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Global e-Commerce Market to Hit Sales of $58.74 Trillion By 2028 | E-commerce Market Has Come a Long Way, Still Need to Overcome Some Challenges



Westford, USA, Oct. 31, 2022 (GLOBE NEWSWIRE) — The rapidly expanding e-commerce market is a major force in the global economy, with growth rates consistently outpacing those of traditional retail. The industry is expected to grow even more quickly in the coming years, as more consumers shift their purchases online. This growth has been helped in part by the advent of mobile technology, which has made online shopping more convenient for customers. Continued innovation and development in e-commerce platforms will continue to drive growth in this sector.

It is no surprise then, that online marketplaces such as Amazon, eBay, Flipkart, Walmart, and Alibaba have achieved impressive scale and continue to grow at an even more rapid pace.

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What does this mean for businesses operating in the e-commerce space? Simply put, there are now hundreds, if not thousands, of ways for customers to purchase products and services online. This diversity creates significant opportunities for companies of all sizes and shapes to participate in this growing e-commerce market. Furthermore, the proliferation of mobile devices and apps has made it possible for shoppers to buy products anytime and anywhere they want – whether they are seated at home or on a bus ride across town.

The rapidly expanding e-commerce market is expected to grow even more in the coming years, as businesses strive to take advantage of the many benefits it provides. These benefits include lower costs and faster turnarounds, making it a popular choice for small and medium businesses. E-commerce stores are highly scalable, allowing them to grow quickly as demand grows. This makes them well suited for businesses that need to expand quickly but don’t want to invest a lot of money up front. Additionally, e-commerce platforms are often easier and cheaper to maintain than traditional storefronts.

As per SkyQuest study, large companies benefit the most from the e-commerce market because they can quickly test new products and markets without risking large investments. Small businesses can also benefit from e-commerce platforms, as they can start selling products immediately without having to invest in any equipment or inventory.

No Doubt E-commerce Market Has Come a Long Way, Still Need to Overcome Some Challenges

SkyQuest has recently released a study on the e-commerce industry. The report identifies some key challenges and opportunities for the sector.

Some of the main challenges identified in the report include that global growth is slower than expected, there is a lack of trust among consumers, and payments are still a challenge. On the other hand, opportunities include growing demand from developing countries, increasing global participation by small businesses, and increased innovation in e-commerce.

One way in which global growth of the e-commerce could be accelerated is if more countries started to adopt digital infrastructure. This would facilitate faster online transactions and improve access to goods and services across borders. Increased global participation by small businesses also has potential benefits for the sector as they can help to increase competition and drive innovation. In addition, advancements in technology could make it easier for shoppers to buy items impulsively, which could lead to increased sales volumes.

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Thus far, digital commerce has had a largely positive impact on business operations throughout the world. However, there are some potential challenges that businesses must be aware of. For example, cyber-attacks are becoming increasingly sophisticated and can compromise customer data as well as company assets. In addition, globalization continues to increase complexity within the e-commerce landscape, which could lead to disruptions if not managed effectively. Nevertheless, these challenges pale in comparison to the promise that digital commerce holds for both retailers and their customers alike.

Additionally, data security concerns are making consumers cautious about using online platforms for their shopping needs. Governments around world are also taking steps to support innovation in the sector through policies like e-commerce marketplaces (e-marketplaces) tax breaks

The report also highlights some key barriers to growth in the e-commerce industry, including increased competition from traditional retail channels and concerns about counterfeiting and cybercrime. However, according to the SkyQuest, these challenges can be overcome if policymakers take steps to promote innovation and investment in e-commerce infrastructure and support innovative business models.

Shifting Trend to Online Shopping: More than 50% sales Come From North America

According to SkyQuest, the e-commerce market is expected to grow at a CAGR of over 26.55% and reach market valuation of $58.74 trillion by 2028. The number of online shoppers is, unsurprisingly, rising rapidly. In 2021, there were 2.14 billion online shoppers, which was up from 1.32 billion in 2014 and 1.52 billion in 2016 – that’s a 28% increase over just five years! This growth will be sustained as more consumers turn to the internet for their purchasing needs. Interestingly, though e-commerce represents a significant chunk of overall retail spending (27% in 2021), it’s not growing as quickly as traditional retail sales (32%).

This discrepancy may be because many people still prefer brick-and-mortar stores, but it’s also likely attributable to different consumer motivations: while people shopping for clothes and household items are often searching for deals, those looking for products such as electronics or books tend to shop online first because they can compare prices more easily and get shipping speedier than in a physical store. Moreover, e-commerce market has begun investing in artificial intelligence (AI) technologies in order to personalize their content offerings and recommend similar items based on a customer’s past buying behavior. Brands that successfully implement AI strategies are seeing increased engagement rates on their social media platforms, helping them attracts new customers as well as keep current ones coming back.

The United States leads the pack in terms of online retail spending, with nearly 50% of total sales coming from this country. China comes second with 17%. These two countries are expected to continue to dominate the market over the next few years, as they continue to develop and grow their respective ecommerce industries.

Online shoppers are increasingly choosing to purchase items from multiple retailers instead of just one – 78% now do so, up from 66% back in 2013! This indicates that there is a lot of potential for growth in the market place for companies who can appeal to customers on multiple levels.

Given the popularity and growth of e-commerce market, it’s no wonder that many businesses are devoting resources to building their online presence. However, not all companies are successful in achieving this goal. In fact, SkyQuest found that only a small minority (approximately 10%) of retailers achieve an “excellent” or “above-average” digital customer experience. This suggests that there are plenty of opportunities for companies to improve their digital marketing strategies and increase their customer base through better customer experiences.

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Top Players in Global E-Commerce Market

  •, Inc.
  •, Inc.
  • Apple, Inc.
  • Alibaba Group Holding Limited
  • Flipkart Private Limited
  • Walmart, Inc.
  • eBay, Inc.
  • Best Buy
  • The Home Depot
  • Otto GmbH & Co KG
  • B2W Digital
  • Groupon, Inc.
  • Inter Ikea Systems B.V.
  • Costco Wholesale Corporation
  • Shopify, Inc.
  • Wayfair, Inc.
  • Suning.Com Co., Ltd.

Related Reports in SkyQuest’s Library:

Global Electrical Digital Twin Market

Global Data Protection As A Service Market

Global Procurement As A Service Market

Global Security Paper Market

Global Sports Analytics Market

About Us:

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.


1 Apache Way, Westford, Massachusetts 01886


USA (+1) 617-230-0741

Email: [email protected]

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Artificial Intelligence

Cisco Doubles Down on Network Assurance with AWS




News Summary: 
Cisco delivers seamless integration between ThousandEyes and Amazon CloudWatch Internet Monitor.ThousandEyes’ unmatched cloud and Internet visibility combined with AWS’s Internet health and performance insights will allow a complete view of an application’s entire service delivery path, across private environments, the public Internet and into AWS’s network.Customers benefit from new operational insights and recommendations enabling them to optimize deployments and assure exceptional digital experiences for any AWS-hosted application.LAS VEGAS, Nov. 28, 2023 /PRNewswire/ — AWS re:Invent — Today at AWS re:Invent 2023, Cisco (NASDAQ: CSCO) announced new integrations between Cisco ThousandEyes and Amazon CloudWatch Internet Monitor (CWIM), a new Internet monitoring service from Amazon Web Services (AWS). The first-of-its-kind integration empowers customers with unparalleled visibility into their cloud deployments, enabling them to deliver unmatched optimized digital experiences.

With this new integration, customers can leverage operational insights to ensure optimal placement of AWS instances and monitoring coverage based on user traffic profiles. This integration comes on the heels of ThousandEyes announcing AWS Network Path Enrichment, giving customers deeper visibility into AWS by enriching ThousandEyes Path Visualization with data from AWS data sources—helping customers work more collaboratively with providers to resolve issues that are impacting application performance.
Building upon the existing relationship between AWS and Cisco, the new integration demonstrates Cisco’s deep commitment to its end-to-end network assurance vision. Cisco securely and sustainably connects everyone to everything and assures the digital experience of every one of those connections. By working with AWS, Cisco is delivering on its promise to provide visibility into every domain that impacts digital experience—whether user, enterprise, Internet, or cloud—so it can ultimately provide artificial intelligence (AI)-driven insights, recommendations, and remediations to support the digital transformation of every customer, wherever they are on their journey. 
“Since launching one year ago, Amazon CloudWatch Internet Monitor has delivered real-time insights into the traffic and performance of our customers’ AWS VPCs, CloudFront distributions, and Workspaces towards Internet destinations. In-depth Internet visibility is critical to our customers, so we’re excited to combine forces with ThousandEyes to provide a comprehensive view of Internet health.” — Robert Kennedy, VP of AWS Border Network Engineering, AWS
“Connectivity is key to Sutherland’s business model and to our customer interactions. Cloud visibility is a big part of that and with ThousandEyes’ end-to-end visibility all the way from our employees’ home environments to AWS, we’re able to quickly catch and resolve issues which allows us to deliver consistent high-quality application experiences to both our employees and customers.”—Ted Sanfilippo, VP Infrastructure, Head of Global Network Services and GTOC, Sutherland
“Customers today need to assure digital experiences over any network—the ones they own and the ones they don’t. As the leader in Internet visibility, Cisco is on a mission to deliver unmatched, end-to-end network assurance. Today’s integration with AWS demonstrates our shared commitment to empower our customers to more effectively monitor and manage their cloud environments.”— Mohit Lad, Senior Vice President and General Manager, Network Assurance, Cisco, and Co-Founder, ThousandEyes
For more information and live demos visit ThousandEyes at AWS re:Invent at booth #1621. Join our Lightning Talk on the exhibit floor: NET102-S, “Extending ThousandEyes visibility to the AWS network,” November 28 at 3:30 PM – 3:50 PM (PDT)
The Amazon CloudWatch Internet Monitor integration will be available in Cisco ThousandEyes in spring 2024. The ThousandEyes platform is available for purchase today in AWS Marketplace.Additional Resources
ThousandEyes Announcement BlogAWS Marketplace: CiscoCisco at AWS re:Invent 2023Additional Cisco news at AWS re:InventAbout CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
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Artificial Intelligence

Artificial Neural Network Market to Reach $1.4 Billion by 2032 at 19.9% CAGR: Allied Market Research




The growing demand for AI-based solutions and the rising need for intelligent business processes are expected to drive the global artificial neural network market growth.
NEW CASTLE, Del., Nov. 28, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Artificial Neural Network Market by Component (Solution and Service), Deployment Mode (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry (Healthcare, BFSI, Retail and E-commerce, Manufacturing, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032”. According to the report, the artificial neural network industry generated $227.8 million in 2022 and is anticipated to generate $1.4 billion by 2032, witnessing a CAGR of 19.9% from 2023 to 2032.

Prime determinants of growth
The notable factors positively affecting the artificial neural network market include the growing demand for AI-based solutions and the rising need for intelligent business processes. However, a lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN) can hinder market growth. Furthermore, advancements in big data analytics and the availability of high-performance computing systems offer lucrative market opportunities for the market players. 
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Report coverage & details:
Report Coverage
Forecast Period
Base Year
Market Size in 2022
$227.8 Million
Market Size in 2032
$1.4 Billion
19.9 %
No. of Pages in Report
Segments covered
Component, Deployment Mode, Enterprise Size Industry, and Region.
Growing demand for AI-based solutions
The rising need for intelligent business processes
Advancements in big data analytics.
The availability of high-performance computing systems.
A lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN)
Buy this Complete Report (450 Pages PDF with Insights, Charts, Tables, and Figures) at:
The solution segment to maintain its leadership status throughout the forecast period
Based on component, the solution segment held the highest market share in 2022, accounting for less than two-fifths of the artificial neural network market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the growing need for a high level of personalization which is one of the primary reasons enterprises are increasing their investment in the artificial neural network market. However, the services segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. The services segment is expected to witness the highest growth, as these services help to reduce the time and costs associated with optimizing systems in the initial phase of deployment. 
The on-premise segment to maintain its lead position during the forecast period
Based on deployment mode, the on-premise segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue. An increase in the need for secure and reliable data within the organization is fueling the market growth for on-premises-based artificial neural network solutions. However, the cloud segment is expected to portray the largest CAGR of 21.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides several advantages such as reducing costs, supporting business, and effectively controlling the business environment in the organization.
The large enterprises segment to maintain its lead position during the forecast period
Based on enterprise size, the large enterprises segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue, owing to the growing demand for artificial neural network solutions in large enterprises which is fueling the market growth in these enterprises. However, the small and medium-sized enterprises segment is expected to portray the largest CAGR of 22.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides various benefits to the small and medium-sized enterprises organization.
The healthcare segment to maintain its lead position during the forecast period
Based on industry vertical, the healthcare segment accounted for the largest share in 2022, contributing for less than two-fifths of the artificial neural network market revenue, owing to the development of digital technologies in IT sector. However, the manufacturing segment is projected to manifest the highest CAGR of 24.3% from 2023 to 2032. The surge in implementation of automation trends and the increase in utilization of digital technology in this sector are expected to provide lucrative opportunities for the market.
North America region dominated the global artificial neural network market in 2022
Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the artificial neural network market revenue.  The increase in the usage of artificial neural network solutions in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, the Asia-Pacific segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. Countries such as China, India, and South Korea are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, which is further expected to contribute to the growth of the market in this region.
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Competition Analysis:
Recent Product launches in the Artificial Neural Network Market
In April 2023, Google LLC launched a cloud-based automation toolkit for healthcare organizations and previewed Med-PaLM 2, a neural network capable of answering medical exam questions.In August 2021, IBM Corporation unveiled details of the upcoming new IBM Telum Processor designed to bring deep learning inference to enterprise workloads to help address fraud in real-time..Recent Partnerships in the Artificial Neural Network Market
In June 2023, Snowflake partnered with Microsoft to simplify joint customers’ artificial intelligence projects. A core focus of the collaboration is Microsoft’s Azure OpenAI Service. It provides cloud-based versions of OpenAI LP’s machine learning models, including GPT-4.In November 2021, Qualcomm Technologies partnered with Google Cloud, on Neural Architecture Search (NAS), enabling the companies to create and optimize AI models automatically rather than manually.Leading Market Players: –
Amazon Web Services Inc. Google Inc. Hewlett Packard Enterprise Development LP IBM Corporation Intel Corporation Microsoft Corporation NVIDIA Corporation Oracle Corporation Qualcomm Technologies Inc. Salesforce Inc.The report provides a detailed analysis of these key players in the artificial neural network market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 
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AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link:
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.Int’l: +1-503-894-6022Toll Free: +1-800-792-5285UK: +44-845-528-1300India (Pune): +91-20-66346060Fax: [email protected]
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Artificial Intelligence

New process definition capabilities in PIMS further enhance quality assurance and “right -first-time” initiatives for pharma manufacturers




WOKING, England, Nov. 28, 2023 /PRNewswire/ — IDBS unveils new process definition templates in its latest release, PIMS 5.1. Process definition templates enable pharma manufacturers to template process steps and quality specifications for faster process definition set-up and improved harmonization across the manufacturing teams to further enhance quality assurance (QA) and “right-first-time” initiatives.

Providing contextualized access to aggregated manufacturing data, PIMS offers a single source of data truth for efficient gathering, sharing and analysis of critical manufacturing process and quality data to support continued process verification (CPV), investigations and process optimization.
This release builds on recent PIMS’ process definition enhancements that added process definition versioning and approvals to help alleviate manual standard operating procedure (SOP) requirements and enhance QA for a more robust GxP environment.
PIMS’ customers report that these standardized process definition templates will reduce their manual process definition set-up and enable easy, harmonized site and product comparisons.
“Our customers recognize the value of being able to trace their process data over time, not only for tech transfer but also to help them learn from their historical data and optimize future process development,” says Pietro Forgione, General Manager at IDBS. “Having their critical process data in PIMS already gives them the assurance of data integrity and these new enhancements now make it even easier to complete QA and validation steps and move them closer to ‘right-first-time’ manufacturing.”
To learn more, register for the December 6 webinar here.
About IDBS
IDBS helps BioPharmaceutical organizations accelerate the discovery, development and manufacturing of the next generation of life-changing therapies that advance human health worldwide. From lab through manufacturing, IDBS leverages its 30+ years of experience working with a diverse list of customers – including 18 of the top 20 global BioPharma companies – and deep expertise in scientific informatics and process data management to tackle today’s most complex challenges.
Known for its signature IDBS E-WorkBook product, IDBS has extended solutions across the entire value chain for BioPharma Lifecycle Management (BPLM). Built on analytics-centric and cloud-native technology, IDBS Polar and Skyland PIMS platforms are powered by a digital data backbone to drive faster and smarter decisions in drug development and across the supply chain.
Learn more at
MEDIA ENQUIRIES e |  [email protected] 
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