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.
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.
According to the latest report, 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.
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“Growth of e-commerce and the need to upgrade legacy systems will foster market growth in the near future,”.
“Retailers are also expected to reap the benefits of new, cloud-based e-commerce technologies through the projected period.”
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.
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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.
The new 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.