M2 PRESSWIRE-September 2, 2019-: Singapore B2C E-Commerce
Market Report 2019: Online Shopping Enhanced by Mobile and Cross-Border Purchasing Trends
Cross-border shopping from Malaysia is a further active trend helping increase total B2C E-Commerce
sales in the country.
'A competitive B2C E-commerce
ecosystem, as reflected by the index, appears to be enticing foreign investment.
The 2018 B2C E-commerce
Index was launched at the first Africa eCommerce Week in Nairobi, Kenya.
According to the 'Middle East B2C E-Commerce
Market 2018,' with high internet and mobile penetration rates in the Gulf countries, combined B2C e-commerce
sales are expected to more than double between 2017 and 2020 to reach $20 billion.
activities in Egypt were estimated to have reached $544m in 2015/2016.
However, the report emphasizes that B2B e-commerce must deliver on the high standard set by B2C e-commerce
and posits that B2B companies need to evolve their go-to-market strategies by adopting proven B2C principles.
Online retail is a part of B2C e-commerce
and refers to commerce activities over the Internet.
THE PHILIPPINES ranked 89th out of 137 countries and territories worldwide in terms of readiness to support online shopping and other business-to-consumer electronic commerce (or B2C e-commerce
), according to the United Nations Conference on Trade and Development (Unctad).
UNCTAD B2C E-Commerce
Index is topped by Luxembourg, Iceland, Norway, Canada, Japan, Britain, Switzerland and New Zealand.
The report, titled "Middle East B2C E-Commerce
Market 2015", finds that amidst a booming retail environment, B2C E-Commerce
is just evolving in the Middle East and has much room for growth.