Find stats on top websites

Industry Landscape

The e-commerce solutions industry is thriving, driven by increasing online consumer spending and businesses' need for robust digital presences. AI and data analytics are enhancing personalization and efficiency. While competition is intense, specialized agencies that offer comprehensive services and focus on ROI are well-positioned for growth.

Industries:
Digital StrategyWeb DevelopmentPerformance MarketingOnline RetailSystem Integration

Total Assets Under Management (AUM)

E-commerce Sales in United States

~Approximately $1.11 trillion (2023 estimate)

(12-15% CAGR)

- Driven by increased online shopping adoption.

- Boosted by mobile commerce growth.

- Influenced by rising consumer expectations for seamless experiences.

Total Addressable Market

1.3 trillion USD

Market Growth Stage

Low
Medium
High

Pace of Market Growth

Accelerating
Deaccelerating

Emerging Technologies

Generative AI

Generative AI can automate content creation for product descriptions, marketing copy, and personalized recommendations, significantly boosting efficiency and personalization in e-commerce.

Headless Commerce

Headless commerce separates the front-end user experience from the back-end e-commerce platform, offering unparalleled flexibility, speed, and customization for online retailers.

Web3 & Blockchain

Web3 and blockchain technologies enable decentralized marketplaces, secure payment systems, and enhanced supply chain transparency, fostering greater trust and new business models in e-commerce.

Impactful Policy Frameworks

American Innovation and Choice Online Act (AICOA) (Proposed, 2022)

This proposed legislation aims to prevent large online platforms from disadvantaging smaller businesses that rely on their services, promoting fair competition.

It could restrict how large e-commerce platforms like Amazon and Shopify operate, potentially leading to more favorable terms for smaller businesses and increased competition among platform providers.

Children's Online Privacy Protection Act (COPPA) (Enforced, 1998, with updates)

COPPA imposes requirements on operators of websites or online services directed at children under 13 years of age, or who have actual knowledge that they are collecting personal information from children under 13.

E-commerce businesses must ensure compliance when targeting or collecting data from minors, affecting data collection practices and marketing strategies for certain products.

State-level Data Privacy Laws (e.g., CCPA 2020, CPRA 2023 in CA, VCDPA 2023 in VA)

Various state laws, like California's CCPA/CPRA and Virginia's VCDPA, grant consumers more control over their personal data, including rights to access, delete, and opt-out of sales of their information.

E-commerce businesses must implement robust data privacy practices, transparent consent mechanisms, and provide consumers with data management tools, increasing compliance costs and operational complexity.

Transform Your Ideas into Action in Minutes with WaxWing

Sign up now and unleash the power of AI for your business growth