Globally over the past five year, online market has grown at a 17% CAGR, with growth particularly strong in Latin America (27 Percent) and Asia Pacific (25 percent)
Talking about the world’s most
developed online retail market; it is U.K. according to global research report
published by Cushman & Wakefield, which is world’s largest privately owned
real estate service firm. In the list U.K. is place just ahead of U.S. due to
significant online market share, social media, sales per capita, total retail
sales and openness to new online business. But U.S. is the largest online retail
market with approx. one third of the global sales.
Global online retail
sales have increased 17 percent yearly since 2007 ( US$ Billions)
Global eCommerce sales reached over 433 billion in 2011, over 521 billion in 2012 and 1.20 trillion in 2013.
China may soon top the eCommerce
market based on the size of its online population. But the average Chinese shopper
spends only $670 last year compared to $3890 by U.K. shoppers.
China had become world’s second largest
e-tail market overnight and may take the pole position in near future. Whereas
in underdeveloped eCommerce countries like India, market grew at a staggering
88% in 2013 to $16 billion. Among the cites there Mumbai topped the chart
followed by Delhi and Kolkata.
We can see that the eCommerce in on a boom right now. So for
people seeking for a right business opportunity, we will suggest that build an
eCommerce website and start selling your products online. For further inquiry
mail at inferasolz@gmail.com.
We would appreciate your
comments.
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