The two superpower countries US and China are in constant
competition when it comes to e-commerce
technology. As the Western market will become increasingly saturated, it is
expected that the giants are going to fight for their share in emerging
economies such as Africa or India. Along these lines, GlobalData has carried out a study and has identified top tech
trends related to online shopping.
Internet super-monopolies
The e-commerce sector is divided into two main parts: the giant internet ecosystems and the smaller online merchants. The latter have to constantly strive so that their customers do not drift away towards the larger companies. Firms such as Amazon, Alibaba, Google, Tencent, and Facebook are now so rooted in global online marketplaces that it has become nearly impossible to remove them from the competition. It is also advanced that mid-sized players will remain largely confined to their domestic markets.
The e-commerce sector is divided into two main parts: the giant internet ecosystems and the smaller online merchants. The latter have to constantly strive so that their customers do not drift away towards the larger companies. Firms such as Amazon, Alibaba, Google, Tencent, and Facebook are now so rooted in global online marketplaces that it has become nearly impossible to remove them from the competition. It is also advanced that mid-sized players will remain largely confined to their domestic markets.
Mobile payments
People can make purchases and manage their finances in different ways. Several companies are leveraging the benefits offered by mobile payments. This tech, in the online shopping sector, will be an extremely fragmented space. While there are going to be a few leaders who are going to dominate, there will be much competition. However, niche specialists will find some room to thrive.
People can make purchases and manage their finances in different ways. Several companies are leveraging the benefits offered by mobile payments. This tech, in the online shopping sector, will be an extremely fragmented space. While there are going to be a few leaders who are going to dominate, there will be much competition. However, niche specialists will find some room to thrive.
There
will be more competition in the e-commerce sector
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