When it comes to ecommerce platforms, Shopify is one of the most popular options out there. It’s easy to use, has a lot of features, and is trusted by some of the world’s biggest brands. But how big is the market for Shopify?
To answer that question, we need to take a look at the ecommerce market as a whole. In 2019, global ecommerce sales reached $3.5 trillion.
By 2022, that number is expected to reach $6.54 trillion. So the overall market is growing rapidly and is expected to continue doing so.
Shopify’s share of that market is still relatively small. In 2018, Shopify’s total revenue was $1.07 billion.
That’s just a fraction of the overall ecommerce pie. But it’s also important to remember that Shopify is a platform that enables other businesses to sell online. So while its own sales are a good indicator of growth, they don’t tell the whole story.
There are more than 1 million active Shopify stores around the world. That means there are 1 million businesses that are using Shopify to sell their products and services online. And those businesses are doing well – in 2018, Shopify merchants generated $41 billion in sales.
So while Shopify may not have the lion’s share of the ecommerce market, it is definitely a major player in the space. And with the overall market continuing to grow, there’s no reason to expect that Shopify won’t continue to grow along with it.
The market for Shopify is growing along with the overall ecommerce market. While Shopify doesn’t have the lion’s share of the market, it is definitely a major player in the space with 1 million active stores around the world. With continued growth in the overall ecommerce market, there’s no reason to expect that Shopify won’t continue to grow as well.
