A new report from Germany-based secondary market research firm yStats.com, “Global E-Commerce Marketplaces 2018,” focuses on the growth of multi-seller online platforms. Several sources cited in the publication agree on the estimate that marketplaces currently account for around 50% of the world’s retail E-Commerce sales. By 2022, this share could increase to two-thirds, as online shoppers turn to marketplaces for better deals and product variety.
Read more here: https://www.ystats.com/half-of-global-online-retail-sales-is-generated-on-marketplaces-reveals-report-from-ystats-com/
Find the report here: https://www.ystats.com/market-reports/global-e-commerce-marketplaces-2018/
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Press Release: Global E-Commerce Marketplaces 2018
1. 1
PRESS RELEASE
Hamburg, March 15th
, 2018
Marketplaces capture half of retail sales online, says yStats.com report
Secondary market research firm yStats.com has released a new publication titled “Global E-Commerce Marketplaces 2018.”
This report from the Germany-based online commerce researchers reveals that multi-seller retail platforms now account for about
half of online sales, with their share expected to increase in the next few years.
Global online marketplaces like Alibaba, Amazon, eBay, and Rakuten and their competitors accounted for roughly 50% of online
retail sales globally last year and that share is forecast to grow to about two-thirds in the next five years. Marketplace dominance is such that
many shoppers start their product search at a marketplace, rather than at an all-purpose search engine or retail shop website, according to the
yStats.com report. Alibaba leads the pack of top online marketplace platforms, with over twice the gross merchandise volume of second-place
Amazon in 2016.
Asia leads the global trend toward marketplaces. Surveys cited in the yStats.com report reflect that many shoppers in China, India and
Japan made half or more of their online purchases through marketplaces. Shoppers worldwide point to product variety and price as
motivators for turning to marketplace options. Though Alibaba and Amazon are the leaders of this trend, the marketplace space is shared by
many platforms such as eBay, Etsy, Wish, and Rakuten and others. Further, traditional brick and mortar retailers such as Walmart and Sears
are expanding their marketplace options online, and there are various regional and country online retail platforms such as MercadoLibre,
Flipkart, Allegro and Jumia contributing to the forecast growth.
For further information, see: https://www.ystats.com/wp-content/uploads/2018/03/2018.03.06__Product-Brochure-Order-Form_Global-E-Commerce-
Marketplaces-2018.pdf
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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to
providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our
areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover
a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide
selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide,
including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an
expertise in the areas of B2C E-Commerce and Online Payment.