Skip to main content

Global Big Data in E-commerce Market to project Steadfast Growth Rate at 14.17%


According to a new market research report published by Inkwood Research, the Global Big Data in E-commerce Market is projected to register a CAGR of 14.17% during the forecasting years of 2020-2028.



‘’Browse 65 Market Data Tables and 59 Figures spread over 137 Pages, along with an in-depth TOC on the Global Big Data in E-commerce Market Forecast 2020-2028.’’

REQUEST FREE SAMPLE LINK- https://www.inkwoodresearch.com/reports/big-data-in-e-commerce-market/#request-free-sample

Big data are considered as computationally analyzed huge data sets. The computational analysis helps in revealing the patterns, associations, and trends that belong to human behavior and interactions. Variety, velocity, veracity, and volume are the varied aspects of big data. The e-commerce business is benefited from utilizing big data and analytics. It helps the organizations in assessing the choice of product offerings, advertising, and price, so as to maximize profits. There has been considerable growth in the preference for online purchase among the millennials.


Big Data Utilization by E-commerce Companies Fuels Market Growth
The shifting preferences of the consumers call for frequent product upgrades and customizations. The rising use of big data is estimated to aid the e-retails in product recommendation and pending purchase reminders, leading to increased sales. The customer behavior analysis through the use of big data aids the companies and e-retailers in customizing their product offerings and recommendations, resulting in enhanced customer experience. A majority of marketing leaders claim that the customer-centric data like purchase preferences and patterns, become the deciding factors for the companies. Also, promotional campaigns, discounts based on past expenditure, coupon offers, profitable returns, etc. aid online retailers in attracting huge traffic and returns.

To know more about this report, request a free sample copy.

Customer Analytics is the Leading Solution in the Market
Customer analytics is considered as a comprehensive tool for identifying the requirements of the competitive business environment. Many online users become the target of several organizations for information regarding the online behavior of consumers. The customer analytics further aid the e-commerce business in gathering and understanding customer interaction, and the data is further merged with abstract groups for identifying the evolving patterns and trends. Such insights are procured through varied channels like web, emails, mobile, call canter, campaigns, etc. However, with many organizations transitioning from on premise to cloud-based services, customer analytics is projected to gain considerable traction. Moreover, the increasing inclination towards consumer satisfaction is boosting the popularity of customer analytics in the e-commerce industry.

Asia Pacific – The Dominating Region
With the largest market revenue share in 2019, the Asia Pacific region is estimated to record the highest growth rate by the end of the forecast period. The growing penetration of digital connectivity, the rising adoption of technology, and the large-scale expansion of e-commerce applications, in various countries of the region, are considered to be the crucial factors propelling the overall growth of the market. Also, the number of organizations using big data solutions for gaining significant insights into consumer purchase behavioral patterns, has gone up in the region.
Some of the major companies establishing their presence in the market include Microsoft Corporation, SAP SE, International Business Machines Corporation (IBM), Data USA, SAS Institute, Amazon Web Services Inc, etc. The market is oligopoly in nature, and is dominated by few major players. The service providers are estimated to focus more on constant upgrades and advancements as a result of the growing number of customers in the e-commerce industry.
About Inkwood Research
Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises of North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.
Contact Us
https://www.inkwoodresearch.com
sales@inkwoodresearch.com
+1 857-302-4704
Related Report:
GLOBAL BIG DATA MARKET
GLOBAL BIG DATA AS A SERVICE MARKET
GLOBAL BIG DATA ANALYTICS IN HEALTHCARE MARKET

Labels:

Comments

Post a Comment

Popular posts from this blog

HIV and Lyme Disease to Fuel Western Blotting Market Growth

  As per Inkwood Research, the Global Western Blotting Market is expected to grow at a CAGR of 6.67% in terms of revenue over the forecasting period of 2024-2032. “Browse 72 Market Data Tables and 60 Figures spread over 235 Pages, along with an in-depth TOC on the Global Western Blotting Market Forecast 2024-2032.”   VIEW TABLE OF CONTENTS Western blotting is a laboratory technique used to detect specific proteins in a sample by separating them through gel electrophoresis and transferring them onto a membrane. It allows researchers to identify, quantify, and analyze protein expression, size, and modifications in biological samples. REQUEST FREE SAMPLE Rising HIV and Lyme Disease to Push Western Blotting Market Growth The rising incidence of HIV and Lyme disease is significantly driving the growth of the western blotting market. As a crucial diagnostic tool, western blotting enables the accurate detection of specific proteins associated with these infections, prov...
Post a Comment
Read more

Stringent Composite Disposal Regulations Fuel FRP Recycling Market Growth

  As per Inkwood Research, the Global Fiber-Reinforced Plastic (FRP) Recycling Market is set to grow at a CAGR of 8.19% in terms of revenue and 7.79% in terms of volume during the forecasting period of 2024-2032. “Browse 59 Market Data Tables and 44 Figures spread over 215 Pages, along with an in-depth TOC on the Global Fiber-Reinforced Plastic (FRP) Recycling Market Forecast 2024-2032.”   VIEW TABLE OF CONTENTS Fiber-reinforced plastic (FRP) recycling involves reclaiming and reusing materials from products made of FRP composites. REQUEST FREE SAMPLE   These composites are composed of a polymer matrix reinforced with fibers such as glass, carbon, or aramid. The goal of FRP recycling is to minimize waste and reduce environmental impact by recovering valuable materials from these products, preventing them from being discarded in landfills or incinerated. Stringent Composite Disposal Regulations Boost Global Market Growth Stringent composite disposal regul...
Post a Comment
Read more

Tech Innovations to Aid Hydrogen Fuel Cell Recycling Market Growth

  As per Inkwood Research, the Global Hydrogen Fuel Cell Recycling Market is expected to grow at a CAGR of 14.20% in terms of revenue over the forecasting period of 2024-2032. “Browse 36 Market Data Tables and 42 Figures spread over 200 Pages, along with an in-depth TOC on the Global Hydrogen Fuel Cell Recycling Market Forecast 2024-2032.”   VIEW TABLE OF CONTENTS Hydrogen fuel cell recycling is an emerging field focused on reclaiming valuable materials, such as platinum and other metals, from spent fuel cells to promote sustainability and reduce costs. REQUEST FREE SAMPLE Efficient recycling processes can significantly minimize environmental impact by recovering resources that would otherwise be lost in landfills. As the demand for hydrogen fuel cells grows in sectors like transportation and energy, developing effective recycling methods will be crucial for creating a circular economy in the hydrogen industry. Tech Advancements to Propel Hydrogen Fuel Cell Recycling Market Gr...
Post a Comment
Read more