E-Commerce is now the Hot cake!!!
Investors eyeing on the E-Commerce industry
If you have been observing the trends of the investors, you might have certainly noticed the importance E-commerce industry is receiving globally. With the advancement of technology, there has been a major shift in how the new generation consumer is shopping erstwhile a decade ago. The pace at which the E-commerce industry is growing is a stark indicator of how technology is evading the lifestyle of people and shopping.
Global Size of the market
According to Frost & Sullivan, the global online B2B (Business to Business) market is expected to grow at a faster pace making it twice as big as the B2C (Business to Customer) market by 2020 at an estimation of $6.7 trillion. Based on current economic statistics 40% of worldwide internet users have shopped online via multiple devices. This is approximately 1 billion online buyers. With more and more consumers checking out the websites and researching online before visiting stores, retailers can notice a higher influence of the web on their in-store sales.
What about the Thailand market?
The E-commerce industry in Thailand has received a huge push and is pounding ahead on the wheels of 4G Services. The 4G Services has brought in a fresh wave of encouragement among the online traders and marketers. According to reports from Electronic Transactions Development Agency the value of Thai e-commerce market is forecast to be a whopping 2.1 trillion baht by 2015 – a 3.65% growth year on year. The Revenue from the e-commerce market $3010million in 2016. Based on annual growth rate of 17.95%, revenue is estimated to be resulting in $5826.9 million by 2020.
Top trends to look out for in the E-Commerce Industry, Thailand
The Market`s most promising sector is Consumer electronics and Physical media. Glow is never going sheen away from Computer Electronics, Beauty and cosmetics and the fashion industry in Thailand. Whatever is being said about the E-commerce industry, one thing is of sure. E-commerce is disrupting the economy with its impressive growth in the Big and Small markets.
The promising growth is luring all the businessmen and industrialists into the E-commerce space. With new trend of shopping online among the new generation, vast opportunities are lying to be explored within the nascent but growing E-commerce industry in Thailand.
THAILAND E-COMMERCE SUMMIT 2016
Bangkok Entrepreneurs is organizing the most awaited conference on E-commerce ‘THAILAND E-COMMERCE SUMMIT 2016’ on 22nd June, 2016 @ Grand Hyatt Erawan, Ratchaprasong. Bringing founders and experts behind the success stories of Facebook, Braintree, Zalora, Ascend, WeLoveShopping, Lazada and more, all on one platform.
Some of the speakers are Ali Fancy (Zalora), Rathiya Jinn (Facebook, Thailand), Tarin Thaniyavarn (Lazada), Seubsakol Sakolsatayadorn (Ascend Commerce), Sunsern Samaisut (Ascend Group), Pawoot Pongvitayapanu (Tarad.com), Aung Kyaw Moe (2C2P), Tyson Hackwood (Braintree). These are some of the big names we are looking forward to listen to and learn from. We are also privileged to have some of the very young and dynamic professionals of Thailand E-Commerce industry like Mark Cleaver (SendIt), Terence Pang (Shopee), Sajinee Srichawla (Nielsen), Felicia Moursalien (aCommerce) and Vee Lertsaroj (425Degree.com).
Click to know more http://www.thailandecommercesummit.com/
Buy tickets online https://tecs2016.eventbrite.com
About Bangkok Entrepreneurs: Bangkok Entrepreneurs Co Ltd is an Event Management Company that organizes several Networking Events and Tech Conferences, including Bangkok Entrepreneurs, WebMob Thailand and the Thailand Startup Summit. Our mission is to help SMEs and Startups doing business, connect like-minded professionals and facilitate business partnerships. We also partner with business and Tech related third-party events in Thailand and in Southeast Asia (Echelon, TEDx Chiang Mai, Gmasa, etc.).