The world is in the booming area of 4.0 revolution, e-commerce is an evitable development step for humankind. No doubt that e-commerce is establishing its own empire at a rapid pace. Hamsa will give you the close up look about the future of e-commerce on a global scale and the development of HappyPoints.
In the context of consumers losing interest in shopping at traditional stores, the e-commerce market is taking the opportunity to enter a time of intensive growth. As reported by the Consumer Conditions Scoreboard’s 2017 Consumer Review, the percentage of online shopping in the European Union (EU) has doubled over the past 10 years and increased from 29.7% in 2007 to 55% in 2019. Online sales contribute more than 9% of total retail sales in Europe.
New researches predicted that by 2021 the worldwide retail e-commerce sales will reach a new high. Ecommerce business is expected the growth rate about 256%, from 1.3 trillion. dollars in 2014 to 4.9 trillion dollars in 2021. This indicates a bright future of a stable upward trend.
Along with the growth of e-commerce sales, online shoppers are becoming more and more willing to pay for shopping, according to the Ecommerce Foundation research. If in 2014, the average number for shopping on ecommerce sites was $1,228 /person/year, then by 2017, it has surged to $ 1,425, increase by 7.4% over 2016.
Base on the ranking of countries shopping online conducted by Egiodata, with an average spend of 1,033 euros ($ 1,202) per year for online shopping, the Swiss ranked second place in Europe, behind the British. The British held the leading position with nearly 1,118 euros, and in the third rank is Norwegian with more than 920 euros per year.
The predictions of Kantar Worldpanel indicate that by 2025, the fast-moving consumer goods industry will become a $170 billion market, and account for 10% of the total market share. The major global growth will mainly come from the US, predicting that the e-commerce market share will increase from 1.5% in 2017 to 8% by 2025. Contributed by the successful launch of click and collect models (buying online and receiving goods at the nearest store), home delivery models and periodic purchases.
In the Asia-Pacific region, the e-commerce revenue of region contributes 40% of the total e-commerce revenue globally in the first quarter of 2017, due to booming shopping activity in China, Japan, Australia, Korea and India. Specialist Marc Woo, from Google, predicts that Southeast Asia will become the next highlight e-commerce market, thanks to the rise of the middle class as well as the popularity of the Internet. It is expected that the number of middle-class people in ASEAN will increase from 190 million in 2012 to 400 million in 2020 and the number of Internet users will also triple to 600 million by 2025.
The development of HappyPoints in the future:
Not standing out of the e-commerce game, HappyPoints was born with the primary purpose of helping Shopify merchants launching their website and optimised the sales conversion. Born in 2016, in the four-year journey of construction and development, HappyPoints has gradually asserted its position in the ecommerce global market.
On the journey to conquer customers all over the world, in the first phase, HappyPoints has encountered a lot of ups and down. But we have never stopped trying and have seen the bright future of Shopify in the US, Australia, Singapore, etc. Since the number of Shopify live sites in these countries increasing years by years, this is a huge opportunity for HappyPoints reaching the online merchants. We understand that, in the ecommerce industry, a store providing suitable products and service is not enough, they need creative modification and a comprehensive solution for their business store.
A website which optimises business activities and brings high ROI is a must for every e-commerce merchant. Thanks to the website, it will help the marketing strategies to be implemented more effectively and gain a huge source of revenue for the business owner.
Hamsa Technologies with brand HappyPoints understands the need of customers and we willing to help. With the significant experiences working in the IT-e-commerce industry, and many years researching Shopify, Hamsa definitely believes that HappyPoints will continuously develop and complete to deliver to e-commerce merchants the top-notch optimal technology solutions and accompany with customers in their business journey.
All in all, there is no doubt that e-commerce is dominating the global market at a great pace. Hamsa Technologies and brand HappyPoints are taking this chance to go further in the future. Hamsa guarantee that we will always work with a heart of enthusiasm to bring extraordinary experiences to our customers.
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