Growth of e commerce in Singapore| 2018

Growth of e commerce in Singapore| 2018

E-commerce is not just basically the buying and selling of products over the internet. It is far more than that I had explained in my previous articles

If you want more about ecommerce you should read these articles also

What is Ecommerce?
Top 10 E-Commerce Benefits and Limitation of E-commerce

As Ecommerce world is emerging and controlling the industry in the world. so Singapore is also focused on this industry.Singapore new ecommerce startups have controlled the ecommerce industry. Now from last few years, the industry has triple the worth more than US$5 billion and it crosses the casino industry which is worth US$ 4 Billion. The Ecommerce industry is really making a impact in Singapore and now they are almost 6.3% of the retail Which 2.3 a year back it is really amazing. These are few of the ecommerce stores which are making real impact and doing a great business in these years and people are loving their products.

ECOMMERCE SINGAPORE STORES

  • Qoo10.

  • Carousell. …

  • Lazada. …

  • Zalora. …

  • eBay.com.sg. …

  • Redmart. …

  • Rakuten Singapore. …

  • Shopback

The ecommerce stores are increasing day by day and people are very much interested in investing in this business  because ecommerce has a future but still in Singapore lot of problems there like

Some of the Problems in Singapore ecommerce

  • Lack of IT education
  • Lack of trust in online shopping
  • Large Amount of Population still has no bank account
  • A significant amount of fraudulent activity Then most people avoid online shopping

 

Future of ecommerce in Singapore

The Future is surely bright.One day the ecommerce will take down the retail. After 2020
the ecommerce prediction is that ecommerce worth will increase 10 times and it will increase as compared to retail worth. Because the new generation of Singapore is tech-savvy and when ecommerce industry will increase its size and gain more trust. Then they will surely have a present and future.
 

 

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