Have you ever wondered how many online retailers (“etailers”) there are in the world or the United States? If you work for an eCommerce solution provider this is a question that is top of mind for you at all times. It’s essential to know the comprehensive number of online retailers globally or in the US to better understand your total addressable market. In short, there are currently 9.1 Million Online Retailers in the world and 2.5 Million of them are in the United States.
These etailers can be broken down into three categories (see below) commonly known as Branded etailers, Traditional etailers, and Virtual Goods etailers. The infographic below highlights helpful insight into how many global and US etailers focus solely on their eCommerce site business or have an approach that is fully Marketplaces oriented or a hybrid between an eCommerce platform and Marketplaces. These are all vital metrics to know and understand about the eCommerce industry when you are in the business of targeting these etailers with a solution you know can help improve their business.
These companies predominantly sell products created by other companies on their own website.
These companies predominantly sell virtual products on their own website.
These companies predominantly sell their own trademarked products and may sell on their own website and/or a marketplace.
Many etailers sell products on their own website by utilizing an in-house solution or a shopping cart platform.
A place for multiple etailers to list and sell products to be shipped and fulfilled by the Marketplace, the etailer, or both.