)
FAQs
What is the market share of Shopify vs competitors? ›
Shopify has market share of 17.55% in ecommerce-platform market. Shopify competes with 260 competitor tools in ecommerce-platform category. The top alternatives for Shopify ecommerce-platform tool are WooCommerce with 66.64%, Oracle Commerce with 3.91%, Magento with 2.05% market share.
What is Shopify's US ecommerce market share? ›Shopify Market Share In 2024: At a Glance
Shopify ranked 4th among the top 5 eCommerce platforms worldwide, with a market share of 10.32% in 2024. Shopify owns 29% of the e-commerce platform market share in the United States as of 2024. The market capital of Shopify is $104.63 billion as of the 1st quarter of 2024.
The four Shopify biggest competitors are WooCommerce, Wix, SquareSpace, and Ecwid. Shopify offers 4 plans on the standard version and one Shopify Plus version for enterprise-level companies.
How does market share compare to competitors? ›Market share is the percent of total industry sales a company has. The higher the market share, the more sales a company has than its competitors in their industry. Market share indicates how large a company is and how much influence it has in its industry. It can also be an indicator of growth and success.
What is the competitor of Shopify? ›Compare Shopify Competitors
| Platform | Starting Price | Best For |
|---|---|---|
| Squarespace | $16 per month | Visual designers |
| Wix | $17 per month | DIY sellers |
| Ecwid | Free | Existing websites |
| WooCommerce | Free | WordPress users |
Mar 25, 2024
Amazon's e-commerce sales are down slightly from the previous year when they were 37.8% of all sales. That said, the company is still leading the pack. Other top contenders include Walmart with 6.4% of sales, Apple with 3.6% of sales and eBay with 3% of sales.
What is the largest e-commerce market share? ›Given the size of the Chinese consumer market, it is no surprise that Chinese companies are the leading e-retailers worldwide – Alibaba, ranked first with a market share of 24 percent in 2021. With 13 percent market share, the American e-retailer giant Amazon came as a second.
What percent of ecommerce is Shopify? ›Some other facts about Shopify include: It holds a 32 percent market share in the US in eCommerce. Many startups and large corporations employ Shopify to conduct their sales. It's highly flexible and has over 6,000 apps to customize the user experience.
What is the competitive advantage of Shopify? ›Shopify's partner ecosystem enriches the platform's capabilities, allowing businesses to leverage an extensive range of apps and services to grow their operations. This ecosystem creates a network effect, making it more advantageous for businesses to join and stay with Shopify, thus strengthening its competitive edge.
What is the #1 ecommerce platform? ›Shopify is the leading platform for ecommerce. Its self-hosted software helps you sell everywhere your customers are, with features to handle all aspects of retail—from website design to fast shipping.
Why is Shopify so successful? ›
The company generates over $20 million in revenue each month. Unlike a lot of companies, Shopify was incentivized not just to sell their product to customers, but also to help customers become more successful on the platform. The more money customers made, the more money Shopify made.
Does eCommerce increase market share? ›Pricing is an essential element of e-commerce, and offering competitive prices can help companies win customers from their competitors. Additionally, offering promotions such as discounts, free shipping, and buy-one-get-one can incentivize customers to make a purchase and increase market share.
What is the most popular eCommerce platform statistics? ›Currently, the most popular ecommerce platform is Shopify (25%), followed by WooCommerce (20%), and Wix (13%) Shopify is the global leader when it comes to ecommerce platforms. In fact, the platform's name is the first association many people hear when they think about ecommerce.
How big of a market is eCommerce? ›Revenue in the eCommerce Market is projected to reach US$4,454.00bn in 2024. Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.45%, resulting in a projected market volume of US$6,995.00bn by 2029. In the eCommerce Market, the number of users is expected to amount to 3.5bn users by 2029.
How much market share does Shopify have? ›It holds a 32 percent market share in the US in eCommerce. Many startups and large corporations employ Shopify to conduct their sales. It's highly flexible and has over 6,000 apps to customize the user experience.
What is the market share of Shopify vs Etsy? ›Comparing the market share of Shopify and Etsy
Shopify has a 17.55% market share in the Ecommerce Platform category, while Etsy has a 0.12% market share in the same space.
