New Report from yStats.com Projects Continued Growth in Online Retail in Malaysia
The latest publication from Hamburg-based business research company yStats.com, “Malaysia B2C E-Commerce Market 2019,” cites research pointing to continued expansion of the online retail sector through the middle of the next decade. Among the trends propelling the growth are social media shopping, cross-border purchases and use of mobile devices in the search and buy process.
Already a regional leader in the area of online retail sales growth rate and total sales, Malaysia is projected to keep this position in the near future, thanks to the high Internet penetration rate and growing comfort of connected individuals with buying online. Sources cited in the yStats.com foresee double-digit growth of online retail sales through 2025.
Social media and mobile shopping help drive the expansion of online commerce.
Recent surveys cited in the yStats.com report indicate that well over half of Internet shoppers in Malaysia use a mobile device for their purchases. The spread of smartphones leads to increased digital shopping. Another related trend driving increased online sales in Malaysia is social media commerce, especially through WhatsApp and Facebook applications. Cross-border shopping from Malaysia is a further active trend helping increase total B2C E-Commerce sales in the country.
Regional online merchants compete with international sellers for the attention of Malaysian online shoppers.
The Malaysian branches of two online shopping platforms based in nearby Singapore, Lazada and Shoppee are the leading websites in shopping traffic and have been in close competition in recent months in monthly total website visits. Even as these two leaders expand their product offerings and services to consumers, other regional players, such as Indonesia’s Bukalapak and Chinese players such as Taobao and AliExpress are increasing their presence on the peninsula.
For further information, see: https://www.ystats.com/wp-content/uploads/2019/08/2019.08.13_Product-Brochure-Order-Form_Malaysia-B2C-E-Commerce-Market-2019.pdf
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Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
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