Online shopping: How big can it still get?
Online shopping: How big can it still get? photo: pixabay.com

The e-commerce market is huge, and there still is a lot of potential in it. Seems like the growth of smartphones and internet penetration drive the expansion of the m-commerce market, as well. But how big is it right now, and how much bigger can it still get?

According to business intelligence portal Statista, e-commerce sales worldwide amounted to 2.3 trillion US dollars in 2017, and e-retail revenues are expected to grow to 4.88 trillion US dollars by 2021. It’s hard to even picture it, but the top 3 online stores’ revenue amounted to almost 100 billion US dollars in 2017, meaning that online shopping – with impulse purchases on the rise – is one of the most popular online activities in the world.

Good old PCs are still the most popular device for making your orders, but mobile devices, especially smartphones, are quickly catching up. According to New York-based market research company Mordor Intelligence, the global m-commerce market is expected to reach a 24.41 percent growth within the next five years. However, the market is huge already: worldwide mobile commerce revenues amounted to 96.34 billion U.S. dollars in 2015 and are set to surpass 693 billion U.S. dollars in 2019, a survey by Statista points out.

It’s obvious that each business needs to have an online store to reach its full potential these days: why rely on a small market when the entire world can turn into your webshop? With its smart bidding system, Screenist helps even small businesses reach as many potential customers as they have never dreamed of, and it doesn’t even cost a fortune.

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