Hi Leif,
By all predictions, 2015 will be a banner year for visual search technology and mobile commerce. Each month, Slyce will be providing you with an industry status report focused on tech, commerce, user experience, and company adoptions. We will share recent and reputable news articles to introduce you to cutting-edge technology deployments, keep you informed on financial trends and predictions, and explore the world of mobile shopping, focusing on user experience. By sharing this information and remaining current, you can count on Slyce to continue to be the market leader in visual search and image recognition technology.
Image Recognition Market Worth $25.65 Billion by 2018
01/09/2015
Creating user awareness and improving tech quality will remain a focus for the Image Recognition industry. The payoff to companies adopting this emerging technology will be massive: the Image Recognition market is estimated to grow at a Compound Annual Growth Rate of 21.6% from 2014 to 2019, reaching over $25 billion by 2018.
Gartner Sees U.S. Mobile Commerce Revenue Doubling to 50% of Digital E-Commerce Revenues in FY15
01/29/2015
Mobile commerce is on the rise. With it, the doors are opening for a new wave of retail competition focusing on customer experience. Retailers are facing challenges migrating to mobile payments, but the end result remains- nearly 75% of companies expect to increase technology spending on customer experience this year. By 2017, Gartner predicts that mobile commerce revenue will represent 50% of all digital commerce revenue in the United States.
Shopping Apps Are Now the Fastest Growing Thing in Mobile
01/06/2015
2014 was a great year for shopping apps; sessions increased 174% year over year to become the fastest growing sector of mobile apps. Popular categories like Messaging and Games underperformed, coming in third and last respectively. Mobile shopping usage spikes at three distinct times of day: morning around 9 am, 12 pm, and after work around 8 pm. With these numbers, it appears 2015 will be a massive year for mobile shopping!
Slyce - Between the Code Newsletter
Toronto-Based Slyce Acquires U.S. Coupon Start-Up In 6.5-Million Deal
01/29/2015
As January came to an end, Slyce announced a major acquisition that marked their entrance into the mobile couponing space. Slyce’s purchase of SnipSnap, a Philadelphia-based startup, provides access to 4 million users, and 50 major partnership agreements with retailers like Toys R Us, Lord & Taylor, and Bed, Bath and Beyond. SnipSnap will continue to be based in Philadelphia, and will run as a subsidiary of Slyce.
Is Visual Search The Next Big Thing In Mobile Commerce?
12/03/2014
Slyce’s own Mark Elfenbein thoughtfully examines mobile commerce from a current and future perspective in this piece for Internet Retailer. He likens the current shift to mobile shopping to the shift two decades ago to search engines; a personal experience became a profitable business. As retailers scramble to overhaul their digital and omni-channel strategies to keep up, early adopters will see early rewards and increased engagement. Elfenbein rightly recognizes that humans are visual creatures. As technology advances, a shift from textual searches to less time-consuming methods appears to be an emerging trend: in 5 years, it is predicted that 50% of all searches will be voice or visually based.
Will One Of These 5 Companies Be The Next Uber?
12/23/2014
In December 2014, Uber closed a $1.2B funding round at a $40B valuation. It’s no wonder that venture capitalists are scrambling to identify the “Next Uber” to invest in so-called “disruptive” technologies. Forbes recognizes Slyce as one such example, calling it “The Uber of Retail” and asserting that Slyce is on the cusp of completely transforming the world of online retail.
Please watch for our next newsletter, in the first week of April! We'll be featuring more exciting developments and trends within the realm of visual search and mobile commerce.
Best regards,
Roy Roman.
§Slyce
ROY ROMAN, CAPITAL MARKETS
P. +1 (647) 464-6200
ROY@SLYCE.IT