The Current State of E-commerce In Singapore this 2020. Lukasz PaszkowskiFinance & Operations Officer KGHM (Shanghai) Copper Trading Co.Ltd. The used commodities of B2C eCommerce like constant consumer communication, user experience, and optimize for mobile will be demanded more and more by customers. Reading Support | Source: Statista Consumer Market Outlook, The indicator shows the estimated average revenue of mobile phones per capita. Selling products directly on Social media platforms is called social commerce. $ 990; March 2020; 47 pages; Increasingly, previously e-commerce dominant players are also taking an omnichannel approach to maintain their growth. Mapping Singapore's Leading E-commerce … Get the latest trends and understand the impact of the crisis on the market. The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. Read on to find out more. in percent It succeeded with its strict mobile-first strategy and has shown a remarkable growth rate in 2019. The estimated monthly traffic from the top 10 e-commerce websites shows the lead of Lazada and Qoo10 over the Singaporean market with about 8 million visitors per month, followed by Carousell at 5 million. Alibaba Group Holding Limited is a Cayman Islands holding company established under the Companies Law of the Cayman Islands on 28 June 1999. The eCommerce market encompasses the sale of physical goods via a digital channel to a private end user (B2C). Yasir ZubairiDeputy Manager Economic Zones World, Motaz Ben SaoudBusiness Development Manager Oilibya. It covers all private household spendings meant for consumption at home. Singapore’s top e-commerce websites compared by estimated traffic. Alibaba Group Holding Limited is a China-based company with several subsidiaries worldwide. Ecommerce Sales in 2019. This country’s eCommerce growth is growing exponentially, and with it being a recent wave with an expected compounded annual growth rate of 8.4% between 2020- 2024, it means you … | Source: Statista, based on ITU, Estimated share of the total population using a smartphone | Source: Statista, Number of people in the selected region using the internet | Source: Statista, based on ITU and national statistical offices, Average per capita sales of laptops and tablets in units | Source: Statista Consumer Market Outlook, Average revenue of laptops and tablets per capita | Source: Statista Consumer Market Outlook, The indicator shows the estimated average per capita sales of Desktop-PCs in units. SINGAPORE, Dec. 7, 2020 /PRNewswire/ -- Proxtera is established to realize Business Sans Border (BSB), an initiative of the Monetary Authority of Singapore … It’s said that as millions of South-East Asians dive into the middle class, the higher the chances the online retail industry will benefit from rising-middle class consumers. Each retailer can only apply with one (1) e-commerce platform. Augmented Reality (AR) has become a … $ 990; March 2020; 47 pages; Increasingly, previously e-commerce dominant players are also taking an omnichannel approach to maintain their growth. The average revenue per user (ARPU) is expected to amount to US$784.52. Singapore: Revenue in the eCommerce market is projected to reach US$2,405m in 2020. The GDP (Gross domestic product) grew only 0.7 percent in 2019, which is the lowest rate since 2009. Antalya - Middle-class consumers—not just in Singapore but the entire South East Asia—will pave the way for e-commerce … To summarize, the China e commerce market is leading online commerce worldwide. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook The data is based on Statista's Global Consumer Survey. The markets for Alcoholic, Non-Alcoholic and Hot Drinks in turn not only include sales for at-home consumption (off-trade) but also sales to the on-trade sector (restaurants, bars, cafés). Access new updated reports and statistics for the E-Commerce Industry in Singapore. At almost US$5 billion in 2019, Singapore’s e-commerce market size is only second to Indonesia’s US$11 billion.The e-commerce market size for Singapore’s closest neighbour, Malaysia, stands at just US$3.75 billion. yoy, +2.2% Istanbul, Singapore is experiencing the slowest growth rate in a decade. The “ARPU” box shows the average annual revenue per paying user of the selected market (market segment, region) for each year. in percent. As Singapore prepares to transform itself into a global e-commerce hub in the face of strong global competition, an array of initiatives and grants have been rolled out by various government agencies in support of e-commerce investment and developments in Singapore… E-commerce: jumped $52 billion Memorial Day sales: jumped 75% from $2 billion last year to $3.5 billion this year Mobile’s share of e-commerce: grew from January but not much, up just 10% With 630 million people, a growing middle class and rising internet penetration, SEA is often considered to be the next gold rush for e-commerce. The same report noted that vis-à-vis the rise of Southeast Asian middle … ", "Guys were super quick in response and they gave us proper consultation about all aspects of the project before we decided to go ahead. By the year 2021, worldwide retail ecommerce sales will reach $4.9 trillion. GO guys were the right choice. in the eCommerce market Get an overview of trends and key players and consult comparisons of the focus regions USA, China, and Europe. in the eCommerce market The market of developed countries is in its maturity phase, and the competition among eCommerce players is extremely high and cost-intensive. Estimated e-commerce user penetration in Singapore was at 57.31% in 2015 and is expected to hit 74.20% in 2020. With big discounts just before Black Friday and Cyber Monday, they are populating their malls with masses of customers. Reading Support So, this sums up our 12 trends in 2020 in the China e commerce market. Ecommerce in Singapore is still the fastest growing segment in the digital sector, and it is expected to reach 100 billion U.S. Dollar by 2025. in million US$ ", Henry M.J. LyneManaging Director Paterson Simons, "Brilliant. Voice search analytics are not mature up to not existing. plane tickets), Sales between private persons (e.g. The Survey on E-Commerce 2000, conducted jointly by the Infocomm Development Authority of Singapore (IDA) and Department of Statistics (DOS) reveals that the e-commerce revenues in Singapore … By the year 2021, worldwide retail ecommerce sales will reach $4.9 trillion. Included are both consumption of goods as well as services (cleaning and cobblers). As more consumers turn to online shopping for their everyday needs, e-commerce … This comprises a mix of highly productive Most fall into one of the three categories: traditional retailers such as Fairprice and Watsons, e-commerce platforms represented by Alibaba owned Lazada, and individual sellers. smartphones), Digital media (e.g. Ecommerce Statistics. Spending power and the competition among eCommerce players is extremely high and cost-intensive reach US 593m! 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