Divergent Perspectives - Internet/eCommerce Statistics

The internet serves as an unparalleled global connector, offering boundless opportunities for those who are bold, brave, and creative. Consider the staggering statistics:

Key Figures

  • Global Population: 8.1 Billion
  • Mobile Users: 6.3 Billion (68%)
  • Internet Users: 5.3 Billion (66%)
  • Social Media Users: 4.9 Billion (60%)


Detailed Insights

  • The average person spends 6 hours and 30 minutes online daily.
  • There are approximately 1.7 billion websites worldwide.
  • Global eCommerce generates $4.2 trillion in revenue.
  • Predictions suggested 2.05 billion digital buyers worldwide by 2020.
  • Convenience is the primary reason for online shopping, cited by 81% of consumers.
  • 81% of shoppers conduct online research before making a purchase.
  • Consumer trust leans heavily towards recommendations from friends and family (81%).
  • 65% of shoppers compare prices on mobile devices while in physical stores.
  • Poor customer experiences lead 80% of people to cease business with a company.
  • Easy accessibility to company representatives fosters consumer trust.
  • On average, only 2.86% of eCommerce website visits convert to purchases, with 69% of shopping carts abandoned due to unexpected additional costs.
  • Abandoned cart follow-up emails achieve a 45% open rate.
  • Approximately 52% of online stores embrace omni-channel capabilities.
  • Nearly half (48%) of online shoppers prefer large eCommerce marketplaces.
  • Mobile commerce accounts for 67.2% of digital sales.
  • Negative mobile website experiences reduce future purchases by 62%.
  • Lengthy mobile page load times significantly increase bounce rates.
  • Younger demographics allocate more time to online shopping.


Summary

  • Now is an optimal time to launch an online store.
  • Businesses lacking online presence should establish one promptly.
  • Prioritize convenience in customer experience; platforms like Facebook Shop can facilitate this.
  • Utilize Google Shopping for product advertisement.
  • Craft comprehensive product pages to address consumer queries.
  • Leverage social proof to bolster trust and drive sales.
  • Focus on stellar customer service to enhance retention.
  • Continuously optimize website conversion rates.
  • Streamline checkout processes to reduce cart abandonment.
  • Minimize surprise fees and consider offering free shipping.
  • Implement automated email campaigns for abandoned carts.
  • Offer a seamless, personalized omni-channel experience.
  • Create attention-grabbing ad designs.
  • Build visitor trust through website optimization.
  • Opt for mobile-optimized website themes.
  • Improve website load speed by resizing images.
  • Define and cater to a clear target market.
 

 
 
 
 
 
By PragICTS
Expediting Business Outcomes
 


 
 

 


 
 

Comments

Post a Comment

Popular posts from this blog

Information Technology Infrastructure Library (ITIL), A Must for IT Operations

Image
ITIL is a globally recognized framework that standardizes the selection, planning, delivery, and maintenance of IT services within a business. It is a framework designed to standardize IT service management practices, ensuring efficient service delivery aligned with business goals and aims to enhance efficiency, ensure predictable service delivery, and align IT activities with business requirements. By adopting ITIL, organizations can transform IT administrators into strategic business partners rather than just support staff. 01 Strategies ITIL emphasizes several strategic aspects:   Value - ITIL encourages organizations to focus on delivering value to customers and stakeholders. Collaboration -  Effective communication and collaboration between IT and other business units are essential.  Process Optimization -  ITIL promotes continuous improvement of IT processes. 02 Standards ITIL provides guidelines to align IT services with business objectives for consistent deli...
Read more

Top Use Cases for Firewalls

Image
Firewalls play a pivotal role in network and cybersecurity, offering essential protection against a wide range of threats. Here's a concise overview of their top use cases: 1.   Perimeter Protection: Firewalls establish a barrier between internal networks and the Internet, filtering incoming and outgoing traffic based on predefined rules. These rules can include protocol, IP, port, application, time, and bandwidth filtering, allowing only authorized traffic to pass through. 2.   Access Control: Firewalls enable granular control over network resource access, essential for maintaining data confidentiality and meeting compliance requirements. 3.   Intrusion Prevention System (IPS): Firewalls equipped with IPS functionality actively identify and block malicious activities in real-time, including known attacks and zero-day exploits. 4.   Virtual Private Network (VPN) Enforcement: Firewalls often serve as gateways for VPN connections, providing secure a...
Read more

AI, is it fast getting commoditized? Where will the edge be?

Image
Artificial intelligence (AI) is progressively transitioning into a commodity, characterized by increased accessibility and integration into diverse products and services. These AI offerings are being bundled and presented as services, making them easily available to both businesses and individuals. The availability of AI services on cloud computing platforms allows users to tap into pre-trained models, facilitating the development of applications without the need to start from scratch. This commoditization of AI services is breaking down entry barriers, enabling businesses of varying sizes to seamlessly integrate AI into their operations without significant upfront investments in expertise or infrastructure. Furthermore, many companies now provide ready-made AI solutions tailored for specific industries or use cases, reinforcing the perception of AI as a commodity. This trend is expected to persist as AI technologies mature, becoming even more user-friendly and accessible. As AI become...
Read more