Mobile-ready websites and apps are becoming increasingly important throughout the region. This directly links to an increase in the presence of e-Commerce as economies in Latin America evolve and develop.
Fraud-detection standards are also on the rise, with improvements being made to formalize transactions and improve security.
This e-Readiness Index has been developed to create a consistent point of comparison for the stage of e-Commerce development across a range of countries and regions, on a biannual basis. It is made up of 20 metrics, related to five key elements and is measured on a scale of 1 to 100.
Further analysis reveals how the overall e-Readiness indexes are made up, highlighting particular areas for growth and development.
The consumer profile comparison shows how people around the region are using the Internet differently.
In 2015, total e-Commerce spend in Latin America reached US $50.1 billion. This is set to increase to US $92.2 billion by 2020, representing a CAGR (Compound Annual Growth Rate) of 13%. The modules below detail the total spend in 2015, the projected spend for 2020 and the forecasted CAGR for each country included within the study.
As we are only presenting the main countries within Latin America, this spend breakdown accounts for 90.5% of spend across the region.
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