E-commerce & Online Auctions in the UK Industry Market Research Report Now Updated by IBISWorld

London, United Kingdom (PRWEB) June 27, 2013

Retailing has undergone something of a revolution during the past five years, with online retailing emerging as a niche activity as little as a decade ago to become one of the most dynamic and relevant ways of connecting with customers today. The E-commerce and Online Auctions industry has switched from a catalogue and mail order business model to enthusiastically embrace the internet. Technological advances have led to rapid increases in internet speeds and the introduction of internet-enabled devices. This has increased the convenience with which consumers can shop for goods and made the process more secure and efficient. The rise of the connected consumer has introduced the concept of social shopping which makes use of technology and social media trends. This has worked in favour of online retailers that are now able to create a customised shopping experience for customers, said IBISWorld industry analyst Temitope Onabanjo. Over the five years through 2013-14, it is estimated that industry revenue will increase at a compound annual rate of 10.2%, to

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