Some mind-blowing stats!

Here are some eCommerce stats that I find insane:

1- By the year 2040, it’s estimated that 95% of all purchases will be through eCommerce. (Nasdaq)

2-In the last year, businesses have lost $756 billion because of poor
eCommerce personalization. (OptinMonster)

3-93% of Millennials have compared online deals using a mobile device. (Statista)

4-If page loading times change from 1 second to 3 seconds, bounce rates on mobile sites increase 32%. (Google)

5-If you require account creation during the checkout process, 23% of people will abandon carts immediately. (Baymard Institute)

6-At the average abandonment rate of nearly 70%, eCommerce sites could be losing a total of $3 billion a year. (Disruptive Advertising)

I personally found these numbers enlightening and pretty crazy, thoughts?

submitted by /u/No_Decision812
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