Online sale is now global market trending
E-commerce provides incredible market opportunities to capitalize on the rising appetite of online shopping customers. We have gathered fantastic statistics for you about internet trade around the world in order to prove this.
Clothing & accessories, home appliances, and books are the most common types of products that are most common in global online trade.
One of the forms of payments chosen is the use of a credit card. The first one. There is a large sum of cash in the CIS countries after receipt.
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Interesting facts about e-commerce in the world in 2020
More than 30% of all electronic purchases are conducted on mobile devices. And this number is already increasing. Be sure to change the configuration of your online store to display various screen sizes, in particular smartphones.
The main sales platforms in the area of e-commerce are: search marketing (SEO) first, local and media advertisement second, and the next three are demand aggregators.
Total worldwide retail shops are forecast to hit $2 trillion by 2020. By the end of 2020. Growth will be 6% higher than in 2017. Just think-it’s amazing-about this number.
Almost half of all sales in the field of e-commerce, according to the results of 2017, will be in China (47%). In monetary terms, it is about 900 billion dollars. Thus, this country will take first place in the world in terms of sales in e-commerce, moving the United States from this place.
The second-largest regional market for e-commerce is North America. This year, sales in the US and other countries in the region are projected at $ 423 billion, an increase of + 15.6%.
The global overall e-commerce revenues are projected to increase by 2020.
As the Asia-Pacific region is predicted to remain the largest international e-commerce market, with growth figures ranging between $2.5 trillion and $2.7 trillion by 2020. by 2020.
Here is the feel of the top ten foreign e-commerce markets in 2020: expanding payment options is one of the industry trends. Many owners of leading online retailers are using conventional payment instruments, but there is an increasing need for novel payment methods. The growth of online shopping, thanks, in particular, to Apple Pay and other contactable payment systems, contributes to this market.
One of the main problems that, according to analysts, can limit future market growth is the issue of security and privacy.
Among large niches, the largest average check is in the niche of computers, TVs, and multimedia devices, here it is $ 212. The smallest average purchase amount is in the niche of flowers and gifts.
64% of mobile device users prefer to shop through apps. Approximately 52% believe that browsers are more convenient in this regard.
The leader in mobile payments is Apple Pay. An achievement worthy of praise, given that the service was introduced recently – September 9, 2017.
According to Eurostat, more than 15 percent of all B2C retail trade was in the EU’s online trading group.
The e-commerce hub in Europe is in Great Britain. B2C’s online revenues are three times higher than in Germany, the continent’s second-largest market. Amazon, which makes up 54 percent of all purchases, is the dominant platform here.
An online shopper has an estimated age of 25 years worldwide.
Shopping is a modern internet users’ fastest-growing online activity.
For Europe these figures are as follows if we think about the number of consumers who buy online shopping compared to the average amount of people having access to the Internet:
Just three countries-the the UK, Germany, and France-accounted for 81.5 percent of all internet purchases in Europe. In comparison, on this metric, 29 percent of European vendors are using two or three platforms in order to market their goods, while 50% of dealers draw customers across three or more outlets. According to Twenga Solutions. For successful market growth Multichannel was a required step.
Regional logistics and customer support remain a weak point still for US online retailers, and that is the true Achilles heel for developed countries. Yet major companies understand this and Alibaba Group, for example, plans to spend hundreds of millions
India is the largest emerging market in e-commerce.
And, since there is currently a little over 10% Internet penetration in the country, it will continue to rise online trade in the country for a very long time.
Most customers expect their order to be issued within 2 to 3 days, and only 1 in 4 is able to wait until 6 working days. Interestingly, all respondents who took part in e-commerce polls around the world found the ease of returning shopping as one of the most significant consistency requirements for any online store.
Around 73 percent of U.S. rural residents who go for regular shopping more than 15 km choose to book online now. Nonetheless, it remains vital to provide offline shops, but if the transaction is to take place last minute, it is required.
The e-commerce industry will no doubt continue to increase, as it reveals promising trends in Western countries too, not to mention Eastern Europe and Asian countries in terms of growth. There are many more openings for coming online shops, and the numbers given in this article will really inspire you if you think of such a company.
Masting specifications for infrastructure for online retailers, the need for multi-channel promotion, and ensuring the privacy of personal data and payment data of custodians pose the biggest challenge for many e-commerce players around the world.
As realistic experience shows, though, the market succeeds in overcoming all the challenges that occur in its growth phase, and the most successful solutions rapidly become real industry benchmarks.