Shopify Statistics You Need To Know In 2023 For Your Business

 19 Jan, 2023

Introduction

Shopify almost appears too enormous to be ignored as one of the biggest eCommerce platforms utilized by a large number of online businesses.

Businesses can reach a huge, diverse consumer base thanks to eCommerce websites like Shopify, which also give customers the option to conveniently buy things online using almost any device. 

It's understandable why vendors and buyers alike rush toward them to boost their notoriety. Among the several eCommerce systems available, Shopify statistics continues to be one of the names that many businesses still think of. 

Shopify is unquestionably the most successful eCommerce platform if you're wanting to construct a website using it. In case you are in the dilemma of Shopify VS Amazon, check out Shopify statistics.

shopify market share in US

Shopify stats consistently beat several rivals, holding the greatest market share of any eCommerce website in the US at the moment. However, there is more to investigate when it comes to Shopify statistics. We have the data and research to demonstrate how widespread Shopify usage statistics actually are and why so many major and small businesses are rushing to Shopify eCommerce web development.

Looking for Shopify eCommerce Web Development Services?

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Shopify History

Shopify, a one-stop B2B eCommerce platform founded in 2006, helps digital sellers launch, manage, and expand their online storefronts. It is intended especially for those who own online stores.

The concept for Shopify was created by Scott Lake and Tobias Lütke. When they first opened their internet business, Shopify didn't exist. It was an internet store where snowboards were sold. 

Unhappy with their results, however, they made the decision to find Shopify traffic stats, a brand-new firm created for people having similar problems. One of the largest eCommerce businesses in the world has grown out of what started as a snowboard sales endeavor.

Online merchants can develop a multi-channel experience to highlight a brand offering goods or services using Shopify, an intuitive platform. Shopify store statistics offer business owners the option to build websites that are designed for selling, shipping, and managing products through a subscription-based platform.

Shopify services offer a wide range of tools to assist merchants with virtually all parts of an online store analysis. Users may create a tailored online experience for their customers using technologies like upgraded Shopify SEO capabilities, which helps them improve the return on investment of their marketing expenditures. 

Shopify History

To help reduce expenses all around, Shopify development services and specialist technology automates customer relationship management, transaction, and more. Shopify development company is essentially the new business model.

Other information regarding Shopify development agency includes the fact that it has a 32 percent market share in US eCommerce.

  • Shopify is a popular sales platform used by both small businesses and established businesses.
  • It is quite adaptable and offers more than 6,000 apps that let you personalize your user experience.
  • For your online stores, you can use more than 100 paid, free Shopify themes and approach eCommerce web design services.
  • Integrating an online store with a brick-and-mortar retail space is possible with a Shopify POS system.
  • According to Shopify app store statistics, there are two physical stores, one each in New York City and Los Angeles. The first one opened in 2018, and the second one did so in 2021's third quarter.
  • Over 7,000 workers and independent freelancers work with the Shopify development service.

Trending Shopify Statistics

  • More than 7,000 employees and independent contractors work with the business as of present.
  • The brand has a 23 percent market share in the U.S., it is one of the most well-known eCommerce platforms on the planet.
  • It outperforms rivals like Wix, Squarespace, Weebly, Magento, and BigCommerce and is only surpassed by WooCommerce.
  • Shopify is utilized by numerous startups, therefore you don't need to be a specialist to use it.
  • With more than 6000 apps accessible on the Shopify App Store statistics to personalize the user experience, it is incredibly flexible and simple to use.
  • There are 100+ Shopify themes available that are free and paid.
  • Any retail environment can integrate an online store thanks to the Shopify POS system.
  • Among other features, Shopify Plus' enterprise edition offers greater customization options.
  • The basic Shopify subscription starts at just $29 per month, making it cost-effective for most store owners.
  • Affiliates can get an estimated $58 for every user that signs up for a paying plan through Shopify's extensive affiliate network.
  • Shopify has a big database of Shopify services that provide marketing work, like Shopify SEO services.
  • Shopify built its first physical location in Los Angeles in October 2018.
  • What is Shopify's success rate? 80% of companies using Shopify, according to Shopify development services, are profitable.
  • The market for online shopping was estimated to be worth $1.3 trillion in 2014.
  • Global eCommerce is anticipated to reach $4.89 trillion in 2021, representing a 400% rise in just seven years.
  • About 13.6 percent of all sales in 2019 were done online. By 2021 and 2024, it is anticipated to reach 19.5 and 21.8 percent, respectively.
  • In terms of the expansion of retail eCommerce sales in 2020, North America is second only to Latin America, with Asia and Europe not far behind.
  • In terms of overall eCommerce sales, the U.S. ($843 billion) ranks second to China ($2.8 trillion).
  • China, the world's largest single market, is on track to become the first nation to conduct over half of its retail business online, with eCommerce accounting for 52.1% of all retail sales.
  • Worldwide, mobile eCommerce has grown especially quickly. 
  • Research predicts that through 2024, m-eCommerce will expand at a compound annual rate of 25.5%.
  • More than 2.14 billion consumers are predicted to make online purchases of products and services. In 2016, there were 1.66 billion digital consumers worldwide.
  • By 2024, it is anticipated that 21.8% of all retail sales would be made online.

Shopify’s Transition

The numbers show that Shopify has expanded significantly over the previous few years if that wasn't already clear. Shopify had only 42,000 merchants as of 2012. That number increased to 377,000 by 2016, and in 2019 it attained one million. 

Who knows how many more businesses were using the Shopify platform by the end of 2021 from the 1,749,000 claimed by Shopify by the end of 2020?

E-commerce market share

Shopify has also kept expanding in other markets. Shopify stock has increased by a factor of 50 since its first public offering (IPO) in 2015. Stocks began trading in 2015 at just $28, which was a 60 percent gain over the initial $17 asking price. Stocks were valued at $1,500 in November 2021.

Despite prior denial-of-service and other assaults, Shopify paid ethical hackers approximately $850,000 between 2015 and 2018 to assist protect its users' financial transactions and personal data.

A few Shopify themes are praised for their capacity to increase traffic conversion. eCom Turbo, Booster, and Konversion are currently three of the greatest converting themes.

Shopify had a busy weekend surrounding Black Friday. It generated sales of $1.5 billion in 2018 during that time. Peak sales volume was $870,000 per minute, while peak orders were 10,978 per minute. 

facts about shopify

Shopify development company will deliver purchases made on Black Friday 2018 over a distance of 30 billion miles, which is ten times the distance between Pluto and the Earth!

The majority of Shopify vendors are new business owners.

Although Shopify has been the target of denial-of-service attacks, the company paid ethical hackers approximately $850,000 in 2015 and 2018 to assist protect its users' financial transactions and personal information.

FAQs

What Is The Cost Of Hiring Shopify Services?

The hourly rate range for Shopify development services is $15 to $29 on average. Numerous developers also impose a predetermined fee that varies with the project. Depending on the level of customization needed, the average cost of hiring a Shopify development company for your business may fluctuate from $500 to $25,000.

Depending on your company's needs, we can offer you Shopify development services on an on-site, off-site, or freelance basis.

Shopify Services Comprises Of Which Components?

Through a single, streamlined interface, Shopify's user-friendly eCommerce platform enables small businesses to build an eCommerce website and conduct online sales. A contemporary online store can be created by a Shopify development company that can also sell through other blogs, websites, marketplaces, email, text, and chat.

How To Hire A Shopify Development Agency?

You should use Shopify services if you want to grow your company online to attract more clients and customers. They might hold the secret to giving your customers the finest possible eCommerce experience. Your Shopify development company's skills and knowledge can help you achieve perfection.

Conclusion

The expansion of Shopify seems like it won't be slowing down anytime soon. Year after year, Shopify grows steadily more profitable, well-liked, and feature-rich. The knowledgeable staff at JanBask Digital Design can assist you whether you're thinking about switching to Shopify or want to maximize your investment. 

Our Shopify development firm is made up of seasoned SEO strategists, content writing experts, and account managers, all of whom have an in-depth understanding of how to improve Shopify SEO and support the growth of your company. Since we've worked with Shopify for years, we are familiar with all the nuances that can enhance your campaign.

Looking to Improve Shopify SEO?

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