E-commerce market values - 2013 (update)
Thursday, 23rd January 2014
In 2013, the Brazilian e-commerce market has registered sales of USD 13.01 billion (BRL 31.11 billion), up 29% from the year before. 53 million e-customers. Main categories: fashion and accessories, home appliances, health and beauty, electronics and computers. Predicted rise of 27% in 2014 reaching USD 16.5 billion (BRL 39.5 billion).
In 2013, Northern European e-commerce market was expected to reach EUR 31 billion. Northern European region, including Sweden, Denmark, Finland, Norway, Iceland and the Baltic states, is now in fourth position for e-commerce size, with a 9.2% European market share.
In 2013, Western European e-commerce was expected to reach EUR 173.8 billion. The Western European region (Belgium, France, Ireland, Luxembourg, The Netherlands and the United Kingdom) is now in first position for e-commerce size, with a 51% European market share. E.g. Irish consumers are buying online above the curve with 25% sales growth year on year - however, in 2012 25% of Irish online spending went overseas due to lack of choice.
In 2013 Southern European e-commerce reached EUR 39.5 billion. The region, consisting of Spain, Italy, Turkey, Greece, Portugal, Croatia, Cyprus and Malta has 128 million active internet users, of which 40 million are buying goods or products online. With total e-commerce sales of €12,9bn, Spain is heading up the Southern European Region, but Turkey represents an enormous market potential, boasting a 90% growth rate over 2012 and an expected 40% year-on-year growth for 2013, thereby ranging ahead of all other Southern European countries in terms of growth.
How social media influences purchase decisions - infographic
Thursday, 23rd January 2014
Invesp published a infographic regarding how social media influences purchase decisions. As recent news showed (Twitter teaming up with Stripe, Report: On-site social descovery going mainstream, Pinterest gets an e-commerce promotion) there is a rise of new, social e-commerce on the market. Which can be a future of cross-border e-commerce - customers will be searching more and more for items shared on social sites.
Infographic by- Invesp
Consumer Psychology and the E-Commerce Checkout - infographic
Thursday, 23rd January 2014
Vouchercloud prepared a infographic regarding consumer psychology and the e-commerce checkout. Knowledge of consumer psychology and their expectations during a checkout can be usefull in building a good cross-border e-commerce system.
M-commerce "lost" 16 billion USD during 2013 holidays
Thursday, 23rd January 2014
Jumio published a report, where it is said that mobile commerce missed out on USD 16 billion over the 2013 holiday season.
"51% of consumers opted to abandon their digital shopping carts because of security reasons. These people did not believe that a mobile commerce platform would be capable of keeping their financial information safe."
"47% abandoned carts because of difficulties regarding mobile payments, while 41% claimed that a mobile commerce platform they were using was simply too difficult to manage."
"23% of consumers reported that their transactions would not go through during the checkout process, causing them to seek out more convenient forms of shopping."
E-wallets to rival cards as world's most popular payment type by 2017
Thursday, 23rd January 2014
According to WorldPay, online purchases made using alternative payment methods are expected to rise to 59% in 2017 (from 43% in 2012).
"Card payment market share (including credit and debit) will decline to 41% in 2017 (from 57% in 2012)."
"E-wallets will equal cards as the most popular payment method globally, with each predicted to have a 41% share of the overall payments market."
"In 2012, USD 295 billion was processed through e-wallet payments. This is set to rise to USD 1,656 billion by 2017."
"The study reveals that mobile ownership is highest in Europe (88%) but smartphone ownership is the highest in North America (54%). (...) The value of mobile transactions will increase to USD 117 billion by 2017 (from USD 18 billion in 2012)."
Also, it predicts that specialised mobile payment solutions will grow as technology advances and smartphone penetration rates rise. Which is supported by recent news about new mPOS, m-commerce & m-banking solutions being launched (AnywhereCommerce, Emerge Mobile, Cumberland Building Society, Gemalto, OP-Pohjola Group, Sterling Bank, Argent Bank, Bank of America).
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