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This is especially relevant for any conversation about predatory pricing: Amazon is setting the price directly for 15% of US ecommerce, not 35%. While most of the Amazon data only provides approximate values, we can see that the platform is the first choice for consumers. There is no doubt, Amazon market size will continue to grow. However, 20%  have used it to monitor a purchase. Second question: $184bn sounds like a big number, but how does that compare to the competition? Amazon generated a total of $42.75 billion in third-party seller service revenue in 2018, dwarfing the $31.88 billion generated in 2017. Free delivery on millions of items with Prime. Over the last couple of years, online retail culture has evolved rapidly, and eCommerce dominance has continued to grow. These assumptions give us $81.5bn US ecommerce, but you could very easily flex it $5bn up or down. With reviews and analyses spanning a breadth of topics from software to learning models, James is one of FinancesOnline’s most creative resources on and off the office. But Amazon's market share is … So for a category like electronics, you can see that there is a huge That slower growth means it's losing market share to big-box competitors. Apple has (say) 15% of global smartphone unit sales, but it also has 80% share of US teenagers’ phones. Another thing to note is that, while mobile commerce continues to grow, many consumers still shop on their desktop devices. The following statistics offer a window into the needs, wants, and behavior of today’s customers. The forecast was revised after disclosure in Bezos’s annual shareholder letter in April 2019. This dwarfed visits to Wallmart (59 million), eBay (54 million visits), The Home Depot (36 million visits), and Groupon (32 million visits). Investors may trade in the Pre-Market (4:00-9:30 a.m. The all-time high Amazon stock closing price was 3531.45 on September 02, 2020. What does ‘dominant’ or ‘scale’ or ‘huge’ mean when US retail is $6 trillion a year? The more that ecommerce expands beyond the original commodity categories, the more that we see new and different models and experiences proliferating. Paperback $13.99 $ 13. What mattered in tech this week, and why. That clearly wouldn’t mean it wasn’t dominant in the ‘relevant market’. Apple and Google are barely making a dent in Amazon’s enormous share of the home speaker market, and that trend will continue through 2021, a … This is to mean, if you are pursuing eCommerce excellence, Amazon should be your benchmark. Giving a total US GMV in round numbers of roughly $184bn. On the one hand, 74% buy a product online at least every few weeks. Surprisingly, of the total Alexa-enabled device owners, only 2% have used it for shopping. Amazon averages a 74% share of digital transactions in the US. What market share would that give Amazon? Matt Day. This more than double the market share of its nine closest competitors, combined. Primarily, it has enabled sellers to deliver remarkable customer experience savored by Amazon users. That fell to 34% in … 2 player from 31.7 points to 33.4 points. The categories include electronic (89.9%), home improvement (83.8%), food (81.8%), sports, fitness & outdoors (89.6%), household essentials (88.8%), and health/medicines (92%). Putting these statistics into context, Amazon’s meteoric growth seems unstoppable, at least for now. On the other hand, 32% trust search engine like Google, 25% rely on a retailer website, 11% of consumers go to other marketplaces, whereas 7% trust social media channels. What’s intriguing is that Amazon Prime has quashed one of the most prevalent eCommerce challenges, shipping, besides its other inimitable benefits. Furthermore, statistics show that in Q1 2019, AWS registered a 42% revenue growth compared to 46% reported in the last quarter of 2018. It also doesn’t sell cars or repair them, and car dealers and parts were $1.2tr. Based on my DCF analysis, I estimate Amazon's fair … There you have it, our comprehensive compilation of Amazon statistics. U.S. Market Voice Assistant Popularity in 2018, Amazon Flirts With $1 Trillion Value Amid 8-Day Rally Streak, Worldwide Amazon online retail sales market share 2016-2019, Share of e-commerce sales in total U.S. retail sales 2010-2019, 47 Amazon Statistics To Bedazzle You In 2020, Amazon Statistics, User Demographics, and Fun Facts in 2018, amazon.com Competitive Analysis, Marketing Mix and Traffic, Total global visitor traffic to Amazon.com 2020, Desktop visitors to leading U.S. online retail properties 2018, Amazon: total active customer accounts as of 1st quarter 2016, Amazon Statistics (Revenue, Sellers, Prime & More! Indeed, the very concept that one retail format can swallow all others seems flawed to me - department stores did not, nor supermarkets, not Walmart, which was also once the bogeyman of terrifying efficiency and growth and scale but which also somehow failed to crush all other American retailers. Three-quarters of Amazon seller firms had between 1 and 5 employees, in 2018. But if we’re going to worry about the scale of the Amazon machine, which scale are we talking about? Amazon.com, Inc. Common Stock (AMZN) Pre-Market Stock Quotes - Nasdaq offers pre-market quotes and pre-market activity data for US and global markets. First of all, Amazon’s deep expertise has been phenomenal. Also, FBA has lent a hand to sellers who are too naive to handle the packaging and shipping of products. Historical daily share price chart and data for Amazon since 1997 adjusted for splits. In 2018, Amazon overtook Google in product search. It presumes Amazon doesn’t compete with malls or department stores or Walmart or with any other shop. Actually, Amazon reports have shown that many customers start their product search and price comparison on the Amazon website. That is, a central part of the regulatory process is ‘market definition’, and in the past the EU has defined Microsoft as having dominance of the market for ‘commercial third party PC operating systems’, and Google Play as having dominance not in ‘app stores’ but in Android app stores. Three times out of four, on average, the most profitable firm is not the one with the largest slice of the market. Sources: Amazon (revenue, Prime members, cloud revenue), EMarketer (e-commerce, e-commerce category share, advertising, smart speaker share), Euromonitor International (total retail share… Read Amazon Publisher Services customer reviews, learn about the product’s features, and compare to competitors in the Other Advertising Software market Clearly, the Amazon associates program and the FBA provide insights into Amazon’s growing dominance. In the two days of 2017’s Prime Day, Amazon registered over 187 million visits. That’s the $42.745bn. Amazon has 50% or more of the US print book market, and at least three quarters of publishers’ ebook sales (it also has its own ebook publishing business, for which it has never disclosed any data). As of July 2019, Amazon’s market value had reached $993 billion. Amazon doesn’t actually tell us the splits, but we can make some reasonable estimates. This is a significant growth rate compared to Google’s 23% revenue increase. AWS Amazon reported Amazon Web Services (AWS) revenue of $11.6 billion for Q3 2020, compared to $8.9 billion … Meanwhile, the Amazon Chime SDK uses 14 data center regions, and Microsoft ACS touts 18 data center regions. On the other hand, 20% search for a new product on search engines like Google, 4% on brand websites, 4% on retailer websites, 3% on other marketplaces, and 1% on social media. Interestingly, 26% of consumers buy the first product to appear on the Amazon search results page. That seems like a problem. Interestingly, in Q1 2019, Amazon announced a 17% increase in sales, hitting $59.7 billion in revenue. Today, Alexa has become an integral part of how consumers interact with their smart home devices. So for a category like electronics, you can see that there is a huge volume of digital transactions, and that Amazon holds maybe 80-85% of that volume. Also, Amazon Alexa is available in more than 60,000 devices. However, the problem with comparing Amazon’s online sales with all online sales is that this presumes that Amazon only competes with other online retailers. Amazon lets other companies list products on its website and ship them through its warehouses as the ‘Marketplace’ business. Market share is the fool’s gold of modern business. It presumes no-one ever asked ‘should I buy this from Amazon or from Barnes & Noble’? Manage distribution to 400+ stores for ebook, printing on demand, and audio via a single dashboard. As of July 2019, Amazon’s market value had reached $993 billion. On top of that, in 2019, Amazon is predicted to account for 13.7% of the worldwide online retail market sales. Chiefly, Amazon is a reliable resource that has evolved to become an integral component of customers’ broader shopping mindset. In reality, companies that maximize market share end up minimizing profits, while their smarter rivals earn higher returns. That’s a political question as much as it’s an economic one. For every eCommerce dollar spent by a US  consumer, Amazon earns a whopping 49 cents. Amazon Com Inc s' competitors and its Market Share by Electronics & other general merchandise, Media, Total, Other segment - CSIMarket Amazon.com: Market share. A popular research firm sounded the buzzer on Amazon’s market share earlier this year only to slash its estimate from 50% to 38%. In fact, the recent data of its monstrous market share are astonishing to behold, and it’s evident that the retail giant is the king of the eCommerce empire. Besides, it provides numerous perks such as access to exclusive deals on Prime Day, access to Prime Video, and a collection of other benefits. By the end of 2019, more than 51% of US households will be Amazon Prime subscribers. The ‘ Marketplace ’ business hand in the table on the other hand, 37 % product! S monstrous market size will continue to grow from 8.8 % in 2020 to 9.7 % in 2020 9.7! 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