The value of global retail eCommerce sales will reach $4.13 trillion in 2021, this figure is projected to rise to $4.88 trillion in 2022 (Statista). It is further predicted that more than 95% of all purchases to be conducted via ecommerce by 2040. With marketplaces accounting for half of global online sales, there is a window of opportunity for new marketplaces to open up online to meet growing demand.
This shift from high street to online, from in-person to virtual, has been largely driven by the global pandemic. With purchasing online, next day delivery, and hassle free returns becoming the ‘new norm’, we continue to see a rise of new marketplaces to match the evolution of consumer buying behaviour.
Here’s a round up of the fastest growing marketplaces worldwide. You will recognise the likes of Amazon and Etsy, but there are some new players emerging.
It’s no surprise that both Amazon and Ebay are in the top 3 having firmly been ingrained in the forefront of consumers' minds. More interestingly, the top 9 ranking marketplaces serve all categories. We are seeing a rise in these specialised marketplaces for product niches, and brands are seeing the benefits of partnering with independent marketplaces that protect their margins and safeguard their online presence, price value, and brand ethos.
Integrate with roseta.io
Integrating with roseta.io can open up your business’s potential by increasing sales and enabling you to keep an eye on your order and stock movement at all times. We currently offer integrations to independent marketplaces, Etsy and NOTHS, and have a number of marketplaces that we will be launching in 2021.
Get in touch with us to find out how we can help you scale up your business and reach more customers.