This high growth sector spans those businesses operating in the digital sphere, engaging in e-tailing, or providing IT-related goods and services across a wide number of industries.
Australians continue to be heavy users of the internet and enthusiastic adopters of an online-driven lifestyle, leading to what analysts describe as a digital consumption surge. Tech-savvy, online shopping Australians are attracted to the digital economy for its convenience, accessibility and value: We are now the second largest online population in the Asia-Pacific region.
Economists predict the global e-commerce market will double by 2019 with online purchases totalling a mind-boggling $3,551 trillion, comprising 12.4% of the $28.550 trillion global retail sales. At present, 68% of Australian online buyers make cross-border purchases (mainly from the US, China, and UK) which intensifies competition for Australian businesses.
However, Australia’s digital businesses boast the advantages of offering high quality goods and services at a good price, within a stable geopolitical environment, with innovation born out of excellent research infrastructure and a highly skilled workforce. Our advanced and efficient logistics infrastructure has added to the popularity and growth of domestic e-tail, and the domestic e-commerce market value is predicted to reach $32.56 billion this year, with sales rising by 21%.
Our highly skilled management consultants advise businesses operating in the digital sphere on how they can capitalise on e‑commerce growth by aligning themselves to evolving trends, such as the massive growth of mobile, of the changing market. We have the expertise to help your business take advantage of the opportunities ahead as the digital economy continues to expand.