E-commerce has been revolutionizing the concept of buying and selling products for the last 10 years. Today, 15% of retail purchasers shop through digital e-commerce websites. Furthermore, it is expected that 23% of buyers will shop through online shopping services in 2023.
Under the above adequate statistics, we can conclude that e-commerce is a digital marketing giant. Every brand is introducing its brand website to gain stellar growth and revenue. Since each newly launched brand contributes to e-commerce, the consumers or buyers get confused about choosing the right e-commerce websites to buy. Remember that robust delivery, effective communication with customers, diversity of products, massive transaction or electronic payment methods, and convenient services are the factors that make a brand the largest e-commerce company.
This article will go through the top 10 ecommerce brands list of 2022. I’ve also penned down some facts and figures and why they ranked as the largest e-commerce companies in 2022.
Top 10 Largest e-commerce companies-2022
The following list provides the detail of the top 10 largest e-commerce brands in the world by revenue.
Amazon leads the list of top 10 e-commerce brands because of its comprehensive and robust services. The e-commerce giant is providing multiple services except buying and selling goods. Customers can purchase artificial intelligence and machine learning products, e-books, and other digital products.
Amazon diversifies its services. Alexa, Amazon Prime, Amazon Studios, Amazon game studios, Amazon publishing, and cloud services evolved from Amazon in 1944 to the king of the e-commerce industry in 2022.
2. Wal-Mart Stores Inc:
This American multinational e-commerce company deals with digital hypermarkets and superstores. Walmart is steadily applying a practical marketing strategy to nurture online shopping globally. These strategies work because Walmart can take over Amazon as its revenue increases four times faster than Amazon after the pandemic. In 2021, Walmart earned a total revenue of $560 billion!
3. Alibaba Group:
Alibaba-also known as the Amazon of China is a solid competitor of e-commerce industries. The company primarily works on wholesale retailers in China. However, its marketing presence expands worldwide by the extensive network of customers and products. Alibaba also offers B2B and B2C online shopping services in 200+ countries globally.
Facebook comes at the 4th place in the top 10 e-commerce brand list. Though the social media company is not an e-commerce brand, Facebook is a mega wholesale and retail online shopping marketplace. Facebook serves as a portal of giant shopping experience and access to big customer audiences. Each e-commerce startup, either a food shop or sports company, can achieve the goldmine of earning millions through Facebook. Facebook fascinated goods advertisement and created a business-to-consumer (B2C) marketplace.
5. Microsoft :
Microsoft sells digital products and services. It offers software and hardware to other e-commerce companies to earn revenue. Microsoft is the fastest growing e-commerce brand as it bought other companies like Skype, Xbox, and Bing. The software company is now evolving into an e-commerce brand with cloud, artificial intelligence, and business application services.
Apple is smartly moving its e-commerce empire. The company majorly sells its digital products worldwide. However, it invests its revenue in expanding the business and making apple an e-commerce beast.
Apple store sells application and digital software\’s, whereas iTunes sells podcasts and music. You can also pay via Apple Pay if you’re it’s customer.
eBay started the concept of product auctioning. The company was known to auction used products. Due to a significant and rich audience, a product was sold with a substantial profit margin. Lately, different brands partnership with eBay to sell their products. This is how eBay evolved into an e-commerce brand. The brand is among the list of top 10 e-commerce brands as the industry generated a profit of $10 billion in 2020.
Shopify considers itself as an all-in-one solution for e-commerce brands and industry. Over one million merchants and sellers trust Shopify to sell their products. The company facilitates an e-commerce cloud-based tool for drop shipping and other online shopping tasks. The e-commerce brand runs in 170 countries with 500000+ online stores!
Jingdong, commonly known as JD, has a small marketplace than Alibaba. However, it generates revenue equal to or sometimes more than Alibaba. Both are the e-commerce brands of China, but JD is primarily famous in China and Asia due to its high-tech computer systems, robotic management, and drone delivery systems.
10. Rakuten. Co:
Rakuten is a leading Japanese e-commerce brand that controls Japan’s online banking. In addition to operating online getaways, Rakuten runs 70 e-commerce businesses in Japan. The Rakuten shopping mall has retail operations with Japan and other global countries.
Takeaway- Top 10 e-commerce brand list of 2022:
All of the above e-commerce marketplaces lies in the list of top 10 e-commerce brand due to their instant marketing growth and revenue potential. After all, serving customers globally and providing them with the best online shopping experience is not a piece of cake. Since these companies are impressively accomplishing this task, they deserve to be present in the top 10 e-commerce brands list.