Top Statistics and Facts about Magento Commerce
E-commerce businesses are growing and evolving rapidly due to never ending demands from shoppers. For your business to survive and take the first spot, you've got to get a killer eCommerce platform. Magento eCommerce is considered one of the most suited choices for eCommerce merchants. This e-commerce platform's first version entered the market on March 31, 2008.
Since the last few years, If you have leveraged Magento, surely you must have witnessed how Magento 2 commerce has dominated the e-commerce industry. The appealing design, technological advancement, feature-rich functionalities and third-party app integration have led to the success of this platform.
When gathering the list of top eCommerce platforms, Magento is a must-have in the list. Over the years, it has become more popular and easier to use.
The Magento 2 statistics shows how it captivated the e-commerce industry. This article outlines some groundbreaking adobe commerce statistics and facts showing why Magento is rising and delivering great results.
History Overview: Magento and Adobe Commerce
If you are talking about history, let's start with the starting point where it all started. It was established in 2008. The person or association behind the launch and release of the Magento platform is a US-based company named Varien Inc. On top of that, the combined effort of volunteers and contributors led to the project's success.
The platform was officially developed in early 2007 and released in beta form on August 31, 2007. On March 31, 2008, Magento went public.
Magento was completely acquired by eBay in 2011 and became a part of the eBay organization. Eventually, Permira, a global investment firm, purchased it in 2015, and Adobe then acquired it for $1.68 billion in 2018, since then it is a part of Adobe.
Ahead of Magento's acquisition by Adobe, there were two versions available:
- Magento Community (free version), also called Magento Open-Source
- Magento Enterprise (Paid Version), now called Adobe Commerce
Adobe owns Magento Commerce at present. Adobe Commerce, a platform as a service, a transformed version of Magento Enterprise that has limitless scalability and powerful tools.
Magento Market share
Magento's market share can give you a better idea of where it stands and how it moves forward. According to current estimates, Magento achieved an 8% market share in 2021, higher than the 2.32 percent sales share than previous years.
Moreover, Magento processes more than $155 billion in transactions annually. Popular statistics show that the domination of Magento commerce in the industry has brought about significant growth for retailers. With Magento development, they can maximize the growth upto three times compared to any other online platform.
With all the statistics and market share at your fingertips given below, you can finally say that Magento has given a lot to retailers and the entire industry.
Astonishing Statistics and Facts about Magento Commerce
Here are some of the fascinating statistics and fun facts about Magento commerce that have dominated the e-commerce industry:
Abode was named as a leader for Digital Commerce report by Gartner® Magic Quadrant™ in 2023.
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In March 2023, Gartner published the latest Magic Quadrant for Digital Experience Platforms (DXP), and Adobe not only presented itself as a leader but instead positioned the highest on the “ability to execute” axis and the farthest to the right on the “completeness of vision” axis.
According to Gartner, DXP is defined as a combined set of technologies created to allow optimization, composition, and management of contextualized digital experiences throughout the customers’ journey.
Adobe Commerce featured in the Forrester Wave ™
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For B2B commerce solutions, Q2 2022, Adobe Commerce has been named as the strong performer and received top scores in some of the categories such as front-end management, search merchandising, reporting & analytics, third-party channels, customer management & service, plus digital products and subscription. In addition to these, they also received the highest scores in strategy and market presence.
The Magento platform powers 1.2% of the web
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First, look at the first Magento fact, which states that around 1.2% of all websites use Magento. It is a specific platform for creating online stores, so it takes roughly 12% of the market share when setting up e-commerce websites.
Magento Starts Delivering Gains in About 5.2 Months
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According to estimates, the Magento platform has a strong potential to provide substantial gains to the company within 5.2 months of completing the set-up process. With an eCommerce platform, merchants can earn potential profits within a year.
The number of Magento developers worldwide exceeds 300,000.
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An essential strength of Magento is its large and widespread developer community, which makes it a successful open-source product.
Over $155 billion is spent on Magento every year.
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Based on Magento website statistics, more than $155 billion worth of merchandise is transacted annually. Approximately a third of the total volume handled by the top 1000 e-retailers in the United States and Canada can be attributed to that channel.
Magento is used by 11% of US-based websites.
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Though Magento has left its footprint globally, the reports indicated that it has approximately 11% of the user base from the United States.
Open Source and Commerce are two separate Magento solutions.
Adding new modules to Magento Open Source allows developers to extend functionality and modify the core files. Furthermore, you must purchase your hosting, typically a high-end virtual private server (VPS) or dedicated server.
Among technical experts, Adobe cloud solution is also top-rated. Adobe Commerce includes default open source plus advance functionalities, complete B2B suite, cloud pro, advance CMS, and more.
However, Magento's both platforms offers flexibility to customize products, choose payment options, and ship anything. From the intuitive administration interface, merchants can manage their store's appearance, content, and functionality.
More than 1300 Magento Official Global Partners
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Those interested in collaborating with Magento in the future should read this fact. Magento continues to serve the world with its innovative and powerful application by creating an extensive network of more than 1300 Magento 2 partners.
As a result, these partners continue to provide services to all users. This may include developing a site design, implementing a business solution, enhancing store functionality, and providing ongoing support.
Rock Technolabs is an Adobe commerce bronze solution partner. Feel free to book a free meeting with our consultant regarding any query related to Magento 2!
Adobe acquired Magento for $1.68 billion.
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Here are the most intriguing Magento 2 fact. In 2018, Adobe acquired Magento for an astonishing $1.68 billion, a huge sum for a software company known for its creative and multimedia applications. A private company owned Magento before its acquisition, whereas Adobe plans to combine it with its cloud expertise to enhance the platform.
Magento is attributed to 10 to 80% of revenue growth by e-commerce businesses.
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According to Forrester Consulting, e-commerce businesses use Magento to boost revenues by anywhere between 10 and 80%. The Magento themes provide excellent customer service as they are user- and mobile-friendly.
The latest mobile marketing statistics indicate that 67% of people shop using their mobile devices. However, Magento customers are assured of easy online shopping, which benefits many e-commerce companies.
Over 770,000 merchants use Magento.
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According to famous statistics, it has been found that Magento has a significant user base of 7,70,000, growing every moment.
Final Words
This is not the final statistics; Magento commerce is booming in the industry that its user base and statistics are growing every second globally. Adopting Magento from a business perspective as well as for users is an incredible idea, as it gives the best of both worlds.
All in all, Magento commerce holds a bright future and will continue to leave its impact worldwide. However, if you are an ecommerce store owner or want to succeed your business online, Our team can help you and offer support throughout the journey till you get desired outcomes as we are a team of expert Magento developers, and creative marketers who have given successful projects till date, Simply mail us at – info@rocktechnolabs.com!
