eCommerce has transformed the web world and especially the way business is being done, the Indian eCommerce is grown up to more than 80 million dollars and it is expected to grow up to more than 100 million dollars by 2020.
This growth of the industry has also triggered growth in the Internet and smartphone usage.
Digital transformation is a huge success and it is leading to growth in Internet usage by 900 million in 2020.
The Top eCommerce companies in the world are growing at an annual rate of 51% at an average and it is the topmost in India.
The future of eCommerce is blooming.
The eCommerce companies provide financing, technology, and training to all kinds of industries micro, small, medium or large and have a great impact on them.
The eCommerce industry has great scope and is said to be having an increase that will surpass the US to become the world’s largest revenue eCommerce companies in the market in the world by the upcoming years.
Top 20 eCommerce Companies in the World 2019-2020:
1. Amazon
Founded: 1994
Founder: Jeff Bezos
In 1994, Jeff Bezos founded (who is the wealthiest man in the world) amazon and amazon, as an app does not need an introduction, as it is one of the topmost eCommerce companies in the world.
The size of Amazon as an online store is much bigger than Google and is a direct competition to eBay as it has more than 566,000 personnel in the organization.
Not only the amazon online store but also amazon web service is as vast and as grown as amazon.
2. Ali Baba
Founded: 1999
Founder: Jack Ma
In 1999, Jack Ma founded Ali Baba, which is the world’s largest eCommerce company that originated in China.
Think of a product and it is upon Ali Baba with multiple vendors and great price range. It has its dominance in China but also is the 3rd largest eCommerce company in the world.
When this site was formed it did not have funds to hire a sales team so he took a step and hired farmers from a rural area to do the sales.
Jack Ma also had an apartment in which the employee’s work, ate and slept.
3. eBay
Founded: 1995
Founder: Pierre Omidyar
In 1995, Pierre Omidyar established eBay and it has its headquarters in San Jose, California and is one of the top eCommerce companies in the world.
eBay was the first successful dot-com-bubble survivors that developed into online shopping, that is the reason the logo has a combination of red-blue-yellow-green.
This eCommerce company gives a platform in the marketplace for C2C and B2C transactions. eBay provides products in every possible category and covers every industry and products.
On eBay, you have to bid on the product and the highest bid gets the product. eBay has invested in Flipkart and Flipkart handle Ebay’s operations in India.
4. Jingdong (JD.com)
Founded: 1998
Founder: Liu Qiangdong
In 1998, JD.com was established and it operates out of Beijing, which has given it rapid growth. It has always been one of the most popular eCommerce companies.
It did take around six years for it to begin online trading, which was in 2004.
Ali Baba is bigger than JD but last year it has made more revenue and become a great eCommerce development company. It has a fantastic feature like no other, which is its high tech drone delivery system.
It has partnered with Wal Mart and increased its supply chains in China.
5. Zappos
Founded: 1999
Founder: Tony Hsieh
Tony Hsieh founded Zappos in 1999, which is basically an online shoe store that is the best in its customer service.
They are said to be topmost eCommerce companies in the world that is known for customer support.
The main motto of the company was to ‘WOW’ the customers and the company is successfully fulfilling it. They don’t charge shipping, return or purchase cost, you can also return the product if you do not like it and you get a refund.
6. Rakuten
Founded: 1997
Founder: Hiroshi Mikitani
The amazon of japan, which was previously known as Buy.com and now Rakuten.com, is the identity of this top eCommerce company.
Giving you an idea of how huge this site is, in japan more than 90% of Internet users have an account on Rakuten, It hosts more than 50,000 businesses, it is also official sponsors for NBA, Golden State Warriors, and FC Barcelona.
It challenges the biggest competitors like Netflix for streaming services. It has more than 10,000 employees in 24 countries.
7. Home Depot
Founded: 1978
Co-Founder: Bernard Marcus, Arthur Blank, Ron Brill, and Pat Farrah
Atlanta, GA is the home of Home Depot, which has expanded to Canada where they have set up more than 200 stores, also more than 100 stores in Mexico.
This launch eCommerce store was done in 1994. They are one of the largest home improvement retailers and the most used eCommerce website in the US.
They supply tools, construction products, and services.
The founders had passed a statement when they launched home depot saying ‘We found The Home Depot with a special vision – to create a company that would keep alive the values important to us, values like respecting people, great customer service and giving it back to the society’.
8. Flipkart
Founded: 2007
Founder: Sachin Bansal and Binny Bansal
Flipkart originally is a Singapore retail brand, which operates from Bengaluru, India.
This top eCommerce company in the world was launched in 2007 by three students of Indian Institute of Technology Delhi (IITians) named as Sachin, Bansal and Binny Bansal, who worked for amazon and later decided to launch their own online store.
Initially like amazon Flipkart was also just an online bookstore and focused on apparel selling with neck to neck competition to Myntra and Jabong and electronic selling with competition to amazon.
9. Zalando
Founded: 2008
Founder: Rocket Internet
Zalando is a company that is based in Berlin, founded Germany in 2008 and is one of the topmost eCommerce companies in the world of fashion.
Its focus is on selling apparels throughout the world, with the addition of fashion accessories and trends with million users worldwide.
Until 2014 Zalando was facing severe losses but after that, it started making profits when the working pattern had changed for this company.
10. Otto
Founded: 1949
Founder: Werner Otto
Otto was founded by Werner Otto in 1949 and for Otto, its home is in Europe being a big mail-order company and it is known for its greatest technological trends, it has a technical background, which helps to innovate it.
eCommerce development services play a great role in technical development. It has its presence in more than 30 countries in Europe.
Otto started with being a small retailer to topmost eCommerce company.
11. B2W Digital
Founded: 2006
CEO: Marcio Cruz
Largest online retail eCommerce Company originated in Latin America, which has its headquarters in Brazil and has recently announced the move in the US.
It was founded in 2006 and holds a market share of 50%.
B2W Digital is basically a merger of Americanas.com and Submarino.com and is a competition to Amazon, WalMart, Cnova, etc.
12. Groupon
Founded: 2008
Founder: Andrew Mason
Launched in Chicago in November 2008 by Andrew Mason to reframe online group discount online shopping and is connected to 500 cities worldwide.
Groupon as a name was a mix of ‘group’ and ‘coupon’ as it’s first-ever deal was ‘buy two pizzas for the price of one’.
It connected subscribers with local merchants by giving offers through activities, good services, etc.
That is a win-win situation for both users and owners and users get discount and owners get revenue. It is also one of the greatest Magento Development Companies.
13. Walmart
Founded: 1962
Founder: Sam Walton
The company was founded in 1962 by Sam Walton, which is the biggest eCommerce website and the world’s leading employment provider.
It has around 12,000 stores across 28 countries. Walmart is an American multinational retail organization with its headquarters in Bentonville, Arkansas.
It has high stakes in the United States. Walmart is the world’s largest revenue eCommerce company.
The company is controlled by the Walton family so it is a publicly-traded family-owned business.
14. Priceline
Founded: 2000
Founder: Jay. S. Walker
Priceline is based out of Connecticut founded by Jay. S. Walker who left it in 2000, which is used for discounted travel-related purposes.
It provided special discounts and special offers and vouchers when done combine bookings of the hotel, flights, car, etc. It is one of the best eCommerce solutions.
Priceline had become famous for the system of Name Your Own Price, where you could easily put your price range and book according to your budget.
15. Costco Ecommerce
It has its headquarters in Washington and is a chain of warehouse clubs, which offers memberships.
Costco is an American multinational company operating in chain membership only and is the 2nd largest retailer after WalMart.
Costco sells products at a very low price in bulk and is targeted to large business. It is supposed to be the largest eCommerce companies of 2019-2020.
16. Shopify
Founded: 2004
Founder: Tobias Lütke, Daniel Weinand, Scott Lake
Shopify is a Canadian eCommerce company with its headquarters in Ontario, which was founded in 2004.
It is one of the most trustable eCommerce app development companies it helps compose software and customize the needs of the client’s business.
Shopify will help businesses to showcase their project. around 200 countries use Shopify by the latest study of 2019.
17. Booking Holdings
Founded: 1997
Founder: Jay. S. Walker
It was founded in 1997 by Jay. S. Walker, it is an American company organized in Delaware and based in Norwalk, it is the most used eCommerce website in the US.
It is the largest provider of online travel-related services that are spread across 230 countries. In 1999 the company became a public company making walker a billionaire.
18. Asos
Founded: 2000
Founder: Nick Robertson
Nick Robertson founded it in the year 2000, which has its headquarters in Camden, London.
It has over 80000 brands of its own clothing range. Asos is one of the largest independent fashion online stores in the UK.
It is one of the largest eCommerce companies 2019-2020.
19. SnapDeal
Founded: 2010
Founder: Kunal Bahl and Rohit Bansal
Two people Kunal Bahl and Rohit Bansal launched SnapDeal in 2010, which is an Indian eCommerce company based in New Delhi.
It is one of the top eCommerce companies in the world. It has around 4,00,000 sellers, over 400+ crore products in 900+ different categories with the reach of 7000 towns cities across the country.
20. Club Factory
Founded: 2014
Founder: Aaron Jialun Li, Vincent Lou
Aaron Jialun Li and Vincent Lou who were graduates from California first launched club factory in 2014.
Club Factory has the largest market in India and 40 million out of 70 million users globally. Club Factory is apt for the Indian market as researchers state that the Indian market is a discount hunter.
It is said to be the largest eCommerce companies 2019-2020.
Conclusion
I would suggest go ahead and take up a challenge to find the best and five top eCommerce companies in the world.
The digital world has a rapid growth and a huge scope of success and also tastes the desert of it.
eCommerce development has given growth in the sectors such as digital payment, hyper-local logistics, customer-driven engagement, digital advertisements and much more.
