According to a recent report released by Forrester, e-commerce sales in the markets of China, Japan, South Korea, India, and Australia will grow at a compound annual growth rate of 16.6% to $858 billion in 2018. The report predicts that growth rate in the developed markets of Japan will be comparatively slower at 10%. Japan’s
Today there is a growing importance of online review sites in the consumer decision making process. A Merchant Warehouse infographic released last year revealed that 72% of consumers trusted online reviews for their decisions. The study found that 90% of the visitors to online review site Yelp (NYSE: YELP) were influenced by the reviews they
A recent IBISWorld research saw the revenues of US consumer credit scoring agencies grow 5% annually over the period 2009 through 2014 to be worth $11 billion this year. The market is dominated by the three key credit score providers – Equifax, Experian, and TransUnion. Today, US consumers have nearly $13 trillion in outstanding debt
The interest in social blog sites, along with their valuations, has been growing rapidly. Last year, Yahoo acquired social blog site Tumblr for a whopping $1.16 billion. More recently, Automattic, the company that powers WordPress.com raised funds at a valuation of $1.16 billion as well. Here is a brief overview of how they have done
According to the United Nations International Telecommunications Union, by the end of the current year, nearly 3 billion people or 44% of the world’s households will have access to the Internet. Internet penetration is understandably the highest in the developed regions of America and Europe at 66% and 75% respectively. While three quarter of the
According to Gartner, the global video game industry is estimated to be worth $93 billion in 2013, growing from $79 billion in 2012. Gartner believes that the industry, which includes video game console hardware and software, online, mobile, and PC games, will grow to $111 billion by 2015. Growth is expected to be driven by
Online daily deals site Groupon (Nasdaq: GRPN) does not seem to be recovering at all. Earlier this week, they announced quarterly results that managed to exceed market projections. But despite their performance, a weak industry outlook and rising company costs sent the stock tumbling to 52-week low figures. According to a report by IBISWorld, the
According to a recent Gartner report, Worldwide IT spending is projected to grow 3.1% over the year to $3.8 trillion this year. Growth in the market will be driven by the Enterprise Software segment which is projected to increase 6.8% this year to $320 billion.