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.