The Growth Of Online Retail

When it comes to retail, the last number of years has seen a huge surge in popularity. There are many reasons for this – from accessibility to the ease of use, the developments in technology have helped to grow the online retail industry. These enhancements in technology have allowed consumers to have a smooth shopping experience.

Most retailers now have a digital element to their business, regardless of their industry. IBIS World conducted research that indicates over the next 5 years, online revenues will increase every year by 8.6%. Research also highlighted that there will be a significant upsurge in the total amount of consumers browsing as well as buying on their tablets and mobile devices.

But what does all of this growth mean for the future of the retail industry? Will physical stores become obsolete in some industries in favour of e-commerce enterprises? 2 Flow have looked into this topic and created the infographic below to display their findings. For all the details, let’s check it out!

Which of these online retail trends do you think will impact the industry the most? Tell us your thoughts in the comment section below!