DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Online Consumer Payments: Sizing the Opportunity" report to their offering.
This report examines the online consumer payments market in 28 global markets, considering the overall market size and its development, as well as the importance of mobile devices as opposed to desktop and laptop computers. The report also breaks down the online market by the type of goods consumers buy and the tools they choose to pay with, considering how consumer buying behavior has changed and the drivers of this change.
Online consumer payments remain the biggest growth market in payments, and will continue growing strongly as more consumers gain access to the internet and to tools that can be used online. Developing countries - particularly China - are expected to be at the forefront of this growth, although even the most developed online commerce markets will grow strongly over the next five years.
- China overtook the US as the world's largest online commerce market in 2015, with Chinese consumers spending a total of $699bn online that year.
- 20% of the total value of online commerce transactions across all markets will be accounted for by m-commerce by 2020, with the market recording a compound annual growth rate of 17% from 2015 to 2020.
- Consumer spending patterns online have shifted over the past three years to a wider range of merchant categories. The market is no longer dominated by high-ticket goods categories to the same extent it has historically been.
Key Topics Covered:
1. EXECUTIVE SUMMARY
1.1. Online payments is the biggest growth market in payments
1.2. Key findings
1.3. Critical success factors
2. THE GLOBAL OPPORTUNITY
2.2. Chinese consumers spent $699bn online in 2015
2.3. Online commerce is still not universal, even among internet users
2.4. Consumer spending patterns online have changed significantly over the last five years
2.5. Payment cards are losing their dominance over the online market
2.6. PayPal is the highest-profile digital wallet in Western markets
2.7. Domestic payment tools have established themselves in several markets
3. STRATEGIC RECOMMENDATIONS
3.1. Different devices require different approaches to online commerce
3.2. Bricks and mortar will remain relevant into the long term
3.3. Payment tools must balance security and convenience
- Just Eat
For more information about this report visit http://www.researchandmarkets.com/research/vwfh3h/online_consumer
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