Philippines E-Commerce Market Analyzed & Forecast in Ken Research Private Research Report Available at MarketPublishers.com09 Mar 2015 • by Natalie Aster
LONDON - Increasing interest in online shopping coupled with internet usage growth and a rising penetration of social media in the Philippines are amongst key drivers of the local e-commerce market.
As a result, the e-commerce market is set to grow significantly in the years to come. For instance, it is expected to show a remarkable 101.4% CAGR over the period 2013-2018.
Existing problems associated with internet access are expected to be settled in the upcoming years, thus providing more people with internet access. Besides, payment security issues will be addressed and, consequently, people will become more confident in e-commerce services.
Represented by two main channels, namely Business to Business (B2B) and Business to Consumer (B2C), the Philippines e-commerce market is dominated by the latter one, with Cebu Pacific, Lazada and Zalora being amid largest players.
Meanwhile, the B2C market in the country is represented by online travel and non travel websites. Travel e-commerce leads the race. Meanwhile, the local online retail market has shown remarkable growth on the back of growing popularity of online site offering discounts, such as Zalora, Groupon, CashCash Pinoy, to name a few.
This market is likely to continue growing in a swift manner. Its CAGR is expected to be 189.2% over the period 2013-2018.
In-demand research report “The Philippines E-Commerce Market Outlook to 2018 - Driven by Rising Internet Proliferation and Effective Online Payment System” arranged by Ken Research Private Ltd includes a detailed analysis of the Philippines e-commerce market.
The research study offers an in-depth discussion of in the market. It delves into the market structure and limelights market growth drivers and challenges. The report discloses a size of the market and contains its future projections through 2018. It discloses the market segmentation and examines performance of each market segment in detail, besides containing forecast data. The study investigates market trends and explores its future prospects and opportunities. Macro economic indicators, coverage of the competitive landscape and information on top market players can be found in the research report too.
The Philippines E-Commerce Market Outlook to 2018 - Driven by Rising Internet Proliferation and Effective Online Payment System
Date: November, 2014
Price: US$ 1,100.00
More new reports by the publisher can be found at Ken Research Private Ltd.