Accenture, Demandware, and Huawei are three key vendors highlighted in a new Technavio report
London, 05 Oct 2015 – Technavio has published a new report on the e-commerce IT spending in China, which is expected to grow at a CAGR of almost 21% from 2015-2019.
E-commerce IT spending market segmentation by category
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different categories, including hardware, software, and services.
The new report by Technavio indicates B2B in China has been the major contributor of e-commerce IT spending. The majority of B2B models are shifting from legacy systems to affordable online platforms such as advanced automation systems where buyers and sellers can trade from anywhere in the world, using standard PCs.
“Organizations are integrating their processes with e-procurement companies and pure-play online B2B retailers to automate and facilitate purchase of their goods online. This will have a significant impact on the e-commerce IT spending market in China during the forecast period,” says Faisal Ghaus, Vice President of Technavio.
E-commerce IT spending: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the e-commerce IT spending in China from 2015-2019. To calculate the market size, we consider revenue generated from e-commerce IT spending in China that includes spending on hardware, software and IT services for e-commerce deployment.
Industry analysis includes:
Key Vendors:
- Accenture
- Demandware
- Huawei
- IBM
- Oracle
- SAP
Market Growth Drivers:
- Rise in Popularity of Mobile Commerce
- Popularity of Cloud Computing
Market Challenges:
- Issues with Security and Associated Implementation Costs
- High Dependence on Internet
Market Trends:
- B2B Models Moving Away from Legacy Systems
- Increase in Scope of CRM
View the e-commerce IT spending in China report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
