2017 was the year of the spread of smart speakers and their digital voice assistants among consumers. Companies should expand their service offerings and optimise them for smart devices in 2018, which will give them more platform monetisation opportunities.
Virtual personal assistant speakers are going to hit the market in 2021 according to Gartner, who suggest that VPA-enabled devices such as Amazon Echo or Google Home will generate $3.52 billion in global revenue, up from $0.72 billion in 2016. This forecast is not surprising at all, especially if you consider the latest Amazon … Continue reading "Gartner’s Forecast: What’s next for digital personal assistant speakers?! [5 Reading Tips]"
The rise of conversational commerce as a result of the increasing popularity of voice-controlled virtual assistants like Amazon Echo and Google Home and the widespread adoption of messaging apps in daily communication bring voice and sound to a prominent position as the basis for the next gen interface, at the expense of the screen. Spotify … Continue reading "Content is king – as long as it is also fit for the ears! [5 Reading Tips]"
E-Commerce is flourishing on the European market although the growth pace varies across regions. According to the European Ecommerce Report 2017, it is estimated that the turnover will exceed the 600 billion Euro mark by the end of this year, a growth rate of nearly 14 per cent compared to 2016. And that opens the … Continue reading "Cross-Border E-Commerce: Wanna Sell Internationally? [5 Reading Tips]"
Nowadays, consumers can order almost everything online: lingerie, shoes, medicin, and glasses. You also can shop beauty and healthcare products, whose online turnover is expected to grow more than 8 per cent, annually between 2009 and 2019. This means the beauty and healthcare industry is taking the leap into the Internet determinedly by leveraging … Continue reading "4 perspectives to drive sales in the online cosmetic market [5 Reading Tips]"
One question is rattling around in my head: Why are products mutating into services? One symptom is the exponential growth of subscription box services in the US: the number of visits on these websites has increased by almost 3,000 per cent over the past three years (from 722,000 in 2013 to 21.4 million in 2016). … Continue reading "Curated boxes aim to leverage fashion as a service [5 Reading Tips]"
Marketplaces have been a recurring topic in Handelskraft posts. We have examined their usefulness for B2B and also hybrid formulas in which marketplaces play an important role. More recently we discussed the marketplaces’ ever-growing tendency that directly threatens retailers business. Today however we want to put the focus on the consequences of the wide spread … Continue reading "Marketplaces are becoming the first touchpoint [5 Reading Tips]"
Spring is always the chosen season for tech giants to present their latest developments and products and to transmit, especially to developers, their current and future line of thought. Facebook, Google and more recently Apple have made clear what their greatest bet is: Artificial Intelligence (AI). This promising core technology can be applied in … Continue reading "From apps through platforms to chatbots – A glimpse of the future of e-commerce [5 Reading Tips]"
Now that the good weather has come to stay, it is the moment to tune private gardens and houses to enjoy the outdoors. The search for colourful flowers and appropriate flower pots is endless. Balconies are decked out with trendy decorative objects. New furniture is needed for spending the most memorable nights by moonlight and … Continue reading "How digital is the German DIY retail market? [5 Reading Tips]"