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India's e-tailing industry is expected to have more than 50 million online shoppers from tier-2 cities alone by this year-end, said a report by Bangalore-based market research firm Redseer Consulting.
The industry added about 10 million shoppers in 2017 and is expected to add 19 million more in 2018.
Tier-1 cities are expected to add just about 4 million more online shoppers in 2018 leaving Tier-2 towns as the fastest growing market.
The report also adds that the online cab industry which grosses currently nearly 2 million (20 lakh) daily rides in India is expected to go up by 5.2 million by 2020.
The shared rides contribute about 25 percent to the overall ride figures.
In hotel-tech industry, properties have seen an increase in the occupancy rates from 23 percent to 38 percent after partnering with room aggregators such as Oyo, Treebo and FabHotels. The overall impact is such that the players are able to deliver a 50 percent additional value in terms of revenues for hotel owners.
In food-tech industry, Bangalore, Mumbai and Delhi-NCR saw an increase of more than 80 percent in order volume from last year.
This is due to a rapid increase in the adoption of the services which both consumer and partners are able to see value in, Redseer added.
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