Boston, MA -- (SBWIRE) -- 06/20/2014 -- In 2013, internet retailing enjoyed healthy current value growth of 13%, ending the year with sales of Ps11 billion. This was the result of increasing internet usage among Filipino households, as well as overall greater ease in performing online payments. This was linked to the growing number of Filipinos employed by business process outsourcing companies online, who typically receive payments through online means, such as PayPal or Xoom. This has paved the way for more options other than credit cards to make purchases online.
In 2013, Zalora and Lazada have quickly risen to become the top players in Philippine internet retailing. Their leadership position stems from their effective positioning in their specific product categories, such as Zalora in apparel, and Lazada in consumer electronics.
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Internet retailing is expected to continue performing robustly throughout the forecast period. Constant value sales are expected to grow by a CAGR of 11% as online transactions will become increasingly more common and familiar to Filipinos.
Discover the latest market trends and uncover sources of future market growth for the Internet Retailing industry in Philippines with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Internet Retailing industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.
The Internet Retailing in Philippines market research report includes:
- Analysis of key supply-side and demand trends
- Detailed market shares for international and locally-based retailers
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
- Who are the leading retailers in Philippines?
- How quickly is internet retailing growing in Philippines?
- What products are selling best over the internet?
- Which internet sites are attracting the most sales?
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