UK businesses selling via online marketplaces turn over £282bn a year: study - InternetRetailing
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Almost 900,000 UK businesses are now selling on online marketplaces, where they turn over an estimated £282bn a year, a new study suggests.
The study, Emerging growth opportunities for online marketplaces, also suggests that the value of the global B2B ecommerce market will rise to £7.
Claire Van der Zant, revenue director at Shieldpay, says: “The £280bn turnover that online marketplaces contribute to the UK economy is a sizeable figure, but it’s clear that this 6% share is only set to increase further in the coming years.
One in five (20%) said they made it easier for them to make the most of the online shopping boom during the pandemic, and 19% said they benefitted from the marketplace’s name.
The value of marketplace commerce can often be overlooked, especially by SMEs, but the robust infrastructure, convenience and security that they provide should encourage more businesses to move online and make the most of these advantages.
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