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Growth Statistics of Multi-Vendor E-Commerce Platform

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veronica gilbert
Growth Statistics of Multi-Vendor E-Commerce Platform

The entry of on-demand applications has made people's lives more convenient. All the daily needs from food to paying bills can be done from a single place within a few swipes. This doorstep convenience made the on-demand apps a grand hit in the market. Affordability of services has made these apps a major hit in the market. Nowadays there are only a few businesses without online services but almost every sector has stepped into the on-demand application market. In the lane, the advent of multi-vendor e-commerce platforms like amazon made a tremendous change.


Multi-Vendor E-Commerce Script

The multi-vendor e-commerce script coordinates multiple vendors in a single platform and provides people a variety of services under a single platform. It is greatly beneficial and profitable. With the robust white-labeled Multi-Vendor E-Commerce Script anyone can create an online shopping site like amazon by integrating buyers, sellers, and brands in one single platform. It is enriched with many features so that you can make your shopping site with a lot of options.  Create a seamless consumer-partner platform today. 


In this blog let us know about the benefits of multi-vendor e-commerce script, before that check the growth statics of these platforms

Growth Statistics of Multi-Vendor E-Commerce Platform

In this internet era, online shopping apps are dominating the industry. Let us look at some of the facts that convey the same,

- By 2023, the e-commerce market is expected to generate $740 million in the US alone. 

- The e-commerce market masters like Amazon, eBay are ruling the industry by capturing 60% of the market. 

- 31% of first-time shoppers choose the online market.

- According to a report, people are more likely to use the multi-vendor e-commerce platforms due to reduced prices, offers, coupons, etc on the commodities.

- The worldwide sales on the e-commerce platforms are expected to return $4.88 trillion by 2021.

- 50% of global retail sales will take place through marketplaces.

- Being the business model of the multi-vendor e-commerce platforms, Amazon has 8.3 million total sellers globally.

All these facts indicate that the multi-vendor e-commerce platform will continue to rock and roll the floor for many upcoming years.

Conclusion 

There is no doubt that this Multi-Vendor E-Commerce App market will continue to grow even bigger in the coming years.  With the advancements in technologies, multi-vendor e-commerce platforms will continue the vast expansion of the market. If you have got an idea of starting your own marketplace, then you can approach Startupmart, an on-demand app development company, and build your multi-vendor e-commerce script like Amazon Clone App. We plan it properly and utilize the right resources to zeal your position in the market and boost your ROI substantially. 

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