This report contains forecasts for near-term rapid growth in the online commerce sector, propelled by increased internet and the populations' warming to the online shopping experience.
Online retail sales in the Philippines have lagged the recent rapid growth seen among the island nation's neighbors in Southeast Asia. Even though it has the second largest population of the region, it had the lowest B2C E-Commerce sales figures, according to sources cited in the report. Among the hurdles to overcome to foster growth in the online retail sector are the comparatively low Internet penetration rate, credit card holder numbers, and consumer confidence in online shopping.
Online retail sales in the Philippines are expected to rise at a double-digit rate for the next few years even in the face of challenges. An increasing share of the large population is connecting to the Internet, many though mobile devices. M-Commerce is contributing to the rise in online retail; mobile made up about three-quarters of connections to E-Commerce websites in the country, says the publication. The Philippine government has done its part to facilitate the expansion of online retail sales by aiming to create a favorable administrative environment.
Among the leading online merchants operating in the Philippines are Lazada and Shopee, both with headquarters in Singapore. Local companies JG Summit and Ayala Group are expanding their online presence and offering to compete with the foreign operators while ensuring that the movement to B2C E-Commerce does not leave them behind.
Key Topics Covered
1. Management Summary
2. Overview & International Comparisons
4. Sales & Shares
- B2C E-Commerce Sales, in USD million, 2016 & 2021f
- E-Commerce Retail Share of Total Retail Sales, in %, 2016
5. Users & Shoppers
- Overview of E-Commerce Players, April 2018
- Top 10 Local B2C E-Commerce Websites, by Total Visits, in millions, March 2018
- Top 7 Local C2C/P2P E-Commerce Websites, by Total Visits, in millions, March 2018
For more information about this report visit https://www.researchandmarkets.com/research/5lsqqg/philippines_b2c?w=4