Global Retail e-Commerce Market to Reach US$1.6 Trillion, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global outlook on the e-Commerce Industry. Growing number of Internet users, rising connectivity to the Internet worldwide, increasing time spent on the e-commerce sites, and the growing reliability and familiarity with online shopping, are the key factors driving consumers to shop online. Other factors fuelling growth in the B2C e-commerce market include increasing number of websites, improvement with respect to logistical issues, increasing penetration of smartphones, and rising popularity of social media.

E-Commerce: A Global Outlook

Follow us on LinkedIn – The Internet is one of the most vital components of the modern economy, and cherished for its financial attractiveness as a vehicle for e-Commerce. For today’s time-strapped and cost-conscious shoppers, e-commerce offers an irresistibly simple and smart shopping mode with conveniences such as desktop browsing and selection, access to multiple sites, vast range of choices, and hassle-free delivery methods. With an increasing number of consumers using the Internet, the level of participation in E-commerce is also expected to register a whopping growth in the years to come. The basis for e-commerce is the presence of various sites, providing information on several activities, ranging from production and supply, to retailers, brands, and marketing, which increases the level of connectivity, thus boosting the growth of the industries.

Growth in Internet connectivity worldwide is by far the key driver of e-commerce worldwide. Increasing penetration of smartphones and rising interconnectivity of people through social media are emerging as new business opportunities for e-commerce players around the world. Despite of the existing high growth, higher potential continues to exist for e-commerce market in years ahead, given the lower share of online sales in the overall retail market.

The development of Mobile e-commerce and new innovations in the area of e-commerce are expected to drive growth in the market in the foreseeable future. The year 2010 witnessed a quantum increase in smartphone consumers the world over. The enhanced usage of smartphones is expected to boost reliance of consumers on mobile e-commerce. The increasing usage of smartphones for e-commerce is underlined by the iPhone application launched by LeShop in the first half of year 2010, which accounts for nearly 4% of the company’s business. The usage of smartphones would be supplemented by the availability of widespread broadband access in most households, particularly in the US and Western Europe.

Internet security is a hot issue in the E-Commerce market. Security issues represent an area of concern, ever since E-Commerce was introduced. Internet usage and phishing attacks seem to grow in tandem and in part the availability of data on such concerns is due to the improved supervision. Concerns over spoofing, phishing, and identity thefts have depleted the consumer confidence with regard to the usage of e-commerce services. Software, hardware, and other peripherals connected to the network are all expected to be vulnerable to security issues once plugged into the network. Resultantly, credit/debit card companies, such as Visa International and MasterCard International, are incorporating new features to ensure Web security. In an attempt to regain consumer confidence over e-commerce security issues, combined effort from the industry and government would help tackle the issue in a comprehensive manner. Several organizations are restructuring and reconsidering policies so as to increase consumer trust regarding internet economy.

The research report titled “E-Commerce: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report briefly discusses the trends in the e-commerce market, focusing specially on the dynamics of the B2C e-commerce market, along with the Internet usage pattern and online purchases by product segment. The report also recapitulates recent noteworthy mergers, acquisitions, and other strategic developments. Regional markets briefly abstracted include the United States, Canada, Europe, France, Germany, Italy, the UK, Spain, Rest of Europe, Asia-Pacific, Japan, China, South Korea, India, Latin America, and Rest of World. Market discussions in the report are punctuated with fact-rich market data tables. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/E_Commerce_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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