E-commerce in the United States of America
E-commerce in the United States of America
When talking about e-commerce in the United States of America, the first thing that comes to mind is Amazon, the largest e-commerce company in America. In addition, Walmart and eBay are the largest online shopping companies in America with more than 4 billion visitors per month to this online buying and selling companies. Ecommerce has changed the way people shop and consume products and services. Therefore, more and more people are turning to their computers and smart devices to order goods, which can be easily delivered to their homes. E-commerce dates back to the 1960s when companies used an electronic system to facilitate document transfer, called electronic data exchange. However, the first transaction did not occur until 1994 when the first CD among some friends was sold through an online selling site called NetMarket. Since then, the e-industry has evolved with major changes and major companies specializing in online shopping have emerged. And in our article, we're going on a tour together to talk about e-commerce in the United States of America. As the world's second-largest e-commerce market with billions of United States dollars in financial revenue. Follow us to find out a lot. Concept of electronic commerce
"E-commerce" means a business model that allows individuals and companies to sell and purchase services and tangible goods online. E-commerce also operates in four key sectors of the market and can be performed via tablets, computers, smartphones, and other smart devices. In addition, various products and services are available through e-commerce. For Examples: music, books, plane tickets, and financial services, such as: investing in stock, and online banking.
E-commerce in the United States of America
The United States of America is the second largest global e-commerce market after China, ahead of Japan's third largest e-commerce market. Online shopping revenues in a country like America also amount to billions of US dollars, if they exceed the US $767 billion in 2021. In addition, it has been on the rise since its emergence and in the coming years will exceed the US $1 trillion. But, in the past few years, America's population has tended to shop online through mobile phones, the most widely used device for online purchasing, with more than 167 million mobile online buyers. They are likely to exceed 187 million buyers in 2024.
Online Shopping Companies in the USA
Amazon dominates the US e-commerce market with a large market share compared to other similar companies. We will therefore review a list of these companies, depending on the market share of all e-commerce companies in America from October 2021 to date, namely:
- E-commerce company Amazon has a market share of 41%.
- Walmart with a market share of 6.6%.
- eBay with a market share of 4.2%.
- Apple has a market share of 4%.
- The Home Depot has a market share of 2.2%.
- Target Taeget with a market share of 2%.
- Best Buy has a market share of 1.8%.
- Costco has a market share of 1.6%.
- Krueger Krueger with a market share of 1.4%.
- Wayfair has a market share of 1.3%.
- Chewy with a market share of 1%.
- Etsy with a market share of 0.9%.
Proceeds from e-commerce in the United States of America
- When studying e-commerce in a country such as the United States of America, its financial revenues should be primarily addressed. In addition, you should know what the world's most important leading online sales business represents. Due to its importance and large revenue estimated at billions of US dollars per year. So we will review the revenues of online shopping in America from 2017 to 2025, as follows: the revenues of online sales in the United States were approximately USD 425 billion in 2017. It also rose to USD 516.5 billion in 2019. Revenues increased to the US $644.4 billion in 2020. In addition, revenue became the US $767.7 billion in 2021. However, e-commerce is likely to generate revenues over the US $875 billion in 2022. Online shopping revenues will also surge above the US $1 trillion in 2023, reaching around US $ 1.329 trillion in 2025.
Use of e-commerce in the United States of America
The number of digital buyers of e-commerce in America was about 256 million digital buyers in 2020. However, digital buyer numbers are likely to increase to more than 291 million digital buyers in 2025, some 3 years later with an increase of 35 million digital buyers. The most popular online shopping categories in the coming years in the United States also include media and electronics, and fashion is a rapidly growing e-commerce marketplace.
Types of e-commerce in the United States of America
E-commerce in the United States of America includes 4 basic models. These four models are the same in all countries of the world: from company to B2B, which is the direct sale of services and goods between companies. We also find from company to consumer B2C, which is sales between companies and their customers. In addition, we find from consumer to consumer C2C, which allows individuals to sell to each other. But, usually with a third-party site like eBay. We also find consumer-to-business C2B, which allows individuals to sell to companies. For example, artists sell or license their artworks for use by a business. See also: How to start e-commerce step by step.
E-Commerce Market Services in America
Goods sold in the e-commerce market are diverse, and therefore it is possible to shop and buy different products online in America, most importantly: America's e-commerce market includes selling any physical goods via a digital channel to a B2C end-user. The highest selling ratios are books, music, and video. In addition, the second highest-selling ratios are consumer electronics and computers. But the lowest selling is cars and bits, as well as food and drinks. Goods are not sold in America's e-commerce market despite the diversity of goods sold online in America. However, it does not include or include some goods in America's e-commerce market: digitally distributed services. Also digital media downloads or streams. In addition, goods are distributed digitally in B2-B markets. digital purchase or resale of used or defective goods. E-commerce in the United States of America is of great importance in the world of online commerce. As technology exists and continues to evolve, it contributes to the development of the industry and facilitates people's online shopping. In addition, you can download and communicate with companies' apps through mobile devices to buy whatever they want.