Online Retailers Leaping Ahead Through Technology: Leading the battle for systems, platforms and apps

2017-05-31
Price :
Published : May-2017
No. of Pages : 8

Online Retailers Leaping Ahead Through Technology: Leading the battle for systems, platforms and apps

Summary

“Online Retailers Leaping Ahead Through Technology”, report analyzes the strategies and technologies deployed by eTailers, and provides insight into how these could be applied to traditional retailers with physical stores. Additionally, this report advises IT vendors on developing innovative solutions and how to target traditional retailers with similar solutions as those used by successful eTailers.

Online retailers have been growing quicker than their bricks-and-mortar peers across several segments including apparel, books and furniture. Their competitive advantage results mainly from IT innovation including eCommerce platforms, predictive analytics, mobile apps and supply chain management. Since these eTailers lack physical stores for showcasing their products and sales assistants to provide recommendations to customers, they have naturally invested a large part of their budget into IT systems from the front to the back end. Many eTailers are also born in the cloud, meaning that they may not own any servers or storage arrays but rely on cloud service providers’ resources, which gives them greater flexibility and scalability.

Scope

– Innovation is driven by online retailers’ focus on cost efficiency since they face tight margins and often compete on price against traditional retailers who offer a full store experience
– Detailed customer insight and a user-friendly interface is the key for success; by running sophisticated algorithms to determine what a customer may be interested in and building up complex customer profiles, many upselling and cross-selling opportunities can be opened up
– Traditional retailers need to bring the benefits of eCommerce to their physical stores by introducing digital platforms and creating an omnichannel experience

Reasons to buy

– Gain insight into online reatailers’ strategies and their usage of innovative IT systems. This can be useful for pitching technologies to online and traditional retailers, and for developing omnichannel retail concepts and visions.

Filed in: Information Technology
Publisher : GlobalData
More Reports
Title Price Buy Now

Cognitive Assessment and Training Market by Component, Organization Size, Application (Clinical Trials, Learning, and Research), Vertical (Healthcare and Life Sciences, Education, and Corporate), and Region – Global Forecast to 2025

“The rising adoption of gamification for cognitive assessment, social distancing practices resulting in increased adoption of eLearning, and the need to test cognition at home,  is expected to act as a growth opportunity for the cognitive assessment and training market.” The global cognitive assessment and training market size grew from USD 3.2 billion in 2020 to USD 11.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 29.3% during the forecast period. Various factors such as the rising adoption of gamification for cognitive assessment, social distancing practices resulting in increased adoption of eLearning, and the COVID-19 pandemic leading to the increased need to test cognition at home are expected to drive the adoption of the cognitive assessment and training marke......
$7150

Weather Forecasting Services Market by Industry (Aviation, Agriculture, Marine, Oil & Gas, Energy & Utilities, Insurance, Retail, Media), Forecasting Type (Nowcast, Short, Medium, Long), Purpose, Organization Size & Region – Global Forecast to 2025

“Increasing demand for weather forecasting services in agriculture and renewables are driving the weather forecasting services market.” The weather forecasting services market is estimated to be USD 1.5 billion in 2020 and is projected to reach USD 2.3 billion by 2025, at a CAGR of 9.3% during the forecast period. Some of the factors fueling the market’s growth include increasing safety concerns in end-use industries and a rise in climate change patterns resulting in uncertainties related to rainfall. Increasing super computing capabilities and an upsurge in the production of renewable energy are anticipated to open several growth opportunities for weather forecast service providers during the forecast period. The COVID-19 pandemic has impacted the weather forecasting services ......
$4950

Cloud-based Contact Center Market by Component (Solutions and Services), Deployment Model (Public Cloud and Private Cloud), Organization Size, Industry (BFSI, Telecommunications, and Retail and Consumer Goods), and Region – Global Forecast to 2025

The growing need for improving consumer experience has fueled the adoption of cloud-based contact center solutions across the globe The global cloud-based contact center market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 25.8% during the forecast period, to reach USD 36.1 billion by 2025 from USD 11.5 billion in 2020. Digital business transformation has entered a more challenging and urgency-driven phase due to the COVID-19 pandemic. Global giants provide customers with cost-effective and productive digital solutions as every industry is economically hard-hit by the pandemic. The sudden shutdowns of organizations and institutions increased the demand for cloud solutions and other online services. The cloud-based contact center market in industries such as IT and ......
$7150

Data Center Infrastructure Management Market by Component, Application (Asset Management, Power Monitoring, Capacity Management, and Environmental Monitoring), Deployment Model, Organization Size, Vertical, and Region – Global Forecast to 2025

Increasing number of cloud and edge data centers to drive the growth of DCIM market The global Data Center Infrastructure Management (DCIM) market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period, to reach USD 2.9 billion by 2025 from USD 1.5 billion in 2020. Digital business transformation has entered a more challenging and urgency-driven phase due to the COVID-19 pandemic. Global giants are providing customers with cost-effective and productive digital solutions as every industry is economically hard-hit from the pandemic. The sudden shutdowns of organizations and institutions increased the demand for cloud solutions and other online services. The DCIM market in verticals such as IT, telecom, BFSI, and media and entertainment, has im......
$4950

Speech Analytics Market by Component (Solutions (Indexing & Query, Speech Engine) and Services), Application (Customer Experience Management, Competitive Intelligence), Vertical, Organization Size, Deployment Mode, and Region – Global Forecast to 2025

Increasing need to improve customer journey and overall experience, growing demand to monitor and improve agent performance, and adherence to regulatory and compliance standards to drive the growth of speech analytics market The global speech analytics market size to grow from USD 1.5 billion in 2020 to USD 3.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 20.2% during the forecast period.Speech analytics is a software tool that automates the overall process of delivering insights from customer interactions. It extracts valuable information from multiple customer conversations; decision-makers can use this real-time information to make better decisions. Nowadays, speech analytics solutions can sift through unstructured call data (human voice interactions) to identify the p......
$4950

Identity Verification Market by Component (Solutions and Services), Type (Non-Biometric and Biometric), Organization Size, Deployment Mode, Vertical (BFSI, Government and Defense, and Healthcare and Life Sciences), and Region – Global Forecast to 2025

The global post-COVID-19 identity verification market size to grow at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period MarketsandMarkets forecasts the global post-COVID-19 identity verification market size to grow from USD 7.6 billion in 2020 to USD 15.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.6% during 2020–2025. The major growth drivers for the market include increasing digitization initiatives, increasing fraudulent activities and identity theft during the last decade, and Increasing use cases of digital identities among verticals. However, price disparity in identity verification solutions and services may restrain market growth. By type, biometrics to grow at the highest rate during the forecast period Biometric solutions follo......
$4950

COVID-19 Cross-Sector Impact – Thematic Research (October 2020)

COVID-19 Cross-Sector Impact - Thematic Research (October 2020) Summary This report analyzes the impact of COVID-19 across industry sectors. It provides side-by-side analysis of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors. We also provide qualitative analysis of each sector and analyse COVID-19's impact on leading companies. Scope - According to Johns Hopkins University data, by 7 October 2020, COVID-19 has claimed 650,000 lives. The pandemic forced governments to impose rigid lockdowns that essentially shut down the worldwide economy for many months. With the exception of India and China, all major economies are expected to shrink this year. Unemployment levels have increased at jaw-dropping rates......
$1950

Global Emerging Technology Trends Survey 2020 – Thematic Research

Global Emerging Technology Trends Survey 2020 - Thematic Research Summary This survey was designed to help us understand the current attitudes of business leaders towards emerging technologies and evaluate how these attitudes are likely to evolve over the next three years. The results also give us a view of actual adoption levels of select emerging technologies in organizations across industries and geographies, as well as reasons for that adoption. While cybersecurity is important to all sectors, other emerging technologies are not. Business leaders should focus on technologies that make processes more efficient, cut costs, and assist with business development. Scope - This report provides a snapshot of current attitudes of business leaders towards emerging technologies. - It gives a......
$1950

Cloud Computing in Travel and Tourism – Thematic Research

Cloud Computing in Travel and Tourism - Thematic Research Summary Cloud computing refers to the provision of IT infrastructure and platform services to provide a flexible, scalable, and on-demand IT environment. Whilst not openly publicized, it seems cloud computing is a growing theme throughout the travel sector. Jobs related to cloud computing are the most active on GlobalData's Job Analytics database between mid-September and early October 2020 with growth surpassed only by further technology themes such as IoT, Big Data and Online Travel. This thematic research report takes an in-depth look at the role of Cloud Computing within the travel and tourism sector. The report looks at trends within tourism related to the cloud alongside offering an array of case studies that take a deep di......
$1950

Mergers and Acquisitions in Insurance (2017-Q1 2020) – Thematic Research

Mergers and Acquisitions in Insurance (2017-Q1 2020) - Thematic Research Summary A total of 186 insurance M&A deals valued at $50m or more were announced between January 1, 2017 and March 31, 2020. The combined value of these deals was $367bn. The fourth quarter of 2017 saw the most activity with 22 deals, while Q1 2018 represented the quarter with the largest transaction value, exceeding $100bn. In Q1 2020, M&A transactions totaled $40bn, up 96% from the previous quarter and 116% when compared to the same quarter last year. M&A in the insurance market has mainly been driven by big data, data analytics, cloud, digital insurance providers, and insurtech. We expect these themes to continue to drive M&A activity along with artificial intelligence (AI) and the Internet of Things (IoT), which......
$1950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy