By: EZ Texting
According to eMarketer’s latest estimates, one-third of all 2015 online sales in the UK will take place on smartphones and tablets. The figure is believed to increase by over 40 percent by 2019. eMarketer also estimates that UK retail ecommerce sales will rise 14.5 percent this year to reach £60.4bn. This increase is due to an improved economy, more purchase delivery options, and shoppers turning to mobile devices for buying products and services.
Digital will function as the “main driver” of overall retail sales growth, and subsequently its share of total retail sales will increase to 14.4 percent this year. The increase puts the UK on top of global rankings in regards to ecommerce’s portion of total retail sales. China will be second, with a 12 percent share. The U.S. is farther down the line at 7.1 percent.
Additionally, growth trajectory for mCommerce sales is quite sharp, with this year’s forecast predicting a 30.3 percent increase. eMarketer experts say UK retail mCommerce sales “will reach £19.9bn in 2015, and by 2019, that figure will almost double to just short of £37bn.”
Tablets are especially essential to UK mCommerce sales growth, says eMarketer, as more and more consumers use the devices for “lean-back browsing” of potential purchases. Some retailers are putting extra effort into their tablet retail sites and apps, ensuring they’re both rich and responsive. eMarketer predicts that in 2015 tablet retail mCommerce sales will reach £13.3bn, nearly 67 percent of overall UK retail mcommerce sales. Compare that to 2013, when tablets accounted for a 60.5 percent share of such sales.
“That mobile is playing an increasingly important role in the retail shopping habits of UK consumers is without question, be that via smartphone, phablet or tablet,” said eMarketer analyst, Bill Fisher. “What this demonstrates, though, is that digital shopping and buying long ago entered the mainstream for most UK consumers, and buying via mobile is just the next step. Indeed, device-agnostic buying, thanks to users’ familiarity with these various device types, is becoming the norm.”
Even though consumers have demonstrated their willingness to rely on tablets and other mobile devices for making purchases, many retailers have been slow to adapt. Security concerns are one reason for this, and new payment technology options have stagnated as a result. However, the UK is set to establish itself as a huge player in the mobile commerce market over the next few years.