Jun 21, 2017
India may lead Asia-Pacific B2C markets by 2021
Jun 21, 2017
By 2020, India is expected to be the growth leader among Asia-Pacific’s top B2C markets, outpacing China, says a recent report. In both countries, much of the future growth is projected to stem from rural areas where online shopper penetration is rising more rapidly than in the top tier cities. Asia-Pacific is the world’s largest B2C e-commerce market.
The report titled 'Asia-Pacific B2C E-Commerce Market 2017' published by yStats.com, said that by 2021 Asia-Pacific will account for nearly half of global B2C e-commerce sales of products and digital content.
Between 2016 and 2021, the region’s online sales are projected to maintain strong double-digit growth rates and reach new heights in terms of the e-commerce share of retail.
The report reveals that the nations in Southeast Asia are also experiencing strong growth in B2C e-commerce sales which are projected to remain in double digits, including even Singapore, already the most advanced of the ASEAN countries pack.
Furthermore, advanced markets such as Australia, Japan and South Korea are projected to grow more moderately due to the already high rates of online shopping penetration.
It has been observed that m-commerce is the strongest trend in both the advanced and emerging economies across Asia-Pacific. In many of them, the mobile share of B2C e-commerce sales has already topped one-third, and in some places it has approached 50 per cent.
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