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15+ Online Business Statistics, Facts & Trends

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In the boundless realm of the internet, countless online businesses thrive and flourish. Ignoring the potential of the modern digital world means disregarding a significant and lucrative demographic that awaits your business.

Entrepreneurs and online business owners must adapt to the constantly evolving needs of consumers to tap into the immense potential for growth and possibility.

I did the heavy lifting to make things easier by compiling the most relevant and up-to-date online business statistics and trends.

General Online Business Statistics

1. 28% of all business activities will be online in 2023.

This rate was expected to grow at an annualized rate of 3.6% between 2018 to 2023.

2. There are 218.8 million online shoppers in the United States in 2023, with an annual average expenditure of $5,381 per shopper.

By 2026, this figure is anticipated to reach 230.6 million. The average annual expenditure per person is also expected to rise to $7,250.

3. In 2022, Amazon dominated the online business landscape with $513.98 billion in revenue.

Apple came in second with $394.33 in revenue. The online companies that followed include Google ($279.8 billion), Meta ($116.61 billion), and Netflix ($31.62 billion).

online business revenue per company
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Online Business Prediction/Forecast Statistics

4. Digital/Mobile Wallet payments will facilitate 53% of all online business transactions by 2025.

This is compared to 49% in 2021. Meanwhile, credit card usage for the same purpose is anticipated to reduce from 21% in 2021 to 19% in 2025.

5. The global online clothing and apparel sales are forecasted to total $1.2 trillion by 2025.

In contrast, the market was worth $668 billion in 2021.

Online Business Statistics by E-commerce Sales

6. Global retail E-commerce sales are predicted to reach $8.1 trillion by 2026.

Whereas in 2021, retail E-commerce revenue amounted to $5.2 trillion.

It is forecasted to grow at a CAGR of 56% from 2021 to 2026.

7. In 2022, Amazon.com was the most visited online retail website, with roughly 3.2 billion monthly traffic.

eBay.com ranked second with 589.1 billion monthly visitors.

Retail Website Monthly Traffic Visits (in Millions)
walmart.com 581.22
aliexpress.com  486.47
etsy.com 467.64
amazon.de 340
rakuten.co.jp 278.59
homedepot.com 200.74
target.com 194.91

8. As of January 2022, 65.7% of worldwide e-commerce retail sales were facilitated by mobile devices.

Mobile commerce was the most prominent in the Asia Pacific, representing nearly 80% of online retail sales in the region.

Online Business Statistics by Demographics/Region

9. In 2021, Oceania-based SMBs were more likely to receive online orders than in other parts of the world.

More than 63% of SMBs in Australia sold goods and services online that year.

In contrast, the adoption of online sales channels among Turkish SMBs remained relatively low at less than 12%.

10. Chewy.com emerged as the top online pet supplies business in the US in 2021, generating $8,891 million.

Petsmart.com ranked second with $1,046 million in net revenue.

Online stores that followed include petco.com ($547 million), barkbox.com ($405 million), and 1800petmeds.com ($228 million).

11. By May 2021, the United Kingdom boasted 406,000 online retail businesses, nearly twice Germany's.

The disparity between France and Italy was lesser, as France had approximately 270,000 online retailers, while Italy had an estimated 246,000 online retailers.

Online Business Consumer Behavior Statistics

12. The average expenditure per visit of online shoppers across all verticals was slightly less than $3 during the final quarter of 2022.

Food and beverage sales were the most prominent among various categories, with consumers spending over $4 per visit (average). Following closely was luxury apparel at about $3.5 every visit.

13. In both the United States and the United Kingdom, fast delivery emerged as the primary influencing factor in customers’ online purchase decisions in January 2022.

59% of respondents emphasized the importance of fast delivery.

Statistics on Running an Online Business (SMBs)

14. In 2021, 62% of SME respondents globally used e-commerce software.

Among those not utilizing Ecommerce software at the time of the survey, 23% indicated that they had no intention to adopt it within the next twelve months.

Online Business Challenges Statistics

15. Almost 21% of small businesses indicated that their most significant website challenge in 2021 was low traffic.

To counter this, 34% planned to optimize their mobile-device websites, and 17% aimed to integrate voice search.

16. SaaS businesses became the target of approximately 17% of phishing attacks globally during Q3 2022.

Similarly, Ecommerce/Retail stores accounted for 4% of phishing attacks in that period.

phishing attacks online business
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17. Most Ecommerce businesses in Czechia (71%) anticipated that their greatest challenge in 2023 would revolve around sustaining reasonable overhead costs.

More than 55% of respondents expressed concerns about marketing efficiency as a potential problem, while 17% were concerned with logistics and dispatching of goods.

Online Business Marketing Statistics

18. In 2022, the most share (19%) of US online shoppers used Facebook to make digital purchases, compared to other social media.

Instagram secured the second position, with 12% of US respondents using it for shopping, closely followed by YouTube, which accounted for 9% of shoppers.

Ready to Level up Your Online Business Game?

From mobile website optimization to the rising prominence of web personalization, businesses are constantly leveraging various strategies to drive sales and stay competitive. So, I hope these compelling online business statistics shed light on the evolving landscape of e-commerce and digital entrepreneurship.

Don’t forget to read our 45+ Online Shopping Statistics, Facts, & Trends to stay informed on the latest consumer behavior insights.

Interesting Reads:
References:
  1. https://www.ibisworld.com/us/bed/percentage-of-business-conducted-online/88090/#:~:text=Instead%2C%20the%20coronavirus%20pandemic%20spurred,reaching%2025.8%25%20of%20business%20activity.
  2. https://www.oberlo.com/statistics/how-many-people-shop-online-in-the-us
  3. https://www.statista.com/statistics/277123/internet-companies-revenue/
  4. https://offers.worldpayglobal.com/rs/850-JOA-856/images/ENGPR2022.pdf
  5. https://www.statista.com/statistics/1298198/market-value-fashion-ecommerce-global/#:~:text=Global%20fashion%20e%2Dcommerce%20market%20size%202021%2D2025&text=In%202021%2C%20the%20global%20e,trillion%20U.S.%20dollars%20by%202025.
  6. https://www.statista.com/statistics/379046/worldwide-retail-e-commerce-sales/
  7. https://www.statista.com/statistics/274708/online-retail-and-auction-ranked-by-worldwide-audiences/
  8. https://www.statista.com/statistics/806323/mobile-commerce-share-total-worldwide-region/
  9. https://www.statista.com/statistics/1351368/e-commerce-sales-channel-sme-adoption-country/
  10. https://www.statista.com/forecasts/1081150/top-online-stores-pet-supplies-united-states-ecommercedb
  11. https://www.statista.com/statistics/1266956/number-of-online-retailers-europe-country/
  12. https://www.statista.com/statistics/239288/countries-ranked-by-average-b2c-e-commerce-spending-per-online-buyer/
  13. https://www.statista.com/statistics/628782/internet-user-purchase-influence-factors/
  14. https://www.statista.com/statistics/1306558/share-small-medium-enterprises-using-ecommerce-software/
  15. https://www.prnewswire.com/news-releases/28-of-small-businesses-dont-have-a-website-according-to-new-survey-data-301226897.html
  16. https://www.statista.com/statistics/266161/websites-most-affected-by-phishing/
  17. https://www.statista.com/statistics/1381270/czechia-next-year-s-challenges-for-e-commerce-businesses/
  18. https://www.statista.com/statistics/250909/brand-engagement-of-us-online-shoppers-on-pinterest-and-facebook/