E-commerce IT Spending in US 2015-2019
About E-commerce Software and Service Spending
Electronic commerce, commonly called e-commerce, refers to the process of buying and selling products and services over computer networks. With the changing business landscape worldwide, several industries such as traditional retailers, banks, and travel agents have been aggressively embracing e-commerce technology, which can help them operate through channels such as web portals, thereby helping them gain a competitive advantage and reach customers faster. Moreover, the market is also collaborating with mobile and social media networks to further expand the reach of customers. E-commerce software offers advanced capabilities such as searches, order management, cart management, content management, as well as marketing and reporting.
Technavio's analysts forecast the E-commerce software and service spending market in the US 2015-2019 will grow at a CAGR of 15.63% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the E-commerce software and service spending market in the US for the period 2015-2019. The market is categorized into two categories: Software and IT services.
Technavio's report, E-commerce Software and Service Spending Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes the profile of key vendors operating in this market.
Technavio Announces the Publication of its Research Report – E-commerce Software and Services Spending in the US 2015-2019
Technavio recognizes the following companies as the key players in the e-commerce software and services spending in the US 2015-2019: Accenture, Cognizant, Demandware, eBay Enterprises, IBM, NetSuite, Oracle and SAP
Other Prominent Vendors in the market are: CenturyLink, cleverbridge, Dell, Digital River, HCL, Infosys, Insite Software Solutions, Intershop Communications, Jagged Peak, JDA Software Group, Kana, MarketLive, Marketo, MICROS Systems, Neolane, NetSuite, SLI Systems and Volusion
Commenting on the report, an analyst from Technavio’s team said: “The rising number of online shoppers in the US will cannibalize the in-store shopping trend as consumers look for convenience. Several industrial verticals, especially the retail segments, are significantly investing in the latest technologies to help both customers and store employees to provide seamless experience during the entire shopping cycle. A growing customer base and strong competition have forced large retailers such as Target, Walmart, and Macy’s to come up with new strategies. Thus, large brick and mortar vendors are aggressively focusing on marketing to sell their products through the e-commerce channel, which will significantly influence e-commerce IT spending.”
According to the report, increased use of mobile devices and smartphones and growing popularity of m-commerce have attracted investors to spend in the e-commerce industry in the US. High Internet penetration in the US and new technology gadgets have aided further investment. M-commerce has increased the consumer base for players marketing and selling products through the e-commerce channel. Thus, expansion of businesses will create more opportunities and need to procure efficient software and services to manage the same.
Further, the report states that securing private consumer data online is a major challenge for companies, especially in the financial sector.
Accenture, Cognizant, Demandware, eBay Enterprises, IBM, NetSuite, Oracle, SAP, CenturyLink, cleverbridge, Dell, Digital River, HCL, Infosys, Insite Software Solutions, Intershop Communications, Jagged Peak, JDA Software Group, Kana, MarketLive, Marketo, MICROS Systems, Neolane, NetSuite, SLI Systems, Volusion
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