Technology
North American Semiconductor Industry Unites to Address Trade Challenges and Strengthen Resilience
Published
2 days agoon
By
BROMONT, QC, Jan. 28, 2025 /PRNewswire/ – Leading organizations across Quebec and the Northeastern states of the United States have joined forces to address trade challenges and strengthen resilience. Recognizing the semiconductor industry as a cornerstone of national security and economic sovereignty, this unprecedented collaboration aims to ensure that North America remains resilient, competitive, and autonomous in this critical sector.
The coalition includes:
AmCham QuébecVermont Agency of Commerce and Community DevelopmentUniversity of VermontTechnum Québec – Innovation Zone in Electronics and SemiconductorsDistriq – Quantum Innovation ZoneC2MI – MiQro Innovation Collaborative CentreISEQ – Pôle d’excellence de l’Industrie des Systèmes Électroniques du QuébecUniversité de SherbrookeConseil du patronat du Québec
Through the Memorandum of Understanding (MOU) signed between these stakeholders, the alliance will focus on:
Developing a resilient supply chain for uninterrupted access to critical components.Facilitating policy coordination to mitigate the impact of trade barriers.Establishing the Northeast Semiconductor Manufacturing Corridor, spanning Quebec and northeastern U.S. states, as a hub for innovation and advanced manufacturing.
“As global pressures increase, North America must unite to secure its semiconductor supply chain,” said Michel Belval, president of the AmCham Quebec chapter. “This partnership exemplifies how collaboration across borders can drive innovation, protect economic stability, and address strategic challenges in a rapidly evolving world.”
“The Northeast Manufacturing Corridor is home to the highest concentration of semiconductor manufacturers, with thriving tech hubs on both the Canadian and American sides. This partnership not only strengthens our ability to address emerging industry demands but also highlights the importance of sharing expertise and resources across borders to drive progress in advanced technologies,” said Normand Bourbonnais and Manon Duclos, outgoing and current CEOs of Technum Québec.
This joint effort underscores the recognition of semiconductors as critical to economic and national security. By leveraging the collective strengths of this alliance, North America positions itself as a global leader in technological innovation while fostering economic prosperity throughout the region.
In the coming weeks, additional organizations are expected to join this movement, further expanding the scope of collaboration. This announcement marks the beginning of a long-term alliance aimed at advancing the electronics, semiconductors, quantum technologies, and technological innovation fields globally.
About Technum Québec – Electronics and semiconductor innovation zone
Designated innovation zone by the Quebec government in February 2022, Technum Quebec is the technological ambassador of a digital Quebec. The organization contributes to the growth of the ecosystem by increasing the collaborations required for the development of innovations, technological transfers and the creation of economic, social and environmental wealth. Its various collaborations will enable the sustainable integration of intelligent electronic systems in all economic spheres and position Quebec as a leader on the world stage.
About AmCham Québec
The Quebec Chapter of The American Chamber of Commerce in Canada, known as AmCham Canada, is based in Montreal, the province’s commercial hub. At the confluence of language and culture, AmCham Canada’s Québec chapter is uniquely positioned to serve the needs of firms involved in the US-Canada business and trade relationship. From clarifying language policy to demystifying tax and legal regulations on both sides of the border to putting members into contact with experts on best practices in developing business in ‘the other market’, the Québec chapter serves the province’s vibrant and diverse business community in its relationships with Canada’s largest trading partner.
About Vermont Agency of Commerce and Community Development
The Vermont Agency of Commerce and Community Development (ACCD) helps Vermonters improve their quality of life and build strong communities. Collaboration is central to carrying out this mission and we work with other state Agencies as well as businesses of all sizes, communities, educators, non-profits, students, recreational venues, and many others.
About University of Vermont : For People and Planet
Founded in 1791, UVM is the leading public research university where discovery, creativity, community, and action coalesce to secure a thriving future for people and planet. Vermont’s state flagship and land-grant university produces $260 million annually in groundbreaking research and enrolls approximately 14,000 students from 50 states and 75 countries. At UVM, students, faculty, and staff work together in pursuit of a healthier, greener future. Learn more at uvm.edu.
About Distriq
The Quantum Innovation Zone based in Sherbrooke serves as a catalyst and orchestrator at the heart of Quebec’s quantum ecosystem.Recognized today as a world-class ecosystem, the Zone is primarily funded by the Government of Quebec. It brings together a comprehensive range of stakeholders and resources: fundamental and applied research, a startup creation studio, an incubator, investment funds, global business development expertise, industries, cutting-edge infrastructures, and a dynamic network of startups. This ecosystem attracts exceptional talent and world-class companies. Its mission is to accelerate the development and amplify the reach of Quebec’s quantum activities while positioning Sherbrooke as a place where technological innovation and an exceptional quality of life sustainably coexist.
About C2MI
The MiQro Innovation Collaborative Center (C2MI) serves as a reference in research and development to accelerate the commercialization of components essential to digital technologies, being a transversal vector for all the economic sectors and critical to wealth creation. Backed by a world-class infrastructure in the manufacturing fields micro-electro-mechanical systems (MEMS), advanced semiconductor assembly, quantum and printed electronics, C2MI is at the core of all industry sectors integrating components essential for the use and deployment of digital technologies. The Centre is strongly committed to be a unique model of collaboration, where synergy between industrial and academic partners is necessary, even essential, for the development of next-generation products. Visit: www.c2mi.ca.
About ISEQ – Pôle d’excellence de l’Industrie des Systèmes Électroniques du Québec
ISEQ is a Center of Excellence from the Quebec Ministry of Economy, Innovation and Energy (MEIE) which brings together companies, associations, partners, collaborators and educational establishments whose activities are linked to the development and marketing of processes and computer and electronic products.
About Université de Sherbrooke
Renowned for its innovative spirit, its synergy with organizations and its research activities that meet the needs of society, the Université de Sherbrooke is a leading partner of senior and regional governments in fostering social, cultural and economic development. It also stands out for the strong growth of its research activities in recent years, its successes in technology transfer, and its initiatives in entrepreneurship and open innovation in collaboration with industry and society.
About the Quebec Employers Council (CPQ)
Created in 1969, the CPQ is a confederation of nearly 100 sector-based associations and several corporate members (companies, institutions and other employers). It represents the interests of more than 70,000 employers, of all sizes and in all regions, from the private and parapublic sectors.
View original content:https://www.prnewswire.com/news-releases/north-american-semiconductor-industry-unites-to-address-trade-challenges-and-strengthen-resilience-302362590.html
SOURCE Technum Québec
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Technology
Retail Market in Philippines to grow by USD 66.35 Billion (2024-2028), driven by rising demand for convenience food products, Report on AI-driven market transformation – Technavio
Published
16 minutes agoon
January 31, 2025By
NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report with the AI impact on market trends – The retail market in philippines size is estimated to grow by USD 66.35 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 11.1% during the forecast period. Growing demand for convenience food products is driving market growth, with a trend towards in sales through online distribution channels. However, threat from counterfeit products poses a challenge. Key market players include A.S. Watson Group, Abenson, Amazon.com Inc., Cosco Capital, Fast Retailing Co. Ltd., Golden ABC, Inter IKEA Holding BV, McDonald Corp., Mercury Drug Corp., Metro Retail Stores Group, New City Commercial Corp., Nike Inc., Robinsons Retail Holdings Inc., Seven and i Holdings Co. Ltd., SM Investments Corp., SSI Group, WOW Group, and Wilcon Depot.
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF
Retail Market In Philippines Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 11.1%
Market growth 2024-2028
USD 66353.1 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
9.7
Regional analysis
Philippines
Performing market contribution
APAC at 100%
Key countries
Philippines and APAC
Key companies profiled
A.S. Watson Group, Abenson, Amazon.com Inc., Cosco Capital, Fast Retailing Co. Ltd., Golden ABC, Inter IKEA Holding BV, McDonald Corp., Mercury Drug Corp., Metro Retail Stores Group, New City Commercial Corp., Nike Inc., Robinsons Retail Holdings Inc., Seven and i Holdings Co. Ltd., SM Investments Corp., SSI Group, WOW Group, and Wilcon Depot
Market Driver
The retail market in the Philippines is thriving with various trends shaping the industry. Big-box retailers are expanding their brick-and-mortar stores, while e-commerce and mobile commerce continue to grow. Data analytics and artificial intelligence are being used for personalized marketing and inventory management. Multichannel retailing, online buying, and fast delivery are becoming the norm. Warehouse automation, cross-selling, upselling, and loyalty programs are key strategies for retailers. Food and beverages, including supermarkets and hypermarkets, convenience stores, and specialty food stores, are popular. Motor vehicle dealers, parts dealers, gasoline stations, and miscellaneous store retailers also contribute to the market. Technology trends like AI, machine learning, chatbots, AR, and VR are transforming retail experiences. Healthy eating and convenience in shopping are major consumer preferences. Ecommerce, nonstore retailers, building materials dealers, garden equipment dealers, pharmacies, healthcare stores, sporting goods stores, hobby stores, musical instrument stores, bookstores, and various other retail segments are also part of this dynamic market.
In the Philippine retail market, there’s a notable growth in online sales of consumer goods. Established and private retailers have capitalized on this trend, selling their merchandise via shopping portals. The elimination of physical stores, inventory, and salespeople through online channels has led retailers to prioritize digital sales. Additionally, the rise in internet and smartphone usage in the country provides a significant opportunity for retailers to expand their online presence. Consumers also prefer online shopping due to its time-saving and practical advantages, particularly for their daily FMCG needs.
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The retail market in the Philippines faces various challenges in today’s dynamic business environment. Traditional brick-and-mortar stores compete with big-box retailers, e-commerce, mobile commerce, and various forms of online buying. Data analytics and artificial intelligence are essential for personalized marketing and multichannel retailing. Fast delivery, inventory management, and last-mile delivery are crucial for customer convenience. Several retail sectors, including supermarkets and hypermarkets, convenience stores, motor vehicle dealers, parts dealers, gasoline stations, and miscellaneous store retailers, are adapting to these trends. E-commerce and nonstore retailers, such as cosmetics stores, clothing stores, electronics stores, appliance stores, furniture stores, home furnishings stores, department stores, general merchandise stores, and online stores, are investing in AI, machine learning, chatbots, augmented reality, and virtual reality for a seamless shopping experience. Food and beverage retailers, including specialty food stores and hobby stores, are focusing on healthy eating and convenience. Pharmacies and healthcare stores, sporting goods stores, and hobby stores are exploring new technologies like robotics, drone deliveries, and omnichannel shopping. Overall, retailers must embrace technology, provide fast and convenient services, and offer personalized experiences to stay competitive in the Philippine market.The retail market in the Philippines faces a considerable challenge from the proliferation of counterfeit goods. Fake products, ranging from Fast-Moving Consumer Goods (FMCG) to electronics, are widely available and pose a significant threat to both retailers and genuine manufacturers. These imitations, often sold through online platforms, are driving down prices with their lower quality and durability. This influx of counterfeits is making it increasingly difficult for customers to distinguish between genuine and fake items, negatively impacting sales for major retailers and damaging the reputation of legitimate brands. To stay competitive, counterfeiters price their products attractively, but the long-term costs to consumers and businesses are substantial.
Discover how AI is revolutionizing market trends- Get your access now!
This retail market in Philippines report extensively covers market segmentation by
Product 1.1 Food and beverages1.2 Personal and household care1.3 Apparel and footwear1.4 Electrical and electronics1.5 OthersDistribution Channel2.1 Offline2.2 OnlineGeography 3.1 APAC
1.1 Food and beverages- The retail market in the Philippines is witnessing growth in the food and beverages sector due to rising commodity prices and increasing purchasing power in regions like Manila and Calabarzon. Consumers are showing a growing preference for imported goods, particularly processed foods, which is projected to register the highest growth rate. Mini marts are gaining popularity in urban areas and expanding into smaller cities, focusing on instant food and beverage products. Ready-to-eat food products, such as protein balls, trail mix, and chilled ready meals, are popular choices. Freshly prepared hotdogs and steamers are also available daily in retail stores, attracting customers. These trends are expected to fuel the growth of the food and beverages segment in the Philippines during the forecast period.
Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics
The retail market in the Philippines is a vibrant and diverse sector, encompassing various formats such as big-box retailers, brick-and-mortar stores, e-commerce platforms, and mobile commerce. Consumers in the Philippines increasingly prefer the convenience of online buying, with fast delivery and inventory management being key factors. Retailers are leveraging data analytics, artificial intelligence, and machine learning to offer personalized marketing, cross-selling, and upselling opportunities. Multichannel retailing is gaining popularity, allowing customers to shop seamlessly across different channels. The retail landscape includes various segments such as food and beverages, motor vehicle dealers, parts dealers, gasoline stations, miscellaneous store retailers, cosmetics stores, and personal care stores. Innovative technologies like chatbots, augmented reality, and virtual reality are being adopted to enhance the shopping experience.
The retail market in the Philippines is a vibrant and diverse sector, encompassing various formats such as big-box retailers, brick-and-mortar stores, e-commerce, mobile commerce, and nonstore retailers. These channels offer a wide range of products, including food and beverages, electronics, appliances, furniture, clothing, cosmetics, and more. Convenience is a key driver in the Philippine retail industry, with an increasing focus on fast delivery, inventory management, and last-mile delivery solutions. Technology plays a significant role, with data analytics, artificial intelligence, personalized marketing, and multichannel retailing becoming increasingly important. Consumers can now shop online, in-store, or through their mobile devices, and retailers are leveraging tools like cross-selling, upselling, loyalty programs, and chatbots to enhance the shopping experience. Additionally, emerging technologies like augmented reality, virtual reality, and robotics are being explored to create innovative retail solutions. The retail landscape in the Philippines continues to evolve, offering consumers a wide range of convenient and personalized shopping options.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ProductFood And BeveragesPersonal And Household CareApparel And FootwearElectrical And ElectronicsOthersDistribution ChannelOfflineOnlineGeographyAPAC
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
Technology
Trusted Government Contractor and HPC Solution Provider Koi Computers Successfully Recertified to ISO 9001:2015
Published
16 minutes agoon
January 31, 2025By
CHICAGO, Jan. 30, 2025 /PRNewswire/ — Koi Computers, one of the leading complete HPC solution providers to the federal government, has successfully achieved recertification to the ISO 9001:2015 standard for another three years, from 2025 to 2028, further validating its commitment to maintaining an effective quality management system across its operations. This recertification signifies the company’s dedication to consistently delivering high-quality products and services to its customers.
“We are proud to once again receive this ISO 9001 recertification, which reflects our ongoing commitment to continuous improvement and customer satisfaction,” said Catherine Ho, Vice President of Federal Business Development at Koi Computers. “This achievement demonstrates the hard work and dedication of our entire team in upholding the highest quality standards.”
ISO 9001 is a globally recognized standard for quality management systems. It provides a framework that organizations can follow to ensure they consistently meet customer expectations and improve performance. By implementing ISO 9001, organizations can increase their operational efficiency, improve customer satisfaction, and demonstrate their commitment to quality. As a result of Koi Computers’ ISO 9001:2015 recertification, the federal government can continue to have confidence in the company’s commitment to customer satisfaction and that effective quality controls are in place.
About Koi Computers
Headquartered in Greater Chicago since 1995, Koi Computers has been working with top technology manufacturers to deliver scalable high performance computing and technology solutions that improve efficiency, reliability and speed. The company’s world-class engineering team specializes in building custom IT solutions that accommodate today’s needs and tomorrow’s vision with services that include performance benchmarking and outstanding support. Koi Computers has a strong track record of developing, building and deploying HPC technology for the U.S. Federal Government with satisfactory ratings in CPARS and Past Performance. The company is a Prime Contract Holder of the GSA IT Schedule 70, NASA SEWP V, and NITAAC CIO-CS contracts and the 2nd Generation Information Technology Blanket Purchase Agreement (2GIT BPA). To learn more, call: 888-LOVE-KOI (888-568-3564); email: sales@koicomputers.com or visit https://www.koicomputers.com.
For media inquiries, contact Catherine Ho at catherine@koicomputers.com (630) 627-8811.
Media Room, visit: https://www.koicomputers.com/about-us/mediaroom/
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SOURCE Koi Computers, Inc.
Technology
E-Commerce Retail Market to Grow by USD 4.06 Trillion (2024-2028), Advent of Personalized Shopping Boosting the Market, with AI Impacting Market Trends – Technavio
Published
16 minutes agoon
January 31, 2025By
NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global e-commerce retail market size is estimated to grow by USD 4.06 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 11.2% during the forecast period. Advent of personalized shopping is driving market growth, with a trend towards integration of AI. However, strict regulatory policies related to compliance and customer protection poses a challenge. Key market players include Alibaba Group Holding Ltd., Amazon.com Inc., Apple Inc., Best Buy Co. Inc., Blink Commerce Pvt. Ltd., Coupang Inc., eBay Inc., Etsy Inc., Flipkart Internet Pvt. Ltd., Inter IKEA Holding BV, Manash E-Commerce Pvt. Ltd., Nykaa E-Retail Ltd., Otto GmbH and Co. KG, Rakuten Group Inc., Reliance Retail Ltd., Shopify Inc., Snapdeal Ltd., Target Corp., The Kroger Co., and Walmart Inc..
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF
E-Commerce Retail Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 11.2%
Market growth 2024-2028
USD 4061.3 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
9.9
Regional analysis
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 42%
Key countries
China, US, Canada, Japan, UK, Germany, South Korea, India, France, and Italy
Key companies profiled
Alibaba Group Holding Ltd., Amazon.com Inc., Apple Inc., Best Buy Co. Inc., Blink Commerce Pvt. Ltd., Coupang Inc., eBay Inc., Etsy Inc., Flipkart Internet Pvt. Ltd., Inter IKEA Holding BV, Manash E-Commerce Pvt. Ltd., Nykaa E-Retail Ltd., Otto GmbH and Co. KG, Rakuten Group Inc., Reliance Retail Ltd., Shopify Inc., Snapdeal Ltd., Target Corp., The Kroger Co., and Walmart Inc.
Market Driver
E-commerce retail market is thriving with trends like online shopping through smartphones, daily essentials, and luxury products’ sales on cross-border platforms. Mobile technologies and e-commerce platforms are essential for business-to-business (B2B) and consumer-to-consumer (C2C) transactions. Apparel and accessories, groceries, and computer devices are popular categories. Logistics and digital infrastructure are crucial for seamless order processing, payment integration, and delivery services. Data security, cybersecurity, and social media are vital for e-retailers dealing with online transactions. E-commerce technology includes artificial intelligence, machine learning, and data analytics for marketing strategies. Banks and financial institutions facilitate account balances, money transfer, and online trading. E-commerce platforms offer mobile applications and responsive websites for purchasing everyday basics and luxury items. E-commerce trends also include voice recognition, headless e-commerce, and digital devices. Augmented reality provides a personalized shopping experience, while payment gateways and digital wallets ensure security features. E-commerce technology continues to evolve with AI technologies, voice orders, and AR. However, e-commerce retailers must address cybercrime and digital fraud to maintain customer trust.
The global e-commerce retail market is undergoing a notable shift with the integration of artificial intelligence (AI). This transformation is enhancing the shopping experience for consumers by providing personalized and efficient services. One significant development in this area is the introduction of AI assistants tailored for e-commerce. For instance, Amazon, a leading e-commerce company, launched an AI assistant named Rufus in August 2024, exclusively for its Indian customers. Rufus offers personalized product recommendations, shopping list suggestions, and product comparisons. Furthermore, it grants users access to customer feedback, enabling informed purchasing decisions based on others’ experiences.
Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!
Market Challenges
E-commerce retail market is experiencing significant growth with the rise of online shopping, especially through smartphones. Daily essentials and luxury products are popular categories, while cross-border trade presents new opportunities and challenges. E-commerce platforms must address data security concerns, ensuring digital infrastructure and cybersecurity. Mobile technologies, including mobile applications and responsive websites, are essential for reaching consumers. B2B and C2C marketplaces, hybrid and pure, offer various business models. Apparel and accessories, groceries, and electronic devices are top-selling categories. Logistics and delivery services are crucial for seamless purchasing experiences. E-commerce technology includes AI, machine learning, and data analytics for effective marketing strategies. Banks and financial institutions facilitate online transactions, while digital payment methods and payment gateways ensure secure money transfer. Voice recognition and headless e-commerce are emerging trends. Convenience shopping through voice orders and AR is the future of retail e-commerce. However, challenges such as cybercrime and digital fraud require constant vigilance.The global e-commerce retail market encounters regulatory challenges, with policies in various regions impacting businesses significantly. In Japan, the Act on Specified Commercial Transactions (ASCT) requires e-commerce operators to disclose specific information to consumers, such as cancellation policies, and prohibits unsolicited emails. The Act on Regulation of Transmission of Specified Electronic Mail (ARTSEM) reinforces this prohibition. The Consumer Contract Act further restricts e-commerce businesses from including unfavorable terms in their service agreements. Compliance with these regulations, coupled with internet-related intellectual property laws, creates a complex legal landscape for e-commerce businesses in Japan.
Discover how AI is revolutionizing market trends- Get your access now!
Segment Overview
This e-commerce retail market report extensively covers market segmentation by
Product 1.1 Apparel and accessories1.2 Groceries1.3 Footwear1.4 Personal and beauty care1.5 OthersModality 2.1 Business to business (B2B)2.2 Business to consumer (B2C)2.3 Consumer to consumer (C2C)Geography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa
1.1 Apparel and accessories- The global e-commerce retail market for apparel and accessories is experiencing growth, driven by increasing affluence, the trend toward premiumization, and a shift toward organized retail. In India, the domestic lifestyle industry, including apparel, beauty, accessories, and footwear, is projected to reach USD210 billion by 2028. Gen Z shoppers, heavily influenced by social media trends, are a significant driver of this growth. They prefer online shopping and are willing to spend on the latest fashion trends and premium products. Ajio, the retail fashion arm of Reliance, has capitalized on this trend with the launch of Ajio Street in March 2023. This platform offers a wide range of clothing and accessories at affordable prices, with delivery charges waived and a hassle-free return process. The apparel and accessories segment in e-commerce is diverse, catering to various consumer preferences and price points, from affordable fast fashion to high-end luxury items. Digital marketing and social media influencers play a pivotal role in shaping consumer preferences and driving online sales. E-commerce platforms effectively use these tools to reach a wider audience and create personalized shopping experiences. With the rising influence of Gen Z shoppers, strategic initiatives by major players like Ajio, and the effective use of digital marketing, the apparel and accessories segment in the global e-commerce retail market is poised for substantial growth. The focus on affordability, convenience, and trend-driven products will continue to attract a diverse and expanding customer base.
Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics
Research Analysis
E-commerce retail market is experiencing exponential growth, driven by the increasing popularity of online shopping for various products including daily essentials, luxury items, and computer devices such as smartphones, tablets, and computer devices. Mobile technologies play a significant role in this trend, with mobile applications and responsive websites enabling convenient purchasing on the go. Cross-border e-commerce is also on the rise, allowing consumers to buy from retailers around the world. E-commerce platforms provide inventory management, order processing, and payment integration, ensuring seamless transactions. Digital payment methods offer added security and convenience. Business-to-Business (B2B) and consumer-to-consumer (C2C) transactions are also common, expanding the reach of e-commerce. Internet penetration continues to increase, fueling the growth of electronic commerce (e-commerce). Voice orders and augmented reality are emerging trends, enhancing the shopping experience.
Market Research Overview
E-commerce retail market is experiencing exponential growth, driven by the increasing popularity of online shopping for daily essentials and luxury products. Smartphone devices have become the primary tool for accessing online platforms, leading to the rise of cross-border e-commerce. E-commerce platforms leverage mobile technologies and digital infrastructure to provide a seamless shopping experience. Business-to-Business (B2B) and Consumer-to-Consumer (C2C) transactions are growing, with hybrid marketplaces offering a blend of both. Apparel and accessories, groceries, and computer devices are popular categories. Logistics and delivery services ensure timely product delivery. Digital payment methods, payment gateways, and digital wallets prioritize data security and cybersecurity. Social media integration and voice recognition enhance the shopping experience. E-retailers use artificial intelligence, machine learning, and data analytics for inventory management, order processing, and marketing strategies. Banks and financial institutions facilitate online transactions, while e-commerce technology continues to evolve with headless e-commerce, augmented reality, and personalized shopping experiences. However, concerns over cybercrime and digital fraud persist, necessitating security features and headless architecture.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ProductApparel And AccessoriesGroceriesFootwearPersonal And Beauty CareOthersModalityBusiness To Business (B2B)Business To Consumer (B2C)Consumer To Consumer (C2C)GeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/e-commerce-retail-market-to-grow-by-usd-4-06-trillion-2024-2028-advent-of-personalized-shopping-boosting-the-market-with-ai-impacting-market-trends—technavio-302364364.html
SOURCE Technavio
Retail Market in Philippines to grow by USD 66.35 Billion (2024-2028), driven by rising demand for convenience food products, Report on AI-driven market transformation – Technavio
Trusted Government Contractor and HPC Solution Provider Koi Computers Successfully Recertified to ISO 9001:2015
E-Commerce Retail Market to Grow by USD 4.06 Trillion (2024-2028), Advent of Personalized Shopping Boosting the Market, with AI Impacting Market Trends – Technavio
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