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Central Asia and Caucasus B2C E-Commerce Market 2015NEW YORK, Nov. 19, 2015 /PRNewswire/ -- A new report by the secondary market research specialist yStats.com, "Central Asia and Caucasus B2C E-Commerce Market 2015," reveals that the potential for online retail development for countries in this region remains untapped. As B2C E-Commerce is in early stages of development in Central Asia and Caucasus, foreign E-Commerce platforms attract more traffic from these countries than local retailers and marketplaces. However, as local offerings and infrastructure improve, B2C E-Commerce sales in Central Asia and Caucasus are expected to grow rapidly. Another country with rapid B2C E-Commerce growth is Azerbaijan, according to yStats.com's findings. In the first seven months of 2015, online retail sales in Azerbaijan already exceeded the total number for the full year 2014. Still, B2C E-Commerce's share of total retail sales was less than 1% last year. The driving force behind both Internet usage and online shopping growth is the population under 25 years old, accounting for close to half of all Internet users. Of them, a small double digit share shopped online in early 2015, preferring international platforms such as eBay. The details in the yStats.com report reflect the untapped potential for B2C E-Commerce in the rest of the region. In countries such as Georgia and Armenia Internet penetration has significantly improved, getting closer to the 50% mark. In Uzbekistan, the most populous country in the region, Internet penetration is driven by mobile technology. Across these markets, international players such as Aliexpress.com, eBay.com, and Amazon.com beat local shopping websites in popularity. However, local players have gathered a significant audience on social networks, especially Facebook. Overall, as Internet penetration and infrastructure for delivery and payment improves, B2C E-Commerce in these countries is expected to grow further. Read the full report: http://www.reportlinker.com/p03401770-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/central-asia-and-caucasus-b2c-e-commerce-market-2015-300182215.html SOURCE Reportlinker |