DUBLIN, June 20, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Asia-Pacific B2C E-Commerce Market 2017" report to their offering.
Asia-Pacific is the largest and one of the fastest growing online retail markets worldwide. The report reveals that this region is predicted make up almost half of global B2C E-Commerce sales by 2021. It also maintains a share of more than 50% in terms of global sales when services and C2C sales are included. In the time period between 2016 and 2021, E-Commerce sales in Asia-Pacific are forecasted to experience hefty double-digit growth rates as well as an increase in the digital commerce share of retail.
In this same time frame, India ranks highest regarding growth rate in the region, exceeding even China. Both countries are set to experience future growth stemming from rural areas due to rapidly rising Internet and online shopper penetration rates. Nations in Southeast Asia are also experiencing E-Commerce growth spurts.
Australia, Japan, and South Korea are forecasted to see moderate growth rates as they are advanced markets and the rate of online shopping penetration is already high. To give an example, the share of online retail sales compared with total retail sales is close to 20% in South Korea. The amount of new online shoppers is beginning to stagnate and as a result, E-Commerce is making changes to stimulate more purchases by reducing delivery times, increasing number of products and making a shift to M-Commerce.
Mobile is the key trend found amongst the entire Asia-Pacific region. In many countries, M-Commerce's share of B2C E-Commerce sales is already more than one-third, and is as high as almost half in some markets. An increase to smartphone penetration rates underlines this pattern and leading marketplaces like Amazon, Alibaba, JD.com, Flipkart, Lazada and Rakuten see evidence towards increased mobile traffic and share of transactions.
Key Questions Answered
- What was the market size of B2C E-Commerce in Asia-Pacific in 2016?
- Which countries in this region are projected to grow the fastest through 2021?
- What are the preferences of Asia-Pacific's online shoppers regarding product categories, payment methods and delivery?
- How are the M-Commerce sales evolving across the countries in this region?
- Who are the market leaders of B2C E-Commerce in Asia-Pacific?
- 11street Co. Ltd.
- aCommerce Co. Ltd.
- Alibaba Group Holding Ltd
- Amazon Seller Services Pvt. Ltd.
- Amazon.com Inc
- Ascend Commerce Co. Ltd.
- Ayala Corporation
- Central Group
- Deutsche Post AG
- eBay Korea Co. Ltd.
- Elevania ID
- FPT Corporation
- Facebook Inc.
- Flipkart Online Services Pvt. Ltd.
- Forward Ventures Co. Ltd.
- Giosis Pte. Ltd.
- Instagram Inc.
- JD.com Inc.
- Jasper Infotech Pvt. Ltd.
- LINE Corporation
- (15+ Others)
Key Topics Covered:
1. Management Summary
2. Regional Overview
3. Advanced Markets
4. Emerging Markets
For more information about this report visit https://www.researchandmarkets.com/research/j6gq49/asiapacific_b2c
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/asia-pacific-b2c-e-commerce-market-2017-m-commerces-share-of-b2c-e-commerce-sales-is-already-more-than-one-third---research-and-markets-300476505.html
SOURCE Research and Markets