The UK eCommerce market is well-developed but is still relatively absorbent. Here are some insights to make your way into this burgeoning industry. The online retail market is well-developed, but it is a young one. Read on for more details. Insights into the UK ecommerce market are essential for success. In the UK, ecommerce is a fast-growing segment of the economy.
What Should You Do For Fast Insights Into The UK Ecommerce Market?
The UK is the third-largest ecommerce market in the world, second only to the United States. In addition to being the third-largest ecommerce country in Europe, UK online shoppers are particularly receptive to mobile commerce. With this in mind, it is vital for ecommerce businesses to know the specifics of the UK ecommerce market. While a country’s ecommerce market is relatively small, it is becoming increasingly important to understand the consumer buying habits.
The UK ecommerce market is a huge one. Its population density and high percentage of GDP make it a desirable destination for online sellers. In addition to this, the UK’s digital landscape and economy are strong, ensuring that the country stays at the forefront of ecommerce worldwide. These statistics are summarized in an infographic below. You can learn more about UK ecommerce by reading the details on these facts.
While the UK ecommerce market is large and has room for rapid growth, it is still not ripe for growth. Despite its size, the UK eCommerce market is expected to grow to more than US$99 billion by 2023. This means that ecommerce companies should look for ways to take advantage of its growing size. This market has high average order value (AOV) and average order value (ARV) of more than US$71.