In this article, we will take a look at the 20 best e-commerce platforms for small businesses in 2023. If you want to skip the detailed analysis of the e-commerce platform industry, you can go directly to the following link. 5 Best E-Commerce Platforms for Small Businesses in 2023.
according to report According to Market Research Future, the global e-commerce platform market is valued at $5.8 billion in 2022. The global e-commerce platform market is expected to grow to $18.12 billion by 2032 at a compound annual growth rate (CAGR) of 13.5%. Small businesses rely heavily on low-cost e-commerce platforms to run their online businesses. This explains why large companies build e-commerce platforms suitable for small business owners.You can also check out Countries with the largest e-commerce industry.
Why is Shopify popular among businesses?
Shopify Inc. (NYSE:shop) is a leader in the e-commerce industry. The company is a pioneer and one of the go-to choices for small business owners. This multinational e-commerce company is based in Canada and has operations around the world.
October 11th, Shopify Inc. (NYSE:SHOP) published Monthly summary. Last month, the company redesigned its checkout experience to make it more efficient. The new one-page checkout is available to all Shopify sellers who have upgraded to the checkout extension. Additionally, the company has made administrative actions generally available, allowing sellers to interact across all platforms without having to switch contexts. Admin action extensions allow merchants to easily develop and execute transactional workflows to enhance their business processes. Additional features include localization capabilities for Shopify admin display pages. Shopify sellers can now view deals in their native language.
Earlier this year, Shopify Inc. (NYSE:SHOP) launched its Partner Program, a network of digital marketing agencies and system integrators that helps merchants of all sizes grow and strengthen their e-commerce businesses. Shopify Inc. (NYSE:SHOP)'s commitment to supporting sellers around the world is unparalleled and explains why Shopify Inc. (NYSE:SHOP) is a favorite among investors. On October 12, Seaport Global analyst Jeff Cantwell initiated coverage of Shopify, Inc. (NYSE:SHOP) with a Buy rating and a $64 price target. Over the past 12 months, 12 Wall Street analysts have given the stock a Buy recommendation. Shopify Inc. (NYSE:SHOP) has an average price target of $67.65 and a high expected price of $80.
Notable companies in the e-commerce market
Shopify Inc. (NYSE:SHOP) may be a popular choice among business owners, but Shopify Inc. (NYSE:SHOP)'s success has been driven by Salesforce, Inc. (NYSE:CRM) B2C commerce platform and Squarespace, Inc. (NYSE:SQSP).
Salesforce, Inc. (NYSE:CRM) is a well-known cloud-based software company based in the United States. Salesforce, Inc. (NYSE:CRM) provides an e-commerce platform to business owners called Salesforce B2C Commerce. B2C commerce allows retailers to enhance their online shopping capabilities across all platforms. The company provides store development, merchandising and marketing, multisite management, and commerce extension services.
With its vast array of services, it's no surprise that it's an attractive option for businesses of all sizes. On August 30th, Salesforce Inc. (NYSE:CRM) reported earnings for the second quarter of 2024. The company reported earnings per share of $2.12, beating EPS estimates by $0.22. The company reported revenue of $8.6 billion for the quarter, beating the market consensus by $75.18 million.The company reported year-over-year revenue growth of 11.44%
Squarespace, Inc. (NYSE:SQSP) is an American e-commerce platform and website development and hosting company. Squarespace, Inc. (NYSE: SQSP) on October 4th published its annual report on new releases, “Squarespace Refresh 2023.'' By 2024, Squarespace, Inc. (NYSE:SQSP) will launch Squarespace payments beta for US consumers. Customers no longer need to connect to a third party to accept payments. Squarespace, Inc. (NYSE:SQSP) is working to improve Squarespace AI. Squarespace's AI is primarily intended to enhance the content it generates and help businesses create professional-looking websites.
E-commerce is a rapidly growing industry, offering ample opportunities for small business owners who want to reach consumers around the world.You can also check some In-demand products to sell online. So, let’s take a look at the 20 Best Ecommerce Platforms for Small Businesses in 2023.
20 Best E-Commerce Platforms for Small Businesses in 2023
our methodology
Titled 20 Best eCommerce Platforms for Small Businesses in 2023, we applied a consensus approach to source the top 30 eCommerce platforms for small businesses. Our sources included reports from Forbes, Shopify, Fiverr, g2, fitsmallbusinesses.com, and E-commerce Platforms.
We then ranked the items based on their estimated annual sales revenue from Growjo. Estimated annual sales revenue was the primary metric, supported by a secondary metric: the number of platform mentions across sources. The list is ordered by estimated annual sales revenue in ascending order.
20 Best E-Commerce Platforms for Small Businesses in 2023
20.Selfie
Estimated annual sales revenue: $2.3 million
Number of items across 6 sources: 3
Sellfy is one of the best e-commerce platforms for small business owners in 2023. Sellfy offers a complete solution that allows small business owners to sell digital products, physical products, or both. With the 2-year plan, you can open an online store for as little as $19 per month and as much as $99 per month.
Shopify Inc. (NYSE:SHOP), the B2C commerce platform from Salesforce, Inc. (NYSE:CRM), Squarespace, Inc. (NYSE:SQSP) will be the most popular e-commerce platform among small business owners in 2023 It's part of the platform.
19. Open cart
Estimated annual sales revenue: $3.9 million
Number of items across 6 sources: 3
OpenCart is an online store management system and one of the best e-commerce platforms for small businesses in 2023. OpenCart is free to download and allows businesses to customize their websites based on their needs. OpenCart is especially famous among small business owners.
18. Big Cartel
Estimated annual sales revenue: $3.9 million
Number of items across 6 sources: 3
According to our methodology, Big Cartel is one of the best e-commerce platforms for small businesses in 2023. Business owners can use the platform for free for up to five products. For up to 50 business owners, you'll have to pay $9.99 per month, and for up to 500 products, you'll have to pay $19.99 per month.
17. Nop Commerce
Estimated annual sales revenue: $5 million
Number of items across 6 sources: 3
NopCommerce is an open source e-commerce platform that offers highly customizable solutions. NopCommerce offers multi-store and multi-vendor support, which sets it apart from other e-commerce platforms.
16. Wicks
Estimated annual sales revenue: $7.5 million
Number of items across 6 sources: 6
According to our methodology, Wix.com Ltd. (NASDAQ:WIX) is one of the best e-commerce platforms for small businesses in 2023. Wix.com Ltd. (NASDAQ:WIX) is an attractive choice for small and medium-sized businesses because it offers: A complete solution with various supporting e-commerce tools. Wix.com Ltd. (NASDAQ:WIX) provides an easy-to-navigate platform with highly customized solutions.
15. Shift 4 Shop
Estimated annual sales revenue: $11.2 million
Number of items across 6 sources: 3
Shift4Shop is an e-commerce solution and one of the best e-commerce platforms for small businesses in 2023. The platform is known for its easy-to-navigate software and currently has over 200,000 customers.
14.X Cart
Estimated annual sales revenue: $12.3 million
Number of items across 6 sources: 3
According to our methodology, X-Cart is one of the best e-commerce platforms for small businesses in 2023. The company is popular with businesses of all sizes, allowing them to develop stores, manage sales orders, and perform payment transactions.
13. WooCommerce
Estimated annual sales revenue: $23.1 million
Number of items across 6 sources: 6
According to our methodology, WooCommerce is one of the best e-commerce platforms for small businesses in 2023. WooCommerce is an open source e-commerce platform. This software allows business owners to convert their website into an online store. This platform is a WordPress plugin and is free to use.
12. Volume
Estimated annual sales revenue: $25.3 million
Number of items across 6 sources: 3
Volusion is an all-in-one e-commerce platform specifically designed for small business owners who want to launch an online store. Volusion's platform includes over 180,000 online businesses as of October 2023. This platform is one of the best e-commerce platforms for small businesses in 2023.
11.Ecwid Co., Ltd.
Estimated annual sales revenue: $30.1 million
Number of items across 6 sources: 4
Ecwid Inc. is an e-commerce platform. This platform allows businesses to add an online store to their website. According to our methodology, Ecwid Inc. will be one of the best e-commerce platforms for small businesses in 2023 due to its ease of use and convenience.
10. Shopware
Estimated annual sales revenue: $70.9 million
Number of items across 6 sources: 3
Shopware is one of the best e-commerce platforms for small businesses in 2023. Shopware is an open source e-commerce platform. The company allows business owners to create an online shop that integrates marketing tools important to their business.
9. Presta Shop
Estimated annual sales revenue: $84.1 million
Number of items across 6 sources: 3
According to our methodology, PrestaShop is one of the best e-commerce platforms for small businesses in 2023. PrestaShop is an open source e-commerce platform that is free to download and use.
8. Magento
Estimated annual sales revenue: $112.5 million
Number of items across 6 sources: 3
Magento is an open source e-commerce platform that is currently acquired by Adobe Inc. (NASDAQ:ADBE). Magento provides online sellers with the ability to provide a flexible shopping cart system. Adobe Inc. (NASDAQ: ADBE) acquired the platform in 2018 for $1.69 billion. In addition, users also have access to content management features. His Magento from Adobe Inc. (NASDAQ: ADBE) allows sellers to customize and personalize their online stores.
7.VTEX
Estimated annual sales revenue: $117.8 million
Number of items across 6 sources: 3
According to our methodology, VTEX (NYSE:VTEX) is one of the best e-commerce platforms for small businesses in 2023. VTEX (NYSE:VTEX) is a complete e-commerce solution that allows businesses to integrate online marketplaces and physical stores. , a mobile application on a single platform. Although the wide range of services is suitable for large companies, small businesses can also use his VTEX (NYSE: VTEX) to significantly grow their business.
6. Big Commerce
Estimated annual sales revenue: $266.3 million
Number of items across 6 sources: 6
BigCommerce Holdings, Inc. (NASDAQ:BIGC) is an e-commerce platform that provides online store creation, search engine optimization, hosting, and marketing services to small and medium-sized businesses. BigCommerce Holdings, Inc. (NASDAQ:BIGC) offers three different plans: Standard, Plus, and Pro, priced at $39, $105, and $399 per month, respectively. BigCommerce Holdings, Inc. (NASDAQ:BIGC)'s Enterprise Plan offers custom pricing plans for businesses.
Shopify Inc. (NYSE:SHOP), the B2C commerce platform of Salesforce, Inc. (NYSE:CRM), Squarespace, Inc. (NYSE:SQSP) provides complete e-commerce solutions for small and medium-sized businesses.
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Disclosure: None. 20 Best E-Commerce Platforms for Small Businesses in 2023 Originally published on Insider Monkey.
