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Increasing internet penetration rate and rising m-commerce Global internet penetration rates are increasing rapidly, creating ample opportunities for enterprises to enhance their consumer bases and thereby their reach in the market. Rapidly rising Internet penetration has directly impacted the expansive growth of the m-commerce industry, further boosted by the rising adoption of smartphones and tablets. Manufacturers and retailers of jewelry items are quickly realizing the potential of online retail and are launching innovative and easy-to-navigate websites to extend their distribution channels and market reach. Effective use of digital marketing tools further promotes these online platforms. Rapid urbanization and increasing purchasing power The rapid urbanization and rising purchasing power of consumers have led to a shift in the lifestyle of consumers in both developed and developing economies. Updates On Necessary Criteria For Guidance For InterviewWhile the rise in disposable income has resulted in increased jewelry spending, the digital mindset of the consumers is driving the online jewelry market, says Poonam. Countries such as Brazil, India, and China are major contributors to the market. Also, several developed countries in the Middle East have shown a quick preference towards online jewelry platforms. The rising demand for fashion jewelry is expected to drive revenue generation in the Americas. Browse Related Reports: Global Billiards and Snooker Equipment Market 2017-2021 Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as theyre published in addition to all 6,000+ existing reports covering segments like apparel and textile , luggage , and pet supplies .
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