Who is the upcoming ecommerce market leader of the world? Asia

Friday 19 December 2014 00:52 CET | News

Asia is expected to outperform North America and become the largest global ecommerce market at the end of 2014, reports.

Moreover, it is expected that the continent’s retail sales will grow by an average 4.6% on a volume basis to USD 7.6 trillion, compared with 2.5% in North America and 0.8% in Europe in 2015, according to a report issued by the market risk analysis company Economist Intelligence Unit (EIU). The report notes that there is also huge demand for ecommerce business within Chinese and Indian borders, which cumulate over 2 billion citizens. Nearly half of the women agreed or strongly agreed that they preferred online- to in-store shopping.

The EIU report is based on a survey of 5,500 women across major cities on the Chinese mainland, Hong Kong, Taiwan and Macao, as well as countries including India, Japan, Singapore and the Republic of Korea.

Check out our Cross-border Ecommerce Research section here for more info on country-specific ecommerce facts and figures, preferred payment methods, risk and fraud, as well as ecommerce legislation and regulation for mature and emerging markets.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Asia, ecommerce, market, World, B2C, consumer, online sales, internet, customer, online purchase
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events