Research from TechNavio Shows Huge Projected Growth in the Online Retail Market in India
According to TechNavio analysts, there are some strong factors driving this growth, including increased internet penetration and easier payment options.
“Internet access from cellphones has witnessed a quantum leap in India in the last few years. As of 2013, 81 percent or 910 million of the Indian population use cellphones. Of these, 105 million use the internet on their phones,” says Faisal Ghaus, Vice President of TechNavio.
Numbers from Snapdeal, an online marketplace, support this perspective. In an official statement released by the company, out of every 10 orders it receives, 3 are received via cellphone.
With the increase in popularity of shopping through mobile devices, retail sales through these devices will account for a major chunk of total online retail sales over the projected period, says Ghaus.
Users spend more than 25 percent of their total time on social networking websites such as Facebook and Twitter. Retailers are busy tracking social networks for product development and customer service, and social media will soon be a key marketing channel for online retailers to specifically connect with current customers and to attract new customers to their sites.
As of 2013, India had around 100 million Facebook users, and is poised to overtake the US in the near future. It is also expected that soon many retailers will use social networking sites as a potent tool to gain marketing and sales leverage.
To determine these market scenarios over the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Online Retail Market in India please send an e-mail to media@TechNavio.com.
TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.
We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies.
These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Our large and growing base of happy customers include technology suppliers, end users, consulting companies, investment firms, research institutes and media worldwide.
Follow us on Twitter @TechNavio
Like us on Facebook
Follow us on LinkedIn
Connect with us on Google+
8 Wimpole Street
W1G 9SP London
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Research from TechNavio Shows Huge Projected Growth in the Online Retail Market in India here
News-ID: 289399 • Views: 3015
More Releases from Technavio
Technavio: Global Automotive Start-stop System Market
June 15, 2017 - Technavio’s latest report on the global automotive start-stop system market provides an analysis of the most important trends, drivers, and challenges expected to impact the market outlook from 2017-2021. This market research report includes up to date analysis, share breakdown, and projections for various application, end-user, product, distribution, and geographical segments. The report also provides an in-depth vendor landscape, covering various large and small stakeholders in
On Premise Models Taking a Backseat in the Global SaaS-based Enterprise Resource …
TechNavio, the independent tech-focused global research firm, shows the Global SaaS-based Enterprise Resource Management (ERP) Market is projecting healthy growth, with a CAGR of 13.80 percent from 2013-2018. Convenience and a need for energy conservation are the main factors driving this growth. On-premise ERP requires at least 12-36 months for installation, whereas SaaS-based ERP requires an average of just two to three weeks for installation. And since all support is outsourced,
Location-Based Search and Advertising Market in the US is Booming: TechNavio Res …
A recently released report from TechNavio, the independent tech-focused global research firm, shows the popularity of mobile devices and media is spurring major growth in the Location-Based Search and Advertising Market in the US, which is projecting a healthy CAGR of 43.01 percent from 2013-2018. Location-based services (LBS) use location, determined by a user's mobile device, to search for and promote products and services near the user. Location-based advertising is based
TechNavio Publishes New Research Report on the Cloud Computing Market in Latin A …
TechNavio, the independent tech-focused global research firm, has published a new market research report on the Cloud Computing Market in Latin America, which is projecting a CAGR of 26.1 percent from 2013-2018. The report covers key factors driving uptake of cloud computing services in Argentina, Mexico and Brazil. According to TecNavio, factors like adoption of virtualization are influencing uptake of SaaS, IaaS and PaaS-based cloud services. “Virtualization is essential for increasing IT
More Releases for India
Medical Tour India | Affordable Treatment In India
We at MedCredible look after the well being of the patients seeking treatment in India. Our support staff support is well trained in handling various situations arising due to cross border differences. All the patients can avail of high-quality treatment at an extremely affordable cost in a compassionate environment combined with ethical practices. With options of over 100 + Hospitals and Institutions, we at Medcredible ensure that we connect the
IVF India, Test Tube baby India
The aim of setting up KJIVF is to help infertile couples in achieving conception through modern diagnostic and treatment methods. KJIVF Centre has given the best results by blessing infertile couples of advanced age with children, these couples could never dream of becoming parents. Thousands of babies are conceived through in-vitro fertilization (IVF) each year; In-Vitro Fertilization (IVF) means fertilization outside the body. A baby developed from an egg that
Beach Holiday India- Best Beaches in India
The natural beauty, exotic locations and rich heritage has helped India to stand as the most visited and most popular tourist spot in the world. The status of “Incredible India”, is defined by an incredible range of nature’s blessings on the Indian subcontinent and this incredibility is doubled by one of the most fabulous tourism option available in the country that are the brilliant and majestic beaches in India.
ISO 27001 India, 27001 training India ISO
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, and DPA), Business Continuity (BS25999) and ITIL/ IT Service Management (ISO 20000). Coral is the FIRST Indian consulting organization which provides an Integrated Management System Consulting, Consisting of ISO 27001, ISO 20000 and BS25999 – ALL THREE IN ONE! Coral provides Consulting, Assurance audit and Training to address these
Interior Designers India, Designers and Architects India
Today, we have recognized ourselves as a booming beauty interior designing firm, offering services that include interior designing. We are a winning firm, which is based on the strong foundation of innovative and original ideas for interior, architectural and landscaping designing services. Synergy Corporate Interior Design Association has more corporate members. Who provide Products and services. We support Interior Designers India, Designers and Architects India. We are committed to the
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will