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Will Shopify Continue to Grow?

Last updated on October 1, 2022 @ 1:10 pm

The ecommerce platform Shopify has been on a tear lately. In the past year, its stock has more than quadrupled.

It’s now worth over $30 billion. And it’s not just the stock price that’s growing. Shopify is also adding new features and functionality at a rapid pace.

Shopify’s growth is due in large part to the fact that it enables businesses of all sizes to set up an online store quickly and easily. Unlike some other ecommerce platforms, Shopify doesn’t require businesses to have any coding knowledge or experience. This makes it the perfect platform for businesses that want to sell online but don’t have the resources to build a custom website.

In addition to its ease of use, Shopify also offers a wide range of features and integrations. Businesses can use Shopify to accept payments, manage inventory, track orders, and much more. And with Shopify’s growing app store, businesses can add even more functionality to their stores.

It’s clear that Shopify is doing a lot of things right. But the big question is: can this growth continue?

PRO TIP: Will Shopify continue to grow? This is a question that many people are asking as the company’s growth has been slowing down in recent years. While it is still one of the most popular ecommerce platforms, there are concerns that it may not be able to keep up with the likes of Amazon and other newer platforms. Only time will tell if Shopify can continue to grow at its current pace or if it will start to decline.

The answer is yes. Shopify will continue to grow because it has a large addressable market and it is well-positioned to capitalize on this market.

Shopify’s addressable market is all businesses that sell products or services online. This includes businesses of all sizes, from small businesses to large enterprises. And with more and more businesses moving online, Shopify’s addressable market is growing larger every day.

In addition to a large addressable market, Shopify is also well-positioned to capitalize on this market. This is because Shopify offers a unique combination of ease of use and robust functionality. And as more businesses move online, they will want an ecommerce platform that can meet their needs.


Based on everything we know, it seems clear that Shopify will continue to grow at a rapid pace. This growth will be driven by the large addressable market that Shopify serves and its ability to meet the needs of this market with its easy-to-use platform.

Morgan Bash

Morgan Bash

Technology enthusiast and Co-Founder of Women Coders SF.