Threat of new entrants france telecommunications industry

#THREAT OF NEW ENTRANTS FRANCE TELECOMMUNICATIONS INDUSTRY SOFTWARE#

For instance, according to the US-based software company, Wedia, during March and April 2020, the internet traffic in France increased by 70% and the use of social networks increased by 61%, resulting in a boost in online conversions across online marketplaces and e-commerce websites, 18% of which have recorded a higher turnover. As digital has become the new method in these circumstances, some segments of the French e-commerce sector witnessed significant growth. As non-essential shops have closed and nationwide lockdown orders were issued, it has forced many businesses in the country to adapt and respond quickly to the changing consumer priorities. And the same trend is also reflected in France.

However, e-commerce is one of the few sectors that have witnessed increased consumer interaction in many segments. The COVID-19 outbreak and the nationwide lockdown have massively affected the retail industry across the world, especially the brick and mortar model. Significant Growth in E-Commerce is Expected Due to the Outbreak of COVID-19 However, the most popular day for online shopping in France has been Black Friday, which was even more popular than Christmas. These figures include physical stores that launch an online store, in addition to their brick-and-mortar business. Currently, there are 191,700 e-commerce websites in France. According to the government's data, in 2019, the number of e-commerce websites in France grew rapidly: there are now 16% more online shops than in 2018. However, the French government's drive to increase internet access is expected to increase the number of consumers shopping online, over the forecast period. One of the major factors responsible for the moderate growth rate is that internet penetration has been comparatively lower in France (especially in rural areas) than in the other major EU countries. Despite the existence of particular unexploited consumer potential, the number of new consumers was moderate in France, between 20. The French e-commerce market is just below the European average in terms of internet penetration, the percentage of e-commerce consumers, and average expenditure. France is one of the major consumer markets in Europe, and it is also an essential market for e-commerce. The European e-commerce market has been recording robust growth over the last few years, thereby offering exciting opportunities for online retailers, across various sectors. The French e-commerce market was valued at USD 114.4 billion in 2019 and is expected to reach USD 203.57 billion by 2025, recording a CAGR of 10.04% over the forecast period from 2020 to 2025.

( MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 13, 2021, 05:45 /Comserve / - France E-commerce Market With Top Countries Data, Industry Analysis, Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast

Threat of new entrants france telecommunications industry