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Home > Web Blog > Growth Of E-Commerce Websites In Singapore 
Growth Of E-Commerce 
Websites In Singapore 
10 
May 
2014 
Tags: ecommerce ecommerce Singapore 
E-commerce is well on its way towards East and it is really no wonder that high-end 
brands have started formulating digital strategies to grab the attention of Asian 
markets.Even in these tough times of slow economic revival, e-commerce is doing quite 
well globally.According to recent studies conducted by various e-market researchers, in 
2013 e-commerce has seen a growth of more than 15% over the last few years and 
evidently Asia is driving this fast growth.In fact, Asia is accountable for more than 30% 
year-over-year increase in e-commerce sales. 
ABOUT INNOMEDIA BLOG 
INNOMEDIA BLOG IS MEANT TO PROVIDE 
RICH & USEFUL INFORMATION ABOUT 
ONLINE MARKETING AND OTHER AREAS 
LIKE WEB DEVELOPMENT AND MOBILE 
DEVELOPMENT. 
MORE LATEST BLOGS 
What Is A Landing Page 
And Why Its Important? 
30 Mar 2014 
What are landing pages? Lets 
understand first what are landing 
pages and what are the cases 
when you must use them. 
Google + 
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ABOUT US 
Know About Innomedia 
OUR SERVICES 
Internet Marketing Services 
OUR BLOG 
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Hermant Kalbag, partner and head of consumer products and retail practice in Asia 
Pacific at A T Kearney said: "The opportunity for online retailers came because there was 
inefficiencies in the system regarding sales commissions and real estate grades.So 
Internet retail essentially eliminated almost 20 per cent of the cost that retailers had, by 
operating in an online way." 
[Source: http://www.mfa.gov.sg/] 
Singapore, a country admired by many because of its high standards of living and avant-garde 
facilities, has emerged as one of the key players of e-commerce in Asia. Improved 
online sales coupled with a better-connected population has proved that where the web 
goes, the money is sure to follow. even though Western Europe and US remain major 
contributors to the overall development of global e-commerce sector, one can hardly 
deny that Singapore is a significant contributor too.The figures speak for themselves.In 
UK, an average Internet user spends about $2 per year on e-commerce, whereas in 
Singapore, the figure rises to approximately $25 per Internet user, per year. 
30 Useful Prelaunch 
Checklist For Website 
Design 
31 Mar 2014 
Having a web design checklist in 
place helps web designers to do 
their job efficiently and make their 
lives easier as well.This checklist is 
very helpful especially in case of 
website launch where there are 
lots of complications like designing 
prototypes,developing codes and 
testing final output. 
5 Essential Qualities Of A 
Landing Page 
27 Apr 2014 
The design of landing page is 
actually the cornerstone of digital 
marketing and is intended to make 
the page drive measurable results 
rather than just exist. It goes 
without saying that the design has 
to be flawless, sharp and easily 
comprehensible. 
Easily create high-quality PDFs from your web pages - get a business license!
It has to be mentioned here that rising labor costs and high rents are reportedly creating 
impediments for businesses in Singapore.Despite these challenges the e-commerce 
sector is steadily gaining momentum in the country.Giosis, the firm behind online 
shopping site Qoo10 saw enjoyed massive increase in its transaction volume recently 
and the company expects to continue this trend of enjoying double transaction numbers 
in Singapore at least for the next three years.According to Giosis, Singapore is an 
attractive market despite being a relatively smaller one. 
Ku Young Bae, CEO of Giosis and founder of Gmarket said: "Singapore is pretty well 
connected - Internet connectivity is good.The country itself is small.It's a city state, so 
logistics and delivery is not a problem.But still, e-commerce is not yet very much 
developed.I believe that the Singapore e-commerce (sales) volume as compared to the 
total retail market size is less than one per cent." 
[Source: http://www.mfa.gov.sg/] 
E-commerce companies predict that this trend will only continue to grow as more and 
more users around the country get comfortable with using Internet for shopping and 
mobile-payment methods.And in Singapore, more than 75% of the population have 
Growth Of E-Commerce 
Websites In Singapore 
10 May 2014 
Even though Internet sales in 
Singapore amount to only US$7 
million a year, according to e-commerce 
firms, Singapore is a 
nice base to test strategies and 
see if they are fit for other 
Southeast Asian markets. 
Important Elements Of 
Your Website 
Maintenance Package 
14 Jun 2014 
Its not easy & affordable in 
Singapore to have a full time web 
developer for any website 
maintenance,so every business 
owner must make sure that they 
hire as affordable web 
development company based in 
Singapore & get a suitable website 
maintenance package from them. 
10 Web Design Tips For 
Easily create high-quality PDFs from your web pages - get a business license!
Innomedia Technologies - Your preferred choice as a: 
Web Design Company Singapore 
Web Designer Singapore 
REACH US - Westech Building #06-04, 237 Pandan Loop, Singapore 128424 
MAIL US - info@innomaxmedia.org 
Google+ 
already gone online. Zalora and Japanese e-commerce giant Rakuten have recently 
entered the e-commerce Singapore. 
Even though Internet sales in Singapore amount to only US$7 million a year, according to 
e-commerce firms, Singapore is a nice base to test strategies and see if they are fit for 
other Southeast Asian markets. 
Singapore Web 
Developers 
17 Jun 2014 
Are you looking for some great 
advice & tips on website design? 
Or you want to make sure that 
your new website must have all 
the qualities of a revenue 
generating website & you are 
looking for some professional 
advice to achieve this goal? 
Easily create high-quality PDFs from your web pages - get a business license!

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Growth of e commerce websites in singapore

  • 1. (65) 6664 8166 (65) 9097 9242 FOLLOW US: Home > Web Blog > Growth Of E-Commerce Websites In Singapore Growth Of E-Commerce Websites In Singapore 10 May 2014 Tags: ecommerce ecommerce Singapore E-commerce is well on its way towards East and it is really no wonder that high-end brands have started formulating digital strategies to grab the attention of Asian markets.Even in these tough times of slow economic revival, e-commerce is doing quite well globally.According to recent studies conducted by various e-market researchers, in 2013 e-commerce has seen a growth of more than 15% over the last few years and evidently Asia is driving this fast growth.In fact, Asia is accountable for more than 30% year-over-year increase in e-commerce sales. ABOUT INNOMEDIA BLOG INNOMEDIA BLOG IS MEANT TO PROVIDE RICH & USEFUL INFORMATION ABOUT ONLINE MARKETING AND OTHER AREAS LIKE WEB DEVELOPMENT AND MOBILE DEVELOPMENT. MORE LATEST BLOGS What Is A Landing Page And Why Its Important? 30 Mar 2014 What are landing pages? Lets understand first what are landing pages and what are the cases when you must use them. Google + HOME Welcome To Innomedia ABOUT US Know About Innomedia OUR SERVICES Internet Marketing Services OUR BLOG Innomedia Blog CONTACT US Contact Innomedia get a free quote Easily create high-quality PDFs from your web pages - get a business license!
  • 2. Hermant Kalbag, partner and head of consumer products and retail practice in Asia Pacific at A T Kearney said: "The opportunity for online retailers came because there was inefficiencies in the system regarding sales commissions and real estate grades.So Internet retail essentially eliminated almost 20 per cent of the cost that retailers had, by operating in an online way." [Source: http://www.mfa.gov.sg/] Singapore, a country admired by many because of its high standards of living and avant-garde facilities, has emerged as one of the key players of e-commerce in Asia. Improved online sales coupled with a better-connected population has proved that where the web goes, the money is sure to follow. even though Western Europe and US remain major contributors to the overall development of global e-commerce sector, one can hardly deny that Singapore is a significant contributor too.The figures speak for themselves.In UK, an average Internet user spends about $2 per year on e-commerce, whereas in Singapore, the figure rises to approximately $25 per Internet user, per year. 30 Useful Prelaunch Checklist For Website Design 31 Mar 2014 Having a web design checklist in place helps web designers to do their job efficiently and make their lives easier as well.This checklist is very helpful especially in case of website launch where there are lots of complications like designing prototypes,developing codes and testing final output. 5 Essential Qualities Of A Landing Page 27 Apr 2014 The design of landing page is actually the cornerstone of digital marketing and is intended to make the page drive measurable results rather than just exist. It goes without saying that the design has to be flawless, sharp and easily comprehensible. Easily create high-quality PDFs from your web pages - get a business license!
  • 3. It has to be mentioned here that rising labor costs and high rents are reportedly creating impediments for businesses in Singapore.Despite these challenges the e-commerce sector is steadily gaining momentum in the country.Giosis, the firm behind online shopping site Qoo10 saw enjoyed massive increase in its transaction volume recently and the company expects to continue this trend of enjoying double transaction numbers in Singapore at least for the next three years.According to Giosis, Singapore is an attractive market despite being a relatively smaller one. Ku Young Bae, CEO of Giosis and founder of Gmarket said: "Singapore is pretty well connected - Internet connectivity is good.The country itself is small.It's a city state, so logistics and delivery is not a problem.But still, e-commerce is not yet very much developed.I believe that the Singapore e-commerce (sales) volume as compared to the total retail market size is less than one per cent." [Source: http://www.mfa.gov.sg/] E-commerce companies predict that this trend will only continue to grow as more and more users around the country get comfortable with using Internet for shopping and mobile-payment methods.And in Singapore, more than 75% of the population have Growth Of E-Commerce Websites In Singapore 10 May 2014 Even though Internet sales in Singapore amount to only US$7 million a year, according to e-commerce firms, Singapore is a nice base to test strategies and see if they are fit for other Southeast Asian markets. Important Elements Of Your Website Maintenance Package 14 Jun 2014 Its not easy & affordable in Singapore to have a full time web developer for any website maintenance,so every business owner must make sure that they hire as affordable web development company based in Singapore & get a suitable website maintenance package from them. 10 Web Design Tips For Easily create high-quality PDFs from your web pages - get a business license!
  • 4. Innomedia Technologies - Your preferred choice as a: Web Design Company Singapore Web Designer Singapore REACH US - Westech Building #06-04, 237 Pandan Loop, Singapore 128424 MAIL US - info@innomaxmedia.org Google+ already gone online. Zalora and Japanese e-commerce giant Rakuten have recently entered the e-commerce Singapore. Even though Internet sales in Singapore amount to only US$7 million a year, according to e-commerce firms, Singapore is a nice base to test strategies and see if they are fit for other Southeast Asian markets. Singapore Web Developers 17 Jun 2014 Are you looking for some great advice & tips on website design? Or you want to make sure that your new website must have all the qualities of a revenue generating website & you are looking for some professional advice to achieve this goal? Easily create high-quality PDFs from your web pages - get a business license!