Every week we put together a Weekly Wrap Up that highlights some of the top stories happening in the eCommerce industry around the world. This week, read about Magento and eBay’s big news, B2B eCommerce is growing with 18% of executives expecting their company to upgrade eCommerce platforms. Then check out comScore’s 4 Trends to anticipate for the holiday shopping season.
Yesterday, Magento announced that it has officially become part of eBay Enterprise. This latest chapter in the eCommerce platform’s evolution rounds out the company’s eCommerce ecosystem. By combining the eCommerce technology of Magento with the multichannel operations and marketing capabilities of eBay Inc., retailers have an unmatched portfolio of product offerings that work seamlessly to offer integrated commerce solutions.
B2B eCommerce executives anticipate strong growth in B2B eCommerce. 46% of executives surveyed by Forrester Research Inc. and Internet Retailer expect over half of their customers will be buying online within three years. 67% expect technology budgets to increase while 18% expect companies to upgrade current eCommerce platforms to sell to companies, government agencies and educational institutions.
The holiday shopping season is underway as desktop eCommerce and mobile commerce are anticipated grow to 14-17% this season. comScore predicts 4 trends this holiday season. 50% of Internet users are accessing the web and using more than one device therefore increasing Smartphone and Sit-Back Shopping. Social Commerce is a trend that will influence online holiday shopping while Showrooming continues to attract early bird holiday shoppers.
Bitcoin is the first decentralized digital currency that allows users to send and receive Bitcoins as a form of payment over the Internet. Unlike traditional forms of monetary exchange, Bitcoins are an easy way for online merchants and customers to transact online, offering an easy solution for online merchants who accept numerous currencies. Econsultancy asks, “Is it really relevant to the consumer or event on their radar?” Utilizing Bitcoins as currency proposes advantages in the global commerce, however it also has the potential to be just another currency.