Post by account_disabled on Mar 9, 2024 22:46:59 GMT -5
The number of eCommerce companies and the revenue generated online continues to grow. There are numerous eCommerce industries and many statistics that business leaders need to know. If you need guidance on improving your business, optimizing your eCommerce elements , or are trying to find some baseline data, look below at some of the statistics we've collected. The guide will help you make key decisions and know when and where improvements need to be made. General statistics on e-commerce Online sales represent 50% of all sales for most companies today. Over half (58.4%) of Internet users purchase a product or service online every week. Consumer electronics is the sector in which the most is spent online (988.4 billion dollars). With $904.5 billion spent annually, fashion is the second most important online category. China and the United States account for more than 60% of total online retail sales.
In 2022, online retail sales reached $4.9 trillion Denmark Phone Number worldwide. Between 2023 and 2027, online sales are expected to grow by $7.5 trillion. By 2040, approximately 95% of all sales will be made through an eCommerce system . 93.5% of Internet users worldwide have made a purchase. The e-commerce sector in the United States is growing 23% year over year. Conversion statistics The average conversion rate of an e-commerce site is around 2.5-3%. A UK consumer is 33% more likely to convert than a US consumer. A UK consumer is twice as likely to convert as an EU consumer. Social media has the lowest conversion rate (1%) Google search has the highest conversion rate (3.3%) 18% of local searches on Google lead to a sale within 24 hours. 46.5% of small businesses convert more customers when they offer free shipping. Exit-intent popups convert 53% of consumers.
Consumer behavior in e-commerce 61% of US consumers have purchased from a blog recommendation. About 55% of online shoppers tell friends and family about an unsatisfactory experience with a product, service or brand. Chatbots can help improve sales: around 50% of consumers will purchase a chatbot recommendation. Consumers prefer to use credit cards (53%). Other preferred payment methods are digital payment systems (43%) and debit cards (38%). More than half of online consumers (57%) will purchase from a retailer based in another country. 60% of consumers will use self-service tools to resolve a problem. US consumers are less likely (75.5%) to abandon their shopping cart than consumers in the UK (76%) and EU (82%).
In 2022, online retail sales reached $4.9 trillion Denmark Phone Number worldwide. Between 2023 and 2027, online sales are expected to grow by $7.5 trillion. By 2040, approximately 95% of all sales will be made through an eCommerce system . 93.5% of Internet users worldwide have made a purchase. The e-commerce sector in the United States is growing 23% year over year. Conversion statistics The average conversion rate of an e-commerce site is around 2.5-3%. A UK consumer is 33% more likely to convert than a US consumer. A UK consumer is twice as likely to convert as an EU consumer. Social media has the lowest conversion rate (1%) Google search has the highest conversion rate (3.3%) 18% of local searches on Google lead to a sale within 24 hours. 46.5% of small businesses convert more customers when they offer free shipping. Exit-intent popups convert 53% of consumers.
Consumer behavior in e-commerce 61% of US consumers have purchased from a blog recommendation. About 55% of online shoppers tell friends and family about an unsatisfactory experience with a product, service or brand. Chatbots can help improve sales: around 50% of consumers will purchase a chatbot recommendation. Consumers prefer to use credit cards (53%). Other preferred payment methods are digital payment systems (43%) and debit cards (38%). More than half of online consumers (57%) will purchase from a retailer based in another country. 60% of consumers will use self-service tools to resolve a problem. US consumers are less likely (75.5%) to abandon their shopping cart than consumers in the UK (76%) and EU (82%).