The UK Online Retail Market Remains the Largest in Europe, States Verdict Retail in Its Latest Report Available at MarketPublishers.com09 Aug 2016 • by Natalie Aster
LONDON – Nowadays, the UK dominates the European online shopping market. Moreover, this country-wide market is recognised as one of the biggest online shopping markets from pole to pole.
The online shopping market in the UK has already reached its maturity level. However, this domestic market is still poised to see high growth rates in the next 5 years. A significant upsurge is expected to be registered in the mobile commerce sector owing to an increasing usage of mobile devices for online shopping online.
As of 2015, an overall online consumer spending on retail goods in the UK reached USD 66.3 billion. Through 2020, the value of online retail returns in the country is likely to increase by almost 50%.
The report “Online Payments and Retail in the UK: An In-Depth View” drawn by Verdict Retail delves deep into the online shopping market in the UK, focusing on the key markets segments, the most popular merchant categories and on the widely used payment methods. The research report investigates the market size, estimates the market shares, uncovers data on consumption patterns, retail spending and overall online consumer spending. It presents an overview of the key barriers to online shopping market growth in the country, highlights the currently prevailing and also emerging market trends, and also outlines future growth prospects and opportunities.
More insightful markets research reports by this publisher are provided at Verdict Retail page.