Two things that bring consumers online and get them to complete their orders: Mobile phones and free delivery, recent Morgan Stanley survey finds.
Around the world, more people than ever are shopping online. Beyond more choices and inventory, free online movies, or the promise of same-day drone deliveries, what’s main impetus for growth in the sector?
Here’s a look at the numbers:
Mobile Share of Online Shopping Has Grown Dramatically
Mobile eCommerce penetration has surpassed 20% in 6-of-10 major markets.
Percentage-Point Gains for Mobile eCommerce: 4Q14 vs. 1Q15
While China leads the mobile pack, developed markets, such as Australia, the UK and US, also logged big gains.
Smartphones Lead Tablets in Mobile eCommerce
While its initial love-affair with tablets seems to have cooled, eCommerce continues its steady relationship with smartphones.
Free Delivery Is King of Online Shopping
Globally, same-day delivery and faster delivery have become less important for online shoppers.
China and India Online Shoppers Buck the Trend
Speed of delivery is more important for online shoppers in the BRIC (Brazil, Russia, India, China) markets than in developed markets such as Japan, the UK or US.
Online Shoppers Rank Most Important vs. Least Important Services
Free, less expensive, and more secure shopping top rankings…
For more Morgan Stanley Research on global eCommerce, ask your Morgan Stanley representative or a Financial Advisor for the full report, “Source: AlphaWise eCommerce Survey: Free Shipping Trumps Same-Day...And Smartphone eCommerce Budding" (Jul 28, 2015). Plus, more of our latest ideas.