In the last few years, with the availability of smartphones and a fast internet connection, we have seen a huge growth in the e-commerce marketplaces. It has been even more than the traditional brick-and-mortar stores. It can be also due to the rapid expansion of popular marketplaces such as Amazon, eBay, Flipkart, Etsy, etc. It is quite amazing that e-commerce marketplaces like Amazon. You would be surprised to know that in 2019, Amazon alone contributed to over 50% of all retail sales in the USA. The global share of Amazon accounts for nearly 14%.
With such huge growth, entrepreneurs, startups, or investors are getting attracted to open their marketplaces in different industries’ niches. However, many people think that it is tough to develop and run an e-commerce marketplace in today’s competitive world, but a good strategy and an effective e-commerce site that engages & attract people can bring success.
If the e-commerce site is not enough efficient to engage the audience then all the efforts and money will go in vain. Hence for this, you must hire a reputed e-commerce development company like us. In this article, we will go through all important aspects of developing a B2B & B2C e-commerce marketplace. But let’s first know the stats of the e-commerce marketplace across the world.