Within the United States and Canada, overall e-commerce orders have increased by 129% compared with last year. Similarly, the digital payments market is now expected to grow this year by 11% worldwide and as high 15.9% in places like China.
Enabling contactless customer interactions, from using smartphones for ordering in restaurants to controlling self-service kiosks with hand gestures, these solutions are reducing the risk of exposure to germs by making customer interactions touchless.
via CB Insights
Standard models of platform use and digital business service use are giving way to strategic blockchain projects and collaborations among unique sets of industry ecosystem players that pursue distributed ledger applications.
“Digital payments are limiting in-person transactions and ensuring consumers can buy essentials from the comfort of their homes. Ramped up e-commerce initiatives are also helping small businesses keep revenue flowing during an uncertain time.”
“This article is intended to provide business leaders with a perspective on the evolving situation and implications for their companies. The outbreak is moving quickly, and some of the perspectives in this article may fall rapidly out of date. This article reflects our perspective as of March 16, 2020.”
“Traditional businesses, because of the legacy they have in terms of business models and technologies, have struggled with their digital transformation when compared with born-digital companies. Is it possible to learn from platform-based companies?”
Digital assets and blockchain solutions are revolutionizing business operations across industries. As your enterprise shifts from proof-of-concept to production-grade implementation, leaders will seek technological solutions that include advanced security and scalability.
According to Juniper Research, global spending on digital commerce will reach $18.7 trillion by 2024 — that’s up from $11.2 trillion in 2019; an increase of 66 percent over the 5-year forecast period.
The global retail analytics market will reach a value of $24 billion by 2027 — expanding at a CAGR of ~19% from 2019 to 2027. Asia Pacific is anticipated to dominate the global retail analytics market and expand at a CAGR of ~24% during the forecast period.