Online retail sales are forecast to grow at a CAGR of over 14% during the next four years, according to a new study on ASDReports

Report description overview:

The new report now available on ASDReports, provides an analysis of current and forecast market data of retail sales in different category groups in online retail channel across the globe. In addition, it covers information on key technology trends, online trends in major countries and payment preferences of consumers. Also focuses major retailers across the regions, with an emphasis on innovative retailers in the online retail space.

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Report highlights:

Online sales are expected to gain share of total retail as more consumers become comfortable purchasing online. Factors such as convenience and the ability to shop at any time and place are accelerating this trend. The growth in share is a reflection of the rise in the popularity of online retailing among consumers; shoppers are shifting from bricks and mortar stores to online retailers.

Retailers are making efforts to make the entire process of online shopping easier and more secure. An increase in delivery options, ease of product comparison, multiple payment options, simpler return policies, and extended product portfolios have all augmented the growth of this channel.
To increase the customer base, retailers have adopted omni-channel strategies. Mobile versions of their sites/ mobile apps allow mobile phone users to access the site on the move, which has also given rise to impulse shopping. Some online retailers have opened physical stores to let customers try their products. The integration of shopping sites with social networking sites is also on the rise

Poor logistical infrastructure, costs incurred for free delivery, and returned goods are the key bottlenecks for the growth of online retailers