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Research Outline
Prepared for David P. | Delivered December 17, 2019
ECommerce Platforms
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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.
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Early Findings
Top eCommerce Sites
The following are some of the
top eCommerce sites
: Wix.com, BigCommerce, Squarespace, Volusion, Shopify, Wordpress, and WooCommerce.
Wix.com
Wix 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.
BigCommerce
This platform targets SMB and mid-market companies.
It was founded in
2009
.
Shopify
Shopify'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 Findings
Our 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
.
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