The report forecasts the online retail market in the US to grow at a CAGR of 15.99% during the period 2016-2020.
The market is divided into the following segments based on products:
- Food and grocery.
- Apparel, footwear, and accessories.
- Music, software, books, and stationary.
- Home care products.
- Consumer electronics and electricals.
- Home furniture and furnishings.
To take advantage of the rise in shopping through mobile devices, most online retailers have launched mobile versions of their shopping portals. eBay, a key vendor in the online space, has introduced mobile applications compatible with iOS, Windows, Symbian, Android, and other operating systems, allowing users to shop conveniently using their mobile devices.
According to the report, growing Internet and smartphone penetration and growth in the range of products available on online platforms have been key to market growth over the last five years. With vendors offering easy and secure payment options for online shopping, and given the relative comfort with online retail that consumers have developed over time, this market is set for significant growth.
Further, the report states that government regulations and taxes can pose some restrictions to this growth, especially for smaller retailers that do not have as much capital or other resources as some of the large ones operating in the market.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by devices used for shopping
PART 07: Market segmentation by product category
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/2gtq9c/online_retail