The forecast was revised after disclosure in Bezos’s annual shareholder letter in April 2019. Before COVID-19, Amazon's share of online spending was 42%, according to Rakuten Intelligence. For example, in 2018 alone, the segment generated $25.66 billion in net sales, an increase from $17.46 billion generated in 2017. As of 2018, Amazon held 49% of the lucrative $252.7 billion US market. Apple has (say) 15% of global smartphone unit sales, but it also has 80% share of US teenagers’ phones. When it comes to creating innovations and programs that set the standards, Amazon has no equal. Last updated 9/19/18. That seems like a problem. Walmart has 9% of ‘addressable retail’, but 20% of grocery sales (and in a small number of US cities it has over 50%). That slower growth means it's losing market share to big-box competitors. The Amazon market share is a very important consideration, but don't miss out on potential sales outside of just Amazon. $3,800 per share. If we want to do that for the USA, what are those numbers? But it's captured about 30% of the Indian ecommerce market, and is poised to grow that 23% annually until 2027. On the other hand, 32% trust search engine like Google, 25% rely on a retailer website, 11% of consumers go to other marketplaces, whereas 7% trust social media channels. What mattered in tech this week, and why. Amazon doesn’t actually tell us the splits, but we can make some reasonable estimates. Much of its success has to do with its wide-ranging product offering, low prices and a high degree of cross-border shopping from neighboring countries. It signifies Amazon’s relentless endeavor to extend its reach and command all facets of the customer purchase journey. We often hear that it has ‘huge scale’, and maybe it’s ‘dominant’, or even ‘a monopoly’, but what does that mean? Over the last couple of years, online retail culture has evolved rapidly, and eCommerce dominance has continued to grow. Additionally, 2017 Prime Day sales surpassed Amazon’s sales for both Cyber Monday and Black Friday. (As an aside, one should note that the revenue from the third party platform services business is almost twice that of AWS, and certainly pretty profitable; Amazon discloses revenue and profitability for AWS but only revenue for this. When looking at quarter-over-quarter growth between Q4 2017 and Q1 2018, Amazon gained share … This Chart Shows Amazon’s Dominance in Ecommerce It’s no secret that Amazon is dominant in ecommerce. Benedict Evans recently did a great 2018 market share analysis for Amazon on its share of US e-commerce and addressable US retail. Amazon.com, Inc. Common Stock (AMZN) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Some reasonable estimates has no equal 's share of online spending was 42 %, according to Rakuten.! 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