Nothing Seems to be Stopping MercadoLibre

According to the 2014 edition of the Latin America 500 by Internet Retailer, Latin America was the second fastest growing e-commerce market in the world. The report estimates that sales of more than 500 web merchants in the region have grown 23% in 2013 to $17.94 billion. The growth was dominated by Brazil due to high Internet penetration rates and a rapidly growing mobile device market. Brazil accounted for nearly 45% of the market with $11.7 billion in e-commerce sales. >>>

Featured Videos

Zulily Marches Ahead

A recent comScore report on the US e-commerce industry reveals that Q3 2014 desktop e-commerce sales in the country grew 13% to $53.9 billion. This was the twentieth consecutive quarter of positive year-over-year growth and the sixteenth consecutive quarter of double-digit growth. Mobile commerce continued to report a stronger growth as it improved 17% over the year to $6.7 billion. Total digital commerce sales came in at $60.6 billion for the quarter.

>>>

Jive Continues to Dive

According to a recent report by TechNavio, the Global Enterprise Social Software Market is estimated to grow 19% annually over the period 2013 through 2018. The researcher is seeing a strong demand of platforms that provide a comprehensive access to all social media including blogs, email, wikis, and forums. The strong market growth rate has attracted bigger players into the field while helping existing players deliver strong financial performance.

>>>

Online Travel Going Strong

According to a recent UNWTO report on international tourism, the number of tourists travelling internationally increased 5% over the year for the period January to August 2014. UNWTO estimates that during the eight month period, there were more than 781 million travelers.

>>>

Shutterfly Buys GrooveBook While Still Looking for a Buyer

According to a BCC Research report, the global digital photography market is estimated to grow 3.8% annually to reach $82.5 billion by the year 2016. While the photo printing industry is expected to suffer losses, the digital cameras and lenses market are expected to have 5.8% annual growth.

>>>

Chinese Giant Baidu Now Targeting Brazil

According to iResearch, the Chinese search engine market grew 51% over the year during the last quarter to RMB 16.45 billion (~$2.67 billion). Internet search giant Baidu (Nasdaq: BIDU) remained the market leader in the country with 82.2% market share followed by Google China, Sougou, and 360 search. Mobile search is the leading segment in the country and revenues from mobile search are estimated to have improved 60% over the year to RMB 5.53 billion (~$0.9 billion).

>>>

Hortonworks Plans to Raise Nearly $80 Million

According to a report by Allied Market Research, the global Hadoop market is projected to grow 58% annually over the period 2013 through 2020. The market estimated to be worth $2 billion in 2013 is expected to be worth $50.2 billion by the year 2020. The increase in the adoption of Hadoop is attributed to the demand for Big Data analytics.

>>>

BlackBerry Counts On Security Features

BlackBerry’s turnaround remained elusive during the last quarter. The company’s financial results weren’t particularly impressive. However, they continued to upgrade products and services and remained focused on their core area of mobile security services, hoping that the efforts will pay off soon.

>>>

HomeAway’s Expanding Tie-Ups

According to a travel report published by Amadeus, the global travel industry is expected to grow 5.4% a year through the ten year period from 2013 to 2023, faster than the global GDP. Travel growth is attributed to emerging markets of China and India as more travelers from Asia continue to take international trips.

>>>

Electronic Arts’ Game Titles Keep Delivering

According to a research report by Newzoo, the global games market is expected to grow to more than $102.98 billion by 2017. The researcher projects that mobile device including phone and tablet games will report the highest revenue growth reporting annual revenues of $35 billion by 2017. Here is an interesting infographic showing the movement of the gaming industry, courtesy Venturebeat.com.

>>>