Industry Analysis & Industry Trends
The E-Commerce & Online Auctions industry has experienced exceptionally rapid growth since the beginning of the decade, outperforming most retail sectors. As internet use becomes more commonplace, consumers are more likely to purchase goods from online retailers. Growth in this industry is also due to consumers becoming more comfortable purchasing items online. In particular, internet payment systems like PayPal have made buying online easier and more secure, helping retailers sway security-minded consumers and attract repeat buyers... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In the 10 years to 2019, industry value added, which measures the industry's contribution to the US economy, is expected to increase at an annual rate of 8.9%. Meanwhile, US GDP is forecast to rise at an average annual rate of 2.7% over the same period. The industry is in a growth phase of its life cycle because its growth rate outpaces GDP over a 10-year period, and the industry is still experiencing the entrance of many new operators and rapid innovation.
Over the five years to 2014, the number of online retailers and auction sites has increased at an average annual rate of 12.7% to an estimated 137,544. And the number of industry operators is forecast to continue to increase; over the five years to 2019, the number of establishments is expected to rise 9.2% to 213,230... purchase to read more