yStats.com, a leading secondary market research firm based in Hamburg, Germany, has published a new report, titled “Western Europe B2C E-Commerce & Online Payment Market 2019.” The report summarizes the key E-Commerce and payment trends in the region and projects continued growth of online retail sales through 2022.
B2C E-Commerce sales in the EU-5 and the rest of Western Europe remain on the growth path, according to the forecasts cited in the yStats.com report. The growth rates are projected to decline through 2022, but the online share of overall retail sales is to continue to rise. The UK is the region’s leader both in terms of the market size and maturity: close to 20% of this country’s retail sales were online as of H1 2019.
Top E-Commerce payment trends in Western Europe
The leading payment methods used by online shoppers in the EU-5 include bank cards and digital wallets, such as PayPal. Payment security remains one of the top concerns of digital buyers and E-Commerce merchants, while the adoption of Strong Customer Authentication rules is projected help mitigate risks, on the one hand, but lead to losses in overall economic activity during the first year due to the low levels of readiness among shoppers and sellers, on the other.
For further information, see: https://www.ystats.com/wp-content/uploads/2019/10/2019.10.07__Product-Brochure-Order-Form_Western-Europe-B2C-E-Commerce-and-Online-Payment-Market-2019.pdf
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Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world’s leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.