Amazon’s market value has surpassed Alibaba by 255% as the world’s largest consumer internet and online services company
Amazon has been a mother name for more than two decades. At that time, the company will dominate the consumer internet and online service markets. Today, the largest market in this place is for the firm, to some extent, about its first tower achievement.
Comparing Amazon market cap with its closest challenges helps keep their dominance from perspective. the Seattle-based firm has market capital of Q2 2022 at the end of $ 1.08T. This is 255% higher than the $ 304M assessment of the closest competitor, Alibaba.
Mary concludes that the potential for a strong growth of Amazon makes this a remarkable opportunity for investment. It is estimated that its dominance will help grow rapidly in the coming years.
Why Amazon so successful?
There are many reasons why Amazon is very successful – constantly innovating new products and services from providing better customer service. But one important reason is that they mastered their supply chain management.
They can get products quickly and efficiently from manufacturers – which reduce costs and allow them to offer competitive prices. Since they are selling directly to users, they can take a small dividend on each sale, making more money than traditional retailers.
Beyond prices
But this is not just the price – Amazon has created a big loyal customer base for years. This powerful brand has helped attract more customers and partners.
For example, many vendors on Amazon make full easy use of the Amazon program because it can sell more products and reach more customers.
In addition, this dominance is due to Amazon huge offer, including e-commerce, cloud computing, digital content and artificial intelligence. Amazon is able to expand into new markets and continuously increase market share.
Amazon Cloud Computing Platform, Amazon Web Services AWS is the world’s largest cloud service provider. In 2021, Amazon’s operating profit is AWS 74.
AR adoption of e-commerce is increasing
Augmented Reality AR Today is the most exciting and fast-growing technology in the world. AR revolutionized various fields, including gaming, marketing and education. The e-commerce industry seems to be close to experiencing its benefits.
E-commerce veterans suspect investment in AAR, while Amazon , Walmart and Alibaba are showing the way. These companies are betting that the platform will play an important role in the retail future as VR and AR technology develop.
Amazon “Virtual Tri-On” feature, for example, allows shopkeepers in the US and Canada to try in shoes before shopping.
Walmart invested in AR with its “snap, scan and shop” device. Furthermore, users who have used its iOS have an AR tool that allows them to paint different furniture and home decoration products in their rooms.
Meanwhile, Alibaba is a major investor in China’s booming AR industry, where more than $ 1B has been pumped into AR startups.
A-Commerce Giants interested in augmented reality?
There are some reasons. First, AR will help businesses create deeper and more attractive shopping experiences. This can increase sales and loyalty from customers. In addition, vendors can use AR to improve product visualization.
This is very important for online shopkeepers who do not benefit from looking for products in person before shopping. AR will help reduce those gaps by allowing customers to view products from all angles in a realistic setting.
When AR offers retailers exciting opportunities, they need to solve some of its challenges. One of the main challenges is to ensure that the user experience is positive and not frustrating or confusing. Another challenge is to ensure that technology works well on different devices and platforms.