The gap between ecommerce and physical commerce has shrinked in 2016, as retailers seek to leverage better fulfillment options, local advertising tools, offline attribution and omnichannel tools.
This conclusion is provided by a new eMarketer report, US Holiday Ecommerce Preview 2016: Mobile to Fuel Explosive Ecommerce Growth.
Mobile is bridging the divide between physical and digital commerce, a trend that should accelerate in 2016 holiday season. Some 45% of shopping trips include some mobile shopping, according to a Facebook IQ study of US internet users conducted in September 2015.
The global retail ecommerce sales are expected to reach USD 1.915 trillion in 2016, accounting for 8.7% of total retail spending worldwide.
Retail ecommerce sales include products and services (barring travel, restaurant and event ticket sales) ordered via the internet over any device. While the total global retail sales is going to reach USD 22.049 trillion in 2016, up 6.0% from 2015, the digital portion of sales continues to expand rapidly, with a 23.7% growth rate forecast for 2016, emarketer.com reports.
The global B2C ecommerce sales of products and services continued to grow in 2015, according to a recent study.
Compared to 2014, they increased by 19.9%, resulting in an online turnover of USD 2.3 trillion. As a region, Asia-Pacific accounted for the largest share of this amount, with its B2C ecommerce sales surpassing the USD 1 trillion mark. China continued to possess the largest B2C ecommerce market, with its total online sales amounting to USD 766.5 billion.
The Sweden ecommerce saw its sales increase by 18% during Q2 2016, compared to the same period in 2015.
Expectations are the ecommerce industry in Sweden will be worth EUR 6.08 billion, ecommercenews.eu reports.
PostNord published its latest E-barometer, in collaboration with the Swedish Digital Trade and HUI Research and found that during the Q2 2016 especially sales in the food sector and the building trade that performed well, as they increased by 38 and 37% respectively.
Payment cards are the most popular payment method among Swedish ecommerce customers, according to a recent research study.
More than half of Swedish consumers (54%) prefer to use their card when they are ready to pay online. Another popular payment method in Sweden is invoice, which is used by 28%, according to a survey issued by Novus and commissioned by MasterCard, ecommercenews.eu reports.
On the heels of strong U.S. e-commerce numbers reported last week, the U.K. also showed significant growth in a recent report. Online retail sales in the U.K. increased nearly 19 percent in July compared to the same month last year, according to the IMRG Capgemini Sales Index. It was the largest increase in year-over-year growth since November 2014.
U.S. retail e-commerce enjoyed its largest year-over-year growth rate in nearly two years, according to estimates from the U.S. Department of Commerce released Tuesday. Second-quarter e-commerce sales this year soared nearly 16 percent from Q2 2015 to $93.9 billion. Compared to Q1 of this year, e-commerce rose 4.5 percent. On an adjusted basis, e-commerce accounted for 8.1 percent of total retail sales in the U.S. from April through June.
Global ecommerce market is worth around USD 22.1 trillion, according to latest UNCTAD estimates.
China is the world’s largest business-to-consumer (B2C) ecommerce market, both in terms of sales and in number of online shoppers, followed by the US and Japan.
India, the 10th largest market in terms of buyers, was ahead of Brazil and Russia in per capita ecommerce spend, the report said.
The Paypers (www.thepaypers.com) has released the Ecommerce Payment Methods Report 2016, an educational overview of the global payments industry. The Report’s main focus is on providing a clear framework for an easy understanding of the mechanism behind card-based and alternative payments within the wider standpoint of ecommerce, as well as identifying key markets ripe and open for business in this ecosystem.
Danish ecommerce has reached EUR 13.44 billion, online retail industry in Denmark accounting for 10% of the total retail turnover.
The French B2C e-commerce experienced noticeable growth last year. The growth rate was declining over the last few years, from 19.4% in 2012 to 11.2% in 2014. However, in 2015, B2C e-commerce grew by 14.3%. This growth rate resulted in a B2C e-commerce turnover of €64.9bn in France last year. For 2016, the growth is expected to decline again, as a growth rate of 10.0% is forecasted.
While global online revenue still hovers around 10 percent of total overall retail sales, a new report suggests consumer demands will change that in a hurry. The survey focused on U.K. consumers and found the 95 percent who have Internet access have shopped online at least once within the past six months. And, 75 percent believe they will accomplish the majority of their shopping online within the next 10 years.
European consumers spent more than €455 billion ($508 billion) online in 2015, a 13 percent increase from the year before, according to a report from Ecommerce Europe. The Brussels-based trade association predicted continued growth and said e-commerce sales in the region will surpass €500 billion ($560 billion) this year with plenty of room for additional growth.
US online retail is expected to hit USD 373 billion in 2016, a recent report reveals.
That figure will grow to more than USD 500 billion by 2020, according to Forrester Research, by Sucharita Mulpuru, mediapost.com reports.
US online retail sales topped USD 100 billion only in 2006 but, by 2020, Forrester expects online retail sales will exceed USD 500 billion. Amazon is estimated to gain USD 23 billion more in US ecommerce sales in 2015 than in 2014 (including its third-party marketplace). That accounts for 60% of the total growth in US online sales in 2015.
Italian ecommerce is set to generate EUR 19.3 billion in 2016, rising by 17%, compared to 2015.
Much growth is expected from tourism, IT & electronics and clothing, according to Netcomm, Italian Consortium of Electronic Commerce, ecommercenews.eu reports. Online purchases from smartphones increased by 51%, compared to 2015, and account for 15% of all online transactions in Italy. With purchases from tablets, mobile transactions account for almost 24% of all online transactions in Italy.
Online sales grew 15.1% in Q1 2016 (USD 86.3 billion) and accounted for 11.1% of retail sales when factoring out items not normally bought online.
In 2015, ecommerce accounted for more than 10% of retail sales, without the sales of automobiles, fuel and foodservice. Web sales totaled USD 86.3 billion for Q1 2016, a 15.1% increase over USD 75.0 billion in Q1 2015, according to US Department of Commerce, internetretailer.com reports.
Russian online purchasers have increased to 66%, according to a new study.
TNS, a global research company, released a new report on the popularity of online payments in Russia and found that the most popular online payment method is online banking, with 80% of users. 79% use credit cards regularly online, 62% pay with e-wallets, and 47% will utilise SMS-payments.
A Credence Research report has forecasted that the biometrics technology market will reach USD 34,5 billion by 2022.
The report called ‘Biometrics Technology Market – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022’ suggests that this significant growth is due to the increased adoption in both public as well as private sector. Governments around the world are adopting biometric technologies for access authorization, identification and verification, e-passport management and national border control projects.
The USD 6 billion Southeast Asian online retail market is expected to grow to USD 70 billion by 2020, a new report reveals.
With Alibaba`s USD 1 billion investment in Lazada in April 2016, JD.com and eBay setting up office in Indonesia, as well as Japan`s SoftBank, Sequoia Capital and SB Pan-Asia Fund investing USD 100 million in Tokopedia, Indonesia`s largest online marketplace, Southeast Asia appears to have become an ecommerce investment destination of choice, e-commercefacts.com reports.
The UK online retail industry is expected to reach EUR 173.7 billion (10.5% growth) in 2016, a new report reveals.
The British ecommerce industry increased to EUR 157 billion (11% growth) in 2015, ecommercenews.eu reports. Over 43 million Brits shopped online in 2015, of which 20% used a mobile device for doing this.
The digital commerce market is set to increase from USD 4.9 trillion in 2015 to over USD 8 trillion by 2020, a new research found.
The digital commerce market will see contributions from digital banking, remote digital goods and remote physical goods, juniperresearch.com reports.
The global value of mobile and wearable contactless payments is expected to reach USD95 billion annually by 2018, up from less than USD35 billion in 2015, according to a new study.
According to the new research from Juniper Research – Contactless Payments: NFC Handsets, Wearables & Payment Cards 2016-2020 – the emergence of a range of connected wearables has piqued the interest of NFC stakeholders. It anticipated that devices such as watches and wristbands would be in the vanguard of these developments, although it cautioned that the sector would take several years to reach critical mass.
The global number of banking apps accessed via smartwatches will reach the 10 million mark in 2017, rising to more than 100 million by 2020, according to a recent research study.
The use of smartwatches to access ‘push’ banking information services has been steadily gaining traction since November, 2014. A number of global banks have launched apps for the wrist, while the launch of Apple Watch in April 2015 further accelerated the demand for wearable banking apps, according to the ‘Worldwide Digital Banking: Mobile, Online & Wearable 2015-2020′ research study issued by Juniper Research.
The PCI Security Standards Council, the global authority on payment security, has reinforced the importance of an in-depth defence strategy to ensure the region’s ecommerce industry’s resilience to cyber activity, to be worth USD 5 billion by 2019, according to recent estimates.
В течение последних пяти лет объем сделок с использованием платежных карт в Латвии активно растет, свидетельствует обобщенная банком SEB информация.
В частности, в 2015 году количество платежей по картам достигло рекордного показателя за последние пять лет – по сравнению с 2014 годом рост составил 34%. В целом в 2015 году в установленных банком SEB терминалах было совершено сделок на сумму 1,24 млрд евро, что на 23% больше, чем в 2014 году.
Средняя сумма покупки по карте за пять лет продолжает уменьшаться, так как жители Латвии все чаще используют платежные карты для более мелких покупок, тем самым расширяя использование карт в целом, подчеркнули в банке.
Также растет популярность карточных расчетов онлайн – в прошлом году их количество увеличилось на 27%. При этом средняя сумма покупки по карте в интернете как минимум в четыре раза выше, чем средняя сумма покупки по карте в обычном магазине.
UK overall ecommerce registered a notable 65% traffic on mobile devices in January 2016, a recent research study reveals.
This is the highest figure for any country studied in a March 2016 SimilarWeb report, emarketer.com reports. By comparison, the US m-commerce traffic fell on second place, with 54% of total ecommerce traffic. In France, Brazil and Russia, m-commerce traffic makes up a significantly smaller amount of total ecommerce traffic, at 35%, 33% and 23%, respectively. India and Germany m-commerce traffic hovers around half of the ecommerce total.
“The conceptual battle between brick and mortar versus online is dead,” according to a new report, and traditional retailers must embrace the smartphone and the ways millennials want to shop before 2025, when the transformation will be complete and laggards will cease to exist. ABI Research said retailers must combine data with innovations around inventory, POS systems and online information to leverage an evident multiplier effect on functionality and ROI.
Although ecommerce is booming, only 12% of retail businesses export online to other countries because of the high prices incurred by cross-border parcel shipment.
And this happens when 37% of retailers now sell via the internet in their own country, according to recent research by B2C Europe analysing the shopping habits of online consumers in eight countries in the eurozone, emarketservices.com reports. Read more
Debit cards are expected to dominate the payments market in terms of most preferred payment method in France by 2019 as consumers are getting increasingly attracted by the convenience of contactless payments and the greater use of debit cards for online transactions, a recent study reveals.
This growth in debit cards usage will be partially supported by consumer awareness of debt control and the continued migration of low-value cash payments to debit cards. Moreover, an increase in the use of contactless cards will also be one of the major drivers of this trend, according to a report issued by Timetric, a provider of online data, analysis and advisory services on key financial and industry sectors.