase of goods or services over the internet is generally referred to as e-commerce. In 2019, total revenues from e-commerce related sales will amount to over 3.5 trillion U.S. dollars and e-commerce will account for over 14 percent of all retail sales around the world. This trend is forecasted to continue in the coming years with ecommerce sales reaching 6.5 trillion dollars or around 22 percent of all global retail sales by 2023. As global internet access continues to expand, consumers from around the world are discovering the advantages of shopping online. Amazon.com is the most popular platform in the U.S., while Alibaba serves as the front runner in many Asian economies. Amazon’s e-commerce platform was accessed by over 200 million customers in the U.S. alone, and other online stores such as Walmart.com, eBay, Target, and Apple gathered tens of millions of visitors.

e-Commerce software application market revenues worldwide from 2019 to 2024

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Sources

Release date

November 2020

Region

Worldwide

Survey time period

2019

Supplementary notes

* Forecast.

For this statistic, the figures from 2020 to 2023 were rounded after being calculated using a constant annual growth rate of 4.0 percent CAGR, based on data provided by the source.

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