New data from Bigcommerce shows that the ecommerce industry is growing at a rate of 30 percent per year, leading the ecommerce solutions provider to predict the industry will reach $2 trillion in sales by 2015.
Bigcommerce's Democratization of Ecommerce Report is based on research across the company's more than 55,000 clients, which is combined with third-party research from Sagence, Inc. According to the report, the U.S. small and medium business ecommerce market is also growing, and is expected to 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 report also notes that ecommerce is the fastest growing segment within the retail industry. Plus, the data shows that small businesses have the ability to thrive in the ecommerce industry now more than ever before.
"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."
I'm a creative and adaptable journalist with experience in both print and digital media. Some of my best attributes include my social media management, writing and video editing skills. Skills: • Managing social media accounts with tools like HootSuite and Sprout Social • Creating and marketing content for print and digital media • Editing videos with software like Avid Media Composer • Composing articles with Adobe InCopy • Strong knowledge of AP Style • Skilled at interviewing and writing • Able to work on a deadline and produce quality results • Organized and detail oriented • Innovative problem solver