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Global IT spending by Online Service and Application Market Forecast- Industry to Grow high by 2016-2020

Tuesday, February 14, 2017 3:22
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(Before It's News)

About IT spending by Online Service and Application

The advent of new technologies such as LBS has opened new horizons for end-users and has changed buying behavior of consumers. Retailers are refocusing their business strategies to integrate online and offline media to create a seamless and personalized omnichannel customer experience.

Digital channels significantly influence purchase decisions of consumers. Shoppers use smartphones to read product reviews and compare prices. Increased Internet penetration and improved bandwidth have spurred the use of smartphones, which in turn, is accentuating e-commerce businesses. We expect a boom in online commerce to have a cascading effect on online grocery sales.

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Currently, IT vendors provide e-commerce tools with built-in substitution management capabilities to provide alternative options for sold-out products in a bid to mitigate inventory clearance risks. They provide solutions for synchronizing in-store, and an online price variation as pricing for perishable goods is highly volatile. Also, they provide solutions for integrating order management systems with backend systems and analytics tools to streamline online order management.

Research Beam analysts forecast the global IT spending by online service and application market to grow at a CAGR of 20% during the period 2016-2020.

Market driver

• Accessibility to mobile booking apps

• For a full, detailed list, view our report

Market challenge

• Regulatory and political pressures

• For a full, detailed list, view our report

Market trend

• Adoption of in-app payment systems and integration with digital wallets

• For a full, detailed list, view our report

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Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?

• What are the key market trends?

• What is driving this market?

• What are the challenges to market growth?

• Who are the key vendors in this market space?

• What are the market opportunities and threats faced by the key vendors?

• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.

Table of Contents:

PART 01: Executive summary


PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

Market overview

Market size and forecast

Five forces analysis

PART 05: Market segmentation by products

Global IT spending by online services and application market by products

PART 06: Market segmentation by end-user

Global IT spending by online services and application market by end-user

IT spending by OTA

IT spending by e-grocers

IT spending by food delivery marketplace

IT spending by infotainment service provider

IT spending by cab aggregator

IT spending by MOOC service provider

IT spending by other segment

PART 07: Segmentation by geography

Geographical segmentation of global IT spending by online services and application market




PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

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