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 £13.11bn, meaning it is our 40th largest RTIC, and our 52nd fastest growing sector.
The E-Commerce sector has not received additional investor attention in recent years and the amount of venture capital funding is not increasing as fast as our other emerging economy sectors.
On average the roles advertised in this sector are 37.25% lower than the UK’s average salary.

1,839

COMPANIES CONSIDERED

£13,113,701,779

TOTAL TURNOVER

46,724

TOTAL EMPLOYEES

£86,220,000

TOTAL INVESTMENT FUNDING

£4,392,031

TOTAL INNOVATE UK GRANT FUNDING

-3.1%

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 1862 companies
Companies supporting E-Commerce sector through platform development , inventory managment,tracking and logistics services.
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- E-Commerce: Inventory
  Companies offering inventory management services
  122 companies
- E-Commerce: Platform
  Companies aiding in the development and the design of e-commerce platforms
  417 companies
- E-Commerce: Tracking
  Companies offering shipment and tracking services
  1564 companies

E-commerce industry growth

We estimate that the UK E-Commerce sector could be worth approximately £11.2bn by 2027, based on the compound annual growth rate (CAGR) of -3.1%. 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.

Discover more RTICs and access our other free reports today.

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