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Amazon has a catalog of 12 million products across all categories and services.The top spot went to Taobao with $538 billion in GMV.
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In 2020, Amazon ranked as the top U.S.e-commerce sales figures reached $602 billion. By 2021, Amazon is projected to reach 39.7% in market share or $302.36 billion in U.S retail e-commerce sales (eMarketer, 2020).Amazon’s global retail e-commerce sales are expected to decrease slightly to 15.9% or $468.87 billion in 2021.was at 47% and is predicted to increase to 50% in 2021. In 2020, Amazon’s projected share of the retail e-commerce markets in the U.S.As of July 2020, Amazon’s market value had reached $1.49 trillion.Besides, in the most recent years, Amazon has recorded steady growth in net revenue.Interestingly, in Q3 of 2020, Amazon announced an increase in 37% of net sales, hitting $96.1 billion in revenue.Amazon saw a boost in revenue of 35% in the first three quarters of 2020.
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The Amazon case study is an open book to brands and retailers, and there is plenty to learn from the growth of this lucrative firm. As a result, the firm has maintained a constant upward trajectory, reaching heights never before imagined. Notably, Amazon has been at the fore of the endless shifts in attitude, demographics, technological advancements, and customer preferences. The company has distinctively managed to stay abreast of changes in the eCommerce industry, bulldozing its way to the crest. In recent years, Amazon has made gigantic strides to become only the second $1 trillion business, after Apple. Notably, having these stats at your fingertips will help you to not only run targeted marketing campaigns but also make smarter decisions and keep pace with global eCommerce titans. These figures will make you intimately familiar with Amazon and illuminate your path to success. To help you out, we’ve compiled all the statistics you need to know about Amazon. Understanding the details behind Amazon’s trajectory, and using reliable eCommerce solutions, can help you scale the heights of eCommerce with ease. With that said, getting down to the nitty-gritty of Amazon can be a high starting point. In other words, you need to train your sight on the Amazon business model. This is to mean, if you are pursuing eCommerce excellence, Amazon should be your benchmark. Even with the postponement of Prime Day to October in 2020, Amazon still amassed record sales for its products, cloud services, and even ramped up hiring in the midst of the COVID-19 pandemic. Amazon statistics have shown that the company’s disruptive force has radically changed the dynamics of the whole eCommerce ecosystem. In recent years, the company has seen a monumental shift, driving the online retail industry to incredible heights. Amazon is, without a doubt, the trailblazer of the eCommerce industry.