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Global e-retail sales expected to reach $1.7 trillion in 2015
The new research, Mobile & Online Purchases: Cards, Carrier Billing & Third Party Payment Platforms 2015-2020, observed that players such as Twitter, Facebook, Pinterest and Instagram had already launched 'buy' buttons from their mobile apps. It claimed that such players are also likely to enhance their sales prospects through strategic retailer partnerships, with Twitter already enabling users to link their accounts to Amazon.
The research also argued that online retailers were increasingly seeking to reduce time to consumer by launching same-day delivery, while brick-and-mortar stores now widely offered next-day in-store collection - often charging a premium for this option.
Integration between in-store and online is critical
However, the research cautioned that retailers need to deliver a consistency of message, branding and shopping experience across all channels. It argued that integration between in-store and online is also critical if the retailers want to maximise the extent to which that can identify a unique individual's omni-channel shopping habits.
According to research author Dr Windsor Holden: "The key is to ensure that consumers are allowed to choose their own path to purchase, rather than have it effectively mandated by channel limitations."
Other findings from the research include:
- Smartphones will account for more than 40% of e-retail transactions by 2020;
- While carrier billing should provide content providers with a key mechanism for monetising digital content, its use for physical goods purchase is likely to be limited by comparatively higher share of revenues demanded by network operators and billing platforms.
The white paper, Buying Into Online Shopping, is available to download from the Juniper website together with further details of the full research and the attendant Interactive Forecast Excel (IFxl).
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.