Nordic e-commerce Market: Market research by Knowledge Sourcing Intelligence
The Nordic e-commerce market is projected to witness a CAGR of 7.82% during the forecast period, to reach US$XX.XX billion in 2023 from US$XX.XX billion in 2017. This growth is attributed to the movement of people towards online shopping as per their convenience, time and flexibility. In addition, increasing penetration of smartphones coupled with the availability of the internet and the availability of numerous mobile applications for different e-commerce business owners is one of the primary factors to propel the market growth opportunities. In addition, as per the OECD, the Nordic region is considered as one of those regions having a considerably high average internet speed in comparison with the other regions, which further provides the impetus for the adoption of e-commerce solutions. Simultaneously, increasing demand for consumer electronics coupled with additional benefits given by the e-commerce businesses is anticipating the customers to move tow...