London, 04 June 2015 – Technavio, a tech-focused research firm, has published a new report on the e-commerce software and services spending market in the US, which is expected to grow at a CAGR of almost 16% from 2015-2019.
According to the latest report by Technavio, the retail sector in the US is the most significant contributor to the market, followed by manufacturers and wholesalers. E-commerce is expected to transform the relationship model between end-consumers and manufacturers.
“Growth of e-commerce and the need to upgrade legacy systems will foster market growth in the near future,” says Faisal Ghaus, Vice President of Technavio.
“Retailers are also expected to reap the benefits of new, cloud-based e-commerce technologies through the projected period.”
The new Technavio report also emphasizes the growing acceptance of online shopping. The US was an early adopter of the technology, so the number of consumers in the country is already high. The rising number of online shoppers in the US will overtake the in-store shopping trend as consumers increasingly look for convenience in their retail experience.
“A growing customer base and strong competition have forced large retailers such as Target, Walmart and Macy’s to come up with new strategies,” says Ghaus.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
