New ecommerce industry reports show $12 billion growth, new growth in ecommerce sites
NEW YORK — Ecommerce is booming in the United States, and the industry is growing by about $12.5 billion annually, according to the second annual ecommerce report from the U.S. Conference of Mayors.
The annual report found that ecommerce site visits and revenue grew 14.5% to $8.4 billion, and ecommerce traffic increased by 1.6% to 7.7 billion.
The growth was fueled by more people using ecommerce platforms to purchase goods, services and services online, according the report.
More people use ecommerce to buy goods, service and services than ever before, according with the report, and are spending more time shopping online.
In fact, according, nearly 70% of Americans use an ecommerce platform, compared to 60% of people who used traditional stores.
The report also found that online shoppers spent more than $1.1 trillion online in the first half of 2018.
More than a quarter of this spending went to online merchants and online shoppers, according.
Online shopping has become a major player in the ecommerce market, and has attracted $13 billion in revenue for retailers since 2014, according Forbes.
The report said ecommerce is now worth $24.2 billion, up 14.2% from the same period in 2018.
This year’s report also included information on the top ecommerce businesses in the U, including Walmart, Target, Home Depot and Toys R Us, as well as the top 10 ecommerce websites and brands.
The study, based on an analysis of the most recent data from ecommerce company Alexa, found that Amazon is the No. 1 ecommerce brand in the world, with more than 1 billion monthly active users, according Fortune.
In 2018, the eCommerce industry accounted for about $2.5 trillion in sales, according Ecommerce Magazine.
This is up more than 6% from $2 trillion in 2017, the report said.
The survey found that more than 40% of consumers shop online, and spend more than 70% on ecommerce.
It also said that eCommerce sites have an average user engagement of more than 8,000 daily visitors, compared with 3,400 daily visitors for traditional stores, according To The Top.