Is Shopify in demand?
Shopify has experienced significant growth and demand in recent years, solidifying its position as a leading e-commerce platform.
Market Share and Growth
-
Global Presence: As of 2024, Shopify hosts 5.6 million active stores across more than 175 countries.
-
Market Share: Shopify accounts for approximately 10% of the worldwide e-commerce software market.
Financial Performance
-
Revenue Growth: In the third quarter of 2024, Shopify reported a 26% increase in revenue, reaching $2.16 billion.
-
Gross Merchandise Volume (GMV): The company's GMV rose by 24% to $69.71 billion during the same period.
Adoption by Major Brands
- Enterprise Clients: Notable brands such as Decathlon, Fashion Nova, Netflix, and ColourPop have built their online stores on Shopify, contributing to its growing GMV.
These indicators highlight Shopify's robust demand and its pivotal role in the global e-commerce landscape.
TAGS
Coding Interview
System Design Interview
CONTRIBUTOR
Design Gurus Team
-
GET YOUR FREE
Coding Questions Catalog
Boost your coding skills with our essential coding questions catalog.
Take a step towards a better tech career now!
Explore Answers
Related Courses
Grokking the Coding Interview: Patterns for Coding Questions
Grokking the Coding Interview Patterns in Java, Python, JS, C++, C#, and Go. The most comprehensive course with 476 Lessons.
4.6
$197
Grokking Modern AI Fundamentals
Master the fundamentals of AI today to lead the tech revolution of tomorrow.
3.9
$78
Grokking Data Structures & Algorithms for Coding Interviews
Unlock Coding Interview Success: Dive Deep into Data Structures and Algorithms.
4
$78
One-Stop Portal For Tech Interviews.
Copyright © 2026 Design Gurus, LLC. All rights reserved.