Sujay Seetharaman Contributor Share on Twitter Sujay Seetharaman is a Customer Success Manager and a Market Analyst at eCommerce market intelligence firm PipeCandy As competition between Walmart and Amazon intensifies, the acquisition of Shopify’s merchant marketplace, may be the boost that the Walton family’s juggernaut needs to move ahead. In May this year, Amazon published its small business impact report in which it disclosed that there are 20,000 small and medium sized businesses that make a million dollars or more in sales on its platform Amazon boasts about 5 million third-party sellers on its marketplace today, with an estimated 100,000 sellers hopping onboard every month. At 100,000 sellers a month over the next 5 years, there could be an estimated 11 Million sellers on Amazon’s marketplace by 2023. E-commerce intelligence firm Marketplace Pulse estimates Amazon’s Gross Merchandise Volume or GMV for 2018 at $280B, set to triple over a 5-year period, concluding that the marketplace contribution to Amazon’s GMV would surpass 70% by 2023. Combined with Prime and FBA, this high-level picture sounds like Amazon can afford to not worry about its marketplace.
Comment on Walmart acquiring Shopify is no longer a laughable idea
Jonathan Shieber, TechCrunch
Thu, 07/19/2018 - 3:30pm
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