Shopify is one of the fastest growing ecommerce platforms with over half a million merchants using it to run their businesses. Amazon is also growing rapidly, but it is primarily a marketplace for third-party sellers. So, which company is growing faster?
To answer this question, we need to look at the growth of both Shopify and Amazon. Shopify is a platform that helps businesses with everything from setting up an online store to processing payments and shipping orders.
It now has over half a million merchants using its platform, which is a 50% increase from last year. In terms of gross merchandise volume (GMV), Shopify grew by 74% in the first quarter of 2018. This is impressive growth for any company, let alone one that is going up against the ecommerce giant Amazon.
Amazon, on the other hand, reported that its net sales grew by 43% in the first quarter of 2018. This is still impressive growth, but it’s not as fast as Shopify.
However, it’s important to remember that Amazon is a marketplace for third-party sellers as well as its own retail business. So, while Shopify may be growing faster than Amazon overall, it’s likely that Amazon’s marketplace is still growing faster than Shopify.
In conclusion, both Shopify and Amazon are growing quickly. However, Shopify is growing slightly faster than Amazon overall. When it comes to their respective marketplaces, it’s likely that Amazon is still growing faster than Shopify.