As we reported yesterday, the future of E-commerce is brighter than ever. Now, we study how online shopping behavior is still evolving. In this post, we look at: (1) online shopping trends and (2) the recent success of eBay. The material is drawn from eMarketer.
How Online Shopping Behavior Is Still Evolving
eMarketer Retailing reports that:
In the United States, “marketplace platforms generated $2.1 billion of revenue, increasing 11%, and $22.5 billion of gross merchandise volume (GMV), a key metric. According to ‘The eMarketer E-commerce Insights Report,’ conducted by Bizrate Insights in March 2018, fully 44% of internet users have made a recent purchase via an online marketplace.”
And the online shopping process itself is evolving, as shown in this chart.
eBay’s Strong Results
Since its spin off of PayPal, eBay has worked hard to boost its E-commerce business. And these efforts are paying off.