Trends in E-commerce So Far
Is e-commerce dominating the market? The growth of e-commerce is huge. Large enough, that it is killing brick and mortar stores faster than ever. Here is a summary of the key takeaways in this industry in the last year. What is interesting is that the industry continues to grow at a rate far exceeding all expectations that investors have had. 1. Retail mobile e-commerce is exploding, increasing in the United Kingdom, for example, from around $14.2 billion In 2014 to an expected $18.6 billion in 2015. 2. Social networks such as Facebook, Twitter, Pinterest, and Instagram, together with online retailers, continue to try to understand how best to facilitate social e-commerce, with the introduction of Buy buttons on Facebook, Twitter, and Pinterest. 3. Local e-commerce, headlined by new local on-demand service companies such as Uber, skyrocketed to an estimated $25 billion in the United States. 4. The number of online buyers continues to increase to over 1.4 bil