Global Scenario
The ever increasing
internet usage and the convenience offered are the two key factors which are
making the consumers shop online. This has fuelled the retail market worldwide.
·
According to yStats.com,
the e-commerce industry generated $400billion-$600 billion in the year 2010. The
estimated amount for the year 2015 is $700billion-$950billion.
·
The internet users for the
year 2011 were estimated to be 2 billion. This figure is believed to exceed 3
billion by the year 2015.
·
The profits gained from
e-commerce industry in France and UK amounts to less than 10% of the overall
retail revenue. All the same, the percentage is expected to ascend above 10% in
the coming years.
·
Social media is a major
element which has led to the development of the e-commerce industry.
Key
Market Segments
The global e-commerce
industry is expected to witness 90% growth by 2015. Online grocery shopping is
one of the fastest growing sectors in the grocery market. The consumers can
access a great deal of products online effortlessly. The choice of scheduling
home delivery has been a top favorite among the consumers. The competitive price
and stock boost are rapidly promoting online shopping section.
Regional
Shares
·
The US e-commerce industry
generated $153 billion revenue in the year 2010. This marketplace is anticipated
to grow steadily to 11% from 2010-2015 by reaching almost $252 billion. The
leading sector is Electronics which generated $36 billion gross in 2010. The
sector occupies more than 23% of the overall market share.
·
The European e-commerce industry
generated about $163 billion in 2010. During the years 2010-2015, the industry
is expected to rise at a pace of 14%. Electronics is again the leading sector
of European e-commerce industry, generating $41 billion in 2010.
·
The e-commerce industry in
the Asia-Pacific region generated $81 billion in the year 2010. The growth rate
is expected to be 15% from 2010-2015. Electronics is the leading sector in the region,
generating $17 billion in 2010 and thus contributing 21% to the overall market
revenue.
Industry
Leaders
The leading global
e-commerce industry leaders include: eBay, Groupon and Amazon. These have
established a name for themselves in the global e-commerce industry.
Market
Outlook
The global e-commerce
market is steadily growing owing to the convenience it offers. The extensive
use of the internet and a developing trend towards reliance pertaining to the
online options has resulted in a growth of a number of online activities right from
networking to shopping. The increase in the employment of more and more mobile
devices has also ensued in an increase in accessing the internet from any part
of the world at any time. Whether it is to access content over the network or
to purchase goods and avail services online, more and more people are turning
to the convenience factor over price. The safety payments gateways have
instilled a trust within the consumers regarding the safe and secure payment
options. This has contributed to a marvellous boost in the e-commerce sector
and the market is steadily increasing globally.
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