Online shopping is one of the top five industries expected to soar this year, according to the latest study by IBISWorld.
Forecast to grow by 9.1 per cent to reach almost $11.8 billion in 2013, the online shopping industry has continued to flourish as consumers demand more of their goods and services via the online realm.
“Australians are increasingly expecting traditional retailers to have an active investment in the online sphere, and to provide options for online browsing and shopping to complement their storefronts,” IBISWorld general manager Karen Dobie said.
Over the coming year, IBISWorld expects online retailers to move into the bricks-and-mortar space, providing convenient pick up and return locations for consumers.
“This phenomenon will lead to a greater increase in the convenience provided by online retail,” Dobie said
The other four industries expected to do well this year are oil and gas production, organic farming, online education and multi-unit apartment and townhouse construction.