LONDON--(BUSINESS WIRE)--E-commerce is a booming industry, with USD 1.61 trillion in sales globally in 2016 according to Infiniti Research. With consumers increasingly shopping online through desktops and mobile devices, having a solid e-commerce software solution is an essential part of running a competitive business. E-commerce software is therefore one of the fastest-growing verticals in the overall enterprise applications software market, offering end-to-end solutions to e-commerce companies.
Infiniti Research recently completed an assessment of the global e-commerce market with a focus on Asia-Pacific. The firm evaluated the market shares of key competitors, and offered an in-depth analysis of the current market scenario, market segmentation, and key accounts in order to assist the client in developing an effective growth strategy.
With the rising volume of data collected during every customer interaction, as well as high expectations for quick and convenient shopping experiences, online retailers are turning to artificial intelligence to improve their e-commerce solutions. AI can improve aspects such as image searches and recommendations, making it easier for consumers to find what they are looking for and more likely to complete a purchase. It can also provide chatbots to provide immediate customer service, and on the retailer’s end, help analyze and make use of all the data collected from site visitors.
Request a brochure to see how Infiniti’s market insights can help you
Technology advances and changes at a rapid pace, bringing advantages and efficiencies that were previously unavailable. It is important to keep up with these changes, both as potential market opportunities and as ways to improve your business processes. Market Intelligence can keep you informed on the latest developments, identifying new markets and monitoring the activities of the competition. It enables you to make business decisions with confidence.
In its recent evaluation of the e-commerce software market, Infiniti Research’s experienced market landscape assessment team worked with a leading software technology company to identify the key revenue-generating segments in the e-commerce software market and offered actionable insights specific to the current market trends, product offerings, and awareness towards new and upcoming technologies. Infiniti Research provided the client with a better understanding of the market, helping them develop an effective strategy for future growth.
Have questions about this study? Request more information on this report
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.
With 13 years of experience and offices across three continents, Infiniti Research has been instrumental in providing a complete range of competitive intelligence, strategy, and research services for over 550 companies across the globe.