How App-to-App economy is changing US and the world retail Industry
Posted By :smartData
To get the grasp of the retail industry and how it shook the market by online purchase mobile application has become the hot topic on everyone’s mouth. The demand of customer is app economy and it is effective the retail industry.
Looking at the impact of the economy shift, I happen to listen to the discussion where one of my colleagues has deleted all the online shopping application from his mobile device to control his online purchase. Mobile application is gradually entering the era to explore the world with a click and to maintain the regular regime.
On-line shopping has hit the retail sector and the reason is the tad start-ups are selling all over the world keeping in mind the customer expectations with proper groundwork. Where on another side some major chains are struggling to seamlessly integrate on-line and bricks-and-mortar outlets. Shopaholics have set a high bar for retailers by demanding, anytime access and become quite savvy in their use of the Internet to research, compare, and buy.
The Wall Street Journal: – Mobile sales are booming, especially compared with sales gains from desktop computers. Last year, U.S. sales from mobile devices jumped 56% to $49.2 billion, doubling the previous year’s growth, according to comScore. Desktop sales still dwarf mobile, reaching $256.1 billion last year, but annual growth slowed to 8.1% from 12.5%.
Technology today has transformed even the smallest tasks of daily life. Mobile devices have risen in prominence in countries since the mid-2000s, consumer habits have shifted, relegating desktop computing to the background and disrupting many aspects of the online economy.
“Mobile devices are driving demand,” said Andrew Lipsman, a ComScore vice president, who has studied mobile shopping. “They can create an impulsive buying moment at any point in the day because they are with you all the time, right in your pocket.”
Change in consumer habits is the rise of the app economy and the decline of browser-centric businesses are causing shifts in market power whose outcome is uncertain. Change in the market can occur, and consumer habits frequently shift, even over the course of an investigation. As technology take its fold, every time it seems like a potential concern for the industry as with time there is a variation in consumer convenience.