According to a report released by TechNavio earlier this year, the global SaaS-based ERP market is projected to grow 13.8% annually over the period 2013 through 2018. Within the ERP market, IDC estimates that the human capital management (HCM) solutions market will grow 8.2% annually over the period 2013 through 2018 to $15.4 billion in 2018 . The HCM market is expected to have grown 9% over the year to $10.4 billion in 2013.
A recent Forrester report on cloud computing estimates the public cloud services market to grow to $191 billion by 2020 from $58 billion recorded in 2013. The report estimates the growth to be driven by the growth in Software-as-a-Service (SaaS) and cloud applications to $133 billion by 2020 from $36 billion in 2013. The cloud platform segment is expected to grow nearly ten times from $4.7 billion in 2013 to $44 billion by 2020 and cloud business services will bring in the remaining $14 billion revenues in 2020.
According to eMarketer, global business-to-consumer (B2C) e-commerce sales are estimated to grow 20% to $1.5 trillion this year. The growth is attributed to increased adoption of online and mobile devices in emerging markets and higher penetration of features such as advancing shipping and payment options, as well as the thrust into international markets by bigger brands. In fact, this is expected to be the first year when the Asia-Pacific market will outgrow the North American market with sales in Asia-Pacific estimated at $525.2 billion versus $482.6 billion in North America. Not surprisingly, China will be the largest market in the region. Here is an interesting infographic from the report showing the high e-Commerce growth anticipated by emerging markets.
According to iResearch, the Chinese online travel market is expected to grow from $46 billion in 2014 to $75 billion in 2017. A more conservative estimate for the market was released by PhoCusWright, which estimates the market to be worth $30.3 billion by 2015 and that it will account for 24% of China’s travel bookings by 2015.
A survey of more than 3,000 consumers conducted in February this year to understand car buyers’ behavior across the United States revealed the presence of a “trust gap” between car buyers and dealers. For instance, car buyers believe that dealers are getting significantly higher margins than what they actually get. According to the National Automobile Dealers Association, profits made by a dealer on a new-car sale have fallen from 5.5% in 2003 to 3.8% in 2013. Online negotiation and car buying and selling platformTrueCar (Nasdaq: TRUE) is hoping to minimize this gap in consumer perception by providing a more transparent solution.
It is not just online discount coupon site Coupons.com that is seeing their stock price fall below their list price. Market leader RetailMeNot (Nasdaq: SALE) is not faring any better—its stock is trading well below its list price from July. Recently announced disappointing results have not helped the stock either.
In one of the most awaited e-commerce IPOs, Alibaba listed earlier this week to become the largest ever IPO in the world. But it is not just Alibaba that has led the recent Chinese IPO bandwagon. Earlier this year, Chinese B2C e-tailer JD.com had listed a successful IPO as well.
According to a Euromonitor report, local independent restaurants account for 61% of all US restaurants. Within these small restaurants, takeout accounts for a big share of revenues—nearly $67 billion were spent on takeout by Americans in 2013.
According to an eMarketer report published earlier this year, 55% of US Internet users aged 18 and above will redeem digital coupons at least once this year. The number of digital coupon users is expected to grow 8% this year. Within digital coupons, mobile coupons are rising sharply with more than 70% of US adult digital coupon users expected to redeem a digital coupon on a mobile device. The report predicts that number to grow to 83% by the year 2016.
Analysts estimate that today nearly 20%-30% of the traffic to US e-commerce sites comes from international IP addresses. The growing importance of international consumers is forcing US-based companies to expand their e-commerce options to global locations. Companies are exploring options of international shipping along with the ability to transact in multiple currencies. Recently-listed Borderfree is helping retailers with these decisions.