The niche US home goods market has a long way to go. Market reports suggest that the industry has a mere 6% Internet penetration in the country. However, things are improving with e-commerce companies like Wayfair.com, One Kings Lane, and Fab.com bringing the home goods market to the consumers in a way not available earlier.
A report by Euromonitor International estimated the US jewelry market to have recovered to $59.1 billion last year. The market is finally back to pre-recessionary conditions and is projected to grow another 14% by the year 2018. The market remains highly fragmented with no single retailer commanding more than a 6% market share, suggesting a
According to Euromonitor International, the US home goods market is expected to grow 2.5% annually over the period 2013 to 2023 to be worth $297 billion in 2023. Researchers also estimate that the current US home market has very limited online penetration with a mere 7% of the sales being made through this channel. Boston-based Wayfair is trying
According to recent reports, the US online travel market was estimated to be worth $157 billion in 2013. PhoCusWright estimates that online adoption of travel services will continue to increase in the US from 41% in 2012 to 43% by 2015. An eMarketer report published earlier this year pegs the US online travel market to
Just when the market thought that all was lost for BlackBerry, Blackberry delivers a quarter that was better than market expectations, and the company claims that the worst is over and they are all set on the road to recovery. Really?
The $19 billion WhatsApp acquisition by Facebook attracted a lot of interest in the mobile messaging industry. According to a Canalys report for November 2013, WhatsApp was the leader among cross-platform social mobile messaging apps. But it appears that WhatsApp now has a bigger Made-in-China giant to compete with.
New age companies like Uber and Lyft have transformed the way standard cab services operate in a region. Airbnb is trying to deliver a similar transformation for the hotel industry. The service is attracting some high profile users with Warren Buffett encouraging people to use Airbnb as a staying option. Recent reports also reveal that Airbnb is
According to a recent Gartner report, the worldwide market for business intelligence and analytics software is estimated to have grown 8% last year to $14.37 billion while a recent IDC report expects the Big Data technology and services market to reach $32.4 billion in 2017. Gartner believes that the market would have grown faster but for challenging