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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
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15.3% 43.4% 74% 24% 20% 5% 21% 60% |
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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%
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3776 800 337 576 955 197 34
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2284.48 589.6 279.71 521.28 921.575 191.287 33.558
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15.3% 48.1% 74% 24.1% 5.3% 21.3% 59.5%
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349.53 283.60 206.99 125.63 48.84 40.74 19.97
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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
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91% 90% 79% 80% 77% 78% 54% 60% 36% 21% 20% 21% 18% 19% 19% 14%
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91% 85% 83% 77% 80% 78% 65% 67% 69% 63% 60% 71% 62% 70% 48 % 49%
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