ResearchAndMarkets.com now offers the “UK B2C E-Commerce Market Insights & Online Payment Trends 2024” report, revealing that over 60% of UK internet users are purchasing online weekly as of Q3 2023.
This comprehensive report provides a detailed analysis of the UK’s digital commerce landscape and emerging payment trends. It explores various aspects such as social commerce dynamics, B2C E-Commerce delivery landscape, key market players, AI’s role in enhancing consumer experiences, and evolving online payment methods.
Overview of UK B2C E-Commerce Market:
The UK’s retail E-Commerce market is experiencing significant growth, expected to reach a high three-digit billion EUR value by 2027. B2C E-Commerce is projected to constitute over a third of total retail sales by 2024, reflecting the increasing shift towards online shopping.
AI Use in B2C E-Commerce and Online Payments:
AI adoption in the UK is rising, with around a third of UK shoppers recognizing its benefits in improving order accuracy and delivery updates by 2024, indicating its potential to enhance the online shopping experience.
Online Payments Landscape:
The UK’s online payment sector is undergoing a notable transformation, driven by the adoption of digital wallets, tailored SME payment solutions, and integration of cryptocurrencies. Leading payment methods such as PayPal and Apple Pay are favored by a substantial segment of UK adults for online transactions, showcasing their dominance in the market.
Key Questions Addressed:
- What proportion of UK shoppers under 45 are using social media platforms for product research in 2024?
- Which online payment method is most widely adopted in the UK in 2024?
- What share of total UK retail sales is B2C E-Commerce expected to represent in 2024?
- What is the projected value of click-and-collect sales in the UK by 2026?
- As of April 2024, which retail websites rank as the most visited in the UK based on monthly traffic?
Key Topics Covered:
- Key Takeaways
- Management Summary
- UK B2C E-Commerce Market Overview
- Social Commerce
- B2C E-Commerce Delivery Market
- B2C E-Commerce Player Overview
- AI Use in B2C E-Commerce & Online Payments
- Online Payments Market Overview
For more information about this report, please visit ResearchAndMarkets.com.
