Ecommerce has become an integral aspect of the technology industry, driving innovation and strategic growth. Companies are increasingly focusing on developing and securing patents to stay competitive in this dynamic market. This strategic focus is mirrored in hiring trends, with a significant emphasis on roles that support ecommerce initiatives. The US stands at the forefront of ecommerce adoption, leading in patents, job creation, and strategic deals, while other countries like India, South Korea, the UK, and China also play crucial roles in advancing ecommerce within the technology sector. The impact of ecommerce extends beyond the technology sector, influencing various industries. GlobalData’s ecommerce market report provides comprehensive analysis of the ecommerce market. Buy the report here.
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This article presents a quarterly round-up of the latest trends in the technology industry regarding ecommerce. It provides an overview of recent developments in ecommerce-related deals, talent acquisition, and patent filings within the technology industry.
The industry experienced a 27% decline in the number of ecommerce-related patent applications in Q1 2024 compared with the previous quarter. On an annual basis, the number of ecommerce-related patent applications in the technology industry witnessed a drop of 9% compared with Q1 2023.
Strategic deal trends in ecommerce in technology industry
Technology companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in ecommerce. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of ecommerce in the technology industry.
In Q1 2024, the number of ecommerce-related deals in the technology industry declined by 6% compared with Q1 2023. On a quarterly basis, there was 2% increase in the number of deals in Q1 2024 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q1 2024, the technology industry experienced a 20% growth compared with the previous quarter. On an annual basis, job postings also declined by 4%. Notably, Computer and Mathematical Occupations, with a share of 22%, emerged as the top ecommerce-related job roles within the technology industry in Q1 2024, with new job postings drop by 2% quarter-on-quarter. Management Occupations came in second with a share of 19% in Q1 2024, with new job postings rising by 2% over the previous quarter. The other prominent ecommerce roles include Sales and Related Occupations with a 7% share in Q1 2024, and Business and Financial Operations Occupations with a 6% share of new job postings.
TaskUs, NCR Voyix, Block, Oracle, and Accenture are among the top companies leading in ecommerce hiring within the technology industry.
Countries driving adoption of ecommerce in technology industry
The US is the leading country in ecommerce adoption within the technology industry, boasting the highest number of ecommerce-related patents, jobs, and deals. Meanwhile, India, South Korea, the UK and China also maintain significant positions in ecommerce adoption within the technology industry.
Ecommerce continues to be a vital driver of innovation and strategic growth in the technology industry, shaping market dynamics and job trends. With leading countries spearheading advancements, the sector remains poised for further evolution and expansion.
To further understand GlobalData's analysis on ecommerce in the technology industry, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData patent analytics tracks patent filings and grants across companies and themes. Proprietary databases on deals and job analytics are used to respectively monitor global deal activity and uncover insights from daily job postings to identify trends, company activities, and industry dynamics across different sectors globally.
