Market Research Report
Singapore B2C E-Commerce Market 2018
|Published by||yStats.com GmbH & Co. KG||Product code||625782|
|Published||Content info||64 Pages/Charts
Delivery time: 1-2 business days
|Singapore B2C E-Commerce Market 2018|
|Published: April 10, 2018||Content info: 64 Pages/Charts||
Singapore leads Southeast Asia in online shopper spending, says yStats.com report
A recently released publication from Germany-based research firm yStats.com, "Singapore B2C E-Commerce Market 2018," projects further growth of online retail sales in the nation, already the leader in Internet and online shopper penetration in Southeast Asia.
The comparatively high Internet connectivity rate and willingness of the population of Singapore to shop online make it rank third in B2C E-Commerce among its six Southeast Asian neighbors, even though it has the smallest population. Data from original sources cited in the yStats.com report reflect that Singapore has the highest online spending per capita in the region, and indicate that Singapore will have a slower growth rate than its neighbors going forward, but still show double-digit yearly growth through 2021.
Omnichannel and mobile shopping contribute to the continued expansion of online retail sales. Around 90% of Internet users went online through their smartphone last year, and about three-quarters of hits on retail websites were through mobile connections, according to the yStats.com report. Smartphones also enable omnichannel shopping, as customers research online while in a store, or order items from anywhere for pick-up at a retailer's physical location.
Global giants Alibaba and Amazon as well as regional players are involved in competition for the Singapore shopper's dollar. Alibaba acquired Singapore-based regional leader Lazada. The yStats.com publication reports that Amazon activated Amazon Prime in Singapore in 2017.
In all cases, the term "organization" refers to the purchaser's specific company only and excludes any third parties, including affiliates. All purchases are bound by yStats.com GmbH & Co. KG official terms & Conditions.
Asia-Pacific, Southeast Asia
Lazada Group, Alibaba Group, Amazon.com Inc, Sea Ltd, Giosis Group, EZbuy International Pty Ltd