E-Commerce has revolutionized the way companies do business. Companies are now able to sell their products all over the world from one centralized location, which has made some companies extremely powerful, causing a rapid shift towards online retail. However, to be successful in e-commerce you need to seamlessly adopt the language and cultural nuances of foreign market. This can be extremely difficult and requires professional website localization services to be done effectively. Website localization helps to ensure that foreign consumers not only see and understand what your product is, but are also able to relate to it and like it. With that being said, here are the three biggest e-commerce markets in the world that your company should expand into.
No real surprise here, China has, by far, the largest e-commerce market in the world. With global e-commerce giants like Alibaba, Taobao, Tmall, and many more, China has an estimated $672 billion in yearly sales. Additionally, China has the highest percentage of retail sales coming from online stores with 15.9%. In China, online sales are only trending upward and your company should consider tapping into this market with the help of an experienced professional linguistics services company and professional website localization.
2. United States
In number two is the United States, which surprisingly only has half the amount of online sales as China. The United States has an estimated $340 billions dollars in online retail sales each year which account for around 7.5% of their total retail sales. Home to Jeff Bezos’ Amazon, the most valuable company in the world, the United States looks like it could be catching up to China in the coming years. Website localization and other software localization services into the United States could be a huge move for your company.
3. United Kingdom
Drastically dropping off from the amount of online sales China and the United States produce each year is number three on the list, the United Kingdom. The United Kingdom produces around $99 billion dollars in online sales each year which is around 14.5% of their total retail sales each year. However, proportionally, for the size of their population the United Kingdom produces larger sales than both China and the United States. While the United Kingdom’s e-commerce market is vastly smaller than China’s and the United States’ it is still the third largest in the world and far more lucrative per person who lives there. The United Kingdom could be a great choice for website localization and even professional language training for your company.
About Language Connections:
Language Connections is one of the top language service companies in the US. Over the last 30 years, we’ve focused on providing the best business translation services, interpreting services, localization services, as well as interpreter training and customized language training programs. In addition to top-tier corporate language training, we offer certified corporate interpreters and professional business translation services in 200+ languages. Our network includes linguists with backgrounds in all major industries. They’re ready to meet your needs, whether they’re for technical translation services, legal translation, government translation services, international development translation services, education translation services, life sciences translation, or something else. Reach out to us today for a free quote on our cost-efficient and timely translation services, interpreters, or other linguistic services.
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