News Feed Item
Expansion into the Asian e-Commerce Market Challenging Despite High Growth Expectations: NTT Communications Survey
|By Business Wire
|July 14, 2014 03:02 AM EDT
While over 80 percent of global online merchants plan on expanding their
e-Commerce businesses in Asia over the next 12 months, almost all
respondents (99 percent) say they face obstacles in gaining a firm
foothold in the market, and in particular China, according to research
The survey, Breaking into the e-Commerce Market in Asia:
Opportunities and Challenges, interviewed 200 United Kingdom and
United States based decision-makers from the retail, gaming, travel and
hospitality industries to evaluate the business potential of Asia’s
e-Commerce market, the challenges merchants face, and the role that
payment solution providers should play in helping merchants overcome
Two-thirds of respondents forecast the volume of their companies’
e-Commerce transactions in Asia and China to increase by 10 and 50
percent in the next three years, reflecting the promising business
potential of the market. However, the study also reveals a number of
local challenges that merchants need to overcome to successfully grow in
Other key findings include:
Over 80 percent of respondents consider global e-Commerce crucial to
the success of their businesses.
Greater China is a high-potential market for e-Commerce. Mainland
China (79 percent), Hong Kong (66 percent) and Taiwan (57 percent) top
the list as the three most popular Asian destinations for e-Commerce
expansion in the next 12 months.
Challenges most respondents face when delivering e-Commerce in Asia1
include local tax regulations and compliance (50 percent), local
market needs (46 percent), language barriers (44 percent), shipping
difficulties and cost (42 percent), local preferred payment types (37
percent) and cross-border currency settlement (37 percent).
Acquirer connections (45 percent) topped the list of key success
factors for delivering e-Commerce in Asia and China. This is followed
by risk and fraud management (43 percent), global acquirer connections
(35 percent), acquirer connections in Asia (30 percent) and
alternative payment methods (30 percent).
Payment solution providers integral in helping merchants adapt to
unique Asian e-Commerce landscape
Tyrone Lynch, Vice President, eBusiness of NTT Com Asia said, “Asia
holds a lot of potential for global e-Commerce merchants and yet their
success is being hindered by a lack of local knowledge necessary in
overcoming operational challenges, such as currency restrictions, tax
regulations, licensing requirements and local payment methods. A payment
solution provider with strong local acquiring capabilities is needed to
help them navigate the complex and dynamic e-Commerce market of Asia.”
Lynch continues, “China, in particular, is in a unique situation where
conventional and mainstream payment methods used internationally are not
prevalent. Understanding the unique payment landscape in China, while
providing consumers with the ability to pay in their preferred local
methods is critical for success in this vast and fast-growing market.
To this end, NTT Communications has introduced its e-Commerce payment
solutions aimed at helping e-Commerce companies expand their online
presence and mitigate local market challenges.”
To download the report Breaking into the e-Commerce Market in Asia:
Opportunities and Challenges visit www.nttcominsight.com
1 Excludes mainland China
NTT Communications commissioned market research firm Vanson Bourne, to
conduct research on 200 decision-makers from companies with e-Commerce
business within the retail, gaming and travel / hospitality sectors in
the United Kingdom and United States of America. To qualify for the
research, respondents’ companies must have an annual revenue of US$12
million or more from their e-Commerce operations and have engaged in
e-Commerce with Asia and / or China.
About NTT Communications
NTT Communications provides consultancy, architecture, security and
cloud services to optimise the information and communications technology
(ICT) environments of enterprises. These offerings are backed by the
company’s worldwide infrastructure, including leading global tier-1 IP
network, Arcstar Universal One™ VPN network reaching 196
countries/regions, and over 150 secure data centers NTT Communications’
solutions leverage the global resources of NTT Group companies including
Dimension Data, NTT DOCOMO and NTT DATA.
About NTT Com Asia
NTT Com Asia is NTT Communications’ East Asia headquarters covering Hong
Kong, Macao, Taiwan and Korea. The company provides enterprise-class
network, data centre, cloud, hosting, e-Commerce solutions, and managed
services, and operates its’ wholly owned subsidiary HKNet in Hong Kong.
Please visit www.ntt.com.hk
for further information.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140714005392/en/
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
Sep. 30, 2016 10:45 PM EDT Reads: 481
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service.
Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
Sep. 30, 2016 10:45 PM EDT Reads: 1,533
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels.
With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Sep. 30, 2016 10:00 PM EDT Reads: 1,255
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively.
What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Sep. 30, 2016 09:45 PM EDT Reads: 2,842
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Sep. 30, 2016 09:30 PM EDT Reads: 4,117
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Sep. 30, 2016 09:30 PM EDT Reads: 5,427
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA.
This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Sep. 30, 2016 09:00 PM EDT Reads: 2,828
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives.
Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Sep. 30, 2016 09:00 PM EDT Reads: 4,047
Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of companies worldwide-from publishers and broadcasters, to enterprises, marketing agencies and household-name brands. Building on its established design leadership, Adobe enables customers not o...
Sep. 30, 2016 08:45 PM EDT Reads: 486
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Sep. 30, 2016 08:30 PM EDT Reads: 472
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments.
In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera M...
Sep. 30, 2016 08:30 PM EDT Reads: 3,197
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises.
The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
Sep. 30, 2016 08:15 PM EDT Reads: 747
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud.
In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
Sep. 30, 2016 08:00 PM EDT Reads: 1,563
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Sep. 30, 2016 07:30 PM EDT Reads: 566
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Sep. 30, 2016 07:15 PM EDT Reads: 482