Consider just one of the challenges today’s models create. Global Cross-border eCommerce Market, Forecast to 2025: Published: December 3, 2019: ... RELATED REPORTS. China to become largest cross-border e-commerce market by 2020: Report The total value of products sold by online retailers to overseas consumers will reach $994 bn by 2020… <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 959.64 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Both companies are vying for dominance of the rapidly growing cross-border e-commerce market, which by 2020 is expected to swell into a $1 trillion industry serving 900 … ... Saudi Arabia B2C E-Commerce and Payment Market 2020 and COVID-19's Impact UAE B2C E-Commerce and Payment Market 2020 and COVID-19's Impact Kazakhstan B2C E-Commerce and Payment Market 2020 and COVID-19's Impact 2015 3 Cross border B2C ecommerce market definition: in context of global Global Cross Border B2C e-Commerce Market 2020: Report ... With more than one in two global online shoppers making The five-year agreement will see the partners create a global network of digital hubs supporting connected vehicles. x���{Wg�7��p�d�3���*��� �Vj���*ջP�ZD@ �G|'��[1�M���?2�J2����u���U� |q���y�V#�&��e��)��q� In many cases, the only alternative is shopping on websites in other countries or from marketplaces such as Alibaba Group’s Tmall.com, a Chinese B2C website that hosts merchants from around the world. According to the Accenture-AliResearch report, China is expected to drive much of the growth of cross-border e-commerce in coming years because the country’s large and growing middle class is hungry for authentic, good-quality foreign products. Asia Pacific is leading the pack, not only in overall GMV, but also in volume growth of cross-border e-Commerce, contributing 53.6% of the incremental trade volume over the period of 2014 to 2020. This point of view is based on the results of our online consumer communities. stream 5 0 obj 3 0 obj Cross-border E-commerce to Reach $1 Trillion in 2020 ... Sources: AliResearch – Accenture, Global Cross Border e-Commerce Market 2020, Jun. Cross Border B2c E Commerce Market 2020 Report market expected to reach around USD 4,856.1 billion by 2027, growing at a CAGR of 27.4% between 2019 and 2027. Click here to find out. Title Download Title Accenture’s Fourth Quarter Fiscal 2019 Earnings Press Release: Download Accenture’s Fourth Quarter Fiscal 2019 Earnings Press Release: Title Fourth Quarter Fiscal 2019 Supporting Materials: Download Fourth Quarter Fiscal 2019 Supporting Materials: Title Fourth Quarter Fiscal 2019 Infographic ;(/g\�T?���M��ȑ�fV;>�4�h��i�3��"�|o�Q.hDZ��٨]����Y�R����R���N���2���k�+K�|��M,ˁW�T��EMXV�.�'������s���m���|[��A�Z ���k; �i�;�{E���č��s'�t�����?�u�[���L���\�9��}~�8k�e��D Global Cross Border B2C e-Commerce Market 2020: Report highlights & methodology sharing Apr. 1 0 obj The global B2C cross-border e-commerce market will balloon in size to $1 trillion in 2020 from $230 billion in 2014, according to a report from global consulting firm Accenture … “Especially noticeable is the Gulf region, with luxury cross-border online sales to this region booming since April,” the report notes. “By 2020, more than 900 million people around the world will be international online shoppers, with their purchases accounting for nearly 30 percent of … Download File PDF Global Cross Border B2c E Commerce Market 2020 Report The global B2C cross-border e-commerce market will balloon in size to $1 trillion in 2020 from $230 billion in 2014, according to a report from global consulting firm Accenture and AliResearch, Alibaba Group’s research arm. endstream In the report, researchers forecasted cross-border ecommerce will see compound annual growth of 27.4% over the next five years, double the rate of worldwide B2C shopping as a whole.2. China will become the largest cross-border B2C market by 2020, with the transaction volume of imported goods purchased online reaching $245 billion, according to Accenture-AliResearch. According to a report from Accenture and AliResearch B2C cross-border e-commerce is expected to increase to US$1 trillion in 2020, from US$230bn in … People’s information—whether medical, shopping or other data—is generated, %PDF-1.5 China will become the largest cross-border B2C market by 2020, with the transaction volume of imported goods purchased online reaching $245 billion, according to Accenture-AliResearch. The report predicts over 200 million Chinese consumers will be cross-border shopping in five years. Global Cross-Border B2C E-Commerce 2014 Page 5/25 Sep 07, 2020 (Market Insight Reports) -- (New Jersey) Global Blockchain Distributed Ledger Market Report from AMA Research highlights deep … 2016 Cross border … The global B2C cross-border e-commerce market will balloon in size to $1 trillion in 2020 from $230 billion in 2014, according to a report from global consulting firm Accenture and AliResearch, Alibaba Group’s research arm. endobj To learn more about cross-border e-commerce, click here. Source: “Cross Border e-Commerce Shopper Survey 2017”, IPC; eCommercelogistics In the United States, April 2018, Armstrong & Associates; Accenture analysis Clear … Singapore and Malaysia account for more than 50% of the total cross-border e-commerce What is cross-border e-commerce? More than 900 … %���� <> China will become the largest cross-border B2C market by 2020, with the transaction volume of imported goods purchased online reaching $245 billion, according to Accenture-AliResearch. x���Ok�@����Tv^���J����mc�!��&�jE��K�}W����m�}3��7��W\]M���t}�ټ�tq��ڊ�H���0S���N�#t�H>�U$C�" The report predicts over 200 million Chinese consumers will be cross-border shopping in five years. NEW YORK and LONDON; Nov. 24, 2020 – The rapid shift to digital payments due to the COVID-19 pandemic is urgently increasing the need for banks to modernize their payment systems, according to a new report from Accenture (NYSE: ACN). g �o����5���i�>�~8S�Vt� endobj Nearly half of all French consumers regularly buy from cross-border merchants and 19% of all online sales in 2016 were made on non-domestic websites, four point higher than the European average of 15%, most frequently Germany, the UK, Belgium, the US, and China. China will become the largest cross-border B2C market by 2020, with the transaction volume of imported goods purchased online reaching $245 billion, according to Accenture-AliResearch. The global cross-border B2C market will register compound annual growth of 27.4 percent from 2014 to 2020. Globalization has accelerated the variety and volume of cross-border transactions Page 9/29 ��b5oo�ݝ�;�u ��e�qZM�@�ߦ�x>Η�֛��] The global B2C cross-border e-commerce market will balloon in size to $1 trillion in 2020 from $230 billion in 2014, according to a report from global consulting firm Accenture and AliResearch, Alibaba Group’s research arm. <> Italian vehicle manufacturer CNH Industrial is teaming up with Accenture and Microsoft in a move to imbue its industrial vehicles used in the farming, mining, agriculture, and transportation fields with enhanced digital capabilities, the company said today. endobj ��U�E燸��?ѿ] g F�[M����|�4f�A�}�?˚��~e��_ �W�U�^H�s�1Ә}��x.���J�Z/:cu _�7e�qZ�Y�T��~\܋�j����f#}���T6� �[M��5o5�#B��A��ռ�wȟE{1�~���Gu��aR?Փ�Z��� ����\�sd�ҷQ���=�u�y�5������L��E��I����� Έ��3���Qs��5�Ŵ�"0Y/:KY�����M��ۍ쇸XL���� N����0)��f*��Ǭ����);+y�qZ݉��Ù�A|5L�������N <>>> 2015 3 Cross border B2C ecommerce market definition: in context of global executives worldwide that Accenture surveyed for the Technology Vision report this year, 81 percent acknowledge that technology has become an inextricable part of the human experience. Cross-border online shopping is gaining popularity particularly in emerging markets, where consumers can find it hard to find affordable imported products in local shops. © 2020 Verizon     Privacy Policy | Terms of Service | GDPR Privacy Notice, https://s2.yimg.com/lm/ysbp/img/9PQBX2_GYvMByaALnnUKFnFnGy1SFj6FfRmEWzN21_BNOegxH2yvj_L9BGzHxYBe.jpg, Free Tools to Bring Your Business Online for COVID-19, COVID-19 Small Business Resource Center (updated weekly), 12 Holiday Email Marketing Tips To Boost Sales. PARIS, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Leading logistics operator GEODIS and Accenture Interactive, part of Accenture (NYSE: ACN), today unveiled a … Sources: AliResearch – Accenture, Global Cross Border e-Commerce Market 2020, Jun. In the report, “Cross-border B2C E-commerce Market Trends,” researchers forecast that this increasingly popular form of online shopping—entailing consumers taking to the Internet to buy products directly from overseas retailers—will see compound annual growth of 27.4 percent over the next five years, double the rate of worldwide B2C shopping as a whole. By 2020, more than 900 million people around the world will be international online shoppers, the report says, with their purchases accounting for nearly 30 percent of all global B2C transactions. stream The report predicts over 200 million Chinese consumers will be cross-border shopping in five years. endobj Here’s how things break down graphically in charts from the report: The global cross-border B2C market will register compound annual growth of 27.4 percent from 2014 to 2020. Press release - Reports Monitor - Cross-border E-commerce Market 2020- Current Scenario, Market Share, Future Opportunities, Keyplayers - AliExpress, EBay, Amazon, Taobao etc. <> View dtl_eweek2016_AlibabaResearch_en.pdf from MG 211 at London School of Economics. According to a 2016 report from Accenture, the numbers of consumers purchasing items from overseas e-commerce sites is growing rapidly. China will become the largest cross-border B2C market by 2020, with the transaction volume of imported goods purchased online reaching $245 billion, according to Accenture-AliResearch. More than 900 million consumers – 45 percent of all online shoppers – will purchase products internationally on the Web by 2020. ���^�����&. Get Free Global Cross Border B2c E Commerce Market 2020 Report Global Cross-Border B2C E-Commerce 2020 - GII Global cross-border B2C e-commerce market expected to reach around USD 4,856.1 billion by 2027, growing at a CAGR of 27.4% between 2019 and 2027. Globalization has accelerated the variety and volume of cross-border transactions in products and services via widespread and rapid diffusion of technology. The report predicts over 200 million Chinese consumers will be cross-border shopping in five years. Meanwhile, global luxury cross-border web sales grew 39% year over year in both April and May. mounting threat, Accenture and IPSOS recently carried out research into Asian consumers, tracking their e-commerce preferences, pain-points, and motivations. ��}Qj�����YW�Ǽ�7��fY T���VQ����X��*0�&�9V�����ɣ\lڟʰ\oPt�X�n�P���]~. 2 0 obj �x�5�7ң'+���˼���x7�]�sw��Bp�n�C{_ According to Accenture, cross-border, business-to-consumer sales totaled more than $500 billion in 2017, and the firm expects that figure to double by 2020. By 2020 the market is expected to be worth some $476 billion in the Asia Pacific region alone, up from just $71 billion in 2014. 4 0 obj Even stronger growth is expected for cross-border retail, which is expected to rise 27 per cent annually to hit 1 trillion by 2020, as consumers who shop for overseas products online are set to triple during the same period, state-run Xinhua news agency reported today. According to IPC and Accenture reports*, Asia Pacific is forecast to account for two-third of the global e-commerce market and reach US$ 3 trillion by 2021. France – The fastest growing e-commerce segment in France is cross-border purchases. China’s middle class today is equal in size to the entire U.S. population and is expected to reach 630 million by 2022, according to management consultancy McKinsey. Cross-Border shopping in five years sales to this region booming since April, ” report! 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