From the Wires
Adobe Predicts Online Sales Will Reach $2 Billion This Cyber Monday, Growing by 18 Percent Over 2011
By: Business Wire
Nov. 19, 2012 12:01 AM
Adobe Systems Incorporated (Nasdaq:ADBE) today released its Adobe® Digital Index 2012 Online Shopping Forecast focused on the 2012 holiday shopping season in the U.S. and Europe. The Digital Index analyzed more than 150 billion website visits to more than 500 Adobe retail customers over the past six years in order to forecast sales growth figures and online shopping spikes for the upcoming season. Using predictive analytics technology, the Adobe Marketing Cloud can sift through massive amounts of historical data from the Web’s top retailers to identify patterns and algorithmically predict future results.
Adobe expects Cyber Monday 2012 online revenue for the retail sector to reach $2 billion, growing by 18 percent year-over-year. The company’s data analysis also predicts strong purchasing activity from mobile devices, with mobile representing 21 percent of total online sales this holiday, an increase of 110 percent over last year. Adobe’s online shopping predictions and actual results will also be available on an ongoing basis via a new interactive website that will continuously monitor and update online purchasing data as-it-happens throughout the season. The Adobe Digital Index 2012 Online Shopping Forecast infographic and interactive website can be accessed at http://adobe.com/go/onlineshopping.
Key Digital Index Predictive Analyses for the 2012 Holiday Shopping Season
Biggest Online Shopping Days
Increase in Mobile Sales
Social Media Influences More Purchasing
Holiday Shopping in Europe
Additional Shopping Insights
Interactive Holiday Data Website
Adobe also introduced an interactive website driven by Adobe CQ technology that will be accessible at http://adobe.com/go/onlineshopping throughout the holiday season, allowing visitors to compare the accuracy of Adobe’s online shopping predictive analyses over time as well as uncover new shopping patterns and trends on their own as they emerge. Visitors will be able to compare various retail metrics such as “conversion,” “online sales,” “average price,” “visits” and more by distinct retail segments and product categories within the U.S. and Europe for any specific date throughout November and December 2012. Adobe will update the data daily so that visitors can always come back to find new information.
Brad Rencher, senior vice president, Digital Marketing Business, Adobe
Adobe Digital Index Holiday Forecast Methodology
The Adobe Digital Index 2012 Online Shopping Forecast infographic and interactive website can be accessed here. The algorithms used to create the predictive analysis are based on more than 150 billion online visits to over 500 retail websites in the U.S. and Europe over the past six years. The margin of error is two percent with a 90 percent confidence level and the forecast’s methodology and degree of accuracy has been evaluated and verified by b3Intelligence, an independent analytics and research service provider.
About Adobe Digital Index
Adobe Digital Index publishes research on digital marketing and other topics of interest to senior marketing and e-commerce executives across industries. Research is based on the analysis of select, anonymous and aggregated data from over 5,000 companies worldwide that use Adobe Marketing Cloud to obtain actionable data and analysis of activity on their websites.
About Adobe Systems Incorporated
Adobe is changing the world through digital experiences. For more information, visit www.adobe.com.
© 2012 Adobe Systems Incorporated. All rights reserved. Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners.
SOA World Latest Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
SYS-CON Featured Whitepapers
Most Read This Week