
ISIS, MasterCard, PayPal and Visa are dominating the global e-commerce marketplace, Research and Markets, an Ireland-based market research firm has said.
In a new report titled “Global E-commerce Market 2014-2018”, the company forecasts that the global e-commerce market will grow at a Cumulative Average Growth Rate (CAGR) of 13.54 per cent over the period of 2013 to 2018.
According to the report, increasing Internet penetration rate is a major driver of the market growth helped by demand for digital goods.
Meanwhile, increasing risk of online frauds and associated costs are major factors that could challenge the growth of the market, according to the report.
Other players in the market mentioned in the report include Google Inc., Citibank NA and American Express Serve.
Related posts:
- Global GIS market ‘to reach $23.7b by 2024’ The Global Geographic Information System (GIS) market size is expected...
- Apple, Google dominate global app market Apple’s App Store and Google Play will continue to dominate...
- M-Commerce: Africa rising amid projected global market growth Africa’s teeming mobile telephony family is now making an increasing...
- Visa opens its global network with launch of Visa Developer Visa Inc. has announced the launch of Visa Developer, a...