New yStats.com publication affirms that Indonesia maintains Southeast Asia’s quickest growing online retail market
In Indonesia, online retail is blossoming. Despite having low rankings of Internet and E-Commerce penetration rates, this publication from yStats.com showcases that Indonesia’s online retail market has been the biggest in the region due to its hefty population. Factors that have furthered E-Commerce development are increased Internet penetration and mobile connectivity, as well as favorable demographics and economic growth.
Statistics cited within the yStats.com report reveal how the number of Internet users in Indonesia has increased dramatically, making Indonesia the global winner in terms of growth rate. Consumers show an affinity to M-Commerce technology in that smartphones were the leading device for online purchases in 2016. Furthermore, social commerce is especially strong, due to over half of Internet users surveyed seeing Facebook as both a social platform, as well as a venue to buy and sell products.
According to projections from the yStats.com report, the emerging market of Indonesia is expected to experience heavy double-digit growth rates throughout the next few years, exceeding other countries in this area. Leading online marketplaces in Indonesia such as Lazada, Tokopedia, Elevania, and MatahariMall have received momentous investments, making competition even more fierce.
For further information, see: https://www.ystats.com/product/indonesia-b2c-e-commerce-market-2017-3/
yStats.com GmbH & Co. KG
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.