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singapore e commerce statistics 2020

", "Guys were super quick in response and they gave us proper consultation about all aspects of the project before we decided to go ahead. If you’re an online retailer, there’s a good chance you’ve been pretty busy lately. Access new updated reports and statistics for the E-Commerce Industry in Singapore. Revenue in the eCommerce market is projected to reach US$2,405m in 2020. Gamification stays part of the overall marketing strategy. Singapore’s top e-commerce websites compared by estimated traffic. With a projected market volume of US$1,117,204m in 2020, most revenue is generated in China. In the year 2020 a share of 52.7% of users is male. ... Data of Q3 2020 was updated on 11/11/2020. | 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). Business to business transactions are getting more digital and following in the footsteps of Business to consumer eCommerce. 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. For eCommerce, even if the consumer confidence is slightly weakened, the longer-term outlook for Southeast Asia is still good. 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. However, while it is important, navigating the nuances of cross border e-commerce can be complicated given that there are a lot of moving parts. and has been supported by various databases, market analysis and surveys to authenticate the results. Among e-commerce … Technology leaders like Sephora, IKEA, or Amazon are already using these technologies. Reports by WorldPay say: “The e-commerce market in Singapore is set for huge growth as it is expected to expand by 48% to $9.98b (US$7.4b) by 2022”. PDF (1MB) Reference Statistical Best Practices 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. Converting visitors into customers is getting harder because of the fierce competition online. The gross orders increased by 92.7 percent to 246.3 million in the second quarter of 2019 compared to 127.8 million in 2018. User penetration in the eCommerce market will be at 52.4% in 2020. 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. We are observing a huge increase in retention rate on our website. In 2020 alone the revenue from the eCommerce Market is expected to exceed 2.7 billion U.S. Dollar. Customer Support. And with the biggest eCommerce platforms Lazada and Qoo100 having more than 14 million visitors per month, economies of scales drive prices further down. | 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). plane tickets), Sales between private persons (e.g. facts. With just 4.1m e-commerce users compared to Indonesia’s 147.1m, Singapore … The “Revenue” tab shows a comparison of revenues for the leading economies in the selected market (market segment, region) and year. Based on a report by Google and Temasek Holdings, Southeast Asia’s (SEA) digital market could exceed US$200 billion by 2025. Investment Required To Set Up An eCommerce Business In Singapore. | 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. Note: Due to artificial intelligence and big data application, the spectrum of customizable products widens. Shopee, the latecomer as an eCommerce platform, made a great advent in 2015. (Source: Builtwith stats) General eCommerce statistics. Directly accessible data for 170 industries from 50 countries The market's largest segment is Food & Personal Care with a projected market volume of US$593m in 2020. 1. The middle class in Southeast Asia is expanding and reaches up to 350 million people by 2022. It covers all private household spendings meant for consumption at home. 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. So there you have it, the top e Commerce platforms for Singapore in 2020. New, Figures and insights about the advertising and media world, Industry Outlook Accessed: December 08, 2020. https://www.statista.com/outlook/243/124/ecommerce/singapore, eCommerce - Singapore Statista, https://www.statista.com/outlook/243/124/ecommerce/singapore (last visited December 08, 2020), A definition and detailed explanation of the displayed markets can be found, Number of individuals (all ages) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 0-14) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 15-24) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 25-34) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 35-44) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 45-54) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 55 and older) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Consumer spending, per capita (current prices), Average consumer spending per capita of private households 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 food and non-alcoholic beverages (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). 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Revenue in the eCommerce market is Leading online commerce worldwide in China ) has become a … Demographics 1 million! It succeeded with its strict mobile-first strategy and has been supported by various databases, market and... Chosen e-commerce platform of 2020, most revenue is generated in China get the latest statistics. Homes ) are not included either the experience of working with GO-Gulf was great... S a good chance you ’ ve been pretty busy lately 2020 of!

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