.webp)
In bustling world of e-commerce, Havas Media Network India, a well-known media division of Havas India, recently unfurled a whitepaper titled "Shaping Consumer Experiences: How India Buys & How Tech is Shaping E-Commerce Adoption & Experience." This treasure trove of information dives deep into e-commerce scenario in India, casting spotlight on dance between technology and consumer habits, and resulting crescendo in business expansion.
E-commerce Growth in India
Digital commerce sector in India isn't just growing; it's booming. With projections painting rosy picture of a $2 trillion market in foreseeable future, one can't help but wonder, what's driving this change? To quench this curiosity, Havas Media Network India embarked on research odyssey, joining hands with YouGov and NFX. This expedition spanned ten pivotal markets, focusing its lens on whims and fancies of online shopping aficionados and tech enthusiasts aged between 18 and 45.
Key Insights from the Whitepaper
The city divide: Tier-Based Shopping Patterns: It's not just about shopping; it's about where you shop. Research peeled back layers of shopping tendencies across India's diverse city tiers. While bright lights of metropolitan regions beckon with promises of convenience and smorgasbord of choices, heartbeats of smaller towns march to drums of cost-effectiveness and value. It's a dance of contrasts, and brands need to tune into this rhythm to strike right chord.
The social wave: Rise of Social Commerce: If you thought social media was just for selfies, think again. Platforms like Instagram and Facebook now new-age marketplaces. Peer-generated content and influencer magic not just steering but turbocharging shopping choices. For brands, this isn't just trend; it's goldmine waiting to be tapped.
The new kids on block: Elevated Role of Direct-to-Consumer Brands (D2C): D2C brands new poster children of e-commerce. With their heartwarming stories and tailor-made products, they're not just making sales; they're making fans. And for old guards of industry? It's time to join party and dance to D2C tunes.
The game-changers: Technological Empowerment & Convenience: Remember when shopping meant hopping from one shop to another? Well, technology turned that on its head. With tools like chatbots, voice assistants, and augmented reality (AR) in their arsenal, brands not just selling products; they're selling experiences. And in this new age, experiences new currency.
Expert Opinions
Every revolution needs its leaders, and in e-commerce revolution, Mohit Joshi and Sanchita Roy holding torches high. While Mohit sings praises of technology's transformative prowess, Sanchita delves deep into nuances of consumer behavior. Their message? Adapt, align, and ascend.
Conclusion
All this wisdom wasn't whispered in closed rooms. Whitepaper made grand entrance at 12th iteration of TiE Delhi-NCR’s Internet Day 2023, congregation of tech wizards and business maestros.
FAQs
What's crux of Havas Whitepaper?
At its heart, whitepaper deep dive into e-commerce landscape in India, with keen eye on tango between technology and consumer behavior.
Is social media just about likes and shares?
Far from it! Platforms like Instagram and Facebook now new bazaars, influencing and driving shopping decisions.
Why D2C brands talk of town?
D2C brands weaving stories and crafting products that resonate with heart, making them darlings of e-commerce world.
How technology changing shopping game?
With innovations like chatbots and AR, shopping no longer transaction; it's experience.