With the evolution of Technology, the mainstream marketplace is shifting on to the digital sphere. To thrive in the increasing competition, organizations need to adapt and innovate.
What is the market size of eCommerce in India?
The Indian e-commerce industry has been on an upward growth trajectory. India’s e-commerce market has the potential to grow more than four folds to US$ 150 billion by 2022 supported by rising incomes and surge in internet users. Much growth of the industry has been triggered by increasing internet and smartphone penetration E-commerce and consumer internet companies in India received more than US$ 7 billion in private equity and venture capital in 2018. A young demographic profile, rising internet penetration, and relative better economic performance are the key drivers of this sector.
Since 2014, the Government of India has announced various initiatives namely, Digital India, Make in India, Start-up India, Skill India, and Innovation Fund. The Government of India’s policies and regulatory frameworks such as 100 percent foreign direct investment (FDI) in B2B e-commerce and 100 percent FDI under automatic route under the market place model of B2C e-commerce are expected to further propel growth in the sectors.
In order to increase the participation of foreign players in the e-commerce field, the Indian Government hiked the limit of foreign direct investment (FDI) in the E-commerce marketplace model for up to 100 percent. In February 2019, the Government of India released the Draft National e-Commerce Policy, which encourages FDI in the marketplace model of e-commerce. Further, it states that the FDI policy for the e-commerce sector has been developed to ensure a level playing field for all participants.
The heavy investment of the Government of India in rolling out the fiber network for 5G will help boost e-commerce in India.
What are the technologies that you are adapting to?
Esta historia es de la edición June 2019 de Enterprise IT World.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June 2019 de Enterprise IT World.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Larger Datacenters And Better Services
With Managed Services and Public Cloud signaling a paradigm shift in the Datacenter market, Netmagic is building on the company’s strengths, and the NTT connection to spearhead the evolution with a Multi Hybrid Cloud strategy and Public Cloud partnerships to maintain its leadership position in Indian Enterprise segment.
Bringing Elements Of AI To Enterprise Infrastructure
VIKRAM K SENIOR DIRECTOR, DATA CENTER AND HYBRID CLOUD, HPE INDIA“In current environments, IT departments face a mounting pressure to resolve the most complex and unique challenges plaguing the datacenter which account for 80% of the pain IT is facing today.”
Enabling It With Strategic Business Goals
PRIYABRATA SARANGI CIO, EXIDE INDUSTRIES“As a professional, I have always respected business requirements and priorities which demand delving deep into business processes to create better solutions. Technology partners have played a key role through my journey by helping me innovate. In fact, CtrlS has helped me align IT with my company’s strategic business goals.
Just The Time To Move Away From 'Mobility'
VIKAS GUPTA Head IT, Essar India“While current mobility patterns are based on menu-driven, GUI-based tools; Ubiquitous Computing holds the promise of understanding natural human interactions such as presence, movement, or speech.”
Evolving Face Of Insider Threat
LALIT CHACKO GM – IT INFRASTRUCTURE & SECURITY OPERATIONS, IBM INDIA“It’s time the CIOs, CTOs, CISOs take cognizance of the lurking insider threat from a growing workforce which is, complacent, inept, ignorant, averse to change, working in silos and apathetic to the management”
CDOs Vital To Digital Reinvention Of Enterprises: Accenture Report
IT World Roundup
Tech Talk At NYSE: Devops, Design Thinking And Industry 4.0
The New York Stock Exchange recently welcomed some top Global manufacturing and financial CIOs in order to have a through provoking discussion on emerging technologies and comparison of processes across industries. The tech talk threw some great insights for the manufacturing industry on how to move forward with Industry4.0.
India Is Amongst The Fastest Growing And Evolving Cloud Markets In The World
Indian cloud market is growing on a fast track and each vendor has a contribution to this growth. Ravindra Kelkar, Area Vice President, Sales & Services, India Sub-continent, Citrix is speaking about Citrix’s strategy.
Iot Security: Challenges And Solutions!
Going forward IOT security is important as there will be billions of devices connected. The connected devices concept is fantastic but is equally damaging as a malicious bot can crawl up to your core functions and access your core database.
Witnessing The Cloud Revolution
“India’s Booming Cloud Market is set to Be Worth $4.1 Billion By 2020,” Forbes’ validation has strengthened the morale of the Enterprise India. It is no longer just about the potential benefits of Cloud that is the driving force behind the conversion. Rather it is the testimonials of the CIOs who have been navigating the Cloud Market to enhance their business functionality, cost-effectiveness and overall management.
