19 September 2018: According to a report by Grand View Research, Inc., the worldwide B2C e-commerce market is likely to reach USD 7724.8 billion by 2025. B2C e-commerce services are generally categorized into B2C retailers and classifieds. These services are extensively utilized in various applications including automotive, beauty and personal care, consumer electronics, books and stationery, home decor, travel and tourism, sports and leisure, and other.
On Jan 16, 2018, Amazon Web Services, Inc. introduced AWS Auto Scaling monitors. This service can be helpful for applications to automatically adjust capacity for maintain steady and predictable performance. Using this service, user can setup scaling for many resources across several services. It can also provide user interface for creating scaling plans for Amazon EC2 instances.
On Jan 16, 2018, Amazon Web Services, Inc. introduced AWS Auto Scaling monitors. This service can be helpful for applications to automatically adjust capacity for maintain steady and predictable performance. Using this service, user can setup scaling for many resources across several services. It can also provide user interface for creating scaling plans for Amazon EC2 instances.
On November 27, 2017, Amazon Web Services, Inc. announced the launch of new suite of five video processing tools, which is a part of AWS Media Services. These are cloud-based tools, which are used to monetize video streams.
On November 16, 2017, Synchrony Financial and PayPal Holdings, Inc. announced about contract for expanding their strategic consumer credit relationship. In this contract, Synchrony Financial will acquire PayPal's U.S. consumer credit receivables portfolio and at the end of the contract the companies may extend the current co-brand credit card scheme agreement. The Synchrony bank will also become provider of the PayPal Credit online consumer financing for ten years in the US.
On November 21, 2017, Hakim Optical introduced an application called Virtual Try-On, which is available on desktop, Android and iOS. It is based on augmented reality (AR) that allows users to try on sets of glasses in real time on live camera using computer or smartphone.
On October 19, 2017, eBay Motors introduced Virtual Tech and tire fixings in the United States. Virtual Tech allows shoppers to purchase and connect with specialists certified with automotive service excellence (ASE) through an additional cost. The service will provide expert advice to shoppers about purchasing appropriate items and how to fix parts for repairing or upgrading their vehicles.
Increasing disposable income level, growing middle-class population and rising use of high-speed internet and mobile devices such as smartphones and tablets can propel the B2C e-commerce market during the forecast period (2014 to 2025). Online retail or e-commerce is changing the shopping experience for customers. Rising use of chatbots and artificial intelligence can have positive impact on the market. These technologies are increasingly used for promotional activities and improving customer experience.
Key Players operating in the market include eBay. Inc.; Amazon.com, Inc.; ALIBABA GROUP HOLDING LIMITED; JD.com, Inc.; and PayPal Holdings, Inc.
In-Depth Research Report On B2C e-commerce Market:
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