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Forrester Predicts 10% Growth Rate For Online Retail


Big gains for the U.S. and Europe over the next few years

There's good news this afternoon for small business owners who sell things online: Forrester Research believes the online retail sector will continue to take off, making the U.S. market alone worth about $250 billion by 2014.

Here are the exact figures as relayed by a press release: "US online retail will grow at a 10 percent compound annual growth rate (CAGR) over the next five years to reach nearly $249 billion by 2014."  Which is quite impressive.

What's more, circumstances should improve at an even faster rate in Europe, considering that the release continued, "Online retail within the largest European Union nations in Western Europe will grow at an 11 percent CAGR over the same period, hitting 114 billion (or about $156 billion) by 2014."

Also, clothing is supposed to be one of the hottest product categories in both regions.

Business owners in all sorts of markets should establish a presence online if they haven't already, though, and existing sites should be tweaked and polished when possible.  Growth of the sort Forrester has forecast isn't the sort of thing anyone would want to miss out on.

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About the author:
Doug Caverly is a staff writer for SmallBusinessNewz.

Comments

 Wonder what the numbers

 Wonder what the numbers are exactly for the boat paint industry? Overall, I guess is an increase in all online sales.

569. What an awesome post!

569. What an awesome post! I love "looking in" other people's bags! lol seriously cool post, thanks :) pneumonia symptoms

Great News

Good news for all small businesses.

The benefits are really starting to show, as smaller companies use larger companies stratedgies to the advantage.

This is indeed great news! 

This is indeed great news!  I personally make many online purchases as it is far more convenient than :brick and mortar" shopping.  To be honest, it amazes me the number of companies who still don't ahve an online presence.

Forrester Predicts

The services industry could lag, however, as the analyst suggested that software sales would need to rebound before demand for integration and management services could recover.

ript language = JavaScript

ript language = JavaScript sr A server is just about being a main of many clients in a network. Once the main got problem, then all of the clients will be stopped and unworkable.

Wonder what the numbers are

Wonder what the numbers are exactly for the oat paint industry? Overall, I guess is an increase in all online sales. Very, really unfriendly place place! I am enamored it!! Will develop wager again - winning you feeds also, Thanks.

Great! This is indeed great

Great! This is indeed great news!  I personally make many online purchases as it is far more convenient than :brick and mortar" shopping.  To be honest, it amazes me the number of companies who still don't ahve an online presence.

That is some inspirational

That is some inspirational stuff. Never knew that opinions could be this varied. mens ties Thanks for all the enthusiasm to offer such helpful information here

Good idea about small business.

Wonderful concept about small business.As a small bussinesser i like this news from my heart and hope every small businessrer like as me. Thanks a lot..

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