Online Consumer Payments Market in 28 Countries by Sizes, Channel, Consumer Spending Patterns and Strategic Analysis Published in 2017 Report

The Online Consumer Payments Market: Sizing the Opportunity report says 20% of the total value of online commerce transactions across all markets will be accounted for by m-commerce by 2020, with the market recording a compound annual growth rate of 17% from 2015 to 2020.

March 28, 2017 /MarketersMedia/ —

This Online Consumer Payments market report examines the online consumer payments market in 28 global markets, considering the overall market size and its development, as well as the importance of mobile devices as opposed to desktop and laptop computers. The report also breaks down the online market by the type of goods consumers buy and the tools they choose to pay with, considering how consumer buying behavior has changed and the drivers of this change.

Browse 12 Figures, Spread across 33 Pages Available at http://www.reportsnreports.com/reports/933284-online-consumer-payments-sizing-the-opportunity.html

Online consumer payments remain the biggest growth market in payments, and will continue growing strongly as more consumers gain access to the internet and to tools that can be used online. Developing countries - particularly China - are expected to be at the forefront of this growth, although even the most developed online commerce markets will grow strongly over the next five years.

Key Findings:
The Sizes the online consumer payments market in 28 countries.
The report analyzes the breakdown of online commerce by channel in all 28 markets.
Considers consumer spending patterns on goods and services online and how these have changed in recent years.
Explores the online payment market by payment tool and assesses the position of traditional payment tools such as cards against alternative tools in key geographic markets.
The report provides key strategic recommendations for merchants and payment providers based on the prevailing trends in the online payments market.

Scope:
China overtook the US as the world’s largest online commerce market in 2015, with Chinese consumers spending a total of $699bn online that year.
20% of the total value of online commerce transactions across all markets will be accounted for by m-commerce by 2020, with the market recording a compound annual growth rate of 17% from 2015 to 2020.
Consumer spending patterns online have shifted over the past three years to a wider range of merchant categories. The market is no longer dominated by high-ticket goods categories to the same extent it has historically been.

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Table of Contents:
1. EXECUTIVE SUMMARY 2
1.1. Online payments is the biggest growth market in payments 2
1.2. Key findings 2
2. THE GLOBAL OPPORTUNITY 6
2.1. Introduction 6
3. STRATEGIC RECOMMENDATIONS 26
4. APPENDIX 29

List of Figures:
Figure 1: China overtook the US as the largest online commerce market in the world in 2015 7
Figure 2: The average UK household spent a total of $5,900 online in 2015 8
Figure 3: M-commerce is most developed in Southeast Asian markets 9
Figure 4: More than half of internet users in South Africa and the UAE do not shop online regularly 12
Figure 5: 40% of consumers who do not shop online regularly prefer to see what they are purchasing in-store 13
Figure 6: Online card fraud is concerning for the majority of consumers - even in low-risk markets 15
Figure 7: Flight and hotel bookings accounted for 14% of online spending globally in 2015 16
Figure 8: Food and drink accounted for 14% of the total number of online transactions in 2015 17
Figure 9: Payment cards are particularly dominant for online spending in Europe 19
Figure 10: PayPal has a strong market presence in Western Europe 21
Figure 11: In China, digital wallet Alipay holds a 33% share of online commerce by value 23
Figure 12: Over half of the total value of Dutch online commerce is accounted for by iDEAL 24

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Source: MarketersMedia

Release ID: 181093