The UK sees eCommerce gaining traction
The eCommerce industry is rising in the United Kingdom for all the right reasons. People find it convenient and often economical to shop over the internet. Some of the most sold items in the UK through online retailers are furniture and fashion, clothing – sports. According to reports, almost 4 out of 5 residents of the country shop online at least once a month.
Nearly 80% of online shoppers is not a bad figure for the industry to rise in tough situations. Amazon has been reported to be the most visited shopping site by the people of the UK.
Ordering food online is another service that is gaining traction in the country. What triggered the growth of eCommerce and online food ordering in the UK is mostly the Covid-19 pandemic. The segment was in existence before the pandemic, but it was only during the crisis that this industry emerged as a clear choice for contactless delivery.
Online casinos follow both segments with a large potential to beat them in the coming days. More than 500 online sportsbooks exist in the UK, see 46% of the population participates in sports betting at least once a year. UK sports betting accounts for 52% of the total gambling sector in the UK. It is followed by casino games by a wide margin for a stat of 38%. Others on the list are Lottery & Bingo, and others for a share of 7% and 3%, respectively.
The eCommerce sector grew in 2021 by 9% against 2020, indicating an increase of 18% across the globe. This marked a contribution of 20% to the global eCommerce industry. It is likely that the industry will earn $211.70 billion in 2023, provided all the political and geographical factors align perfectly.
Japan and Germany follow the UK in the growth of the eCommerce industry. Japan is one of the well-known and significant contributors to the world economy in terms of electronic commerce. As a result, people in Japan are interested in online casinos and online gaming.
Furthermore, this applies to online casino activities since several online casino Japan have reported a rise in participation from people. A word on Germany is yet to be determined once a report is published.
Gambling is popular in the UK, with sports betting leading the charge. More sportsbooks could come up in the future to further accelerate the growth of the market. The eCommerce industry, on the other hand, does have the challenge of expanding its networks. Sellers will have to stock better products, and restaurants will have to consider luring their customers to return for an order.
No matter the winner, the UK will see a rise in both industries. Even if online casino activities surpass the eCommerce sector, users could combine both for better entertainment. For example, they can order a pizza while placing a bet on their favorite sport, say cricket.
The shopping and gambling sectors have everyone noticing them for further growth. Gambling has the potential to beat shopping by a wide margin; however, people may soon prefer to shop rather than gamble their money even for entertainment.