Magento Statistics

Magento Statistics in 2024: Usage and Market Share

Published on: October 13, 2023
Last Updated: October 13, 2023

Magento Statistics in 2024: Usage and Market Share

Published on: October 13, 2023
Last Updated: October 13, 2023

You’ve probably already heard of Magento and know that it is an open-source eCommerce platform.

However, no matter how much you may think you know about this platform, you will probably be surprised by some of the following Magento statistics. 

It was initially developed by Varien Inc.

This private, California-based company worked in conjunction with open-source software contributors and an array of volunteers.

The platform was first released in 2008.

Naturally, it’s been updated and improved countless times since.

The platform was purchased by Adobe in May 2018 for an impressive $1.68 billion.

That shows how much potential they felt it had. 

Today, it is often referred to as Magento, although its official name is now Adobe Commerce.

It’s become a popular option for online stores across the globe.

Since its purchase by Adobe the platform has been improved in a variety of ways, helping to make it a viable option for all eCommerce stores. 

Key Statistics

  • 0.7% of websites use Magento
  • 11% of Magento customers are US based
  • Magento is the 3rd most popular e-commerce solution
  • 20% of the top 1,000 e-retailers in the US use Magento
  • Over $155 billion transactions are processed through Magento yearly
  • Magento is downloaded 5,000 times daily
  • There are more than 200,000 Magento developers 
  • 10.39% of Magento customers are lifestyle based
  • E-commerce businesses experience between 10-80% uplift in profits with Magento
  • The Magento platform has been downloaded over 2.5 million times
  • Magento has a bigger share of the Ecommerce market than Shopify
  • Marketplace offers over 3,000 Magento extensions

Top Magento Statistics in 2024

1. 0.7% Of Websites Use Magento

Magento 1133

It doesn’t sound particularly impressive, Magento powers less than 1% of the websites on the internet. 

However, estimates suggest there are currently 1.8 billion websites, 0.7% of this is a much more impressive sounding 1,260,000.

To further put this into perspective, it’s important to note that many of the existing 1.8 billion websites are not eCommerce sites.

Blogs, social media sites, and similar sites do not need an eCommerce platform. 

As Magento is specifically designed for eCommerce, it’s only an option for eCommerce websites. Estimates suggest there are only 12-24 million of these!

With these figures in mind, Magento powers between 5-10% of the available sites. 

(W3Techs)

2. 11% Of Magento Customers Are US Based

According to the latest figures,  there are 124,926 Magento users based in the US.

In comparison, the UK only has 16,042 users and the Netherlands has just 14,039. 

Interestingly, despite the comparatively high number of users in the US, Magento is a popular option across the globe.

There are users in almost every country, including Russia, Africa, India, and South America. 

Figures show the total number of Magento users is over 1,135,000, the number in the US is roughly 11% of this figure.

It’s potentially due to it being released in the US first or, more likely, because the US is still the biggest economy in the world. 

(BuiltWith)

3. Magento Is The 3rd Most Popular eCommerce Solution

When you look at just the eCommerce websites on the internet it’s easier to see how well Magento is performing. 

WooCommerce is undoubtedly the market leader with an impressive 30% of the market.

Shopify takes the second spot, but is nowhere near the success of WooCommerce.

Shopify has an 18% share of the eCommerce market.

Magento is currently in third place with 9%.

This is obviously less than Shopify, but the level of interest in Magento and the way it has increased its market shares in recent years, suggest that this situation could change in the future. 

Either way, it’s impressive to think that an eCommerce platform which started life less than ten years ago as an open-source program, can be one of the most popular eCommerce solutions in the world. 

(CloudWays)

4. Usage Of Magento Doubled In One Year

A study by BuiltWith illustrated how rapidly the growth of Magento has been.

Records show that between March 2017 and August 2018 the number of websites using Magento virtually doubled. 

This was shortly after Adobe bought Magento and is possibly a result of their higher profile and extensive marketing budget.

That said, it has been growing rapidly since its launch in 2011. It’s still an impressive period of growth.

More recently, growth has continued at a slower rate but it is continuing in the right direction. 

(BuiltWith)

5. 20% Of The Top 1,000 E-retailers In The US Use Magento

The latest figures show that at least 200 of the top 1,000 eCommerce sellers in the US are using Magento.

That means Magento is used by 20% of the best eCommerce retailers in the country. 

That’s an impressive figure, especially when you start thinking about who is on the list of top 1,000 e-retailers. 

(BuiltWith)

6. Some Of The Biggest Business Names In The World Use Magento

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Magento isn’t just an eCommerce platform with impressive user statistics.

Some of the users themselves are impressive. 

If you think about some of the most popular brands in the world, such as Pepe Jeans, Land Rover, and even Ford, you’ll find they use Magento to power their eCommerce solutions. 

That’s not the only sites. Coca-Cola, Samsung, Lenovo, and even Nike, all rely on Magento for eCommerce. 

What better testimony to how good the Magento eCommerce platform is! 

If you were wondering whether to try Magento or not, you now know you’ll be in great company. 

(Paul Rogers)

7. Magento Is Experiencing High Inward Migration Levels

eCommerce is a competitive industry. Along with the major players, there are several smaller players trying to make their mark.

Most eCommerce sites will offer a variety of incentives to help win customers, especially if that means taking them from a competitor. 

Magento has an array of offers, although its list of famous brands is an excellent advertisement in itself. 

Whatever it’s doing, it’s working. According to reports, within the last year Magento has won 7,500 users from its competitors. 

Specifically, three competing content management systems, osCommerce, OpenCart, and VirtueMart. 

(BuiltWith)

8. Over $155 Billion Transactions Are Processed Through Magento Yearly

Magento may not have the biggest share of users on the market but the quality of its users counts for a lot. 

Financially, Magento has handled over $155 billion worth of transactions.

Obviously, much of this is due to their links with the largest players in their fields, such as Coca-Cola and Nike. 

If you still think Magento is a small player then consider this.

$155 billion is over a third of the amount taken by the top 1,000 eCommerce sites in the US and Canada, combined. 

In other words, Magento may only power 0.7% of the websites in the world, but it is responsible for processing over a third of all US and Canadian eCommerce transactions.  

(Magento)

9. Magento Is Downloaded 5,000 Times Daily

Magento is easy to download and start using. That’s one of the reasons it is so popular.

This is reflected in the number of downloads performed daily across the globe. 

Current figures show it is downloaded 5,000 every day. That’s nearly 2 million downloads a year.

While not everyone chooses to use Magento and, for various reasons, some sites stop trading, the bottom line is simple.

Magento is an extremely popular choice and its user base is likely to continue growing rapidly. 

(Webtribunal)

10. There Are More Than 200,000 Magento Developers 

Magento is growing at an impressive pace. In 2017 there were just 5288 developers.

Today, this figure has grown to over 200,000. 

It’s worth noting that in 2017, there were 849 developers located in the US, more than any other country in the world. 

Certified developers exist across the globe, in as many as 73 different countries, ensuring you’re never too far from an expert. 

Each developer can improve the way Magento works or work specifically with you to help ensure you have the best platform for your business. 

There are various ways to find Magento developers but one of the most popular is looking for them on freelancing platforms, such as Upwork. 

(Statista)

11. 10.39% Of Magento Customers Are Lifestyle Based

Magento can be used with any type of website in any industry.

However, the latest reports show that nearly 11% of Magento’s clients operate businesses in the lifestyle industry. 

It’s difficult to say whether the popularity of Magento in this industry is due to it being particularly well-suited for this type of business.

It may simply be that business owners within the lifestyle industry are good at recommending products to each other. 

Whatever the reason, it will be interesting to see if this statistic stays the same or grows.

(websitebuilder)

12. E-commerce Businesses Experience Between 10-80% Uplift In Profits With Magento

Magento Stores

Choosing an eCommerce platform is a big decision.

The layout, theme, and ease of use can make a big difference in how a site is perceived by customers. 

This has a direct effect on the profitability and success of the eCommerce site. 

Thankfully, for those that choose Magento, studies show that eCommerce businesses that choose Magento experience between 10-80% uplift in their profits. 

Any uplift can be considered good, but an 80% increase in profits is phenomenal. 

(Adobe Commerce)

13. The Magento Platform Has Been Downloaded Over 2.5 Million Times

The number of times a platform has been downloaded is not necessarily the same as its customer numbers. After all, some people download applications by mistake or simply don’t like using them. 

However, the greater the number of downloads the more likely it is that the platform is used and popular.

Since it was released Magento has been downloaded over 2.5 million times.

The number of downloads is consistent with the latest figures which show Magento as one of the ten most popular eCommerce platforms of 2021.

While the most popular platforms, WooCommerce and Squarespace Online, take nearly half the market, Magento is on a par with the other top ten most popular platforms. 

(Statista)

14. Magento Has A Bigger Share Of the eCommerce Market Than Shopify

According to the latest studies, Magento has gained a 24.8% share of the eCommerce market.

In contrast, Shopify, one of the largest and best-known names in the industry, has a 9% share.

This is compatible with its impressive rise through the ranks. 

For example, in its first year, Magento was downloaded over 100,000 times.

During 2016 it gained 50,000 merchants, and it currently has the number one position with Alexa for eCommerce platform market share. 

According to Alexa statistics Magento has a 29% share of the market. 

In fact, in Google searches, the word Magento is searched for more often than the word eCommerce.

Of course, this may be slightly influenced by the fact magento is also a color.

It’s difficult to predict how Magento’s popularity will continue but it certainly improved dramatically after Adobe purchased the platform. 

(Builtwith.com)

15. Marketplace Offers Over 3,000 Magento Extensions

If you visit Magento Marketplace you’ll find there are more than 3,000 extensions.

This number grows every year. 

The available extensions ensure that Magento can be used in a  variety of ways by different sites.

In short, whatever you need it to do, there is likely to be an extension for it. 

The most popular extension is Omnisend which helps organize your SMS and email marketing.

Because it effortlessly integrates with Magento stores, it can offer an array of templates and workflows, allowing you to automate much of this part of your marketing efforts. 

Other popular extensions include Beeketing, AddThis, TaxJar, and Nosto. 

Alongside the impressive list of extensions you’ll find over a dozen themes to help you get the right look for your site.

It should be noted that the average price for a theme or an extension on Magento Marketplace is $599. 

(Marketplace)

16. Magento Is Fully Customizable

Most eCommerce platforms offer a platform and a few options, allowing you to customize the style of your site. 

However, because Magento is originally open source, it is fully customizable.

This may help to explain its popularity.

Simply choose the Magento CE and install it on your site for free.

Then choose from the huge array of extensions to make the site work exactly how you want it to. 

Magento gives the user complete control over modifications, adjustments, and optimization for every part of your eCommerce store. 

This includes robust SEO features, such as SEO-friendly URLs; Meta tags, and sitemaps, among other features. 

(Magento)

Top Reasons To Choose Magento

Magento 1136

The fact that companies like Coca-Cola and Nike have chosen to use Magento is a great advertisement.

However, if you’re still not convinced by this and the other impressive Magento statistics, then take a look at the following top reasons to choose Magento. 

No Host Restrictions

Many eCommerce platforms will only work with specific hosts, limiting your options and potentially the speed and smoothness with which your site operates. 

This isn’t an issue with Magento, there is no restriction on hosting service.

You are free to choose anyone. 

User-Friendly

The problem with creating eCommerce stores for many people is that it appears complicated and you don’t have the time to spend learning the different techniques. 

However, with Magento you don’t need to worry.

The system is intuitive to use, guides you through each process, and allows you to design any page how you want, even if you don’t have technical website experience. 

The same approach is used to keep your customers happy, allowing them to quickly find the products they need.

This can help increase sales and customer loyalty.  

Faster Loading Times

Attracting customers is only one part of the puzzle and Magento knows this.

According to Google Analytics the average time on a  webpage is just 45-54 seconds. 

That means you have very little time to impress your visitors and persuade them to stay and shop. You can’t afford to waste time loading the page.

Magento offers one of the fastest load times in the industry and is dedicated to building the fastest eCommerce stores. 

That’s got to help with customer attraction and retention. 

Third-Party Integration

Another excellent aspect of Magento is that it works well with a huge array of third-party plugins and extensions. 

That means, if you can’t find a Magento extension which suits your needs you’ll be able to find a third-party one which you can use instead. 

This means secure transaction processing and your website appearance and performance can be enhanced in exactly the way you want it to. 

Third-party extensions can also offer improved inventory management and customer relationship management systems.

That will make it easier for you to focus on and build your business. 

Mobile Friendly

Over 50% of website visits now originate from a mobile device.

In fact, current predictions suggest that by 2024 nearly half of all website purchases will be made via a mobile device. 

Fortunately, Magento is already designed to work perfectly with any mobile device.

It won’t only ensure your site looks great on a mobile, it will also perform perfectly.

Supports Multiple Stores

Setting up an eCommerce store is challenging.

However, you never know what the future holds. If your store goes well you’ll want to expand into different markets. 

Magento will allow you to operate and manage multiple stores from one admin dashboard. 

That means all the stores will have the same appearance and you’ll find it easy to keep up with their inventories, sales, and other necessary adjustments. 

Security

In recent years there has been a dramatic increase in the number of data breaches, identity thefts, and other cybercrimes. 

As a retailer, it’s essential to take website security seriously, your reputation relies on keeping your customer data safe. 

Magento offers an array of essential security features as standard.

This includes preventing and resolving security issues, getting real-time updates, and automated security scans. 

The Future For Magento

Magento offers an extensive array of extensions and third-party integration.

This will help to ensure it remains a leader in its field. 

However, it is also embracing the latest technology, specifically AI.

Many of the features on Magento have the capability of working with AI, automating many of them. 

The aim is to minimize the amount of time and effort you need to spend looking after your eCommerce site.

This will allow you to focus on building your customer list. 

Magento also has plans to create progressive web apps. These will allow your users to experience your site like an app.

That’s a popular option and helps to boost loyalty in customers

The site is also being upgraded to make personalized marketing easy to accomplish.

This will be via the use of tools like Adobe Target and a Real Time Data Platform. 

What’s the future like for Magento? It’s impossible to state the company will remain at the forefront of the industry.

However, it is clearly thinking about the future and taking all the necessary steps to prepare for it.

In other words, it’s highly likely that Magento will maintain or even improve on its industry position in the future. 

Summing Up

As the Magento statistics show you, this is an eCommerce platform worth using.

In recent years it has seen impressive growth in usage and this is likely to continue. 

This platform is already serving some of the biggest companies in the world, yet it is also usable by the smallest.

You can opt for an out-of-the-box package and get started instantly, or adjust and design each feature to suit your needs. 

That’s perhaps one of the best features of Magento, it’s fully flexible.

In short, it allows you to create a unique, fully-functioning, eCommerce site with the minimum of fuss. 

Sources

WebTribunalTrendsKinsta
En.WikipediaWebsiteBuilderMageSpark
W3TechsTigren

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Written by Jason Wise

Hello! I’m the editor at EarthWeb, with a particular interest in business and technology topics, including social media, privacy, and cryptocurrency. As an experienced editor and researcher, I have a passion for exploring the latest trends and innovations in these fields and sharing my insights with our readers. I also enjoy testing and reviewing products, and you’ll often find my reviews and recommendations on EarthWeb. With a focus on providing informative and engaging content, I am committed to ensuring that EarthWeb remains a leading source of news and analysis in the tech industry.