Table of Contents
What is the average online purchase amount?
As of the third quarter of 2020, online orders which were placed from a mobile phone had an average value of 84.69 U.S. dollars. During that period, online orders which were generated via direct traffic had an average value of 112.01 U.S. dollars.
What is average daily order?
The Average Order Value is calculated by dividing the total revenue by the number of orders placed. Often, this metric will be calculated monthly (i.e. total revenue from the month divided by total orders placed that month), but it can also be calculated weekly or even daily.
What is average purchase value?
Average Purchase Value refers to the average dollar amount spent on your services. This metric can either be calculated based on the overall value of the contract or it’s annual, quarterly, monthly, or weekly value.
What is the current status of e-commerce in India?
India’s E-commerce revenue is expected to jump from US$ 39 billion in 2017 to US$ 120 billion in 2020, growing at an annual rate of 51 per cent, the highest in the world. Online retail sales in India are expected to grow by 31 per cent to US$ 32.70 billion in 2018, led by Flipkart, Amazon India and Paytm Mall.
How much is ecommerce growing?
US retail ecommerce sales will grow 13.7\%, reaching $908.73 billion in 2021.
What is the market size of e-commerce in India?
Market Size. Propelled by rising smartphone penetration, launch of 4G network and increasing consumer wealth, the Indian E-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion in 2017. Online retail sales in India is expected to grow 31\% to touch US$ 32.70 billion in 2018, led by Flipkart, Amazon India and Paytm
Is average order value the key to growing your ecommerce business?
At Growcode, we think average order value is one of the key ecommerce metrics that online retailers seeking to grow their revenues need to focus on. But there are a few caveats. On the one hand, it sounds simple. If you boost the amount customers are paying whenever they buy from you, that’s a good thing, right? And the answer, of course, is yes.
What is the average order value of an online order?
Average Order Value by Platform: Windows: $199.12; Macintosh: $122.57; Linux: $112.49; iOS: $85.74; Chrome Os: $72.56; Android: $69.58; Windows Phone: $59.34. One of the big challenges facing ecommerce retailers is the growing use of mobile phones to make online purchases.
What is the future of eCommerce in India?
The ecommerce market in India holds significant potential, with the second largest population in the world, and only 2\% of the population buying online. However, India’s ecommerce potential, especially cross-border, is limited by low urbanization, Internet penetration and income levels.