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According to TechSci Research report, “Global Cloud Security Market By Service Type, By Deployment Mode, By End User, By Region, Competition Forecast and Opportunities, 2011 - 2021,” global cloud security market is projected to cross $10 Billion by 2021, on account of increasing adoption of cloud computing, rising demand for managed security services, increasing smartphone user base and growing number of data breach incidents.
Further, the number of internet users across the globe stood at 3.14 billion in 2015 and this is estimated to reach 3.29 billion by 2016. This has fueled need for virtual storage infrastructure such as cloud. Moreover, in 2015, number of smartphone users across the globe stood at 1.89 billion and is estimated to reach 2.12 billion by 2016.
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Ecbilla - Latest News
British firm what3words is hoping to tap into India’s burgeoning e-commerce industry by providing a service that makes addresses — and thereby delivery systems — much smarter. The West-London-based tech firm that focusses on creating accurate and easily identifiable addresses for the entire world was set up in 2013, and has divided the world into 57 trillion three-metre square chunks, including the oceans.
Each is assigned a three-word address — for example, table chair spoon — that enables users to precisely identify locations. The company, which took part in the recent UK-India Tech summits in New Delhi and Bengaluru, already has a number of partnerships in India.
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Commerce Minister Khurram Dastgir Khan has said that e-commerce in the country is expected to reach $1 billion by 2020. While inaugurating a seminar on "E-commerce for Development" in Geneva, he said, "Our legislature is working hard to update the rules and regulations governing digital trade." The seminar was organised by the government of Pakistan and was attended by a large number of World Trade Organisation (WTO) members and ambassadors.
All heads of agencies appreciated the initiative taken by Pakistan. It was coordinated by Dr Tauqir Shah, Pakistan's ambassador to WTO. The group consists of Costa Rica, Nigeria, Kenya, Sri Lanka, Argentina and Uruguay. Country experience from Sri Lanka, Argentina, Nigeria, Pakistan and ASEAN were presented and debated. Representatives of the World Bank, WTO, trade for all, EBay, Alibaba and Mercado Libre gave presentations on this occasion.
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November sales of smartphone through e-commerce channels have dropped by nearly a fifth month-on-month due to the double whammy of demonetisation sucking up cash from the system and a demand slump after the festive season when most consumer purchases take place.
Amid an overall sales dip, ecommerce majors said that cashless transactions have at least doubled over October, raising their proportion compared to that of cash purchases during the month, as users switched to paying online, cards or through mobile wallets to fight off the cash crunch.
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The Centres move of demonetization will augur well for the m-commerce industry in the country and most of the retail commerce will shift to mobile in the near future, says a report.
“It has been more than two weeks since the move to ban the Rs 500 and Rs 1,000 notes was announced. The demonetization move was exactly the fillip the fledgling m-commerce ecosystem in India was looking for,” according to a CII Grant Thornton report on m-commerce.
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