Shopify powers over 1 million businesses in more than 175 countries, with an overall gross merchandise volume (GMV) of $119.5 billion. Shopify is a cloud-based e-commerce platform founded in 2004.
Since its inception, the company has grown rapidly and become a leading platform for businesses of all sizes to sell their products online. Today, Shopify powers over 1 million businesses worldwide and has an overall gross merchandise volume (GMV) of $119.
5 billion. It offers various features and tools that allow merchants to design, develop, and manage their online stores with ease. The platform’s user-friendly interface, flexible pricing plans, and comprehensive support make it an attractive choice for small and large businesses alike. Shopify’s steady growth and global reach underscore its position as a major player in the e-commerce industry.
Shopify Overview
Shopify is a popular e-commerce platform for businesses. It was founded in 2006 and has since grown to become one of the top e-commerce platforms globally. With its user-friendly interface, Shopify allows anyone to easily create an online store without any coding knowledge.
Since its inception, Shopify has grown to more than 1 million businesses in 175 countries. The platform comes with several features such as a customizable storefront, reliable payment gateway, integrations, and a variety of themes that entrepreneurs can choose from.
Shopify’s popularity also stems from its ability to cater to businesses of all sizes, from small startups to large enterprises. It also offers a variety of pricing plans, from basic to advanced, to suit the needs of different businesses.
Shopify is a platform that is constantly growing and improving, with regular updates and new features being introduced. It has become a powerhouse in the e-commerce industry, and its statistics speak for themselves.
The Growth Of Shopify
Shopify has experienced remarkable growth in recent years. As of 2021, it powers over 1. 75 million businesses worldwide with over $200 billion in sales, and its market share in the e-commerce industry is around 10%.
Shopify has come a long way since its inception in 2006. Started with just five people selling snowboards online, it has grown to be a juggernaut in the e-commerce industry. The platform has over one million businesses worldwide and has generated over $319 billion in sales. In 2020, Shopify’s revenue was $2.9 billion, which is an increase of 86% compared to the previous year. During the pandemic, Shopify’s business soared, with a 119% YoY increase in Q1 2021. Besides, Shopify has been expanding its services by launching a fulfillment network and partnering with Facebook and Google. These steps have helped to attract new sellers and boost sales on the platform.
| Year | Revenue | Merchants |
|---|---|---|
| 2018 | $1.073 billion | approximately 600,000 |
| 2019 | $1.578 billion | over 1 million |
| 2020 | $2.9 billion | 1.7 million businesses in 175 countries |
| 2021(Q1) | $988.6 million | 1.7 million businesses worldwide |
Shopify’s growth is driven by a combination of factors such as scalability, ease of use, and flexibility, making it an excellent choice for both new and established businesses. Furthermore, Shopify has invested in innovative technologies, expanding its market share in the e-commerce industry. With its continued growth and success, we can expect more exciting features and services from Shopify in the future.
Shopify’s Popularity Among Online Businesses
Shopify’s popularity has skyrocketed among online businesses in recent years. According to BuiltWith, there are more than 1.9 million live websites using the Shopify platform. Moreover, Shopify’s revenue growth has been constantly increasing since 2013 and reached $2.93 billion in 2020.
Shopify’s Popularity Statistics
| Total number of live websites using Shopify: | 1.9 million |
| Number of countries where Shopify is used: | 175 |
| Shopify’s revenue in 2020: | $2.93 billion |
Shopify’s Competitive Advantage
Shopify’s user-friendly interface and easy-to-use features have played a major role in its popularity. Shopify also provides a range of essential services such as payment gateways and shipping integrations. This makes it easy for online businesses to manage their online stores in one place. Additionally, Shopify’s app store provides hundreds of plugins and extensions that can be used to enhance the functionality of an online store.
Key Metrics Of Shopify
Shopify boasts of over 1 million active users and more than $200 billion worth of sales on their platform. Other key metrics of Shopify include an average order value of $72, and a conversion rate of 3. 1%.
Shopify’s Global Impact
Shopify, the e-commerce giant, has a strong global presence with customers in over 175 countries and territories. It was established in 2006 and has grown into a massive platform for businesses of all sizes. Shopify customers in 2020 generated over $120 billion in sales on the platform. Its international sales have been growing tremendously, with a staggering 70% increase year-over-year and surpassing $2.9 billion in 2020.
In terms of global impact, Shopify has created job opportunities for more than a million people worldwide. With its feature-rich platform, multiple payment options, multilingual capabilities, and excellent customer support, it has become the first preference for entrepreneurs around the world.
Shopify’s ease of use, flexibility, and global impact have made it a preferred choice for businesses that want to establish an online presence. It has helped businesses sell products in niche markets, scale up to meet rising demand and succeed in the ever-changing digital landscape.
| Shopify’s Global Impact |
|---|
| Presence across the Globe |
| Customers in over 175 countries and territories |
| Created job opportunities for more than a million people worldwide |
| Shopify’s International Sales |
| Surpassed $2.9 billion in 2020 with a 70% YoY increase |
Shopify’s App Store And Integration
Shopify’s App Store boasts over 4,100 integrations, including social media platforms, accounting tools, and shipping services. With over 1. 7 million merchants worldwide, Shopify has become a popular platform with a growing range of customizable options for businesses of all sizes.
| Shopify’s App Store | Benefits of Integration |
|---|---|
| Shopify has a vast App Store with over 4,000 apps, covering various functionalities such as marketing, shipping, accounting, and more. These apps help businesses automate processes, save time and effort. | By integrating with third-party apps, businesses can extend their e-commerce capabilities and improve efficiency. For example, integrating with marketing apps can help drive traffic and sales; integrating with accounting apps can help manage finances, and integrating with shipping apps can help streamline order fulfilment. |
Shopify’s App Store offers a range of apps that cater to all business needs. These apps can help businesses automate most of their tedious tasks, leaving them more time to focus on other important aspects of their business. Integrating these apps with Shopify can take your e-Commerce capabilities to the next level. By leveraging third-party apps, businesses can improve their marketing, manage their finances, and streamline their order fulfilment. So, if you want to take your Shopify store to new heights, integrating with the right third-party apps can give you the edge you need.
Frequently Asked Questions On What Are The Statistics Of Shopify?
What Is The Success Rate Of Shopify?
Shopify has a success rate of around 80%. This eCommerce platform caters to businesses of all sizes in various industries and offers numerous features and integrations to enhance online sales. Shopify’s user-friendly interface also makes it easier for merchants to set up their online stores and manage their orders.
What Is The Average Sales On Shopify?
The average sales on Shopify vary widely depending on the niche and level of marketing effort. However, according to Shopify’s official report, the average Shopify store generates $72,000 in annual revenue, while the median revenue is $29,000 per year.
Is Shopify Popular In Usa?
Yes, Shopify is widely used and popular in the USA as a leading e-commerce platform that allows businesses to create online stores and sell products and services. Many small and large businesses in the USA have chosen Shopify for its ease of use, scalability, and robust features.
How Do I See My Shopify Store Stats?
To view your Shopify store stats, log in to your Shopify account and click on the “Analytics” tab on the left-hand menu. From there, you can access data on sales, customers, and website traffic, among other metrics. Shopify also allows you to customize reports to get a more detailed view of the performance of your online store.
Conclusion
To wrap up, the statistics of Shopify speak for themselves. From its established years to its whopping active stores, Shopify continues to lead the eCommerce industry as the go-to platform for merchants worldwide. This highlights its reliability, flexibility, and potential for growth.
As Shopify continues to innovate and upgrade its features, it only sets to solidify its position as the ultimate eCommerce solution. Whether you’re an entrepreneur starting out or a seasoned business owner, Shopify’s statistics show that it’s a platform worth investing in for your long-term success.
Read More: Is Shopify Best for Ecommerce?