NEW YORK, Nov. 19, 2015 /PRNewswire/ -- Global IT spending market by e-grocers: Market research 2015-2019
Covering: This report covers the growth prospects of the global IT spending market by e-grocers. It considers investments in software, hardware, and IT services. Key geographies considered in the report include EMEA, the Americas, and APAC. It also provides an insightful analysis on the leading vendors in the market such as IBM, HP, TCS, PayPal, Oracle, and SAP. It considers major players offering on-demand grocery delivery services at consumer's doorstep.
Market overview of IT spending by e-grocers
Growing popularity of the m-commerce platform is a key trend influencing the growth of the market, and the market is likely to reach a CAGR of 23% by 2019. Retailers are focusing their business strategy on integrating online and offline mediums to create a seamless personalized omni-channel customer experience.
This report focuses on IT spending by e-grocers to enhance online sales, leading to shoppers using smartphones to review products and compare prices. With an increase in the number of smartphone users, especially in APAC and Europe, the market is expected to gain significant traction in the years to come.
Geographical segmentation of the IT spending market by e-grocers
This report emphasizes the geographical distribution of global IT spending by e-grocers, which is primarily dominated by APAC, accounting for more than 60% of the market. A number of countries in APAC are at a nascent stage in terms of adoption of online grocery stores; yet, the region has witnessed tremendous growth over the past two years.
The Americas accounted for the smallest share of the market. However, lots of companies are focusing on enhancing the digital experience of consumers and improving their engagement levels by providing product listings and coupons, and improving their experience with respect to ordering and delivery. Relay, Freshdirect, Safeway, Amazon, Tesco, and Walmart are some of the top spenders on IT.
Vendor landscape of IT spending market by e-grocers in on-demand economy
Security is one of the major concerns in the online grocery market. Companies operating in this sector invest heavily in implementing secure solutions to enhance their customer base. The competitive environment of this market is expected to intensify due to increase in R&D and M&A in the coming years. The market is also likely to witness a growing trend of acquisition of local players by leading players. The key players in the market are expected to diversify their geographical presence during the forecast period, with their primary focus being APAC and Western Europe.
The top six leading vendors of the market include: -
The other prominent vendors in the market include Ciklum, Citrus Pay, Demandware, Ebay-GSI Commerce, Hybris, Infosys, JDA Software, MapmyIndia, Microsystem, NetSuite, and PayUZaakpay.
Key questions answered in the report
- What are the key factors driving the IT spending market by e-grocers?
- What are the key market trends impacting the growth of the IT spending market by e-grocers?
- What are the various opportunities and threats faced by the IT spending market by e-grocers?
- Trending factors influencing the market shares of EMEA, APAC, and the Americas?
- Key outcome of the five forces analysis on the IT spending market by e-grocers?
- Growth forecast of the global IT spending market by e-grocers until 2019?
Technavio also offers customized reports based on specific client requirement.
- Global IT Spending in Food Delivery Marketplace 2015-2019
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