The world of e-commerce is continuously changing. Some trends stayed, while others got lost in time. And if you have an e-commerce shop, you should always be in-the-know with the current trends in the industry. Allow the best internet marketing consultant to update you; here are ten interesting facts about the world of eCommerce as of 2019.
Let’s check them out:
- In 2017, the global retail eCommerce reached over $2.8 trillion, showing a growth of 112.72% from $1.3 trillion in 2014.
- The world’s top five countries that are the most prominent online spenders in 2018 are China, France, South Korea, the United States, and the United Kingdom.
- 71% of online shoppers actually believe that they will get a better deal online than buying from physical stores.
- Product views can increase your product’s popularity and its purchases by 144%. It can also improve the ranking of your website page in Google search engine results.
- eCommerce frauds can increase by up to 20% every holiday. During the 2017 Holiday Season, eCommerce fraud increased up to 22%.
- A slow-speed loading page can reduce an e-commerce website conversion by 7%, so make sure to check both of your website’s loading speeds on desktop and mobile.
- 60% of cart abandonment is often caused by extra costs, like taxes, shipping, and fees that are seen by the customers.
- 35% of transactions are lost when websites require users to create accounts before purchasing.
- 76% of people who use voice assistants actually perform local searches weekly. And 46% of these consumers would choose to hear a business price over voice search.
- Mobile e-commerce is starting to take over the internet. In 2018 alone, mobile commerce raked in over $ 90 billion in sales.
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