How Many People Shop Online?
With the rise of eCommerce, Global online stores are winning the online competition with flying colors. Surprisingly, online sales are projected to reach 6,542 billion U.S. Dollars in 2024.
In 2020, an estimated 2.05 billion people worldwide prefer online shopping. In other words, 26% of the total of 7.8 Billion people in the world are digital buyers. As a result, that’s opening new avenues for eCommerce retail shops to grow their businesses.
The number is estimated to reach 2.14 billion by 2021. It is no surprise because online buying is increasingly becoming more and more convenient. That's the reason why people like to spend online. A report from Statista suggests that in the USA people spend around 1,804 dollars on online shopping. Likewise, in the UK it’s $1,629. Furthermore, you can see the amount spent by other countries:
- Sweden: $1,446
- France: $1,064
- Germany: $968
- Japan: $849
- China: $626
- Russia: $396
- Brazil: $350
Digital buyers are ready to spend online to avoid crowds in the wake of COVID-19 and save time; due to the convenient of not going to shop; availability of multitude of choices in one eCommerce shop; ease of selection; ability to shop 24/7; ability to compare prices; availability of good service; ability to get free shipping; ability to get better value; ability to get home delivery for big items; finding brands easily; finding product information; fun and impulse; as well as easy payment methods is another such reason why people prefer online shopping.
COVID 19 is one of the top reasons for consumers to pay online. To discover the impact Covid-19 has on payment methods, PaySafe surveyed 8000 consumers in the UK, USA, Canada, Germany, and Australia, to find the popular payment method, and here are the results.
Online eCommerce shops that offer safe payment gateways, quality products, on-time shipping are more likely to grow online. As in the USA, Walmart, Amazon, eBay, and Apple products are successfully selling online. As shown in the following graph.
Just like Walmart and amazon your web shop too can touch the sky in the digital abode. You can start selling by building your online shopping platform with the help of E-commerce store developers and service providers.
E-commerce Store Development Service Provider: MessageMuse LLC
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