E-commerce Statistics tips for Strategic Planning in 2019

Owning your own eCommerce business? Then this is a must-read article for you. Whether you own your an online business or in-store one, you should be aware of the current e-commerce trend and where the market is going in-order to expand your business and get more sales. 

The below mentioned points will update your pre-existing knowledge on e-commerce and will remove the pre-existing notions that you have. On the whole, it will help strengthen your strategies for e-commerce marketing and in expanding your business.

E-commerce Statistics Tips

In order to study the E-commerce trend and get your business going accordingly, you should have knowledge about the following points

• ·         General Facts
• ·         Online Shopping trend
• ·         Mobile-based e-commerce statistics review
• ·         Behavioral study of the shopper

General facts

Here are a few general facts that you should take into consideration while developing e-commerce strategies for your business.

•            The total value of global retail e-commerce sales
•            More than 10% of global retail sales will be covered by e-commerce
•      There are about 12-24 million global e-commerce sites
•      Credit cards are the most preferred form of payment

The total value of Global retail e-commerce sales 

E-commerce statistics report a steady rise in global e-commerce sales. And this rise is speculated to reach over $4878 billion in 2019. (Source: Statista)

More than 10% of global retail sales will be covered by e-commerce

There is constant and steady growth in the field of e-commerce retail sales. While e-commerce accounted for only 7.4% of total retail sales in the year 2015, it has shown a remarkable increase and accounted for more than 10% of e-commerce sales in the year 2019.

More than 12-24 million global e-commerce sites

There are a huge number of e-commerce companies in the world. Actually, there is no particular definition of an e-commerce company. There are companies which have a business online and sell their products on their website. There are other e-commerce companies like Amazon, Flipkart, Alibaba, etc. and companies who have their site but do not really sell anything online. All these companies altogether account for about 12-24 million global e-commerce sites.

Credit cards are the most preferred form of payment

According to a survey most of the online shoppers prefer credit cards as their mode of online payment. This is followed by electronic payment with sites like PayTM and then follows payment with Debit cards and cash on delivery.

Online shopping trend

As per the notice, here are the few shopping trends that are observed in the shoppers throughout the world.

• Men shop more from e-commerce sites than women
• The most active online shoppers

Read the main article on Andolasoft Blog.

How to Minimize the Cloud Security Risks for SaaS Application

Software as a Service (SaaS) has grown to become the world’s most popular software delivery model and is showing no sign of slowing down. Most modern businesses want to work with a set of applications that don’t require them to have their own storage, backups, and server rooms on site.

As a SaaS provider, you need to store plenty of sensitive data for both information and customer related as well. In this complex world that seems to see new cyber attacks and data breaches every week, all SaaS apps and businesses must take measures to keep their internal as well as customer data safe and secure.

As security technologies are changing fast and hackers inventing new ideas, how can SaaS companies keep up?

SaaS is literally taking over the cloud computing market. So, it is no surprise to find that the global public cloud service market is projected to grow to more than $200 billion in 2019, up from $175.8 billion in 2018, according to Gartner.

For medium-size organizations, SaaS is primarily a hassle-free and cost-effective alternative that offers new possibilities, flexible costs, as well as easy maintenance and deployment.

In case, if you have been running with a limited budget there are still many free and open-source tools are available to execute your security strategy. Now before we get into the best practices for securing SaaS application, let’s discuss the security challenges.

Security Challenges for SaaS:

Today, enterprises are focusing on data and business processes like records, pricing information, transactions, etc. If your SaaS provider is leveraging a public cloud computing service, all the data is possibly being stored with other SaaS applications.

So here’s the list of 9 common SaaS security challenges;

·         Data access risk

·         Instability

·         Lack of transparency

·         Identity theft

·         Uncertainty of your data location

·         Paying upfront and long-term

·         Not sure what you agreed to

·         How your data is actually secured

·         No direct control over your own data

Study says, “By 2021, 27% of corporate data traffic will bypass perimeter security, up from 10% today.”

Data stored in SaaS application needs careful analysis of the security controls and processes in each platform for efficient protection. However, as the huge number of SaaS apps are being used, SaaS App Security is what needed the most.

Main Article Source: How to Minimize the Cloud Security Risks for SaaS Application – Andolasoft Blog