DUBLIN, October 23, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/86b8lr/asiapacific_b2c) has announced the addition of the "Asia-Pacific B2C E-Commerce Market 2014" report to their offering.
Asia-Pacific is the fastest growing region on the global B2C E-Commerce market. Between 2013 and 2018 it is forecasted to grow by over 20% annually and surpass North America to become the number one region worldwide in terms of B2C E-Commerce sales. The large population base coupled with increasing Internet connectivity and disposable incomes set the stage for this rapid growth.
The booming Asia - Pacific market is a field of activity for both regional and global players. The three largest companies based in the region are China-based Alibaba and JD.com and Japan's Rakuten. While Alibaba and JD.com shine on the global stage through IPO offerings, Rakuten pursues customers around the globe by launching marketplaces beyond the home region. Among the global brands with the large shares in the region are Amazon, eBay and Yahoo.
China is the largest online shopping market in the Asia-Pacific region and second largest worldwide. The number of online shoppers, at over 300 million in 2013 continues to grow as Internet penetration continues. The hottest trends on the booming E-Commerce market in China are the development of mobile and social channels for online shopping, growing popularity of group-buying websites and the rise in purchases of luxury goods online.
The number two market in Asia-Pacific and number three worldwide in terms of online retail sales is Japan. Though the market is one of the most advanced, further growth of close to 10% is still expected, primarily from development of new channels, such as M-Commerce, whose share on total retail has reached double-digit figures.
South Korea is also among the B2C E-Commerce leaders. Online shoppers in this country are among the most experienced with online shopping, paying with credit cards online and having the goods delivered to the doorstep through courier services. Moreover, they are the trend-setters in mobile shopping, as the practice of shopping through messaging apps and scanning codes with smartphones at virtual stores were developed there and are spreading throughout the region and the world.
Another regional front-runner is Australia. Despite a smaller population compared to some of the huge nations in Asia-Pacific, Australia has one of the highest B2C E-Commerce sales rates, reaching a high one-digit percentage of total retail sales. Internet penetration is one of the highest in the region and over three quarters of Internet users make purchases online.
Key Topics Covered:
1. Management Summary
2. Asia-Pacific (Regional)
3. East Asia
4. South Asia
5. South East Asia
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SOURCE Research and Markets