Amazon generated a total of $42.75 billion in third-party seller service revenue in 2018, dwarfing the $31.88 billion generated in 2017. Still, if you disagree, and do think that Amazon will go much further towards taking over ‘everything’, then your definition of Amazon’s market share has to be its share of, well, ‘everything’. Between February 2018 and April 2019, Amazon had over 37 billion mobile and desktop visits. Number of people that own an Amazon Fire TV device: 40 million. Its share of LCD TV sets, for instance, nearly tripled, to 3.7% at the end of 2010 from 1.3% in 2007, estimates research firm TraQline. So, if you buy a $1,000 TV on Amazon from a third party supplier, Amazon will charge the supplier (say) $150 in fees for shipping and handling and commission, and report $150 as third party service revenue, but won’t treat the $1,000 as Amazon revenue at all. In recent years, the company has seen a monumental shift, driving the online retail industry into incredible heights. This post will replicate the same analysis but for 2019 figures. There is no doubt Amazon provides an established customer base, but for increased acquisition, you should advertise strategically, implementing new technologies, and price more dynamically. eBay has the same accounting policy, but it also reports the value of the actual purchases as a separate number - ‘gross marketplace value’, or GMV. Currently, the retailer is present in 14 countries, but it ships products to more than 100 countries. MarketWatch reports citing data from eMarketer that in May, Walmart’s online sales surpassed eBay in market share of U.S. ecommerce sales. Besides, in the most recent years, Amazon has recorded steady growth in net revenue. Amazon averages a 74% share of digital transactions in the US. The simple answer is that the US government gives a number for total ecommerce sales as an economic statistic: in 2018 the number was $522bn. Another 10% comes from ‘Other’ (mostly advertising) and subscriptions (Prime), and then there’s the ‘physical stores’, which today is almost all Whole Foods (the revenue number in the table below jumps from 2017 to 2018 because Amazon only owned Whole Foods for part of 2017). Amazon only boasts a mere 5 percent share of total retail sales, excluding food, across the country, according to data from the U.S. Census Bureau. Historical daily share price chart and data for Amazon since 1997 adjusted for splits. What does ‘dominant’ or ‘scale’ or ‘huge’ mean when US retail is $6 trillion a year? However, these applications have had a hand in the process as statistics have revealed. That fell to 34% in … No spam. The trend has recorded an upward trajectory in the last four years; Q1 2015 (44%), Q1 2016 (48%), Q1 2017 (50%), and Q1 2018 (52%). Approximately 2.5 million sellers have a product listed for sale on Amazon. eBay however, was Amazon’s … Splitting out GMV is important because Amazon isn’t setting the price or choosing the selection for the third party Marketplace. This dwarfed visits to Wallmart (59 million), eBay (54 million visits), The Home Depot (36 million visits), and Groupon (32 million visits). So for a category like electronics, you can see that there is a huge Better still, with a big chunk of the top sellers on Amazon using the FBA service, one thing is evident. At the end of that year, 54% of product search originated from Amazon compared to 48% that began on Google. Giving a total US GMV in round numbers of roughly $184bn. The all-time high Amazon stock closing price was 3531.45 on September 02, 2020. Consequently, you’ll use the insights to create befitting innovations to connect with your loyal customers and high-value prospects. Overall rating ☆ ☆ ☆ ☆ ☆ Please select number of stars. 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