Ecommerce in Denmark is worth 13.84 billion euros01/08/2016Ecommerce in Denmark was worth over 100 billion Danish kroner (13.44 billion euros) for the first time ever. The online retail industry in Denmark now accounts for approximately 10 percent of the total retail turnover.
According to Dansk Erhverv, the confederation of Danish enterprise, ecommerce in Denmark continues to show two-digit growth. New data has shown that the online retail industry in the Northern European country has surpassed the 103 billion kroner milestone for the first time ever. It concludes this after an analysis based on figures by Nordic fintech company Nets on the trade of goods and services paid with Dankort, the national debit card of Denmark.
Milestone for ecommerce in Denmark
“It’s a milestone for Danish ecommerce, and nothing indicated the double-digit growth will flatten out soon”, says marketing director Henrik Hyltoft of Dansk Erhverv. The second quarter of 2016 showed some significant growth for the local ecommerce industry, as it was 16.5 percent higher than it was during the same quarter last year. “But while ecommerce has been adopted by the majority of Danes, ecommerce in Denmark however accounts for only about 10 percent of the total retail turnover”, the organization says.
Omnichannel ecommerce in Denmark increases in popularity
“The growth of ecommerce in Denmark highlights the need for companies that meet consumers’ demands, whether it’s in the web shop or in the physical store”, Hyltoft explains. “What’s new is that at many places sales channels come together. For many Danes, it actually doesn’t matter whether it’s in a physical store or online, they buy the product.”
Cross-border ecommerce in Denmark goes one way
As Danish consumers buy more goods and services online, the number of items purchased abroad also increased. Last year, the Danes shopped cross-border with a total value of about 3.22 billion euros. “But because of the high Danish costs, for the local online retailers it’s far more difficult to sell their products to foreign online consumers.”
Accelerating digital government services for APAC citizens08/08/2022Digital government services are becoming increasingly popular and in demand in most countries in the Asia Pacific (APAC). While traditional in-person government services used to be the way to get things done, the pandemic has led to a change in approach, not by governments but by the citizens themselves.
AI-LINK turn to Keysight Technologies to revolutionize smart warehouses02/08/2022Accelerates the performance validation of a cloud-native 5G radio access network in digital twin environments. AI-LINK employed Keysight’s 5G test tools to simulate and stress test the performance of autonomous guided vehicles (AGVs) used in smart warehouses.
How e-commerce integration has transformed online retail26/07/2022When transformation happens, it can be swift, dramatic yet far-reaching. The e-commerce landscape was once fairly simple – typically single-vendor online shops. However, today’s e-commerce ecosystems are sophisticated and complex networks that encompass enablement platforms, marketplaces, social commerce, subscription models, and trends like buy now, pay later.
Vietnam takes lead in Southeast Asia for online purchases19/07/2022Vietnam is leading in Southeast Asia for online purchases, with an average of 104 orders per year per person, according to a new report released by Ninja Van Group, an e-logistics company operating in Southeast Asian countries, including Vietnam.
MoIT’s e-invoice solution system allowed to provide services14/07/2022The Ministry of Industry and Trade (MoIT) has announced that its e-invoice solution system is allowed by the Ministry of Finance’s General Department of Taxation (GDT) to provide services at the address hoadonct.gov.vn.