Online marketplaces generating £282 billion worth of sales each year - Business Leader
Quick Read
The Shieldpay and Cebr research found that companies selling on marketplaces reported stronger business performance, with annual revenue growth in 2021 amounting to 9.
4% for businesses selling on marketplaces, compared to 7.
According to the ONS, just 3% of micro-businesses cited selling through marketplaces in 2019.
New research released today from Shieldpay, the secure digital payments market leader, and the Centre for Economics and Business Research (Cebr) has found that almost 900,000 (882,900) UK businesses are currently selling on online marketplaces, generating an estimated £282 billion worth of sales every year – worth 6% of all UK business turnover.
However, despite the significant turnover from online marketplace sales, these figures still represent only just over a fifth (6%) of the UK’s annual business turnover.
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