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How eCommerce will look like in 2023

Recently we have all noticed how Covid-19 boosted the eCommerce industry. Consumers now prefer to purchase online. And who can blame them? Ecommerce platforms like Commerceup too have seen significant growth lately. We plan to do better next year!

Here are a few statistics that recent studies have predicted for 2023:

eCommerce sales are expected to account for 20.8% of retail sales worldwide.

Latest market trends reveal a growing presence of ecommerce that is taking over the market. They are estimated to grow up to as large as 24% by 2026 bringing loads of opportunities. CommerceUp is helping businesses go online with sustainable and scalable digital transformation to tap their potential buyers. Sell your products with websites customised to suit your trade and strengthen your technology with a reliable platform, Commerceup.

B2C commerce marketplaces are estimated to generate $ 3.5 trillion in sales by 2024

Brand appeal drives these numbers. Existing customers that trust them further add to it. In the US alone, 335.25 million people shop online. That’s about 65% of the population! Ecommerce revenue in 2021 in the UAE was US $11.5 billion. Online shopping volume is quickly growing and is expected to do so in the near future. Be a part of this colossal value with Commerceup. Our platform provides customisation that you can tailor to your selling.

On an average, only 1.62% of ecommerce website visits convert into a purchase

That’s only one or two every 100 customers! About 80% of shopping carts are abandoned. Websites spend lots on advertisements and retargeting and yet face such rejection losing out on user experience. Faster checkout is a necessity lately. Commerceup integrates single-page application websites that drastically reduces loading time along with remarkable consumer experience offered by eye-grasping website designs. Secure web pages ensure the best consumer experience that you can provide to your clientele.

Mobile ecommerce is expected to account for 42.9% of ecommerce sales by 2024

In the US alone, annual mobile ecommerce sales are expected to reach $488 billion in 2024 while the UAE’s market is expected to be worth $9.2 billion in 2026. Ease of mobile purchase has enabled unprecedented sales growth. Commerceup offers great quality mobile based commerce with potent omni-channel presence powered with PWA. We enable easy mobile-first website designing. Make mobile commerce solutions seamless and entice consumers the way you want with customisable website designs.

40% of users who have a negative experience on a brand’s mobile website will go to its competitor

We’ve noticed 76% of people will stop doing business after only two poor customer experiences. And who can blame them? The modern consumer is informed and will be displeased with disappointment. Commerceup enables websites with high quality consumer-first webpage solutions so that you can sell well and gain customer retention. Customers get personalised experience for better checkout. Effective mobile-first approach helps you reach customers faster.

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