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What Percentage of the Market Does Shopify Have?

Last updated on October 2, 2022 @ 2:52 am

Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.

Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants. ”

As of September 2020, Shopify has more than 1.9 million active users, with approximately 1.4 million of those being active in the United States.

Shopify has been growing rapidly since it was founded in 2004. In 2019, Shopify’s revenue was $1.58 billion, up 47% from 2018. And in 2020, Shopify’s revenue is on track to exceed $2.4 billion.

PRO TIP: The article ‘What Percentage of the Market Does Shopify Have?’ is potentially misleading and should be read with caution. It is based on data from a single source, which may not be representative of the wider market. In addition, the data is from 2017 and may no longer be accurate.

So what percentage of the market does Shopify have?

Shopify’s share of the e-commerce market is growing, but it still only has a small percentage of the overall market. In 2019, Shopify’s market share was 2.4%.

However, considering the rapid growth of Shopify and its strong position in the e-commerce market, it is likely that its market share will continue to increase in the coming years.

What Percentage of the Market Does Shopify Have?

Shopify has a small percentage of the overall market share but is growing rapidly. considering the rapid growth of Shopify and its strong position in the e-commerce market, it is likely that its market share will continue to increase in the coming years.

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.