+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Reducing Shopping Cart Abandonment Is A $2 Trillion Opportunity For Online Retailers

Nov 18, 2014, 20:54 IST

BI Intelligence

Advertisement

An astounding $4 trillion worth of merchandise will be abandoned in online shopping carts this year, and about 63% of that is potentially recoverable by savvy online retailers, according to estimates from BI Intelligence, Business Insider's tech industry research service.

Shopping cart abandonment is growing. The data shows that around three-fourths of all shopping carts will be abandoned by online shoppers this year.

In a recent report, BI Intelligence explains what leads a shopper to abandon an online purchase and how retailers can begin to combat rising shopping cart abandonment rates. We collected and analyzed data from top e-commerce companies, and spoke with industry experts whose job it is to reduce abandonment rates and boost conversions, to come up with a number of solutions that can help retailers recover lost sales. Access the Full Report by Signing Up For A Risk-Free Trial Today >> Here are some key points from the report: In full, the report:

For full access to all BI Intelligence's charts and analysis on the e-commerce industry - including downloadable Excel files - sign up for a risk-free trial.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article