ASIA-PACIFIC BIG DATA IN E-COMMERCE MARKET 2019-2028

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  MARKET OUTLOOK As per an analysis by Triton Market Research, the Big Data in e-commerce market in Asia-Pacific is likely to grow at a CAGR 14.19% in the forthcoming years 2019-2028. ASEAN countries, China, Japan, South Korea, Australia & New Zealand, India and the Rest of APAC together constitute Asia-Pacific’s Big Data in e-commerce market.
Asia-Pacific is expected to be the largest market for Big Data in e-commerce in the forecasted period. The growing adoption of technology and the major expansion of e-commerce applications of Big Data in Asian countries like China are some of the factors driving the regional market growth.
The majority of the corporations in the region have become aware of the benefits of adopting Big Data solutions in business processes in order to get meaningful insights into the behavioral patterns of consumer purchases https://www.tritonmarketresearch.com/reports/asia-pacific-big-data-in-e-commerce-market#request-free-sample. It is reported that there is a considerable increase in the number of internet users and social media users.
Online product searches and e-shopping concepts have been increasingly gaining attention. Due to the growing penetration of technology and smartphones, there is an increased preference for mobile platforms in the region.
These factors are likely to generate a large volume of structured and unstructured data sets. Such datasets would need proper utilization by using software tools.
The rising use of online platforms is expected to generate a large volume of consumer data, resulting in e-commerce companies, which makes use of customer analytics solutions to develop personalized business models. These factors indicate that there will be increased adoption of Big Data in e-commerce, thereby proliferating the market growth.
COMPETITIVE OUTLOOK The major players in the Big Data in e-commerce market are Palantir Technologies, Dell Technologies, SAS Institute Inc, Cloudera Inc, Amazon Web Services Inc, Hewlett Packard Enterprise Development LP, SAP SE, Splunk Inc and International Business Machines Corporation. Article Tags: E-commerce Market Source: Free Articles from ArticlesFactory.com We are a leading market research company providing you with syndicated market insights, customized research reports and cost-effective consulting services for constructive decision making.
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