London, 22 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Online Retail Market in the US 2015-2019, which is expected to grow at a CAGR of 9.45 percent during the forecast period of 2014-2019.
The increase in internet penetration, smartphone users, disposable income, and literacy rate, all had a substantial influence on the Online Retail industry. Consumers are shopping online to get the latest trends at cheap prices. A rise in online retailing has led to the increased popularity of online shopping through mobile devices.
The number of people shopping online has increased, with pure-play retailers attracting customers to their websites through improvements in the online shopping experience, and offering discounts on their merchandise.
“Omni-channel retailing is fast becoming the norm for the majority of retailers in the US because it offers consumers an option to shop online and pick up the merchandise from the store on the same day at their convenience,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Increased Internet Penetration
- Increase in Sales during Festive Occasions
- Easy Payment Options
- Increase in Time Poverty
- Increase in Average Online Spending
- Free Shipping and Hassle-free Returns Policies
Key Market Trends
- Popularity of Social Networking
- Omni-channel Retailing
- Mobile Commerce, a True Game Changer
- Online Only Products and Brands
- Growing Popularity of Digital Payment Services
- Emergence of Unmanned Aerial Vehicles
Key Market Vendors
- Amazon.com Inc.
- Apple Inc.
- Macy’s Inc.
- Office Depot Inc.
- Sears Holdings Corp.
- Staples Inc.
Wal-Mart Stores Inc
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
