Fastest Growing Ecommerce Companies Table of Contents
The COVID-19 pandemic has completely changed the way industries operate in 2020.
However, the one that gained the most from COVID-19 was the e-commerce industry. The orders to stay at home forced us to shop everything online and pay our bills using online payment methods. According to statistics, e-commerce sales worldwide increased by almost 28% in 2020 ($4.3 trillion).
In today's article I will list the fastest-growing e-commerce companies, so let's begin.
Clearly, the Asia Pacific region leads as the fastest-growing area for the e-commerce market. Below, I reviewed some of the fastest-growing e-commerce companies based on revenue growth in 2020.
The largest retailer in the US, Target has about 2.0 million employees and 11,500 stores worldwide. It's a retail store that provides different foods, groceries, and a broad range of merchandise including apparel, electronics, instruments, and appliances. The chain had a revenue of over $520 billion in 2020.
When Costco partnered with Price Club in 1993, the joined business took the membership warehouse to new heights. Their financial reports confirm that most users don't mind paying a membership fee if they get name-brand products at acceptable prices. Costco has over 245,000 employees.
Most Americans have been affected by Apple's products in some manner, whether it's their office or home computers, music streaming services, watches, or smartphones. However, even Apple realized it's all about excellent customer service during the pandemic which increases their revenue.
The digital platform for making, discussing, and playing games, Steam has over 100 million users around the world. It was founded in 2003 by Valve Corporation.
Gamers love it because of the constant exclusive deals on 30,000 different games. The platform provides video game streaming, chat functionality, as well automatic updates regularly.
As you probably supposed, Steam has been on the rise during the COVID-19 pandemic. It also has a large social media community where you can find the latest deals.
One of the biggest online reading communities, BookHub provides incredible deals in many genres such as Biography, Bestselling, Cozy Mystery, Contemporary Romance, and Crime Fiction.
However, you can also find popular books on Thriller, History, Fantasy, Horror, Parenting, Business, and Science Fiction, making BookHub one of the fastest-growing e-commerce companies.
One of the most popular online streaming services for movies and TV, Hulu is owned by the Walt Disney Company. Many people like Hulu because it's one of the most reliable services where you can get all the popular shows, films, and TV series. Hulu gained over 30 million paid subscribers in 2020.
The GoDaddy e-store gives online retailers a platform along with different tools to display their products globally. The service platform had a $3.3 billion revenue in 2020 with over 1.4 million new users.
The Japanese internet giant, Rakuten operates in mobile segments, fintech, and many internet services. The company accounted for 55% of the e-commerce market in Japan and has over a billion users around the world. In 2020, Rakuten had a revenue of over 1,450,000 million yen.
eBay is a California-based company with millions of consumers. The site connects its millions of users with a large number of markets around the globe (over 190). In 2020, eBay had a revenue of over $10 billion so it's definitely one of the fastest-growing e-commerce companies.
Target is a Minneapolis-based corporation with over 1,900 retail locations in the United States. It's one of the most popular retail companies because of the low prices. The total revenue of Target in 2020 was $92.4 billion. And shares of TGT have gained 92% across the past 12 months.
This is a Chinese e-commerce website that sells electronic products such as digital equipment, telecom, and home appliances. The total revenue of Suning.com Co. Ltd was about $39 billion in 2020.
I'm not surprised by Facebook's placement on this list because it's literally one of the most popular if not the most popular social medial platform worldwide.
The social media giant has over 1.84 billion active daily users. In 2020, the company's revenue was $84.1 billion from advertising (total revenue of $85.9 billion).
Scroll down to read our indepth Ecommerce Platforms guide. What you should know, Ecommerce Platforms features, price plans and support. Pros and Cons of Ecommerce Platforms as a ecommerce, everything is explained below.
Shopify is a software company that specialises in ecommerce software for small to enterprise level businesses.
Shopify is listed as the best ecommerce software related to Ecommerce Platforms. Shopify was founded in 2006 in Ottawa, Canada and currently has over 6,124 employees registered on Linkedin.