5. The revenue of Adobe digital experience segment, of which Magento Commerce is a part of, rose by 5% year over year by 2020’s second fiscal quarter.

(Digital Commerce 360, BigCommerce)

The said product segment added $826 million to Adobe’s coffers during the first fiscal quarter of 2020, contributing to the company’s record revenue.

One of the reasons for the increase was a strong demand for tech that supports flexible work arrangements, which have become popular in hopes of reconciling economic productivity with social distancing.

Despite gaining some momentum, it’s still unclear whether the company could sustain its Magento revenue growth in the midst of a global pandemic.

The situation has made ecommerce a convenient option to shop for goods. But the full extent of the economic impacts of the pandemic on consumers and businesses of different sizes remains to be seen.

The uncertainty of the future has altered the shopping behaviors of certain demographics. Survey says that millennials, Gen-Zers, and men are the three groups that have cut back on spending amid the coronavirus scare, which can translate to weaker overall consumption.

6. According to the latest Magento sales statistics, Magento Commerce’s bookings spiked by over 40% in the Q3.

(Digital Commerce 360)

Adobe’s acquisition of the platform has proven to be a good move.

The organization bought strategic ecommerce solutions in the past years in order to put itself in a better position to go against Oracle and Salesforce.

At least in that period, Magento was a bright spot. In contrast to the aforementioned revenue figure, some of the corporate applications Adobe added to its portfolio have failed to pay dividends as projected.

For instance, the marketing solutions included in the Marketo purchase weren’t growing as fast as forecast.

7. Based on Magento statistics, the online storefronts powered by the platform handle $155 billion worth of GMV every year.

(Magento, Statista, Marketplace Pulse, W3Techs)

To underscore how impressive this number is: it’s $6 billion greater than the grand total GMV figures reported by eBay, Walmart, and Wish in the United States in 2019.

Merchants using Shopify, widely considered a rapidly growing ecommerce platform in the world, processed a GMV of $61.10 billion only last year.

The growth Shopify since 2017 has been a sight to behold. But the merchants subscribed to it are probably not going to match (let alone exceed) the collective value of goods the users of Adobe’s ecommerce platform (from the smallest to the biggest Magento sites) have been able to transact in the near future.

8. Magento-driven online storefronts outgrow their non-Magento counterparts three times faster.

(Elogic, Magento)

Building a Magento site isn’t without its challenges. But once an ecommerce site is built, it will lend itself to expansion and be able to accommodate the unique needs of a growing business.

Unparalleled flexibility and optimal scalability are some of the favorite qualities prudent and fastidious B2C merchants like about the platform. The tech can support about 500,000 products without requiring a merchant to upgrade to the paid version, free Magento statistics note.

9. Magento can process thousands of transactions per hour.

(Elogic, Magento)

Merchants that deal with high-volume sales on a regular basis can benefit greatly from the platform. Quality is the name of the game, but struggling with quantity will stunt your business’ growth.

Being able to process a ton of sales over a small period is a necessity for every budding entrepreneur. Thanks to Magento’s robust system and reliable performance, its users manage to drive down their total cost of ownership by 50% on average.