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SmartDebit respond to US e-commerce report(March 21, 2013)
(PRWEB UK) 21 March 2013
According to Forrester, an independent research company, US online retail sales will increase from US$231 billion in 2013 to US$370 billion by 2017, representing a 10 per cent annual growth rate over the next five years. The US e-commerce sector already accounts for around 8 per cent of total retail sales in the US; this predicted growth will see the online market out strip the high street.
The same source estimates that European online sales will reach 191 billion by 2017; an increase of 10.5 per cent compound annual growth rate from 128 billion in 2013. This forecast includes a breakdown by country retail spend as well as factors leading to continued growth. The UK is forecast to seen an increase in e-commerce sales from £39 billion in 2013 to £55 billion in 2017.
The US e-commerce sector is driven by two main factors, the increase smartphone and tablet usage, boosting the amount of time spent online by consumers, and increased investments by traditional retailers in their online sales divisions. Recent data shows that over half of US e-commerce consumers now own smartphones and regularly use them to research potential purchases, compare prices and find stores, and often purchasing goods and services directly through the device.
SmartDebit provide a Direct Debit payment collections service on behalf of businesses, charities and clubs, including an e-commerce facility to sign their customers, donors or members to sign up to pay by Direct Debit via their website. Always interested in the latest research into online sales, a spokesperson from the Surrey-based bureau commented, As society continues to move into the digital era, the importance of organisations investing in e-commerce facilities is absolutely critical. In the UK, online retail already accounts for 13 per cent of the total economy and is expected to increase to 15 per cent in 2017. Western Europes online market will increase at a faster rate than the US over the next five years, meaning organisations must seriously look at their business models to incorporate this or risk falling behind the competition.
SmartDebit is the UKs leading Direct Debit Bureau, specialising in payment processing services since 1998. A Bacs approved Bureau, scoring Excellent in all five categories of the Bacs audit, and ISO 27001 compliant. Providing a complete range of services: Outsourcing; SmartDebit Admin cloud based portal; SmartDebit Online payer sign up; SmartDebit API integrated solution and SmartDebit Contingency.
Read the full story at http://www.prweb.com/releases/SmartDebit/e-commerce/prweb10552614.htm.