Wonder

Research Outline

Prepared for David P. | Delivered December 17, 2019

ECommerce Platforms

Goals

To determine the size of each of the major ecommerce platforms in terms of the number brands they have and the total annual sales of each platform.

Early Findings

Top eCommerce SitesThe following are some of the top eCommerce sites: Wix.com, BigCommerce, Squarespace, Volusion, Shopify, Wordpress, and WooCommerce.
Wix.comWix has about 1.5 million registered users, 4.5 million subscribers who pay a fee, 
The conversion rate from registered users to subscribers between quarters stands at 29%. 
Wix's revenue stands at $761-$765 million as of 2019.
BigCommerceThis platform targets SMB and mid-market companies.
It was founded in 2009.
ShopifyShopify's revenue stands at over $1.073 billion in 2018.
The website users stand at 427,676 and over 5,300 businesses use Shopify Plus.
Shopify supports over 600,000 businesses in 175 countries across the globe.
Summary of our Early FindingsOur initial findings were able to identify the top 7 ecommerce sites. Our initial one-hour research focused on ensuring that we can gather all the necessary information and provide the details in the attached spreadsheet here.