E-commerce Companies Trending in 2020. It seems like yesterday when the internet users all over the world were hit by the possibility of online shopping. Since that time, we have seen a lot of developments in the e-commerce industry. As per the latest statistics, in 2019, consumers from all over the world spent around $3.46 trillion online, up from $2.93 trillion in 2018. This is surely not a new trend. Indeed, from 2014 to 2017, the industry showed an average growth rate of 25.6% in sales. This proves that e-commerce is booming.
But it is also an industry that keeps changing constantly to make an effort to shape the way people buy products globally. This brings some excitement to the future of e-commerce. In the upcoming time, lots of vast changes are anticipated in this industry.
Well, irrespective of the expected trends, in this blog, we will be discussing the top 10 e-commerce companies trending in 2020 globally. All these companies have major impacts on the landscape of online business. Let’s check them out!
PrintShop by Designhill:
PrintShop by Designhill is a creative print-on-demand global marketplace. The platform offers massive opportunities to all artists and designers to open up their independent stores and sell their artwork on a plethora of products. Being an independent platform, the artists enjoy complete freedom of setting their own prices and claiming royalties on every sale. This not only helps them earn handsome money but also gives them a phenomenal exposure to millions of customers worldwide. Currently, the platform has 50,000+ products for sale and 20,000+ artists from all over the world.
Founded in 1944, the company started as a small online bookstore. But today, it is a billion dollars company that sells a massive range of products. To make online shopping easy for customers, the company has both a website as well as an app.
Fun Fact: Did you know that every two years, the employees of Amazon, including the CEO; spend two days at customer service?
Alibaba is another one of the top e-commerce companies that came into existence in 1999. The platform has a huge number of buyers and sellers globally. You can find various products across several categories like apparel, electronics, home, machinery, garden, etc. Because of its in-depth e-commerce model and usage of technologies such as digital media and cloud computing in business, it is considered as one of the top e-commerce companies worldwide.
eBay is another million-dollar American based e-commerce company that started its operations in 1995. The company follows both B2B and B2C business models. It provides the opportunity to buy or sell a huge range of products or services globally.
Fun Fact: Did you know that in 2012, two Vietnamese buyers purchased a town worth one million dollars on eBay?
Shopify is a Canadian e-commerce company that was established in 2004. In 2009, the company launched the Shopify app store and API platform that let businesses open their own customized online stores and sell products worldwide. With the help of their app, the business owners can manage their stores anytime, anywhere. In 2017, Amazon integrated with Shopify, allowing store owners to sell their products on Amazon directly from Shopify.
ASOS is a British online global beauty and fashion brand that was founded in the year 2000. Apart from its own range of clothing and accessories, the brand sells over 850 other brands too. In 2017, the brand launched a campaign encouraging the audience to upload their pictures or videos with ASOS products. This campaign helped the brand generate as many as around three million footprints in the UK.
Zappos is an online shoe store that was founded in 1999. The brand is popular for its great customer service. In fact, this is one of the main objectives of the company. Apart from its exceptional customer service, the brand also doesn’t charge shipping or return costs.
Founded in 2008, Zalando is a European e-commerce company that provides fashion and lifestyle products to its customers. In 2018, the company introduced Beauty in Austria, Germany, and Poland as well as started a Berlin-based beauty store; offering to upgrade a variety of beauty products frequently. In addition to that, the brand also added beauty and care products for men and a loyalty program ‘Zalando Plus’ for German-based customers. The platform also offers various payment options, and customers can return items within 100 days after purchase.
Rakuten, formerly known as Buy.com, is a Japanese e-commerce company which is called the ‘Amazon of Japan.’ Just like eBay, the company follows both B2B and B2C business models. After purchasing Wuaki.tv, a Spanish streaming service, the company is now challenging the largest streaming services such as Netflix. Apart from e-commerce, the company also offers fintech, digital content, and communication services to over 1 billion members worldwide.
Groupon is a global e-commerce company that was founded in the year 2008. The company helps customers get connected with local suppliers by offering activities, travel, goods, and services. During its initial years, the company served 150 cities in North America. But in 2015, the company expanded its operations in more than 500 cities. In 2018, the company partnered with the Universal Orlando theme parks. During the same year, the company also acquired a UK based cloud servicing company, named ‘Bristol’.
Over the last decade, e-commerce has changed a lot. From established brands to startups, there has been a significant change in the way sellers interact in modern space. The above-listed companies have kept making minor changes in their operations as per the requirements. That is why they are still ruling the e-commerce industry. We hope that you liked reading this blog. If you have any questions, feel free to ask in the comments section below.