Europe: online retail forecasts to 2017

Research report predicts 11% growth in ecommerce across Europe.

Forrester has released a (paid-for) report, European online retail sales, which explores the growth rates and underlying drivers of growth in ecommerce in Europe to 2017.

TheNextWeb has summarised some of the key findings, including:

*  Predicted increase in online sales from €112 billion in 2012 to €191 billion in 2017

*  Estimated 11% compound annual growth rate

*  18% predicted growth in Spain; 16% predicted growth for Italy

*  UK growth predicted at 10% (The UK has "passed beyond the boom years")

*  Over half the money spent on music and a quarter of mone spent on books will be via the internet

*  By 2017 Europeans will spend €10 billion online for food and drink

*  By 2017 online retail will represent:

  • 15% of the UK's economy
  • 10% of Germany's economy
  • 7% of France's economy
  • 7% of the economy in the Netherlands

Source: TheNextWeb