Ecommerce Statistics for 2020
By 2040, over 95% of all purchases is expected to be online.
China is the fastest-growing and largest ecommerce market in the world.
In general, men apend 68% more online than women.
Surprisingly, generation X shop more online compared to baby boomers and millennials.
Equally important, the number one reason why people shop online is because they can shop anytime 24/7.
Higher-than-expected shipping costs is a top reason customers abandon their shopping carts.
In general, 57% of online shoppers make purchases from overseas retailers.
In the last year, businesses have lost $756 bn because of poor ecommerce personalization.
Most online customers prefer to pay with credit cards.
Around 50% of customers say they'd purchase something from a website with chatbots.
All in all, over 62% of consumers watch product review videos before making a purchase.
On the whole, more than 75% of people are shopping at least once a month online.
The eCommerce industry is growing 23% year-over-year, yet 46% of American small businesses still don't have a website.