Shopify is one of the most popular ecommerce platforms on the market. It’s easy to use, has a lot of features, and is trusted by some of the biggest brands in the world.
In the past few years, Shopify has seen incredible growth. In 2016, their revenue was $380 million.
In 2017, it rose to $597 million. And in 2018, it reached $1.03 billion.
This growth is mainly due to two things: an increase in the number of merchants using Shopify, and an increase in the average order value (AOV) per merchant.
In 2018, there were over 1 million active Shopify stores. That’s a 60% increase from 2017. And the AOV per merchant increased by 23% to $131 in 2018.
Shopify’s success is due to their focus on providing a great user experience for both merchants and customers. They’re constantly innovating and adding new features to their platform. And they have a team of great support staff who are always ready to help out merchants who need it.
Will Shopify Continue to Rise?
Based on their past growth, it’s safe to say that Shopify will continue to rise in popularity and see significant growth in the coming years.