{"id":181,"date":"2023-09-01T12:46:56","date_gmt":"2023-09-01T12:46:56","guid":{"rendered":"https:\/\/savemycent.com\/?p=181"},"modified":"2023-09-15T09:41:07","modified_gmt":"2023-09-15T09:41:07","slug":"statistics-on-online-shopping-vs-in-store-shopping","status":"publish","type":"post","link":"https:\/\/savemycent.com\/statistics-on-online-shopping-vs-in-store-shopping\/","title":{"rendered":"28 Useful Statistics on Online Shopping vs. In-Store Shopping"},"content":{"rendered":"\n
In 2022, more and more shoppers are opting for online instead of traditional shopping, as statistics on online shopping vs. in-store shopping show. <\/p>\n\n\n\n
Here\u2019s why.<\/p>\n\n\n\n
For starters, convenience is synonymous with online shopping, and it\u2019s probably its biggest perk. As a consumer, you can shop anywhere, day or night. <\/p>\n\n\n\n
There\u2019s more.<\/p>\n\n\n\n
Online shops\u2019 prices are often lower. Also, if you\u2019re one of those people who hate it when shop assistants hover over your shoulder as you shop, online shopping might be an excellent option for you. <\/p>\n\n\n\n
What\u2019s in it for the sellers? It\u2019s simple\u2014sales volume. <\/p>\n\n\n\n
Still not convinced? Here are some stats to help you make an informed decision. <\/p>\n\n\n\n
(Sales Lion<\/em>)<\/p>\n\n\n\n Furthermore, they spend an average of 79 days gathering information. This research is often conducted through various means, including reading product reviews, visiting manufacturer websites, and searching for deals and discounts. <\/p>\n\n\n\n With so much information available at their fingertips, it\u2019s no wonder consumers educate themselves before making a purchase.<\/p>\n\n\n\n (CNBC<\/em>)<\/p>\n\n\n\n These online shopping vs. in-store shopping statistics from 2020 showing that e-commerce took off in 2020 come as no surprise since consumers were forced to stay home due to the pandemic. <\/p>\n\n\n\n In fact, nearly every retailer\u2019s online sales saw a jump, thanks to shoppers being stuck at home. All in all, for many people, the pandemic has been a time of upheaval and uncertainty. However, there has been one silver lining: the rise of online shopping. <\/p>\n\n\n\n (Fram<\/em>)<\/p>\n\n\n\n So, nearly 70% of people in the US have bought something online so far. This figure represents a dramatic increase from the early days of e-commerce when the outcome of the brick-and-mortar vs. online battle was clear-cut. It looks like Americans are no longer afraid to use their credit cards online.<\/p>\n\n\n\n (Business Edition<\/em>)<\/p>\n\n\n\n 2020 saw e-commerce soaring to new heights. Although some industries, such as apparel, took a devastating hit last year, they are expected to see a massive improvement on the digital front. <\/p>\n\n\n\n According to online shopping statistics<\/a>, the upcoming years are likely to be even more successful. <\/p>\n\n\n\n (Fis<\/em>)<\/p>\n\n\n\n This is significantly more than credit cards, which are in second place at 21%, credit card stats <\/a>reveal. Believe it or not, digital wallets are projected to have a 53% share by 2025. <\/p>\n\n\n\n The growing popularity of digital wallets is due to their numerous advantages over traditional payment methods. They are more convenient, secure, and efficient and offer users different perks, such as loyalty programs and rewards.<\/p>\n\n\n\n2. In 2020, online spending surged by $900 billion compared to the prior two-year trend. <\/strong><\/h4>\n\n\n\n
3. 69% of Americans have purchased something online.<\/strong><\/h4>\n\n\n\n
4. <\/strong>E-commerce vs. retail<\/strong> data show that <\/strong>retail chains ended 2020 with a collective 76.8% growth in e-commerce.<\/strong><\/h4>\n\n\n\n
Global Statistics on Online Shopping vs. In-Store Shopping<\/h3>\n\n\n\n
5. In 2021, digital wallets accounted for 49% of the global e-commerce transaction value. <\/strong><\/h4>\n\n\n\n
6. Online vs. in-store shopping data note that, in 2021, over 2.14 billion people worldwide bought goods and services online.<\/strong><\/h4>\n\n\n\n