What is Customer Analytics in E-commerce Market Scope?
Customer analytics refers to the processes and technologies that give data and information surrounding customer behaviour to make business decisions and it usually involves techniques that include predictive modelling, data visualization, and information management. E-commerce industries generally offer services to the consumer for the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. Ecommerce Uses Customer analytics information and gathers data from all areas that have an impact on the online store and uses this information to understand the trends and the shift in consumers' behaviour to make data-driven decisions that will drive more online sales.
Influencing Trend:
Rising adoption of disruptive technologies, technologies such as AI, ML, and business process automation to streamline marketing operations
Market Growth Drivers:
Digitalizing to enhance customer experience and E-commerce operations, The growing number of smartphones, and increasing use of m-commerce and Increasing demand to understand customer buying behaviour for a more personalized customer experience
Challenges:
Organizational failures pertaining to optimum use of customer data
Restraints:
Legal concerns and data privacy issues
Opportunities:
Emerging demand from the developing regions and The fastest-growing market for E-commerce
The Customer Analytics in E-commerce market study is being classified, by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions expansions investments new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Customer Analytics in E-commerce market throughout the predicted period.
Microsoft (United States), IBM (United States), Oracle (United States), Google (United States), Salesforce (United States), SAP (Germany), AWS (United States), Teradata (United States), SAS Institute (United States), Fujitsu (Japan) and Capillary (Singapore) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are FLIR Systems (United States), Information Builders (United States) and 1010Data (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Customer Analytics in E-commerce market by Type, Application and Region.
On the basis of geography, the market of Customer Analytics in E-commerce has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In July 2023, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), today at AWS Summit New York announced the general availability of AWS Entity Resolution, an analytics service powered by machine learning (ML) that helps organizations easily analyze, match, and link related records stored across applications, channels, and data stores. AWS Entity Resolution uses customizable workflows that leverage rule-based and ML techniques to join related consumer, business, and product information.
In August 2023, Emplifi, has launched of Unified Analytics, an integrated solution that aggregates, analyses, and presents customer data in an easily digestible format. As an integral component of Emplifi’s Customer Engagement platform, Unified Analytics provides deep business insights that can vastly improve the customer experience by bringing together social media data, customer service and care case management data, Voice of Customer (VoC) insights, and influencer marketing analytics.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Customer Analytics in E-commerce Providers, Dealers Suppliers Traders and Distributors, Government Regulatory and Research Organizations and End-Use Industry
Customer Analytics in E-commerce Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Customer Analytics in E-commerce Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Customer Analytics in E-commerce industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.