The Rise of Multi-vendor Shopping Market: After Pandemic

Shopping online ecommerce Multi-Vendor_E-commerce_Script_Development Multi-Vendor_E-commerce_Script Multi-vendor_shopping_cart_Software Multi-Vendor_E-commerce_Platform Multi-Vendor_Marketplace_Script Multi-vendor marketplace_software ecommerce_platform shopping_cart_software

submitted 4 years ago by dylan05 to business

Multi-vendor shopping apps are ruling the industry nowadays. Let’s take a look at the facts that signify the same,

  • The E-commerce market in the US alone is expected to generate $740 million by 2023.
  • Popular E-commerce apps, Amazon and eBay, are capturing 60% of the market.
  • Almost 31% of first-time shoppers prefer online marketplaces.
  • According to a survey, people are accessing online marketplaces for reduced prices on commodities.
  • Global E-commerce sales are expected to return $4.88 trillion by 2021.
  • Almost 50% of global retail sales occur through marketplaces.
  • Amazon is the most popular E-commerce platform, with 8.3 million total sellers worldwide.

All these facts signify that the multi-vendor E-commerce platform will continue to flourish for years to come.

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