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The Impact Of Technology On Consumers Lives

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The Impact Of Technology On Consumers Lives

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It’s obvious nowadays that digital technology, smartphones, and social media have become a vital part of our daily life. More people spending more time doing more things online than ever before which has led to the domination of the digital world in of our lives with the number of people using the internet growing to 4.54 billion in 2020

It’s obvious nowadays that digital technology, smartphones, and social media have become a vital part of our daily life. More people spending more time doing more things online than ever before which has led to the domination of the digital world in of our lives with the number of people using the internet growing to 4.54 billion in 2020

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The Impact Of Technology On Consumers Lives

  1. 1. THE IMPACT OF TECHNOLOGY ON CONSUMERS LIVES
  2. 2. INTRODUCTION 4.54 B INTERNET USERS WORLDWIDE 59 % OF THE TOTAL WORLD POPULATION USES INTERNETS
  3. 3. ACCESS TO THE INTERNET 2015 2.831 M 2016 3.153 M 2017 3.570 M 2018 3.753 M 2019 4.241 M 2020 4.538 M
  4. 4. EVOLUTION OF INTERNET SPEED OVER TIME (IN MBPS) 3.61 4.08 10.51 8.03 5.56 4.35 3.87 11.86 15.33 18.75 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
  5. 5. DAILY TIME SPENT USING THE INTERNET I SPENT ON INTERNET 2H 24M SPENT ON SOCIAL MEDIA 6H 43M 3H 18M SPENT ON TV
  6. 6. EVOLUTION OF DAILY TIME SPENT ONLINE OVER TIME 2014 6H 22M 2015 6H 18M 2016 6H 28M 2017 6H 44M 2018 6H 46M 2019 6H 43M
  7. 7. DIGITAL DEVICES USED BY AUDIENCES OTHER DEVICES DESKTOPS & LAPTOPSMOBILE PHONES TABLETS 53.3% 44.0% 2.7% 0.07%
  8. 8. HOW CUSTOMERS SEARCH FOR INFORMATION PHONE IN-PERSON WEBSITE EMAIL SOCIAL MEDIA MOBILE APPS CHATS 38% 23% 72% 45% 48% 48% 28% 23% 19% 71% 37% 30% 28% 15% 18-34 35-54
  9. 9. DIGITAL BUYERS WORLDWIDE OVER TIME (IN BILLIONS) 1.32 1.46 2.05 1.92 1.79 1.86 1.52 2014 2015 2016 2017 2018 2019 2020
  10. 10. WHAT CUSTOMERS BUY ONLINE MALE FEMALE TRAVEL 37% 35% HOUSEHOLD GOODS 32% 30% EVENT TICKETS 27% 26% FILMS & MUSIC 22% 16% TECHNOLOGIES 39% 18% GROCERIES 14% 18% CLOTHES 40% 46% ELEARNING MATERIAL 23% 25%
  11. 11. ONLINE VIDEO CONSUMPTION OF CONSUMER INTERNET TRAFFIC COMES FROM VIDEOS OF ALL ONLINE ACTIVITY IS SPENT WATCHING VIDEOS VIDEOS ARE VIEWED ON FACEBOOK EVERY DAY OF VIDEO IS UPLOADED TO YOUTUBE EVERY MINUTE 80% 500 hrs8 bn 1/3
  12. 12. AVERAGE DAILY TIME SPENT ON VIDEOS BY ADULTS IN U.S 61.23 70.13 86.35 81.84 76.64 2015 2016 2017 2018 2019
  13. 13. DEVICES USED FOR WATCHING VIDEOS IN U.S MOBILE TVTABLETCOMPUTER 62% 26%36%55%
  14. 14. CUSTOMER TRENDS RESEARCHED A PRODUCT ON A MOBILE DEVICE MADE A PURCHASE WITH A RETAILER USING A MOBILE DEVICE 22% 29% 29% 12% 16% 18% 2013 2014 2015 2013 2014 2015
  15. 15. GROWTH OF GLOBAL ONLINE APP USERS BETWEEN 2015-2019 MESSAGING 100% TV 94% TRAVEL 90% SHOPPING 85% MAPS 85% FOOD 58% GAMBLING 60% MUSIC 43% BANKING 36% 42% 16% 20% 34% 34% 19% 5% 53% 25% 84% 31% 38% 63% 63% 30% 8% 37% 34%
  16. 16. SUMMARY ● 59% of the total population has now access to the internet ● The average internet user in 2020, spends 6H & 43M online daily ● The king device that people use to go online is the smartphone followed by computers ● Regardless their age, the majority of people research for information across multiple online and offline channels before purchasing a product.
  17. 17. SUMMARY ● In 2020, there are 2.05 billion buyers that purchase online ● Usually males are more consistent online buyers of products related to travel, household items, tickets, films, and technology, when females purchases online more groceries, clothes, sports goods, books and magazines. ● 80% of consumer internet traffic comes from video consumption. ● People tend to do product research on a mobile device before purchasing. ● Since 2015, use of travel apps has increased by 90%.
  18. 18. Reference List Datareportal, 2020 - Accessed 30 Jan 2020. Available at: https://datareportal.com/reports/digital-2020-global-digital-overview Statista, 2020 - Accessed 7 Jan 2020. Available at: https://www.statista.com/statistics/273018/number-of-internet-users-worldwide/ Statista, 2020 - Accessed 27 Feb 2020. Available at: https://www.statista.com/statistics/616210/average-internet-connection-speed-in-the-us/ BusinessInsider, 2019 - Accessed 5 Nov 2019. Available at: https://www.businessinsider.com/internet-speeds-have-gotten-dramatically-faster-over-past-decade-2019- 11?r=US&IR=T Digital Marketing Community, 2018 - Available at: https://www.digitalmarketingcommunity.com/indicators/used-devicesmillennial-internet-users-2018/
  19. 19. Reference List Smartinsights, 2017 - Accessed 08 Sep 2017. Available at: https://www.smartinsights.com/online-brand-strategy/multichannel-strategies/channels-consumers-use- researching-products-buying-online/ Statista, 2019 - Accessed 23 Jul 2019. Available at: https://www.statista.com/statistics/251666/number-of-digital-buyers-worldwide/ Belvg, 2019 - Accessed 11 Mar 2019. Available at: https://belvg.com/blog/men-vs-women-who-runs-the-online-shopping-world.html Raconteur, 2016 - Available at: https://res.cloudinary.com/yumyoshojin/image/upload/v1/pdf/digital-optimisation.pdf Millenialstudios, 2020 - 20 JAN 2020. Available at: https://millennialstudios.co.uk/blog/online-video-consumption-statistics/
  20. 20. Reference List EY, 2015 - Available at: https://www.ey.com/Publication/vwLUAssets/ey-the-impact-of-digital-technology-on-consumer-purchase- behavior/$FILE/ey-the-impact-of-digital-technology-on-consumer-purchase-behavior.pdf Global Web Index, 2019 - Available at: https://www.globalwebindex.com/reports/trends- 2020?utm_campaign=Reports&utm_source=ppc&utm_medium=google&utm_term=google-search-trends- 2020&utm_content=google-search-trends- 2020&utm_source=ppc&utm_medium=ppc&utm_term=global%20marketing%20trends&utm_campaign=GWI+ -+UK+-+EN+-+Trends+2018+-+Marketing+Trends+- +BMM&hsa_cam=8257024789&hsa_mt=b&hsa_ver=3&hsa_src=g&hsa_ad=399748744034&hsa_net=adwor ds&hsa_tgt=kwd- 11217966&hsa_acc=9903771596&hsa_grp=83292483337&hsa_kw=global%20marketing%20trends&gclid=Cj wKCAjwh472BRAGEiwAvHVfGjST4tFquz4t03m- KPVPmYVLSbupNx7N6tWeHY4I7IMtuldcyPuDYBoCb0EQAvD_BwE

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