Magento is an all-in-one eCommerce platform powering businesses of all sizes to start, grow, scale, and market their online stores effortlessly.
Magento has seen tremendous growth in the past few years. It is highly recommended, robust, flexible, and the top choice eCommerce platform for all the industries.
Today, millions of people use Magento to power their online businesses in the ecommerce world.
If you're considering using this platform to build your own ecommerce store, it's essential to understand why it's so popular.
In this article, we'll take a closer look at what Magento has to offer and why thousands of entrepreneurs choose it every month. In this post, we'll share some statistics about Magento (Adobe Commerce) that might surprise you.
History of Magento (Adobe Commerce)
In 2009, due to its customizable and flexible nature, Magento gains popularity and grew quickly in the eCommerce world.
Since its launch, Magento grew every single year, and now has a market share of over 0.8%. With such a strong presence, it's no wonder that Magento has been acquired by so many large companies in recent years!
- In 2010, Magento Mobile was launched and finally, in 2015, there was an official release of Magento 2 version.
- Magento community and enterprise edition were named a Magento open source and Enterprise in 2017.
- Currently, Magento has over, 144035 active websites and reportedly brings over $100 billion in gross merchandise volume every year.
The Magento Success Story And The Growing Popularity of Magento
Do you know why Magento is still the best choice and the most selected ecommerce platform in 2023? Below are a few reasons behind this:
- Magento is fully customizable
- It is SEO friendly
- Helps to create better user-friendly experiences
- Improves website speed and performance
- It can also integrate well with the 3rd party platforms
- Mobile responsive
- Ensures website security
- Assure in-depth performance analysis
- You can get a robust support
In the world of eCommerce, it's essential to be up-to-date on the latest trends and statistics in order to stay ahead of the competition.
With that in mind, here are some essential Magento statistics and facts you need to know by 2023.
The Refreshing Statistics and Facts about Magento:
- 1. In 2018, Adobe acquired Magento for $1.6 billion.
- 2. Magento launched Magento 2 in 2015.
- 3. Magento is growing rapidly, with almost 710,778 websites spread globally. Today, almost 144,035 websites are live on this platform.
- 4. Magento currently powers 0.8% of all online stores on the Internet.
- 5. As per Wikipedia, $155 billion worth of products were sold in the year 2019 through Magento-based systems.
- 6. One of the most impressive Magento statistics is that the platform generated over $224 billion in revenue in 2020.
- 7. As of April 2021, Magento holds a 2.32% market share in global e-commerce platforms.
- 8. As per the reports from Builtwith, Magento ranked at the third position in its list of top eCommerce platforms and technologies.
- 9. The majority of Magento users are in the US, with 49,344 sites live. The 2nd most country is the UK, which has 10,794 Magento websites live.
- 10. More than 500 million active buyers. Since 2008, Magento has been powering online stores for some of the world's largest brands. In these many years, that number has ballooned to more than 500 million active buyers.
- 11. More than 6k certified magento developers. Magento is one of the most widely adopted eCommerce platforms out there, which means it's also home to a ton of certified developers. This means that you can be sure that your store complies with all the latest security and performance standards set by Magento.
12. Significant industry growth potential. Since 2008, the industry growth potential for Magento has been outpacing that of most other eCommerce platforms by a significant margin. That means there's plenty of room for your store to grow into new markets and become even more successful than it is today.
And with so many online shoppers looking for quality products and services, there's no doubt that Magento will continue to reign as king of the web marketplaces!
- 13. Premium plugins are still popular among merchants. Even though premium plugins can cost extra money upfront, they're still popular among Magento merchants.
Interesting Magento Facts
- 1. Magento, Inc. The software was originally developed by Varien Inc.
- 2. The name of Magento was originally taken from the color “Magenta” the color of its first logo.
- 3. The primary language used to develop Magento websites is PHP, with nearly 60% of all code written in this language.
- 4. Every year, Magento handles over $100 billion in gross merchandise volume, powering global brands like Coca-Cola, Burger King, Lenovo, HP, and Nike.
- 5. Magento’s logo and name was inspired by the game Dungeons & Dragons.
- 6. All over the world, there are over 300,000 Magento developers.
- 7. 99.9% of Magento was developed in Ukraine.
- 8. Magento is downloaded almost 5000 times every day.
- 9. More than 3500 Magento extensions are available on Magento Marketplace. As a Magento Development company, we provide 100+ free and premium Magento 2 extensions with unique features.
- 10. Magento handles USD 155 billion worth of transactions every year.
These are just a few facts about Magento out of many. Stay tuned for more as we will discuss Magento's growth in the coming years.
Some of the popular brands using Magento include Olympus, Christian Louboutin, Land Rover, Jaguar, Ford, Coca-Cola, P&G (Procter and Gamble), HP (Hewlett-Packard), Cox & Cox, Paul Smith, Helly Hansen, Sigma Beauty, Monin, Liverpool, Nestle Nespresso, Tommy Hilfiger, etc.
Final Words
As the world's largest ecommerce platform, Magento plays an integral role in online sales.
But with so much activity going on behind the scenes, how do you know which Statistics are essential to keep track of? In this article, we'll have covered some of the Incredible Magento Statistics to must know.
There is no doubt that Magento is a powerful toolkit that can help your business grow at a rapid pace.
By understanding these numbers and using them to improve your business operations, you'll be on the road to success.
