31 impressive statistics around Shopify

Online shopping has become an integral part of our daily lives. Shopify - one of the largest e-commerce platforms - provides easy access for anyone looking to build an online business. Although Shopify started with humble beginnings in 2006, the platform has since grown to become an industry leader. These Shopify statistics show why so many entrepreneurs rely on Shopify to sell their products online.

31 impressive statistics around Shopify

Online shopping has become an integral part of our daily lives. Shopify - one of the largest e-commerce platforms - provides easy access for anyone looking to build an online business. Although Shopify started with humble beginnings in 2006, the platform has since grown to become an industry leader. These Shopify statistics show why so many entrepreneurs rely on Shopify to sell their products online.

 

Shopify facts at a glance

 

Shopify launched as a platform in 2006.

There are at least 1.7 million stores on Shopify.

As of May 2021, Shopify has been visited 57.4 million times.

Shopify has attracted more than 10,000 successful brands.

Shopify revenue will reach $2.93 billion in 2020.

Shopify stores generated $5.1 billion in revenue between Black Friday and Cyber Monday in 2020.

Key Shopify Statistics

 

  1. The Shopify platform was launched in 2006.

 

It all started in 2004 with the idea of "Snowdevil" - an online store for snowboards. Today, Shopify is one of the top five most successful e-commerce platforms in the world. The founders were not satisfied with the existing e-commerce platform and created their own. The Shopify platform was launched in June 2006. In 2009, the platform launched the Shopify App Store and the Shopify API. Shopify went public in May 2015 at $17 per share.

 

  1. Shopify is present in 175 countries.

 

Shopify has become a leading global ecommerce platform. It was founded in Ottawa, Canada. The provider now has merchants in 175 countries around the world. The platform also has 17 offices in 12 countries and employs about 5,000 people.

 

  1. The number of Shopify stores exceeds 1.7 million.

 

Shopify offers a place to start and run a business without much technical knowledge. So it's no wonder that the number of Shopify stores is around 1.7 million. Some of the largest Shopify stores include Nestlé, Pepsi, General Electric, and many more.

 

  1. Shopify is available in over 20 languages.

 

To attract more merchants to join Shopify, the platform is constantly expanding its capabilities. With the addition of 13 new languages in 2019, Shopify now offers more than 20 different languages.

 

  1. Shopify is the fifth largest ecommerce platform.

 

With a current market share of 7.63 percent, Shopify ranks fifth among e-commerce platforms this year.

 

  1. Shopify went public in May 2015.

 

The company went public in May 2015 at a valuation of $17 per share. Between 2014 and 2019, Shopify's revenue grew from $67 million to $1.6 billion. Five years after Shopify's IPO, the company's stock is trading at $797. This represents a 4,600 percent increase between 2015 and 2020.

 

  1. Shopify supports 3.6 million full-time jobs.

 

In 2020, businesses on Shopify will create approximately 3.6 million jobs worldwide.

 

  1. Approximately 10,000 major brands use Shopify.

 

Major companies using Shopify include Nestlé, Pepsi, and many more.

 

  1. Nearly three million websites are powered by Shopify.

 

The numbers show that Shopify has become a force to be reckoned with in the e-commerce world. As of June 2021, the number of Shopify customers was nearly 2.3 million.

 

  1. Shopify's 2020 revenue was just under $3 billion.

 

If we compare the last quarter of 2019 and 2020, we can see that revenue increased by 93.66 percent in 2020. Specifically, revenue increased from $505 in the fourth quarter of 2019 to $978 million in the same period of 2020. In 2019, Shopify's annual revenue was almost $1.6 billion. In 2020, total revenue has increased significantly to $2.9 billion.

 

11.Businesses using Shopify generate more than $200 billion in revenue.

 

Shopify's total revenue in 2018 was $41 billion, and just a few years later, it has surpassed $200 billion.

  1. Shopify Stores Generated More Than $5 Billion in Revenue Between Black Friday and Cyber Monday

 

Shopify's Q4 2020 successes included massive sales over the Thanksgiving weekend. According to Shopify's e-commerce statistics, $5.1 billion in sales were generated through the platform between Black Friday and Cyber Monday. During the same period in 2019, the figure was $2.9 billion, according to Shopify merchants.

 

  1. Shopify revenue to grow nearly 90 percent in 2020.

 

The revenue forecast for the fourth quarter of 2020 was $910 million, but it actually reached $978 million. The e-commerce platform's revenue numbers are expected to continue to grow in the coming years, albeit at a slower pace.

 

  1. 679 Shopify merchants have sales over $1 million

 

The global pandemic has given a big boost to online sales, creating an unprecedented environment for merchants around the world. According to Shopify's sales statistics, as of June 2021, there were 42,566 websites with sales over $100,000.

 

15.There are over 6,600 apps in the Shopify App Store.

 

The Shopify app appears to have played an important role in the platform's success. Data shows that 87 percent of Shopify merchants consider apps critical to their business. As of May 2018, $100 million has been paid for app development. There are currently over 6,600 apps in the App Store.

 

16.The most popular product types cover 40 percent of all products on Shopify.

 

The most popular categories on websites using Shopify are fashion, apparel, jewelry, bags, shoes, and more. According to Shopify's product stats, the 17 most popular product types sold on the platform cover 40 percent of all products sold on Shopify.

 

  1. Shopify is one of the most valuable Internet and online services companies by market capitalization.

 

With its impressive market capitalization, Shopify is one of the leading internet and online services companies. As of September 2020, Amazon ranks first with a market cap of $1.6 trillion, while Shopify ranks fourth with a market cap of $120.8 billion.

 

18.New Shopify stores grew 71 percent in 28Q 2020.

 

The situation caused by the pandemic has changed people's shopping habits. This gives e-commerce platforms, especially Shopify, unprecedented leverage. Therefore, it is not surprising that Shopify's new store openings increased by 71 percent in Q2 2020 compared to Q1 2020.

 

19 million people use Shopify

 

The number of Shopify customers reached a staggering 457 million in 2020, an increase of 52 percent year-over-year. In the fourth quarter of 2020, Shopify users placed more than $41 billion in orders through the platform, and $120 billion for the full year. As of May 2021, Shopify had 57.4 million visits.

 

  1. Shopify is the hosting solution of choice for 1.7 million businesses.

 

Considering that some businesses have two or more stores, the number of Shopify stores is at least 1.7 million. According to Shopify statistics, from mid-March to the end of April 2020, the number of new stores created on Shopify increased by 62 percent compared to the previous six weeks. The number of Shopify stores has increased during the pandemic, making Shopify one of the leading e-commerce platforms. It is used by startups, but also by some very well-known companies. Some of the largest Shopify stores with millions in sales. Some of the world's most recognizable brands on Shopify include Pepsi, Nestlé, The Economist, Tesla, and more. The number of Shopify sellers continues to grow. Shopify users range from startups to multi-million dollar businesses. The number of successful stores is uncertain, but Shopify's statistics point to many thriving and profitable businesses. Here are some of the most successful stores on Shopify: fast-growing startups like Gymshark and large companies like Tesla, Budweiser and Nestlé with billions of dollars in annual revenue.

 

  1. Shopify has nearly 11 percent of the total e-commerce market share.

 

Although WooCommerce has the largest e-commerce market share with 28.24 percent and Squarespace is second with 17.69 percent, Shopify is firmly in third place with 10.98 percent.

 

  1. Shopify's total revenue is up 47 percent year-over-year

 

One of the most telling metrics of a brand's performance is its total revenue year over year. A 47 percent increase between Q1 2019 and Q1 2020 is impressive. Shopify reached $470 million in this quarter alone.

 

  1. Shopify contributed to $319 billion in global economic activity.

 

When it comes to global economic impact, Shopify can't be beat. By the end of March 2021, the more than one million businesses operating on the platform will have generated $319 billion.

  1. Shopify businesses saw a 50 percent increase in online sales in 2019.

 

E-commerce sales are on the rise. However, there's a significant disconnect between the sales growth of companies that run their stores on Shopify and the rest of the global e-commerce market. There are many different factors contributing to this trend, including Shopify's easy-to-use platform, innovative native tools, and integrated marketing. The bottom line is that ecommerce businesses using Shopify are generating significantly more revenue than those using other platforms.

 

  1. More than 50 percent of Shopify stores receive repeat business.

 

More than half of shoppers who buy from Shopify stores make at least one additional purchase. In fact, the average shopper makes 3.8 purchases from the same store.

 

  1. 26,400 partners referred a merchant to Shopify last year.

 

Another effective way to gauge the health of an ecommerce platform is the number of referrals it receives. When a company receives a lot of referrals, it usually means that existing customers like the platform enough to tell others about it. Considering that 26,400 Shopify partners recommended a merchant between 2019 and 2020, this shows just how popular Shopify is.

 

  1. The largest industries on Shopify are retail, apparel and fashion, and computer software.

 

Brands from a wide range of industries choose Shopify to power their ecommerce stores. However, retail, apparel and fashion, and computer software make up the largest share, together accounting for more than a third (34 percent). This is followed by wholesale and health, wellness and fitness.

 

The top three countries using Shopify are the United States (62 percent), the United Kingdom (10 percent) and Canada (9 percent).

 

In terms of countries with the most Shopify users, the U.S. is the undisputed leader with nearly two-thirds of all Shopify Plus stores.

The UK and Canada follow with ten and nine percent, respectively.

 

  1. 79 percent of Shopify store traffic comes from mobile devices

 

The majority of traffic to ecommerce stores has been coming from mobile devices for some time. But the last few years have seen a huge increase.

In 2014, mobile traffic accounted for just over 50 percent of Shopify stores, but that number has increased by nearly 30 percent and will reach 79 percent by 2019. With nearly four out of five visitors coming from mobile, this shows that a great mobile experience has never been more important.

 

  1. 69 percent of Shopify store orders come from on the go

 

In terms of actual sales volume, nearly seven out of 10 sales on Shopify are made by mobile users. Businesses should have a smooth checkout process for mobile devices.

 

  1. 87 percent of merchants use Shopify apps for their ecommerce business.

 

Another key reason for Shopify's success is the platform's customizability. Even with little or no experience, it's easy for users to create a fully customized store. Shopify has done this largely through its robust app store, where users can find apps for everything. There are apps for checkout, shipping, accounting, and more. The list is constantly growing and updated, and the vast majority of Shopify merchants take advantage of these apps: 87 percent use them. The average merchant uses six.

 

The bottom line.

 

While Shopify may not be the largest company in terms of market share, it is a true e-commerce giant and has experienced record growth in recent years. The Shopify statistics above paint a vivid picture of how far the platform has come and how positively it is performing. In summary, more than one million businesses in 175 different countries currently use Shopify, which has collectively contributed to $319 billion in global sales to date. And unlike many companies whose growth was stunted by the pandemic, Shopify has thrived.

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