Bigcommerce Predicts Record Ecommerce Growth in 2015
Bigcommerce, the fastest-growing ecommerce platform, today announced that ecommerce as a segment of the total retail market is growing at 30 percent per year and will reach $2 trillion in sales in 2015. Based on research conducted across its more than 55,000 clients, and combined with third-party research from Sagence, Inc., Bigcommerce’s Democratization of Ecommerce Report also predicts that the U.S. small and medium business ecommerce market will exceed $100 billion in total sales in 2015.
“We’re seeing significant growth in ecommerce across all categories, but particularly with small and medium sized businesses,” said Trent Edwards, principal at Sagence, Inc. “At $100 billion, the U.S. SMB ecommerce market will top the combined worldwide annual revenues of the country’s two largest ecommerce companies, Amazon and eBay.”
The meteoric rise of ecommerce has disrupted the worldwide economy with total ecommerce spending expected to eclipse the gross domestic product of all but the top 10 countries next year, according to the new report.
Ecommerce Reaches 20 Year Milestone
Twenty years after the first recorded online transaction — Sting’s CD, Ten Summoner’s Tales — ecommerce is now a worldwide market comprised of merchants ranging from multi-national retailers to single owner-operator small businesses. While the earliest days of ecommerce were dominated by well-established, brick-and-mortar retailers seeking to establish new revenue streams, best-of-breed technologies have allowed new market entrants to quickly grow market share and revenues by more rapidly responding to changing market dynamics.
“As recently as 10 years ago, starting an ecommerce business required significant capital, as well as an army of technical, marketing and financial experts to build the necessary infrastructure,” said Eddie Machaalani, co-founder and CEO of Bigcommerce. “Today, business owners can create an online store in 30 minutes and compete against brands 100 times their size, at a fraction of the cost.”
The Democratization of Ecommerce Report is available at: http://bigg.cm/DemocratizationReport. Research was conducted in partnership with Sagence, Inc., a management consulting firm advising clients in information-intensive industries. For more information visit http://info.sagenceconsulting.com/bigcommerce-report.