Artificial Intelligence
France B2C Ecommerce Market Report 2022: Market to Grow by 12.2% to Reach US$145 Billion in 2022 – Forecasts to 2026
Dublin, Sept. 16, 2022 (GLOBE NEWSWIRE) — The “France B2C Ecommerce Market Opportunities Databook – 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics – Q2 2022 Update” report has been added to ResearchAndMarkets.com’s offering.
The B2C market in France is expected to grow by 12.20% on an annual basis to reach US$145,937.8 million in 2022.
Medium to the long-term growth story of the B2C Ecommerce industry in France promises to be attractive. The B2C Ecommerce is expected to grow steadily over the forecast period, recording a CAGR of 9.87% during 2022-2026. The country’s B2C Ecommerce Gross Merchandise Value will increase from US$130,068.2 million in 2021 to US$212,674.8 million by 2026.
The B2C e-commerce industry has recorded strong growth over the last few years, especially since the global pandemic outbreak in 2020. The growing consumer shift to online shopping channels has continued to support the growth of the e-commerce industry in France in 2021. The 12 months, 2021, was also seen as the year of consolidation for the e-commerce industry.
Driven by the global pandemic outbreak, the French B2C e-commerce industry is poised for further growth in 2022. While online purchases have surged during the pandemic, one trend that evolved is buying environmentally, ethically, and responsibly, including buying from French websites. The growing market size means growing competition among domestic and global players. Consequently, players are expected to increase their investment in new technologies such as artificial intelligence, voice search, and virtual reality.
Moreover, the emergence of social commerce is projected to become the next growth driver for the French e-commerce industry. While the market recorded growth across different e-commerce sectors, travel and tourism posted a strong growth recovery in 2021. With the segment projected to reach pre-pandemic levels in 2022, the online travel and tourism industry will further assist the industry growth in France over the next three to four years.
Amid the rising demand among consumers, brands are now selling products from their old collections under the second-hand label. This trend is expected to accelerate further, which will subsequently assist the growth of the overall B2C e-commerce market over the next three to four years in France.
The report also covers niche trends such as market size by live streaming engagement model and cross-border purchases. It also covers ecommerce spend share by operating systems, devices (mobile vs. desktop) and cities.
E-commerce platforms are expected to increase their investment in virtual reality, artificial intelligence, and voice search
Amid the rising e-commerce market in France, the competition in the sector has also surged significantly over the last few years. To increase their market share, players are looking to boost customer satisfaction and, as a result, are turning to new technologies that allow them to build customer loyalty.
Virtual reality and artificial intelligence are improving user experience and thus are driving sales opportunities for e-commerce platforms. In France, online shoppers are using Google Image to perform a reverse search to find online stores selling the product they want. Consequently, the publisher expects e-commerce platforms to increase their investment in virtual reality, artificial intelligence, and voice search over the next three to four years to boost customer satisfaction.
Social selling is expected to become the next growth driver for the e-commerce industry in France
In 2021, social commerce gained increasing traction among consumers globally, and France is no different. This trend is expected to accelerate in France as more and more consumers are projected to turn to social networking sites to complete their purchases online further. This trend is much higher among young generation consumers. Consequently, several businesses in the country are using social networking sites to reach a younger audience and generate more sales.
Global e-commerce retailers are entering the high fashion luxury space in Europe to expand their market share
The online retailer is now focusing on providing brands and designers with innovative resources to attract the fashion-engaged customer base in the European region. This retailer’s strategy is to tap into the five wealthiest nations in Europe, including France, to drive growth in business over the long run
- In May 2022, e-commerce giant Amazon expanded in Europe, including France, the United Kingdom, Germany, Italy and Spain, with high-fashion products. The retailer entered the European region after the successful launch of Luxury Stores in 2020 in the United States.
- Amazon introduced Luxury Stores to provide a new shopping experience for established and emerging luxury fashion and beauty brands. Now, the retailer has elevated the experience by introducing virtual shop window videos of models in the Luxury Stores microsite shows.
- Amazon now features nine designers on its website, including Elie Saab, Altuzarra and Jonathan Cohen. Other designers selling in the United States version had seen sales grow to 30%.
- Importantly, these luxury fashion brands are expected to offer free delivery and return to maintaining the same e-commerce model as the retailer. In addition, the brands will have the choice to distribute through their warehouses or Amazon’s.
Therefore, the world’s largest online retailer intends to bring the convenience of mobile shopping and rapid delivery to the fashion-engaged customers catered by exclusive boutiques and highly staffed stores. This is expected to attract a significant number of customers to the fashion hub of France over the medium to long term perspective.
French retail giants are entering into the social commerce space to expand their customer reach
With the shift in the pattern of taste and preference of the consumers, retailers are taking digital initiatives to expand market share in the country. French retailer Carrefour, which launched its e-commerce platform in October 2020, now announced the development of its social commerce platform to provide a unified experience for its millions of customers.
- In February 2022, Carrefour partnered with Brut, a leading digital media company in Europe, to create Brut Shop, social commerce market or live shopping platform.
- Through this platform, customers can access a unique website to make their online purchases while participating in live-streamed video events on social networks.
- The French retail giant, which stated that nearly 60% of Carrefour customers are interested in live shopping, is using its retail and social media strengths to attract more customers in the country.
Carrefour will be able to lure young customers, drive e-commerce conversions, and at the same time elevate both differentiation and customer engagement with their products.
The entry of the leading food retailers in France in the quick commerce space is expected to intensify competition in the online food service segment over the next three to four years. Grocery and fresh food delivery startups are raising funding rounds to compete with regional and global behemoths in France. With the competition in the online grocery and food delivery space continuing to intensify in France, France-based firms are raising funding rounds to compete with regional and global behemoths in the country.
- In December 2021, La Belle Vie, one of the leading grocery and fresh food delivery services, announced that the firm had raised EUR 25 million or US$28 million in its Series B funding round, led by Left Lane and Quadrille Capital. Notably, the EUR 25 million investment means that the firm had raised EUR 42 million since its inception.
- The firm plans to use the capital round to fund its expansion and presence in more French cities by the end of 2022. The online grocery platform, founded in 2015, offers more than 17,000 everyday items and other products. Using its proprietary supply chain solution, the firm delivers 15,000 orders a week. Notably, in the IIe-de-France region, the firm delivers products within one to three hours in more than 1,300 cities.
Along with its plans to expand and boost its presence in more French cities, the firm is also planning to accelerate the growth of its quick commerce solution, Bam Courses, which was launched in September 2020. Currently, Bam Courses operates in Paris and offers a 15-minute delivery service by leveraging the seven distribution centers across the capital city.
Scope
Companies Mentioned
- Amazon
- Cdiscount
- eBay
- Fnac
- Leroy Merlin
- Deliveroo
- E.Leclerc Drive
- HelloFresh
- Jumia Food
- Uber Eats
- Booking.com
- G7 Taxis
- Omio
- SNCF Connect
- Tripadvisor
For more information about this report visit https://www.researchandmarkets.com/r/mn4x5o
Helena Nimmo appointed CIO and Debra McCowan appointed CHRO to fuel IFS’s next phase of growth in pioneering and dominating Industrial AI
LONDON, Oct. 7, 2024 /PRNewswire/ — IFS, the leading provider of enterprise cloud and Industrial AI software, has made two senior appointments to its Executive Board. Helena Nimmo joins as global Chief Information Officer (CIO) and Debra McCowan as Chief Human Resources Officer (CHRO).
Nimmo joins from Endava, a US-listed global technology company with over 12,000 employees. As CIO at IFS, Nimmo will engage CIOs and tech leaders at IFS customers to help them with their strategic transformation journeys, as well as driving the effective application of technology within IFS to deliver better products and services to customers. With IFS leading the adoption of Industrial AI across the world, Nimmo will drive the integration of AI across the IFS community, enabling IFS customers to deliver exceptional moments of service to their clients.
McCowan was CHRO at NetApp, Inc., a Fortune 500 global data infrastructure, AI and cloud services company. In this board level role, McCowan was a strategic partner and advisor to the CEO and executive leadership team. As IFS rapidly grows beyond 7,000 employees in over 90 countries, McCowan will build on the HR transformation strategy IFS has already embarked on, to lead a high-performing global team, delivering progressive HR strategies and initiatives to rapidly grow and scale IFS’s footprint.
“I’m delighted that Helena and Debra are joining IFS at such a pivotal point in its growth journey,” said Mark Moffat IFS CEO. “Helena’s leadership has been instrumental in orchestrating company-wide transformations, developing core technology infrastructures, and implementing robust security measures. Debra is a transformational Human Resources executive with years of global leadership experience in the technology sector, making her an excellent fit for this role. I look forward to the new perspectives and ideas they will both bring to IFS and support our global mission to lead the Industrial AI revolution.”
Nimmo started her career at Nokia in Finland and has since held leadership positions in both customer-facing and internal technology functions at organizations including Symbian, Fujitsu and Thomson Reuters.
“I’m delighted to be joining IFS, the world leader in cloud enterprise software and Industrial AI,” said Nimmo, IFS’s CIO. “I am excited to add my expertise to drive digital innovation and deliver exceptional value to our customers. I have a passion for technology and a commitment to excellence and am eager to contribute to IFS’s continued growth and success.”
Prior to NetApp, McCowan was the CHRO at Equinix the world’s leading global data center and interconnection provider. She has held global executive leadership roles at Avago Technologies (now Broadcom Inc.), Hitachi Data Systems (now Hitachi Vantara), and Telstra Corporation.
“Joining IFS at a time of significant growth globally is a tremendous opportunity,” said Debra McGowan, IFS CHRO. “My mission is to continue to build a conducive environment for diverse, strategically aligned high performing teams to connect and thrive in a fast-paced business and in a dynamic workplace. I look forward to this exciting challenge.”
About IFS
IFS is the world’s leading provider of Industrial AI and enterprise software for hardcore businesses that make, service, and power our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability.
IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers’ specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), Information Technology Service Management (ITSM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™.
IFS was founded in 1983 by five university friends who pitched a tent outside our first customer’s site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 90+ countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visit ifs.com to learn why.
Contact information:EUROPE / MEA / APJ:Adam GillbeEmail: [email protected]
NORTH AMERICA / LATAM:Mairi MorganEmail: [email protected]
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Artificial Intelligence
Transforming Real Estate: Deka Immobilien and BuildingMinds Join Forces to Create Centralized ESG Data Hub for Carbon Reduction
BERLIN, Oct. 7, 2024 /PRNewswire/ — Deka Immobilien is implementing a central ESG data platform for its entire global real estate portfolio with BuildingMinds, the GRI winner of Proptech of the Year 2024. In the future, all stakeholders, from property and asset management to portfolio management, will be able to make data-driven decisions in real-time concerning the buildings and their CO2 emissions. At the same time, the created database will become the central supplier for Deka Immobilien’s ESG reporting activities.
The BuildingMinds platform is intended to serve as a control instrument, primarily for reducing the CO2 emissions of existing buildings.
A good, reliable database is the starting point for a well-founded reduction of CO2 emissions. BuildingMinds supports Deka Immobilien by providing structured data collection methods for energy and media consumption that meet the demands of a global real estate portfolio with varying requirements in individual countries and across different types of building usage. In addition, ESG-relevant documents such as energy certificates, green building certificates, and other expert opinions can be linked to each building. Enriched by a data quality assurance process, including a digitized, comprehensible filling of any data gaps, the platform becomes the “single-source-of-truth” for planning and reporting systems at Deka Immobilien.
The acquired database will become a central component in creating transparency around Deka Immobilien’s actions and the foundation for meeting European ESG reporting requirements. The BuildingMinds platform is integrated into Deka Immobilien’s reporting processes and also supports evaluations regarding the taxonomy conformity of the portfolio.
In the active asset management of the properties, the platform is used as an optimization tool. In the future, property, asset, and portfolio managers should be able to validate planning decisions based on real-time data. Benchmarks for energy and CO2 emissions can be used to analyze individual assets and entire portfolios. Targeted action plans can be evaluated in terms of their impact on energy, CO2 emissions, investment, and operating costs, allowing the path to achieving climate goals to be aligned with the fiduciary responsibility towards investors.
About BuildingMindsFounded in 2018 and fully funded by the Schindler Group, BuildingMinds is a software-as-a-service (SaaS) provider for the real estate industry, offering a comprehensive, data-driven platform for improving building performance. Using innovative technologies and analytics, BuildingMinds enables property owners and managers to efficiently monitor, assess, and optimize their portfolios and assets. This supports the development of a more sustainable and data-driven transformation in the real estate industry.
International Press Enquiries: Peter PanayiHead of Go-To-Market & Global Communicaions+44 [email protected]
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Artificial Intelligence
Racing Legend Jacques Villeneuve Engages CYPFER to Embolden Cybersecurity & Digital Resilience
Villeneuve Looks to Be a Living Demonstration of Futurizing Racing Brands and The Business of Motorsports
MIAMI, LONDON and TORONTO, Oct. 7, 2024 /PRNewswire/ — Jacques Villeneuve, former Formula 1 World Champion and current F4 team owner, announced today the strategic partnership with Daniel Tobok, CEO of CYPFER, as Chief Cyber Intelligence Advisor for Villeneuve’s racing teams.
“The integration of advanced technology in motorsports demands equally advanced cybersecurity measures,” says Daniel Tobok, CEO of CYPFER. “With Jacques Villeneuve’s teams pushing the limits of innovation, we are dedicated to protecting their digital infrastructure, ensuring data integrity, and maintaining competitive advantage,” states Tobok.
The motorsports industry is increasingly reliant on digital technology, from car telemetry to race strategy simulations. According to a report by Cybersecurity Ventures, the cybercrime epidemic is predicted to cost the world $10.5 trillion annually by 2025, with the sports sector being a significant target due to its high-profile nature and valuable data.
“Racing at the highest levels requires not only physical and mechanical excellence but also digital security,” says Jacques Villeneuve. “Partnering with CYPFER gives us the confidence that our sensitive data, from race strategies to telemetry, is secure from cyber threats. This collaboration is a crucial part of our commitment to our core mission: winning races and pushing the boundaries of what’s possible in motorsports,” concludes Villeneuve.
“Entering the world of motorsports with Jacques Villeneuve is an exciting milestone for CYPFER,” shares Tobok. “Jacques’ legacy in racing and his forward-thinking approach make him an ideal collaborator. We are ready to safeguard his teams’ digital assets and contribute to their continued success,” concludes Tobok.
About CYPFER
CYPFER is on a global mission to help companies create Cyber Certainty™. With an experienced team of incident responders, threat researchers, seasoned ransom experts, and data restoration experts, CYPFER is the trusted firm for leading law firms, insurance carriers and global organizations. CYPFER’s cybersecurity professionals are located across the US, Canada, UK, and Caribbean. The CYPFER team is ready to respond and help clients experiencing cyber attacks 24x7x365. CYPFER’s experts provide white-glove service and aim to restore Cyber Certainty™ for all clients on every engagement.
CYPFER’s core services include:
Ransomware Advisory Incident Response Services with specialized expertise in ransomware response and recoveryOn-site and/or remote post-breach restoration support to augment internal teamsCYPFER is headquartered in Miami, FL. The company currently employs 140+ cybersecurity experts and has supported clients across six continents. CYPFER is executing plans to expand across the globe and boast a workforce of 200 cybersecurity professionals by the end of 2024.
For inquiries, please contact our PR Team at [email protected]
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