Research and Markets Adds Report: Global E-commerce Market 2014- 2018 [Professional Services Close - Up]
(Professional Services Close - Up Via Acquire Media NewsEdge) Research and Markets has announced the addition of the "Global E- commerce Market 2014-2018" report to its offerings.
In a release, Research and Markets noted that report highlights include:
The analysts forecast the Global E-commerce Market to grow at a CAGR of 13.54 percent over the period 2013-2018. Increasing internet penetration is one of the key factors contributing to this market's growth. The Global E-commerce Market has also been witnessing growing demand for digital goods. However, the increasing risk of online frauds and associated costs could challenge the growth of this market.
Key vendors dominating this space include ISIS, MasterCard Inc., PayPal Inc., and Visa Inc.
Other vendors mentioned in the report are Google Inc., Citibank NA, and American Express Serve.
Commenting on the report, an analyst from the team said: E- commerce is a very recent platform for the retail trade. With the increasing usage of and trust in the internet and electronic devices, people are gradually changing their spending patterns. It is becoming crucial for the vendors to observe the evolving needs and preferences of their customers to improve and update their payment infrastructure. This would also require online retailers to focus on demographics and geographies which are crucial parameters to be considered in the market.
According to the report, one of the major drivers in this market is the increasing internet penetration in the emerging countries of the APAC region and Latin America. People are increasingly adopting electronic gadgets such as mobile phones and tablets and are using them to conduct e-commerce transactions. This helps them to reduce the time and effort needed for offline transactions.
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