A.T. Kearney, a market research firm, recently released the results of its latest study, the Global Retail Development Index (GRDI). This report lists the top 30 emerging markets that are identified as promising locations to set up a retail business.
Here are the top 5 Fastest Ecommerce and Online Retail Markets,( the Ecommerce Index according to Kearney. These are the top 5 nations on this index:
1. China: With 513 million internet users, a robust online marketplace has 164 million online shoppers, and is valued at $23 billion and predicted to hit $81 billion within 5 years, with an annual growth rate of 78% since 2006
2. Brazil: Its 80 million internet users performed 20 million transactions in 2011 in a marketplace that is valued at $10.6 billion currently, and expected to increase its online spend to $18.7 billion by 2017. 3. Russia:
3. Russia :With 60 million online users, Russia is the largest European internet population. Its 15 million online shoppers make purchases on an online marketplace that is worth around $9 billion, and expected to increase up to $16 billion by 2016
4. Chile: This country has grown 27% since 2006 and has the highest percentage of online shopping, with 71% of users purchasing on the internet.Although its $749 million sales are relatively few compared to other markets. These figures are expected to double in the next 5 years though. Here are the top 5 Fastest Ecommerce and Online Retail Markets,( the Ecommerce Index according to Kearney. These are the top 5 nations on this index:
1. China: With 513 million internet users, a robust online marketplace has 164 million online shoppers, and is valued at $23 billion and predicted to hit $81 billion within 5 years, with an annual growth rate of 78% since 2006
2. Brazil: Its 80 million internet users performed 20 million transactions in 2011 in a marketplace that is valued at $10.6 billion currently, and expected to increase its online spend to $18.7 billion by 2017. 3. Russia:
3. Russia :With 60 million online users, Russia is the largest European internet population. Its 15 million online shoppers make purchases on an online marketplace that is worth around $9 billion, and expected to increase up to $16 billion by 2016
5.Mexico: Mexico’s internet penetration is the fastest growing worldwide, online sales are currently valued at $1.2 billion per year, and expected to triple to $4.4 billion by 2016.