Internet Penetration level and potential global market

 

With the rise in Internet penetration level at the core of the population, the possibility to market goods and services rises. For the digital retailers, goods and services can be broadly categorized as semi-luxury or luxury one. Internet is a cost effective medium to reach to the hard to reach population and therefore it opens up the possibility of expansion of business. In the following data and diagram we have tried to depict the projected figure as to how the market can be tapped increasing the Internet penetration level.

 

In the second diagram, one can easily visualize the possibility of the Internet market expansion with the rising trend in penetration level. A largest part of the Asian market is yet to be tapped followed by Europe.
Finally we have tried to present a shopping trend between the age groups in US market. This shows that with the rise in the age group, people tend to buy more luxury goods through online medium.
Intrenet Penetration Level:
REGION Percentages of Population
Asia
Europe
North America
latin America
World Average
Africa
Middle East
Australia
15.3%
43.4%
74%
24%
20%
5%
21%
60%
World Internate users and possible Market:
REGION Current PERCENTAGE Tot. Population (in million)* Yet to be tapped Internet Penetration Market with the Internet Penetration**
Asia
Europe
North America
latin America
Africa
Middle East
Australia
39.5%
26.3%
17%
9.5%
3.5%
2.9%
1.3%
3776
800
337
576
955
197
34
2284.48
589.6
279.71
521.28
921.575
191.287
33.558
15.3%
48.1%
74%
24.1%
5.3%
21.3%
59.5%
349.53
283.60
206.99
125.63
48.84
40.74
19.97
Shopping Categories in US by the Age group
SHOPPING CATEGORIES Age 8-12 Age 13-21
Clothing/Apparel
Movie Video/DVDs
Groceries
Video games/systems
Audio materials
Books/Magazines
Vacation
Sports equipment
Computer software
Stereo equipment
TV sets
Mobile phone
DVD player
Computer equipment
Furniture
Vehicles
91%
90%
79%
80%
77%
78%
54%
60%
36%
21%
20%
21%
18%
19%
19%
14%
91%
85%
83%
77%
80%
78%
65%
67%
69%
63%
60%
71%
62%
70%
48 %
49%
 
Information Technology Consultant Service
Believe in smart Work not hard work
connect us to twitterconnectustofacebook