What is an eCommerce solution?

eCommerce solution is a platform for starting an online shop or a multi-vendor website. An eCommerce solution can be on-premise or cloud. On-premise platforms usually have a lifetime license with one-time payment. Cloud platforms are subscription-based.

How does eCommerce software work?

eCommerce software has backend and storefront. Multi-Vendor platforms also have a vendor panel. An admin manages the eCommerce website in the admin panel: uploads products, sets up promotions, payment options, and logistics. Customers shop on the storefront by browsing the catalog and adding products to the cart. Once the order is placed, online shop managers see it in the admin panel and start to process it.

What are some examples of e-commerce?

The most known eCommerce website is Amazon. It's an eCommerce marketplace with a long history. It's the biggest marketplace in the world.

How do I start an eCommerce business?

You basically have two options: develop an eCommerce website from scratch or build a shop on a ready-made platform. There are pros and cons of both options. For example, the development of an eCommerce shop from scratch can cost you a lot of money. But in this case, you can tailor it perfectly to your business processes. Building the business on a ready platform is way more affordable and quicker but you can face some limitations, which you will have to overcome with custom development.

Do I need an eCommerce platform to sell online?

You only need an eCommerce platform to sell a large number of products. If your catalog has more than 50 products, it is better to open an eCommerce shop. If you sell only one or ten products, you can use simple landing pages.

How do I sell through multiple eCommerce platforms?

There are two ways to sell through multiple channels. The first way is to start your own eCommerce shop and export your products to marketplaces like Amazon. This way, you will have the main sales channel (your shop) and auxiliary channels (Amazon, eBay, etc.). The second way is to start an online shop with multiple storefronts. You open many storefronts in different countries and for different products and audiences.

The World's Top-10 Marketplaces: Dynamic and Trends Report

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The e-commerce industry is experiencing rapid growth and change, especially in light of the COVID-19 pandemic. Forbes predicts that the global e-commerce market will reach a staggering $6.3 trillion by 2023, with online purchases accounting for 24% of retail transactions by 2026. This impressive growth has been underway for several years and will continue as the e-commerce market continues to expand.

Online marketplaces are the main driver of growth in the e-commerce industry. That's why it's important to keep your finger on the pulse of the marketplace industry and take action to improve your business strategy.

To help you do just that, we're pleased to present our latest report on the dynamics and trends of the world's top 10 eCommerce marketplaces. As experts in the eCommerce industry with 17 years of experience, we have compiled a comprehensive, in-depth analysis of the world's most prominent marketplaces.

Five aspects of marketplaces covered in the report

Complete list of top 10 largest marketplaces

The geography of top 10 marketplaces

Strengths, weaknesses, and unique features of top 10 marketplaces

Key numbers

Financials

• Number of Active Users
• Number of Sellers
• Market Share
• Total Employee Number

• Annual Revenue
• Annual Net Income
• Annual Gross Profit
• Market Capitalization

Who might be interested in the report

This report may be useful for business owners, investors, market analysts, researchers, and anyone who wants to gain insight into the world's top marketplaces. It provides a comprehensive overview of the market and its key players, including their financials, strengths, weaknesses, and unique features.

Some Key Takeaways

In 2022, marketplace saw a decline in market cap

A decline in market cap among some of the world's biggest marketplaces suggests a trend of a slowdown in the growth of the e-commerce industry, potentially due to factors such as economic conditions, industry competition, and company- specific issues.

Sellers continue to grow

The number of sellers on e-commerce platforms such as Amazon and Alibaba continues to grow, with niche marketplaces like Etsy also seeing significant growth.

AI to conquer eCommerce in 2023

Artificial intelligence and machine learning are expected to transform the e-commerce industry in 2023, with chatbots, voice assistants, and machine learning algorithms enhancing customer service and personalization.

Download the report

For an in-depth analysis of marketplace industry dynamics and trends, and other key takeaways