The Holiday Season is fast approaching which means fighting crowds, standing in impossibly long lines and stressing over whether or not the item that you want is actually even available. Year in and year out, the process has always been the same.
That is, until Online Shopping was born.
When Electronic Commerce, commonly called e-commerce first became popular back in the early 2000s it completely revolutionized the way we shop. End-users could browse online catalogues, check item availability and have purchases delivered right to their doors without ever having to leave home. With a changing retail landscape worldwide, traditional retailers, banks and travel agents looking for more e-commerce solutions that can help them operate through web portals so that customers can purchase their goods and services online which is driving The E-Commerce Software market at a CAGR of 11.73 percent for the 2012-2016 period.
A huge reason for the success of online shopping software is due to its integration 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 integrated with mobile and social media applications are witnessing a huge demand in recent years.
The high adoption of mobile devices, broadband connections, and the increasing time spent by users on the internet are some of the major reasons have allowed for niche markets like e-businesses, which are only available via the internet, and e-tailing, a combination of retail and e-commerce industries. Below is a graph that shows just how much the Global E-tailing market is anticipated to grow by 2016.
As you can see, the changing customer lifestyles and the growing awareness of brands and products have increased the number of customers shopping online. Furthermore, online shoppers are looking for websites that offer pricing comparison for the products of their choice to enable them to choose the best product. The market is also witnessing a rapid increase in the number of internet users. In 2012, the number of internet users worldwide was close to 2.5 billion. As this number continues to grow, so will the profit margins of e-commerce software manufacturers.
For more information, view our 2012-2016 Global E-Commerce Software Market report.
