05-29-2020, 04:40 PM
Multi-vendor shopping apps are ruling the industry nowadays. Let’s take a look at the facts that signify the same,
All these facts signify that the multi-vendor E-commerce platform will continue to flourish for years to come.
- The E-commerce market in the US alone is expected to generate $740 million by 2023.
- Popular E-commerce apps, Amazon and eBay, are capturing 60% of the market.
- Almost 31% of first-time shoppers prefer online marketplaces.
- According to a survey, people are accessing online marketplaces for reduced prices on commodities.
- Global E-commerce sales are expected to return $4.88 trillion by 2021.
- Almost 50% of global retail sales occur through marketplaces.
- Amazon is the most popular E-commerce platform, with 8.3 million total sellers worldwide.
All these facts signify that the multi-vendor E-commerce platform will continue to flourish for years to come.