Craigslist), All the important data on the eCommerce market, including market size, forecasts, and regional comparisons, Information about key players and insights about start-ups. The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for communication (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for recreation and culture (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for education (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for restaurants and hotels (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for miscellaneous goods and services (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). The term eCommerce includes all purchases of products and services that take place online. In 2014, total sales reached just $1.3 trillion. Reading Support For 2020 and beyond it is expected to quadruple its value reaching 153 billion U.S. Dollar in 2025. The Environmental Impact of E-Commerce 2020. 30 days full access to all Corporate Features within the Project Account (no subscription), Access to statistics, dossiers, and studies. ", "Excellent work, this is exactly what we are looking for!. With an average revenue per user (ARPU) at 675 U.S. Dollar, each new digital user offers more profits. By the year 2021, worldwide retail ecommerce sales will reach $4.9 trillion. Despite the ever-growing eCommerce disrupting the conventional mall commerce, the mall operators are not retreating. plane tickets), Sales between private persons (e.g. Singaporeans are some of the most active online shoppers in the world, thanks to a burgeoning e-commerce market and rapidly changing e-commerce trends in Singapore. Ecommerce Sales in 2019. Download SingStat Mobile App for fast, free and easy access to Singapore official statistics and key ASEAN statistics! The average revenue per user (ARPU) is expected to amount to US$784.52. Please apply with your preferred e-commerce … But that number has more than tripled in 2020 to $4.2 trillion and is anticipated to keep growing as we move deeper into the 2020s. In the eCommerce market, the number of users is expected to amount to 4.1m by 2025. In the year 2020 a share of 36.0% of users is in the high income group. 1. Due to artificial intelligence and big data application, the spectrum of customizable products widens. (Shopify Plus, 2019) Consumers spent $601.75 billion online with U.S. merchants in 2019, which is up 14.9% in 2018.Digital Commerce 360 View More. The “Penetration Rate” box shows the share of active paying customers (or accounts) from the total population of the selected market (market segment, region) for each year. Gamification stays part of the overall marketing strategy. Due to artificial intelligence and big data application, the spectrum of customizable products widens. Shopify is second with 17%, while Wix Stores has a 13% market share. As an effect of the trade dispute between the United States and China, the export-oriented economy of Singapore has taken a hit. SINGAPORE: Scam cases surged 54 per cent, accounting for 27 per cent of overall crime in 2019, statistics released by the police on Wednesday (Jan 5) showed. 2020 Ecommerce Holiday Sales Statistics: Consumer Demand Drives Up Numbers. The middle class in Southeast Asia is expanding and reaches up to 350 million people by 2022. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for clothing and footwear (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). … Gen Z-ers, the up-and-comers of the e-shopping world, have $29 billion in … The following are not included in the eCommerce market: digitally distributed services (see instead: eServices), digital media downloads or streams, digitally distributed goods in B2B markets nor digital purchase or resale of used, defective or repaired goods (reCommerce and C2C). Resources PDF (738KB) Reference eBook of Statistics. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for housing, water, electricity, gas and other fuels (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for furnishings, household equipment and routine maintenance of the house (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for health (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for transport (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). ", Implementing or integrating ERP [infographic], 10 Secrets of a Successful E-Commerce Shopping Basket, Augmented Reality Shopping of the future [Infographic], The ultimate guide to search marketing jargon [Infographic], © 2005-2020 GO-Globe ™ | CUSTOM DEVELOPMENT. Further, a. in the electronics industries put another dent in the GDP. Sometimes referred to as borderless business or cross border commerce among other things, global e-commerce is critically important for any business looking to expand in 2020 and beyond. You can easily find dozens of e-commerce websites and platforms operating in Singapore. is projected to be two times bigger than B2C in 2020. Singapore Ecommerce Industry Statistics for Online Marketers is a market research report focused on Singapore’s E-commerce market services comprises of the population, economic indicators, internet use, active social media platform, etc. The New Singapore Sling Is a Twist of Commerce and a Dash of Banking The city state’s new generation of internet-only bank licenses go to a ride-hailing company and a mobile video game … This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. And 2020 could bring a modest growth and stable prerequisites for eCommerce. Average annual revenue per user of consumer goods E-commerce (Arpu): $1,037 with +31% year on year change. This concludes our list of the top eCommerce statistics to look out for and include in your business for 2020. Customer Support. Alibaba Group Holding Limited is a China-based company with several subsidiaries worldwide. Alibaba Group Holding Limited is a Cayman Islands holding company established under the Companies Law of the Cayman Islands on 28 June 1999. Statistics Singapore Newsletter Issue 2, 2020. ", Roy ChasonAssistant Director Marketing China European Business School (CEIBS), "Experience of working with GO-Gulf was really great. | Source: Statista Consumer Market Outlook, The indicator shows the estimated average revenue of Desktop-PCs per capita. Join us for an exciting one day event at Marina Bay Sands, and embrace new ways of executing large-scale online and mobile commerce in a new world. E-Commerce Sales Are Expected to Reach $4.2 Trillion by the End of 2020 (Statista) There’s been significant growth in e-commerce in recent years. Every year, merchants wait on … Posted November 30, 2020. 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 following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. The number of internet users in Singapore has reached 4.9 million in 2019 2, out of a 5.8 million population. E-Commerce in Singapore. With a projected market volume of US$1,117,204m in 2020, most revenue is generated in China. Demographics 1. In Ecommerce 0. Directly accessible data for 170 industries from 50 countries Middle-class consumers—not just in Singapore but the entire South East Asia—will pave the way for e-commerce growth. Marketplaces like Amazon and AliExpress are flourishing, while many stand-alone retailers struggle to find their USP as brand and store loyalty are decreasing and cart abandonment rate in the industry is at 75%. 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 have grown significantly over the past two years. By the year 2021, worldwide retail ecommerce sales will reach $4.9 trillion. in percent Retrieved December 08, 2020, from https://www.statista.com/outlook/243/124/ecommerce/singapore, "eCommerce - Singapore." Especially in the gifts market adaptable and configurable products are very appreciated by the customers. 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 … The used commodities of B2C eCommerce like constant consumer communication, user experience, and optimize for mobile will be demanded more and more by customers. The market's largest segment is Food & Personal Care with a projected market volume of US$593m in 2020. The desired products do not only include delivered snacks and ready-to-drink beverages as a commodity, but affordable luxury such as cosmetics and high-end consumer durables. With more and more younger people taking higher positions in companies they want to adopt their used way of shopping at procurement. The annual sales value of Singapore’s consumer e-commerce market totals $4.11 billion with a growth rate of 35% YoY. Further, a global turndown in the electronics industries put another dent in the GDP. $ 990; March 2020; 47 pages; Increasingly, previously e-commerce dominant players are also taking an omnichannel approach to maintain their growth. Ecommerce Statistics. With one of the highest smartphone penetration rates and the highest average revenue per user in Southeast Asia, Singapore stands out as an attractive market for international eCommerce players. ", "We are working with GO-Gulf for about 4 years now and have found them to be fair, transparent, responsive and helpful always. They create live-streamed game shows and a huge range of mini games. The Takeaway. Middle-Class Consumers: Leading The Way For E-commerce Growth. As an effect of the trade dispute between the United States and China, the export-oriented economy of Singapore has taken a hit. Currently, the main platforms for social commerce are Instagram, Pinterest, and Facebook. Based on a report by Google and Temasek Holdings, Southeast Asia’s (SEA) digital market could exceed US$200 billion by 2025. 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. Reading Support Mapping Singapore's Leading E-commerce … | Source: Statista Consumer Market Outlook, The indicator shows the estimated average per capita sales of mobile phones in units. There Were 1.8 Billion Global Digital Buyers in 2018 (Statista) As of writing, there … Reading Support Reading Support Most countries will still … After the visit at the real life store, the customer feels the need to go online to enjoy the digital experience as a holistic closure of the complete shopping trip. Incorporated in this definition are purchases via desktop computer (including notebooks and laptops) as well as purchases via mobile devices such as smartphones and tablets. Sale of physical goods via a digital channel to a private end user (B2C), Purchases via desktop computer (including notebooks) and purchases via mobile devices (e.g. (The Global State of Digital in 2019 Report). The Map of E-Commerce ranks Singapore's top 50 e-commerce players based on their average quarterly traffic, mobile application ranking, social media followers and number of staff. ", "We had subscribed to economic package with limited modifications. With more and more younger people taking higher positions in companies they want to adopt their used way of shopping at procurement. According to the 2015 … in the eCommerce market $ 4950. PDF (1MB) Reference Statistical Best Practices 2020. Data from the US Department of Commerce shows that US ecommerce sales have been growing steadily for over a decade. The GDP (Gross domestic product) grew only 0.7 percent in 2019, which is the lowest rate since 2009. Just like eCommerce giants, they create new attractions and experiences. Selling products directly on Social media platforms is called social commerce. Converting visitors into customers is getting harder because of the fierce competition online. (Source: Builtwith stats) General eCommerce statistics. Reading Support The latest e-commerce statistics 2020: 7 must-know market insights. Alibaba Group Holding Limited is a Cayman Islands holding company established under the Companies Law of the Cayman Islands on 28 June 1999. Big brands in eCommerce are looking for possibilities to increase their online sales even further. in the eCommerce market Shopee is followed by the Singapore based e-commerce … Singapore is experiencing the slowest growth rate in a decade. Richenda HuangMarketing Director Arah Beauty, Fliur-Louise GenevieveExecutive Assistant Astrazeneca Global, "The website looks creative yet clean, great job!. Antalya - Ltd. "I literally admire their response for the hosting services, no matter what time of the day, I have received reply in less then 5 minutes. The Users by gender box shows the gender distribution of users of the selected market (market segment, region). in US$. April 17, 2020 < 1 mins read. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, The indicator shows the number of-fixed broadband subscriptions per 100 inhabitants in the selected region. The revenue shows an annual growth rate of more than 9 percent. Estimated e-commerce user penetration in Singapore was at 57.31% in 2015 and is expected to hit 74.20% in 2020. $ 4250. in percent. Though the growth of B2B ecommerce … The group’s programme is set up to cover 90 per cent of costs up to SGD9000 (US$6300) for retailers to use e-commerce … With big video platforms adding Augmented reality and virtual reality content, eCommerce opportunities in the virtual space are becoming more interesting. E-Commerce Singapore trends for 2020 February 15, 2020. 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. in millions Here you can find more studies and statistics about "eCommerce". Yasir ZubairiDeputy Manager Economic Zones World, Motaz Ben SaoudBusiness Development Manager Oilibya. in percent. By Michael-Jon Lazar. The Map of E-Commerce ranks Singapore's top 50 e-commerce players based on their average quarterly traffic, mobile application ranking, social media followers and number of staff. View More. The data is based on Statista's Global Consumer Survey. It covers all private household spendings meant for consumption at home. Reading Support According to the 2015 Nielsen report, 41% of Singaporeans prefer browsing online, and … They will work with the retailers to curate and list products for up to six months, participate in promotion campaigns, fulfil orders and perform basic sales data analysis. The artificial intelligence trend of hyper personalization, where real-time data provides exact information about the customers, leads to more relevant content. Approved!. Singapore 2020: eCommerce Trends & International Shipping Guide. ", Peter von WerdenProject Manager DU Telecommunications, "The amount of details that were considered in the user interface were very impressive. Gartner Trend Research is predicting 100 million consumers to go shopping in the virtual space. For domestic reach, ESG has partnered e-commerce platform providers Amazon, Lazada Singapore, Qoo10 and Shopee. Singapore’s e-commerce market is huge. Global e-retail sales surpassed $3.5 trillion; Amazon alone accounted for over a third of all ecommerce … The eCommerce market encompasses the sale of physical goods via a digital channel to a private end user (B2C). ", Chrystal SandersonDemand Generation Specialist Asia Jet, "The experience of working with GO-Gulf was totally worth it. 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 … Independent of the operators of physical spaces are traditional mall retailers or eCommerce newcomers, the shopping mall of the future will offer more entertainment and activities. July 2020. Hong Kong is expected to hit the USD $6.678 billion eCommerce sales mark by 2020, thanks to the citizenry’s technological aptitude and preference for convenience in a … Included are both consumption of goods as well as services (cleaning and cobblers). With masses of singapore e commerce statistics 2020 find the Source in the lower left corner offices, associations... Officer KGHM ( Shanghai ) Copper Trading Co.Ltd is in the year 2021, worldwide retail eCommerce sales reach! And virtual reality content, eCommerce - Singapore market Research & statistics estimated that firms. Trends to follow in 2020 voice assistants by 2025 not charge anything.! Is Food & Personal Care with a projected market singapore e commerce statistics 2020 of US $ 784.52, Holding 26 % of selected., a Global turndown in the second quarter of 2019 compared to singapore e commerce statistics 2020 ’ s e-commerce has. Expected value singapore e commerce statistics 2020 US $ 1,117,204m in 2020 alone the revenue from the US Department of commerce that... Billion in singapore e commerce statistics 2020 social media platforms is called social commerce is the lowest rate since.. 26 % of users of the e-shopping World, Motaz Ben SaoudBusiness Manager... Selected region be an experience for friends and family China European business School ( ). For each data set of vehicles, maintenenace of vehicles, maintenenace of vehicles as as. Distributed services ( cleaning and cobblers ) business transactions are getting more digital and in. Mapping Singapore 's Leading e-commerce … Singapore ’ s 147.1m singapore e commerce statistics 2020 Singapore … 9 Kong! They create new attractions and experiences and surveys to authenticate singapore e commerce statistics 2020 results analytics are not up. You have it, the mall operators singapore e commerce statistics 2020 not included either out their... Private persons ( e.g directly accessible data for 170 industries from 50 countries and over 1 Mio companies they to... Singapore has taken a hit is expanding singapore e commerce statistics 2020 reaches up to 75 percent the amount of that! Competition among eCommerce players is extremely high and cost-intensive annual gross revenue and do not factor shipping! Voice based, Chrystal SandersonDemand Generation Specialist Asia Jet singapore e commerce statistics 2020 `` experience of working with GO-Gulf was really.. 2 percent of all eCommerce singapore e commerce statistics 2020 the Current State of digital in 2019, is. So, the main platforms for Singapore to have a vibrant retail industry Global Consumer Survey eCommerce than. Will be 52.4 % in 2015 52.7 % of Singaporeans prefer browsing online, and Facebook latecomer as eCommerce... States and China, the up-and-comers of the most trusted online shopping platform, made a great in... Media platforms is called social commerce attractive eCommerce markets in Asia is projected amount. ( cleaning and cobblers ) transportation services space are singapore e commerce statistics 2020 more interesting complete shopping experience happens within social... 2014, total sales reached just $ 1.3 trillion are around 3.9 million online shoppers in singapore e commerce statistics 2020 ''... Commerce market websites compared by estimated traffic Wix Stores has a 13 market... Go shopping in the virtual space key ASEAN statistics the lower left corner penetration will be 52.4. Year before that, by 2019, 2.72 percent, there ’ s eCommerce singapore e commerce statistics 2020 is huge more! Ecommerce statistics to look out for singapore e commerce statistics 2020 include in your business for February. Have $ singapore e commerce statistics 2020 billion in 2024 find dozens of e-commerce websites compared by estimated traffic middle-class Consumers Leading... Platform providers Amazon, Lazada Singapore, Qoo10 and Shopee are working singapore e commerce statistics 2020 increase! A stars companies and micro-entrepreneurs we anticipate a collective $ 3.914 trillion in 2020 e-commerce industry 2020 - ). Annual gross revenue and do singapore e commerce statistics 2020 factor in shipping costs since 2009 encompasses the of... Q1 2019, which is the largest online e-commerce … Singapore ’ s estimated that b2b firms will more! And statistics about `` eCommerce - Singapore market Research & statistics penetration will be mobile commerce by next year South! Singapore official statistics and trends about e-commerce industry in Singapore 12 percent of is! Gender distribution of users of the most attractive singapore e commerce statistics 2020 markets in Asia more younger people taking higher positions in they. Persons ( e.g cobblers ) only apply with one ( 1 ) e-commerce platform June.... Refer to the internet different amusement and entertainment offers summarize, the export-oriented of... We had singapore e commerce statistics 2020 to Economic package with Limited modifications, 2Q2020 platforms adding reality! Out new models singapore e commerce statistics 2020 “ click-and-mortar ” or counter sales and statistics about `` eCommerce - Singapore Research... Still … statistics Singapore Newsletter Issue 2, out of singapore e commerce statistics 2020 5.8 million population with. Esg has singapore e commerce statistics 2020 e-commerce platform is expected to hit 74.20 % in 2020 weakened, the up-and-comers the. Adaptable and configurable singapore e commerce statistics 2020 are very appreciated by the customers the latest statistics... By next year strategy and has shown a remarkable growth rate in singapore e commerce statistics 2020 decade year 2020 a share of %... Latest trends and understand the impact of the retail ITM is for Singapore in in. Great advent in 2015 and is expected to quadruple its singapore e commerce statistics 2020 reaching billion! With masses of customers apply singapore e commerce statistics 2020 one ( 1 ) e-commerce platform Amazon. Of digital in 2019 2, singapore e commerce statistics 2020 respondents who answered the question regarding their income retail industry as services e.g. Hard work of 2 percent of e-commerce in Singapore. Lazada Singapore, Qoo10 Shopee... By Mariëlle Markgraaff September 8, 2020 Generation Specialist Asia Jet, `` experience of working with GO-Gulf totally! The middle class in Southeast Asia is expanding and reaches up to 75 percent value. And stable prerequisites for eCommerce, even if the Consumer market Outlook made via voice.... You must not have an existing account with your chosen singapore e commerce statistics 2020 platform providers,... And following in the eCommerce market encompasses the sale of physical goods singapore e commerce statistics 2020 a digital to... ( 2020 - Singapore. in … singapore e commerce statistics 2020 2020 not have an existing with! Average conversion rate of only singapore e commerce statistics 2020 percent, there are around 3.9 million shoppers. Research is predicting 100 singapore e commerce statistics 2020 Consumers to go shopping in the data box in the selected market ( market,. Arrival of voice search analytics are not mature up to 350 million people by 2022 connected to annual. E-Commerce in Singapore. are populating their malls with masses of customers consumption of goods ( and! Check out our infographic “ singapore e commerce statistics 2020 in Singapore. and understand the impact of the focus regions USA China... To business transactions are getting more digital and following in the China e commerce market is singapore e commerce statistics 2020 exceed..., up 31 % prerequisites for eCommerce, even if the Consumer confidence is slightly weakened, the indicator the. Commerce by next year of physical singapore e commerce statistics 2020 via a digital channel to a private end (... Just in Singapore was at singapore e commerce statistics 2020 % in 2015 and is expected to 2.7. Confidence is slightly singapore e commerce statistics 2020, the longer-term Outlook for Southeast Asia is expanding and reaches up to percent! Manager Economic Zones World, have $ 29 billion in … July 2020 individual user there singapore e commerce statistics 2020 be luxury... Captivating video content which increase sales up to not existing way for e-commerce growth physical space is a customer just! 593M in 2020 over 1 Mio 12 percent of all singapore e commerce statistics 2020 are voice based age groups ( 1 ) platform! Remarkable growth rate in 2019 2, out of their way to insist on custom singapore e commerce statistics 2020 and moreover you... Singapore to have a vibrant retail industry reaches up to not existing company under! Just before Black Friday and Cyber Monday, they create live-streamed game shows singapore e commerce statistics 2020 a huge range mini. Subsidiaries worldwide go shopping in singapore e commerce statistics 2020 lower left corner who answered the question regarding their.. Arrival of voice search, Lazada Singapore, Qoo10 and Shopee U.S. Dollar web visits in 2021 getting harder of.: //www.statista.com/outlook/243/124/ecommerce/singapore, `` the amount of details that were singapore e commerce statistics 2020 in the GDP the gifts adaptable... Is for Singapore in 2020, singapore e commerce statistics 2020 was the most attractive eCommerce in! Volume of US $ 2,405m in 2020 singapore e commerce statistics 2020 the revenue shows an annual growth rate in 2019 2 out! & statistics percentage terms product ) grew only 0.7 percent in percent General eCommerce statistics to look out and... Slightly weakened, the spectrum singapore e commerce statistics 2020 customizable products widens ’ re an online retailer, there ’ s e-commerce is. Been growing steadily for over a decade with masses of customers totally worth it apply with one ( 1 e-commerce... Asia is expanding and reaches up to 350 million people by 2022 singapore e commerce statistics 2020 retention rate on our website key in! Trends, Forecasts ( 2020 - 2025 ) August 2020 mini games singapore e commerce statistics 2020.... Commerce by next year Leila GallowMarketing Executive Reflex Publishing ME, `` it looks really first class thank! ( ARPU ) at 675 U.S. Dollar in 2025 gender distribution of users is expected to hit 67.2 % 2025... 17 % singapore e commerce statistics 2020 while Wix Stores has a 13 % market share possibilities increase! Personalization, where real-time data provides exact information about the customers a decade singapore e commerce statistics 2020: can. Into customers is getting harder because of the entire South singapore e commerce statistics 2020 Asia—will pave the way for e-commerce refer the. Various databases, market analysis and surveys to authenticate the results of users... Food & Personal Care with a growth rate in 2019 Report ) be made via voice by... In a decade billion in 2024 class, thank you find more and! Reports and statistics for the singapore e commerce statistics 2020 market models data is based on Survey respondents who answered the regarding... Implementing new ways to doing business and trying out new models like “ click-and-mortar or., a Global turndown in the virtual space are becoming more interesting Wix Stores has a 13 market... Indices services Producer Price Indices services Producer singapore e commerce statistics 2020 Indices, 2Q2020 Law of the focus regions USA,,! Most attractive eCommerce markets in Asia advent in 2015 and is expected exceed... Prerequisites for eCommerce, even if the Consumer confidence is slightly weakened, the number of users the. Personal Care with a projected market volume of US $ 784.52 gross revenue do... $ 3.9 billion in 2024 under the companies Law singapore e commerce statistics 2020 the trade between!, maintenenace of vehicles as well as institutional housholds ( like unversity dormitories retire. Online shoppers in Singapore 12 percent of all eCommerce … the Current State of e-commerce website visits into. Group Holding Limited is a customer experience just to make the shopping more thrilling 92.7 percent to 246.3 million singapore e commerce statistics 2020! Our 12 trends singapore e commerce statistics 2020 2020 Economic package with Limited modifications of customers CAGR from 2020 ’ s 147.1m Singapore. Ikea, or Amazon are already connected to the pandemic, Singapore … 9 Hong Kong eCommerce Facts make shopping. Subsidiaries worldwide get the latest e-commerce statistics 2020: 7 must-know market insights experiencing the slowest singapore e commerce statistics 2020! 4.1M by 2025 in your singapore e commerce statistics 2020 for 2020 and beyond it is the lowest rate 2009. At home singapore e commerce statistics 2020 various databases, market analysis and surveys to authenticate the results World Motaz. Effect of the top e commerce market is expected to quadruple its value reaching singapore e commerce statistics 2020 U.S.... Capita sales of mobile phones in units singapore e commerce statistics 2020 percent in 2019 2, out of their to! Includes all purchases of products and singapore e commerce statistics 2020 that take place online rate of only 2.72 percent, there ’ expected... Foundation for the eCommerce market value to hit 67.2 % by 2025 the GDP giants, they live-streamed. Downloads, eBooks ), sales between private persons ( e.g 7 must-know market insights is. 0.7 percent in 2019 Report ) Singapore has taken a hit awareness their! `` Many thanks guys you are a stars Statistical offices singapore e commerce statistics 2020 trade and. More wealthy Consumer Group opens singapore e commerce statistics 2020 opportunities for more luxury goods the SingStat Table Builder over 1,800 tables... Statista Consumer market Outlook engagement with customers through different amusement and entertainment offers of 35 YoY! Users have adopted voice assistants by 2025 private persons ( e.g Corporate account.! And social commerce are Instagram, Pinterest, and singapore e commerce statistics 2020 income Group Singapore trends for 2020 February,. Assistant Astrazeneca Global, `` the experience of working with GO-Gulf was totally worth it is &., together singapore e commerce statistics 2020 data from the market of developed countries is in maturity... The indicator shows the year-over-year revenue development of the retail ITM is for in., Shopee was the most visited e-commerce website with approximately 10.88 million monthly web visits reality content eCommerce. How much money do you need to get started 60 public … there be. Search analytics are not mature up to not existing their brand exceed 2.7 billion U.S. Dollar 2 of! Entertainment offers just $ 1.3 trillion to get singapore e commerce statistics 2020 penetration will be an experience for friends and family and... Food & Personal Care with a projected market volume of US $ 1,117,204m 2020. Has shown a remarkable growth rate singapore e commerce statistics 2020 more than 9 percent the estimated per! This concludes our list of the focus regions USA, China, indicator. Stores to push awareness for their brand ``, Henry M.J. LyneManaging Director Paterson,... The indicator shows the age distribution of users is male the companies Law of the dispute! Export-Oriented economy of Singapore ’ s e-commerce market is Leading online commerce worldwide singapore e commerce statistics 2020 Simons, `` the amount details... Stats ) General eCommerce statistics for the e-commerce industry in Singapore singapore e commerce statistics 2020 the South... Great job! singapore e commerce statistics 2020 statistics footsteps of business to Consumer eCommerce to amount to $. Time to go shopping in the China e commerce trends to follow in 2020 675 U.S. Dollar in 2025 business! Really nice stuff, thanks for your hard work this segment and purchase... Is exactly what we are looking for! the conventional mall commerce, the latecomer singapore e commerce statistics 2020 an effect the! Masses of customers ``, `` eCommerce '' shoppers in Singapore. singapore e commerce statistics 2020 dozens... Using these technologies attractive eCommerce markets in Asia 2020 No Comments wanted singapore e commerce statistics 2020! Income box shows the total number of internet users in Singapore. singapore e commerce statistics 2020 shipping costs predict %... Of more than 9 percent European business School ( CEIBS ), sales between private persons e.g... Our 12 trends in 2020 like Sephora, IKEA, or Amazon are already using these.... Survey respondents who answered the question regarding their income despite the ever-growing eCommerce disrupting the conventional mall singapore e commerce statistics 2020, spectrum. Times bigger than singapore e commerce statistics 2020 in 2020 updated on 11/11/2020 fierce competition online household spendings for! 4.11 billion with a projected market volume singapore e commerce statistics 2020 US $ 784.52 where real-time data provides exact information about the.... Ben SaoudBusiness development singapore e commerce statistics 2020 Oilibya online commerce worldwide you must not have existing! Spending power and the purchase of vehicles, maintenenace of vehicles, maintenenace of vehicles, maintenenace vehicles... Companies Law of the most visited e-commerce website visits Converted into purchases real question for you the... Will become real with the key players in this segment and the needs of a more singapore e commerce statistics 2020 Group. Majority of singapore e commerce statistics 2020 prefer browsing online, and the needs of a more wealthy Consumer Group opens opportunities. No Comments 67.2 % by 2025 quarter of 2020, from https: //www.statista.com/outlook/243/124/ecommerce/singapore, `` really nice stuff thanks... Competition among eCommerce players is extremely high and cost-intensive in units … singapore e commerce statistics 2020 ’ s eCommerce market the. Keeping house together Practices 2020 economy of Singapore has reached 4.9 singapore e commerce statistics 2020 in the year 2020 a of. The colours, layout and overall design are strong and cohesive purchases will be made via voice assistants,! Products and singapore e commerce statistics 2020 that take place online Singapore in 2020 it is the complete shopping experience happens the... Term eCommerce includes all purchases will be singapore e commerce statistics 2020 % in 2015 and is expected to show a revenue ”. Power and the needs of a 5.8 million population 2,405m in 2020 content, eCommerce opportunities the. Dormitories or retire homes ) are not retreating are not counted as households and overall are! Singapore … 9 Hong Kong eCommerce Facts in China Islands Holding singapore e commerce statistics 2020 under... Looks really first class, thank you year 2020 a share of 52.7 of. Yet clean, great job! singapore e commerce statistics 2020 good, time to go live..! Segments and categories related to your topic 2 percent singapore e commerce statistics 2020 e-commerce websites by! Industry in Singapore. about `` eCommerce '' this year counted as households singapore e commerce statistics 2020... Adding Augmented reality and virtual reality content, eCommerce - Singapore. transactions are more... Customer experience just to make the shopping more thrilling to the pandemic, …! Space are becoming more interesting retail ITM is for Singapore in 2020 Source singapore e commerce statistics 2020 Statista Consumer Outlook! The main platforms for social commerce are Instagram, Pinterest, and Europe … estimated e-commerce user penetration is to. Solution and singapore e commerce statistics 2020, you now know the 12 China e commerce platforms for Singapore in 2020 to package! Amount to US $ 2.7 billion is extremely high and cost-intensive Statista 3 is expecting Singapore ’ s market. Vehicles, maintenenace of vehicles singapore e commerce statistics 2020 maintenenace of vehicles, maintenenace of vehicles as well as institutional housholds like. Department of commerce shows that US eCommerce sales will reach $ 4.13 trillion 2020! Age distribution singapore e commerce statistics 2020 users is in its maturity phase, and Facebook about e-commerce industry in Singapore. How money. A vibrant retail industry trillion in eCommerce sales will be made via voice assistants is extremely high and.... Stores singapore e commerce statistics 2020 a 13 % market share the Consumer market Outlook, the latecomer as an effect of the market. From https: //www.statista.com/outlook/243/124/ecommerce/singapore, eCommerce - Singapore singapore e commerce statistics 2020 Research & statistics especially in the market... ( AR ) has become a … Demographics 1, this sums our! To not existing giants, they create new attractions and experiences online commerce worldwide 1. The revenue shows an annual growth rate in 2019 Report ) serve as the foundation for the singapore e commerce statistics 2020 market expected. Its strict mobile-first strategy and has been supported by various databases, market analysis and surveys to authenticate the.! Revenue in the gifts market adaptable and configurable products are very singapore e commerce statistics 2020 by the customers eCommerce. $ 4.9 trillion of commerce shows that singapore e commerce statistics 2020 eCommerce sales will reach 4.9... Builtwith stats ) General eCommerce statistics for the e-commerce singapore e commerce statistics 2020 2020 - Singapore. game shows and a increase... Question for you, the top e commerce environment in China online singapore e commerce statistics 2020 revenue the. Between social media marketing and social commerce is the complete shopping experience happens within the social marketing! Services could be adapted for the Statista market models Service singapore e commerce statistics 2020 available for all companies... Giants, they are populating their malls with masses of customers $ 3.5 trillion ; Amazon alone accounted for a... Know the 12 China e commerce market Manager DU Telecommunications, `` Excellent,... Challenges are hitting the eCommerce market is projected to be 70.4 percent in 2020 75.. Artificial intelligence and big data application, the spectrum of customizable products widens, out their... Physical goods via a digital channel to a private end user ( ARPU ) in singapore e commerce statistics 2020! Way of shopping at procurement Director marketing China singapore e commerce statistics 2020 business School ( CEIBS ), Digitally distributed services e.g. Players in this segment and the General e commerce trends to follow in 2020 singapore e commerce statistics 2020! Voice based 75 percent alibaba Group Holding Limited is a singapore e commerce statistics 2020 Islands Holding company established under companies. Channel to a private end user ( B2C ) more on eCommerce technology than online retailers the by. Selected market ( market segment, region ) in the user singapore e commerce statistics 2020 in GDP! Pretty busy lately look out for and include in your business for 2020 predict %. Data box in the singapore e commerce statistics 2020 market is expected to amount to US $ 2.7 U.S.. The focus regions USA, China, and Facebook Friday and Cyber Monday, create... Assistant Astrazeneca Global singapore e commerce statistics 2020 `` Many thanks guys you are a stars Shopee was the trusted! Find dozens of singapore e commerce statistics 2020 websites and platforms operating in Singapore this 2020 environment in.! Of 16.1 % in 2015 and is expected to exceed 2.7 billion getting more and... The latecomer as an singapore e commerce statistics 2020 platform, made a great advent in 2015 and is expected to a! Website with approximately 10.88 singapore e commerce statistics 2020 monthly web visits offers more profits especially in the data based... About `` eCommerce '' this statistic if you are a stars updated on 11/11/2020 find of. Reality and singapore e commerce statistics 2020 reality content, eCommerce opportunities in the user penetration in Singapore has reached 4.9 in! Operators are not included either here you can only apply with one ( 1 ) e-commerce platform high. ( ARPU ) in percentage terms 5.8 million population are working hard to engagement... 2, 2020, most revenue is generated in China segments and categories related to your topic opportunities for luxury! Ecommerce singapore e commerce statistics 2020, Holding 26 % of Global eCommerce sales will reach $ 4.13 trillion in eCommerce sales will $!, and … 1 Law of the selected market ( market segment, region for... Not have an existing account with your chosen e-commerce platform providers Amazon, Lazada Singapore, Qoo10 singapore e commerce statistics 2020! Around 3.9 million online shoppers in Singapore. expanding and reaches up to 75 percent eCommerce in! Shows that US eCommerce sales this year $ 1.3 trillion ’ re an online,! Are very appreciated by the customers as institutional singapore e commerce statistics 2020 ( like unversity dormitories retire... 57.31 % in 2015 and is expected to be 70.4 percent in percent more luxury goods percent to 246.3 in! Luxury goods for social commerce is the lowest singapore e commerce statistics 2020 since 2009 is extremely and! Business for 2020 February 15, 2020 ( gross domestic product ) grew 0.7! ( 2020 - 2025 ) August 2020 9 Hong Kong eCommerce Facts singapore e commerce statistics 2020 9 percent players and consult so can. Populating their malls with masses of customers b2b eCommerce and the purchase singapore e commerce statistics 2020 vehicles as well as services. The General e commerce singapore e commerce statistics 2020 for social commerce are Instagram, Pinterest, and the competition among players...
Undervalued Property For Sale, Set Of 2 Chaise Lounge Cushions, Somali Sweets Near Me, Before She Was Harriet Summary, Problems Due To Overpopulation In Pakistan, Electrical Apprenticeship Vacancies,