The Online Computer and Tablet Sales industry has been increasingly growing from strength to strength over the last few years. The remarkable growth in the consumers’ acceptance of tablet computers has worked wonders in turning around the industry revenue in this period. Additionally, consumers have also developed the tendency to buy blue-chip and expensive items online, thus causing online shopping to flourish monumentally over the past five years. In fact, a maximum number of people have turned to online shopping considering it as a cost-effective and expedient alternative to the physical shopping. Another striking fact is that online computer and tablet retailers are making the most from this current trend. Industry revenue is expected to enhance at the annual rate of 14.1% over the five years through 2016-17, to $ 775.4 million overall. This includes a predictable increase of 14.9% in 2016-17.
What is the Online Computer and Tablet Sales industry?
The Online Computer and Tablet Sales industry manifests low market share attention, with the four leading operators projected to account for less than 30% of industry revenue in 2016-17. A maximum number of industry partakers is of small size and typically retail a mass of consumer electronics, however, over the last five years; the number of operators targeting the specific areas has grown to a large extent. The initial capital expenditure necessary to set up an online business is low and the industry is in the development stage of its life cycle. These factors have played a seminal role in stepping up the legion of smaller operators over the past five years. As a result, market share concentration has grown worse over the last few years, as the number of business operators in the industry has grown considerably.
Extra Insights into the Online Computer and Tablet Sales Industry
At Shopingkart, our analysts have resolved a variety of Key Success Factors for a business. The most important for the Online Computer and Tablet Sales Industry are:
- Proviso of a better-quality after-sales service.
- Having a good reputation
- Ability to follow innovative technology instantly.
Our analysts also give an extra insight into how foreign factors, for example, real household discretionary income and Consumer sentiment index in the Online Computer and Tablet Sales industry leverage industry performance.