latest technology in e-commerce

Latest Technology in

E-commerce

Although online stores account for

only 10% of the total retail sales, the

global e-commerce market is growing at

a CAGR of 19.42%

All rights reserved © R-Style Lab 2017

BY 2020, IT WILL TOP $ 4 TRILLION

1.6

1.9

2.3

2.9

3.4

4.1

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

2015 2016 2017 2018 2019 2020

($, in trillion)


Apart from APAC’s incredible

buying power, what are the factors

behind the market’s growth?

It’s new e-commerce technologies!


M-COMMERCE


M-COMMERCE GROWTH IS DRIVEN BY…

• Smartphone sales (1.49 billion units sold in 2016)

• Mobile Internet usage (51.26% of all Web traffic)

• Increased number of mobile-only Internet

users (11.3% of US population)

• Popularity of shopping and discount-tracking

apps (55% of consumers use a retail app either for or

while shopping)


ALSO, THERE ARE MOBILE PAYMENTS

3.3

20.1

31.1

21.0

14.1

8.4

2.1

(%)

14-17 yr

18-24 yr

25-34 yr

35-34 yr

45-54 yr

55-64 yr

65+ yr

US Proximity Mobile Payments User Share (by age, 2016)


AND BIOMETRICS. BY 2020, THEY WILL…

• Secure 65% of all m-commerce transactions

• Generate $ 34.6 billion in revenue

• Be used by 1.1 billion consumers worldwide

By 2020, m-commerce will account for 45% of all US online

sales


INTERNET OF THINGS


From smart fridges to Dash buttons,

IoT turns any connected object into

a sales channel


WITH HOME REPLENISHMENT…

31.0

14.0

11.7

7.55.5

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

P&G KimberlyClark

Clorox PepsiCo SCJohnson

(% of total Dash-triggered sales)

Top-selling Amazon Dash Brands

As of 2017, Amazon processes 2 orders placed via Dash

buttons per minute


SMART INVENTORY MANAGEMENT…

• By 2021, 65% of retail and e-commerce

companies will be using RFID tags for

inventory management

• With smart sensors and analytics software, e-

commerce companies can boost inventory

account accuracy up to 99%

• Sensors enable companies to speed up

inventory count up to 18 k items per hour(from 250 items per hour if done manually)


AND TONS OF SENSOR DATA

4.4

44.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0

2014 2020

(in zettabytes)

Digital Universe Growth

By 2020, IoT will produce 10% of all data out there


E-commerce companies gain a

better insight into customer buying habits

and optimize their marketing efforts


AUGMENTED & VIRTUAL

REALITY


In 2016, investments in VR/AR projects

reached $ 1.7 billion


BY 2025, VR/AR SOFTWARE MARKET

WILL TOP $ 35 BLN

11.6

4.1

3.2

5.1

4.7

2.6

1.6

2.1

($, in billion)

Video games

Live events

Video entertainment

Healthcare

Engineering

Real estate

Retail

Other


• Pull an Alibaba and make $ 17.8 billion in 24

hours by organizing a VR tour to US shops

• Build an app like Snapchat and charge up to

$ 750 thousand for a lens campaign

• Reduce return rate by creating an AR app

like IKEA

WITH AR & VR YOU CAN…

Time to find a VR/AR software developers company, right?


http://r-stylelab.com/

ARTIFICIAL INTELLIGENCE


By 2020, 85% of customer interactions

will be handled by robots & AI software


AI e-commerce potential lies in…

• Natural language processing (100 k Facebook

chatbots already navigate customers through online

catalogs and distribute promo content)

• Sensor data analytics (track your customers’

purchase history and deliver personal shopping

experience)

• Security solutions (AI-powered systems predict up

to 85% of cyberattacks and help companies fight

fraud)


New tech helps e-retailers reduce

operating costs, increase productivity

and boost revenue. Address a reliable

e-commerce solutions services company

ASAP – and success will follow!


http://r-stylelab.com/services/ecommerce-solutions-development

REPRESENTATIVE OFFICE

425 Market Street,

San Francisco, CA, 94105

+1 888 414 6445

[email protected]

DEVELOPMENT FACILITIES

76A Masherova Ave,

220035, Minsk, Belarus

+375 17 306 48 42

+375 29 348 44 44

SOURCES:

https://www.statista.com/statistics/220177/b2c-e-commerce-sales-cagr-forecast-for-selected-countries/

http://r-stylelab.com/company/blog/iot/internet-of-things-in-retail-top-3-business-opportunities

http://www.businesswire.com/news/home/20161010005517/en/Global-E-Commerce-Market-Growth-CAGR-

19.42-2016-2020

http://r-stylelab.com/company/blog/mobile-technologies/mobile-retail-strategy-5-steps-to-customer-

engagement

https://www.emarketer.com/Article/Mobile-Payments-US-Growing-Fast-Still-Far-Mass-Adoption/1014689

http://www.techdonut.co.uk/blog/16/04/internet-of-things-and-its-influence-on-ecommerce

https://www.statista.com/statistics/529861/cpg-brands-amazon-dash-share/

http://r-stylelab.com/company/blog/e-ccommerce/top-5-mobile-commerce-trends-for-2017


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