CAGR from 2012 to 2017

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Consumers now prefer to shop online instead of visiting brick-and-mortar stores. In fact, it is predicted that the online retail sales will increase to $370 in 2017.
Let’s have a look at a few other statistics that will make you learn about the ever-increasing popularity of online shopping:

  • Based on a survey conducted by “The Intelligence Group (TIG)”, it was observed that nearly 72% of Millennials search for their favorite products and shop for them online prior to going to any store/mall.
  • Over 80% of the online surfers have already made purchases over the web, and more than 50% of consumers have purchased using the Internet more than once.
  • Around 36% of the online population spend over 30 minutes and 16% spend more than 16 minutes, in comparison shopping before making the final decision on buying their choice of products and so on.
  • In most of the companies 90% of their decisions relating to purchasing begins with an online search.

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