Real-Time Industrial Classifications

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 £10.98bn, meaning it is our 46th largest RTIC, and our 32nd fastest growing sector.
On average the roles advertised in this sector are 30.52% lower than the UK’s average salary.

1,635

COMPANIES CONSIDERED

£11.0bn

TOTAL TURNOVER

42,113

TOTAL EMPLOYEES

£103.9m

TOTAL INVESTMENT FUNDING

£1.1m

TOTAL INNOVATE UK GRANT FUNDING

6.4%

AVERAGE COMPANY GROWTH PER YEAR

E-commerce verticals

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 1581 companies
Companies supporting E-Commerce sector through platform development, inventory management, tracking and logistics services.

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- E-Commerce: Inventory
  Companies offering inventory management services
  
  85 companies
- E-Commerce: Platform
  Companies aiding in the development and the design of e-commerce platforms
  
  307 companies
- E-Commerce: Tracking
  Companies offering shipment and tracking services
  
  1345 companies

E-commerce industry growth

We estimate that the UK E-Commerce sector could be worth approximately £15bn by 2027, based on the compound annual growth rate (CAGR) of 6.4%. 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

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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.

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