Trends in Ecommerce and online payments

trends-in-ecommerce

Ecommerce has experienced sustained growth in recent years and this has caused the general market to start taking it very seriously. One of the main reasons why the e-commerce ecosystem has evolved so rapidly has to do with technological advances in online payment processing, in addition to the provision of almost all businesses to accept credit cards online.

According to a research conducted by BI Intelligence, It is estimated that consumers in the United States will spend 385.000 billion dollars online in 2016. Not only that, this amount is expected to increase to 632.00 billion dollars by 2020.

For most specialists these data are not really surprising considering the healthy ecommerce growth. Additionally, while the average retail growth rate in the United States during the first quarter of this year was only 2% for total retail, it was 16% for e-commerce.

On the other hand, the number of online shoppers has grown by almost 20 million between 2015 and 2016. Even more interesting is that these 224 million buyers are spending more money as total online spending grew to $ 61 billion during the first quarter of 2015 to reach $ 68 billion in the first quarter of 2016.

These same customers transact more frequently as the number of online transactions has increased by 115 million between 2015 and 2016. Trends indicate that Ecommerce It will continue to grow and more and more people will choose to buy products such as sporting goods, electronics, clothing and accessories online.

In fact, e-commerce currently represents 8% of all health and personal care products sold during 2016.


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