Top 15 Magento Statistics To Know In 2022 Before Getting StartedApril 18, 2022 | Author: Ashley Brown
Count on the Magento platform to start an eCommerce platform or extend the existing one, then. Know the imperative Magento statistics owing to its popularity, revenue generation, and widespread accessibility.
You can decide to avail Magento 2 development assistance for building a profitable eCommerce platform. One of the widely used digital retail support systems for large, medium, and small enterprises is growing at a fast pace.
You know about the widespread acceptance of Magento, which is now also referred to as Adobe Commerce. You might have come across Magento-related facts like it powers 0.7% of sites on the internet, 250,000 active users, 12% of total eCommerce websites, or 1.2% of the total CMS market.
Is there anything left to know about the eCommerce platform before getting development or Magento 2 migration service? To be precise, there is an extensive line of statistics you should be aware of before making the final decision on the platform.
Here, we provide you the list of 15 Magento statistics and help boost your online business
A. General Magento Statistics
1. 2008 is the Year of Magento’s Inception
Magento first came into existence in early 2007. The first beta version was released after a year. Officially, Magento was released on March 31, 2008. it was developed by Varian, Inc, a California-based company.
2. Magento is Now Adobe Commerce Since 2018
Magento platform experienced several acquisitions over some time. Firstly, eBay acquired 49% and then full ownership of Magento in 2022. Followed by this, Premier PE funded the platform in 2015. Finally, Adobe acquired the platform in 2018 and provide its backing team with the open-source model of the platform.
3. Magento Open Source & Magento Commerce are Two Separate Solutions
Magento’s Open Source model allows you to develop your eCommerce site without much investment. Hire developers who implement the core files and functionalities by adding numerous plugins. For this, you can buy your hosting or dedicated server.
4. More Than 300,000 Magento Developers Worldwide
Magento is undoubtedly on an extensive run by spreading its widespread developer base all across the globe. At present, approximately 300,000 developers are available to provide end-to-end Magento 2 support to various enterprises.
5. Partnered with 1,300 Independent Companies
Plenty of independent companies has partnered with the Magento platform. The partners assist merchants in the process of Magento project designing, support, implementation, and merchandising.
B. Magento Usage Statistics of 2022
6. Magento Has a 1.1% CMS Market Share
Magento shares the total CMS market share of 1.1%/. It is due to the extensive reach, user-friendly operations, and big brands’ acceptance of the platform.
7. It is the 3rd Most Popular eCommerce Platform
Shopify surpasses the market share as compared to Magento mainly due to being an old-time player. Magento still covers 9% of the total eCommerce market and appears as the third most popular preference.
8. More Than 250000 Use Magento Worldwide
As per the Magento data itself, it has been calculated that more than 250,000 merchants access the Magento platform. Retailers run this powerful CMS (content management system) to add thousands of product details and other relevant information.
9. Magento Sites Doubled Between 2017 and 2018
Magento is a popular and extensively used CMS and eCommerce platform for large, medium, and small-scale enterprises. As per one of the reports, the number of Magento-based retail websites experienced a double growth from 2017 to 2018. At present, the platform covers 12% of the total online stores available to diverse customers.
10. Magento Has a Share of 7% Among Top 10K Web Stores
After Shopify and WooCommerce, Magento is the third-best platform for retailers of all types. In terms of the total number of web stores, Magento surpasses the mark of 10K and more to open in the coming time.
11. 202 Magento Users Are in 1000 Internet Retailer List
It has been estimated that more than 20% i.e., top 1000 online retailers in US and Canada, prefer Magento over other CMSs. Several reasons behind the widespread acceptance are user-friendly platform, number of plugin options, SEO ability, and more. The market share is further expected to rise with the increasing number of traditional retailers transforming into digital leaders.
12. Top Brands Like Omega Watches, Ford, Bulgari Use Magento
Some of the popular brands in addition to the above-mentioned ones include Liverpool FC, Land Rover, Pepe Jeans, and Harvey Nicholas relying on the Magento platform. The brands witness end-to-end endorsement of products across the target audience and a seamless way to shop on part of customers.
13. 7,500 Customers Migrated to Magneto
Magento experiences are higher than average migration within the eCommerce ecosystem. Since the last year, more than 7,500 merchants have migrated to Magento Commerce and experiencing enhanced sales patterns.
14. Magento Handles Over $155 Billion in Transactions Annually
Every year, the Magento platform witnesses digital commerce transactions of value more than $155 billion. In terms of the absolute value, it is more than one-third of the volume taken care of by the top 1000 e-retailers in Canada and the US.
15. Magento Start Providing Gains in Approximate 5.2 Months
It has been estimated that the Magento platform has the potential to provide substantial gains approximately after 5.2 months of setting up. It is less than a year for merchants to start earning potential profit from the eCommerce platform.
Magento is the preferred choice of eCommerce platform for merchants of all sizes to set up an online store and head towards a profitable business. Many interesting facts and statistics showcase the growing spectrum of Magento. Know more about the platform and even avail of Magento 2 development services from the experts available at AgentoSupport.
Frequently Asked Questions
Q. Is Magento Free or Paid?
Magento Open Source is free to download eCommerce platform. You need not pay anything to install the platform. However, you have to pay for web hosting, web development, and additional integration cost.
Q. What is Magento PWA?
Magento PWA (Progressive Web App) is a modern-day web application that performs like a native mobile app but does not require you to download it. Add the web app icon on the browser homepage, access it online and offline, and experience user-friendly accessibility with less data consumption.
Q. How Can I Start with Magento 2 Development?
At first, connect to Magento experts, discuss your requirements, and let the professionals analyze your needs and the required technology. After a careful discussion and evaluation, Magento developers start developing your platform.