Online retail sales volume in Latin America lags the phenomenal growth seen in North America, Europe and Asia, yet there are indications that the region may be set for rapid growth. yStats.com CEO Y�cel Yelken notes that �Latin America is influenced by Global E-Commerce trends such as mobile shopping and payments as well as cross-border purchases.� More details are revealed in yStats.com�s newest report �Latin America B2C E-Commerce Market 2018.�
Brazil is the regional leader in online retail sales volume and is expected to see continued growth. Purchases through mobile devices accounted for about a third of total online transactions in 2017, and the yStats.com report discloses that smartphones are used more often for online shopping research than purchases. The items frequently purchased online in Brazil through mobile include clothing, food and electronics.
M-commerce well accepted in Latin America
Thanks to burgeoning smartphone penetration, mobile commerce has seen growth rates in the double digits in some nations of the including Argentina, where smartphone app for MercadoLibre is the most used shopping app. In Columbia and Mexico, smartphones are used to connect to the Internet at a rate nearly twice that of laptop Internet connection. Though M-commerce has recently propelled online shopping, surveys cited in the yStats.com report show that factors such as security concerns and delivery issues restrain more rapid adoption of B2C E-Commerce in Latin America.
For further information, see: https://www.ystats.com/wp-content/uploads/2018/11/2018.11.02_Product-Brochure-Order-Form_Latin-America-B2C-E-Commerce-Market-2018_yStats.com_.pdf
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About yStats.com
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.
