Austria is the 23rd largest market for e-commerce with a projected revenue of $14.64 billion in 2022. With a yearly growth rate of 16.59% between 2021 and 2025, the country is expected to grow at a faster rate than the global average of 11.58% to achieve market volume of $23.20 billion by 2025. As we can see, there is a good chance for brands to adopt e-commerce strategies to increase profit, increase client base and so on.
Development of e-commerce is driven by the high internet proliferation through different devices and the COVID-19 restrictions. Austrian consumers appreciate the convenience of online shopping and make online purchases more often. Based on Statista research, there will be 73.4% of online shoppers in 2022, and that’s expected to hit 80.4% by 2025. Moreover, 58.2% of Austrians use the Internet for researching brands before purchasing online. That’s why it’s essential for brands to develop a strategy to interact with their audience online. One of the ways to communicate online with the target audiences for brands can be digital and programmatic advertising, especially on social networks.