Ecommerce is a booming industry that shows no signs of slowing down. With the rise of online shopping and the increasing reliance on technology, more and more businesses are shifting their focus to the digital world. In fact, it’s expected that global ecommerce sales will reach $6.5 trillion by 2023.
With so much growth on the horizon, it’s important to keep an eye on which companies are leading the charge. From established giants to up-and-coming startups, here are the top ecommerce companies to watch out for in 2023.
Amazon: The Leading Ecommerce Company in the World
Amazon is the largest and most well-known e-commerce company in the world. With a revenue of $386 billion in 2020, it makes up over 38% of the U.S. e-commerce market. But their reach goes beyond the traditional retail industry, with Amazon Web Services (cloud computing) and entertainment services (Prime Video, Amazon Music, etc.) adding to their already bustling portfolio. Amazon’s influence on the e-commerce industry is unparalleled, and their push towards fast and efficient delivery has set the bar for other retailers. However, with Walmart closing in on them and smaller startups disrupting the market, Amazon must continue to adapt and innovate to maintain their top spot.
Walmart: Competing with Amazon for the Top Spot
When it comes to competing with Amazon, Walmart is definitely a force to be reckoned with. In the fourth quarter of 2023, Walmart’s eCommerce sales grew by a remarkable 17%, while Amazon’s sales fell by 2%. Walmart’s marketplace also opens up the possibility of being invited to sell products, which has helped it to attract more sellers to its platform.
Walmart is working hard to become a leader in online sales, and with its strong brand recognition and resources, it’s a strong competitor to Amazon. While the two companies may be neck and neck in the race for the top spot in eCommerce, Walmart is definitely a company to keep an eye on in the coming years.
SeatGeek: Revolutionizing the Ticketing Industry
SeatGeek is a rapidly growing ticketing platform that is changing the way people purchase sports, concert, and theater tickets. As one of the most widely used platforms, SeatGeek is revolutionizing the industry with its unique marketplace that offers fans easy access to entertainment events.
This innovative startup is disrupting the traditional ticketing industry by focusing on transparency, fairness, and customer experience. With its cutting-edge technology and commitment to quality service, SeatGeek is quickly becoming the go-to platform for all kinds of ticket purchases. As we look to the future of ecommerce, SeatGeek is definitely a company to watch out for in 2023.
MarqVision: The Future of Visual Search in Ecommerce
MarqVision is a cutting-edge ecommerce technology company specializing in intellectual property protection. Their AI-powered platform monitors both ecommerce marketplaces and digital platforms, providing protection for businesses worldwide. But MarqVision is also pioneering the future of visual search in ecommerce, which is especially valuable in this age of online shopping.
By creating this technology, MarqVision is helping to simplify the customer experience and increase sales for retailers. With their unique approach to both intellectual property protection and visual search, MarqVision is definitely a company to watch out for in 2023.
