UK E-commerce Industry
Learn more about the innovative companies and start-ups that make up the UK’s E-commerce sector with industry statistics and data from our Real-Time Industrial Classifications (RTICs).
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What is E-commerce?
E-commerce is the term used to describe Electronic Commerce – the process of selling or buying goods and services over an electronic network. When we talk about E-commerce today, in most cases we mean the buying or selling of goods over the internet – from specific products and services, to subscriptions, data, food and much more.
This new way of selling products online led to a boom in E-commerce focused brands and stores, such as Amazon, eBay and Asos, as well as more traditional bricks and mortar businesses using E-commerce platforms to sell online.
With this increased demand, we’ve seen a rise in the companies and tech start-ups supporting the E-Commerce sector from those providing intuitive inventory management services to the companies developing the platforms themselves.
E-commerce sector summary
Key information you should know about the E-Commerce sector from our AI-driven platform of over 5 million companies:
- E-Commerce has turnover of £13.86bn, meaning it is our 36th largest RTIC, and our 50th fastest growing sector.
- On average the roles advertised in this sector are 34.23% lower than the UK’s average salary
Our E-Commerce RTIC is made up of 3 individual industry verticals, including verticals such as Inventory, Platform, Tracking. You can find out more about the verticals by buying a report, visualising the sector on our platform, or by downloading the data.
- Sector Code Description Records
- RTIC0074 E-Commerce 1891 companies
Companies supporting E-Commerce sector through platform development , inventory managment,tracking and logistics services.
- E-Commerce: Inventory122 companies
Companies offering inventory management services
- E-Commerce: Platform417 companies
Companies aiding in the development and the design of e-commerce platforms
- E-Commerce: Tracking1564 companies
Companies offering shipment and tracking services
E-commerce industry growth
We estimate that the UK E-Commerce sector could be worth approximately £11.4bn by 2027, based on the compound annual growth rate (CAGR) of -3.9%. Below you can see the five year turnover forecast for the RTIC from 2023 to 2027.
Get your free E-commerce report
Dig deeper into the UK’s E-commerce industry with our free 2022 RTIC report, which includes:
– Summary of RTIC data & industry performance
– Overview of key verticals
– Geographic analysis & breakdown
– Key insights & trends
Real-Time Industrial Classifications (RTICs)
At The Data City we’re mapping the emerging economy through accurate and reliable real-time data. We’ve produced Real-Time Industrial Classifications (RTICs) for some of the UK’s fastest growing sectors, across over 350 industry verticals, including E-commerce.
Discover more RTICs and access our other free reports today.
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