Germany-based E-Commerce business intelligence specialist yStats.com’s new report “Malaysia B2C E-Commerce Market 2017” projects that online retail sales in Malaysia will increase at a lower rate than its regional neighbors. The government has taken steps to elevate the growth rate.
While forecasts cited in the yStats.com report indicate that the online portion of total retail sales in Malaysia will grow from the present single percentage point to over 5% by 2025, this growth rate is eclipsed by other regional markets such as Indonesia, Vietnam and Philippines. The Malaysian government has initiated a roadmap calling for private sector cooperation to double the rate of E-Commerce sales growth. Favorable to this growth are the ready Internet infrastructure and the interest of young adults in making purchases online.
Several other interesting facts are presented in the publication. Online retail sales in Malaysia are dominated by the marketplace model. The yStats.com report shows that the largest B2C marketplaces, Lazada.com.my and 11street.my have announced intentions to attract more sellers to their portals. Other trends in E-Commerce include the sales through social media and the rising use of mobile devices to connect with sellers.
For further information, see: https://www.ystats.com/wp-content/uploads/2017/04/20170101_Product-Brochure-Order-Form_Malaysia-B2C-E-Commerce-Market-2017.pdf
While forecasts cited in the yStats.com report indicate that the online portion of total retail sales in Malaysia will grow from the present single percentage point to over 5% by 2025, this growth rate is eclipsed by other regional markets such as Indonesia, Vietnam and Philippines. The Malaysian government has initiated a roadmap calling for private sector cooperation to double the rate of E-Commerce sales growth. Favorable to this growth are the ready Internet infrastructure and the interest of young adults in making purchases online.
Several other interesting facts are presented in the publication. Online retail sales in Malaysia are dominated by the marketplace model. The yStats.com report shows that the largest B2C marketplaces, Lazada.com.my and 11street.my have announced intentions to attract more sellers to their portals. Other trends in E-Commerce include the sales through social media and the rising use of mobile devices to connect with sellers.
For further information, see: https://www.ystats.com/wp-content/uploads/2017/04/20170101_Product-Brochure-Order-Form_Malaysia-B2C-E-Commerce-Market-2017.pdf
