Fast Market Research announces the availability of the new TechNavio report, "E-Commerce IT Spending Market in China 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/20/2015 -- E-commerce platforms enable online sales for B2B and B2C commerce. This channel is proving to be increasingly convenient for both the vendors and end-users to sell and procure respectively, owing to the increase in digital awareness. Technology services that enable creation and management of web storefronts, shopping cart management, personalization, transaction management, and product visualization, enable organizations to build efficient B2B or B2C online stores. However, with growing number of digital customers, interactive digital platforms and increase in awareness level, e-commerce companies are in need of constant innovation to enhance their digital capabilities. This is driving IT investment in e-commerce channel sales segment. China being the E-commerce behemoth is exhibiting significant growth potential for IT investments to in e-commerce market.
Get More Details on this Report and a Full Table of Contents at E-Commerce IT Spending Market in China 2015-2019
Technavio analysts forecast the E-commerce IT Spending Market in China 2015-2019 will grow at a CAGR of 20.73% during 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "The pace of both economic and technological evolution in China has been impressive, and this evolution continues to accelerate e-commerce in China, which is predicted to grow at a huge rate. In addition to being the largest e-commerce market, China is also one of the fastest growing e-commerce markets in the world. B2B e-commerce in China is the predominant contributor while B2C is very popular with a growing number of Internet population. Traditional retail and consumer brands are looking for a solution that can give them expertise to enhance their online presence."
According to the report, in line with global markets, the country is witnessing rapid uptake of mobile devices, especially in the smartphone and tablets segment. As such, the country is estimated to have more than 500 million active users of smartphones or tablets for shopping as of 2014. This has put the mobile as the most preferred way for reaching favorite e-tailers as opposed to traditional desktop purchasing method. As a result, retail players who do not have a presence in the mobile space run the risk of losing their stand in the market. To avoid this and also to capitalize on this opportunity several retailers have developed smartphone applications to tap into the potential of mobile commerce. This was reiterated by the fact that several online players have invested in mobile application development and application modernization services in the last two to three years.
Further, the report states that issues of data quality, concerns about data security, lack of B2B industry standards, and low IT adoption in the non-core cities are some of the barriers.
The key players in the E-commerce IT Spending Market in China are Accenture, Huawei, IBM, Oracle, SAP and Demandware while other prominent vendors include AsianInfo, Blucom, Digital River, Shopex, Demandware, Tencent, HP, Microsoft, Accenture, AsianInfo, Beyond Soft, CA Technologies, CDC Software, Check Point Software, ChinaSoft International, Cisco Systems, CSC, Dalian Hi-Think Computer Technology, Digital China Holdings, Emc2, Fujitsu, Global Infotech Holdings, Hi Sun Technology Holdings, HiSoft Technology International, Hundsun Technology, Insigma, Inspur Group, iSoftStone, Juniper Networks, Longtop, Neusoft, Pactera, SAP, Symantec, Taiji Computer, TCS, VanceInfo Technologies, WuXi AppTec and Yonyou
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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