Shopify is very popular eCommerce solution!

There are two main ways for retailers to offer their products online – a custom website especially programmed for the retailer’s purposes, or a so-called eCommerce platform or shop software. The latter usually includes a fully established set of services including a user interface, payment and customer engagement tools, interfaces for marketing and shipping services, and more. In other words, an eCommerce platform provides the complete infrastructure behind a working online retail business. One of the most successful providers of eCommerce platforms is Shopify. 

The company headquartered in Ottawa, Canada, claims to provide eCommerce platform solutions for founders, over small-and-medium-sized businesses up to large players – counting brands like L’Occitane, Staples, and Heineken among their customers. According to the company’s Q1 2022 report, Shopify generated 2021 revenues of US$4.6 billion, which is an increase of 57% compared to the previous year. Shopify’s success is not only reflected in the company’s revenue development, though. The company also published current figures on user growth.

According to Shopify’s Q1 2022 financial report, more and more eCommerce customers shop at online stores that run on a Shopify platform solution. The number has been steadily growing since 2015. While the number of online shoppers buying from Shopify stores had increased by an amazing 75% year-on-year between 2015 and 2016, annual shopper growth slowed down over the years up until 2019, but reached another peak in 2020 – possibly profiting from a corona-effect: The number of eCommerce customers purchasing from Shopify stores increased by 52% year-on-year, from 300 million in 2019 to 457 million in 2020.