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eCommerce Industry Growth Forecast for 2023

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The eCommerce industry, not just in India but worldwide, is peaking and flourishing. As customers’ shopping behaviors shift, it is becoming highly crucial to all businesses across all industries to leverage eCommerce via eCommerce website builders if they wish to be the market forces in this cut-throat competition. 

Online stores are an excellent chance to maximize business potential. Having realized this, the brick-and-mortar stores are now looking to establish an online presence via an eCommerce store. Global retail e-commerce sales were estimated at 5.2 trillion dollars in 2021. By 2026, this amount is expected to have increased by 56%, totaling roughly 8.1 trillion dollars.

Based on online sales, the Philippines and India are the two e-commerce nations expected to develop at the quickest rates, with more than 25% increases. The greatest online retail market is by far Asia-Pacific. E-commerce sales in 2021 reached $2.992 trillion, about five times as much as those in Europe and more than three times as much as those in North America.

Furthermore, according to Statista, smartphones make up 61% of internet purchases and 71% of retail traffic. Needless to say, designing a mobile-first experience should now be a center, given the unprecedented growth of mobile commerce in 2023. Omnichannel is still expected to stay with us at least until 2030. 

One of the most significant reasons behind the growth of eCommerce is the lack of geographical barriers, as is the case with brick-and-mortar stores or malls. Customers hold power to practically shop from anywhere and everywhere in the world with just a few simple taps. Adding to this is the easy integration of the ever-so-powerful social media with eCommerce stores, enabled by website builders. 

“Website builders like Shopivana play a central role in boosting eCommerce in India and the world by addressing the challenges in setting up an eCommerce store effectively and creatively. Our platform enables businesses – well-established, MSMEs, or startups to launch an online store with all the necessary tools in the least amount of time. What makes them even more important, especially Shopivana, is the no-code benefit, significantly reducing the time gap between ideation and implementation,” shares Aditya Kedia, CTO, Shopivana. 

Shopivana is an ardent believer in evolving with time. Consequently, this India’s premium website builder has introduced new programs like the Partner Program and Developer Program with dedicated resources like Knowledge Center Blog to aid businesses, designers, and developers in effortlessly setting up eCommerce stores to help them build an online presence and drive sales. 

Undoubtedly, the eCommerce industry shows great potential, and it will only be wise to go with the flow and venture into the eCommerce industry to stay ahead of the curve. 

About Shopivana

Shopivana, India’s premium no-code website builder, is touted for assisting numerous startups and MSMEs in venturing into the digital world. With its user-friendly interface, pre-designed templates, and setting to control the eCommerce shop, the platform makes it effortless to establish an online presence for driving sales and profits. With their robust functionalities and expert support, you can be assured that your eCommerce will be one of the best your audience has seen! 

Website: www.shopivana.com

Facebook: https://www.facebook.com/shopivanaofficial/

Instagram: https://www.instagram.com/Shopivanaofficial/

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