Social media is becoming a significant driver of product discovery among young consumers, and older shoppers are embracing advanced tools such as live help and recommendations
ATG (Art Technology Group, Inc.), the premier provider of cross-channel commerce solutions, recently released a new report titled "Consumer Shopping Experiences, Preferences, and Behaviors," which describes how different groups of consumers research and purchase products and services across different channels - including websites, stores, contact centers, mobile, and social channels - and how they assess these experiences.
While merchants continue to debate the return on social commerce investments, ATG's survey indicated this is an area they may be ignoring at their peril, as 29% of respondents aged 18-34 said they have discovered a product or service through a social network and 37% of those same consumers said it was "important" or "very important" that merchants provide an opportunity to interact through social networks.
In a somewhat surprising turn, the survey revealed that older demographics are also demanding advanced shopping capabilities. While consumers over age 55 are less likely to leverage social media or use their mobile devices for commerce activities, ATG's study shows they have come to rely on more advanced on-site shopping tools like live help and recommendations.
The use of mobile devices in shopping continues to rise significantly in the 18-to-34 year old demographic, with approximately 41% of respondents saying they use mobile devices to browse or research products or services, up from 23% reported in another ATG consumer research study released earlier this year. This finding indicates that mobile commerce is growing extremely rapidly over the course of weeks and months, not years, and that customers are quickly coming to expect a mobile commerce experience as consistent and satisfying as what they find on the web.
"This research shows a rapid pace of technology adoption and complex consumer behaviors now driving and shaping the future of cross-channel commerce," said Nina McIntyre, ATG's senior vice president of marketing and chief marketing officer. "This survey reveals significant opportunities for those merchants willing to understand the role that every channel plays in targeted customer experiences. It's critical that merchants have the right commerce solutions to choreograph personalized interactions, satisfying the needs of unique customer segments."
Additional highlights of the consumer benchmark survey:
Ryan Hoppe, director of product marketing for ATG Optimization, will present key findings from the report today at Forrester's Consumer Forum 2010 in Chicago, IL.
This online study polled 1,002 respondents aged 18 and older, and was deployed by MarketTools, an independent online market research firm, in July 2010. To access the full report, visit ATG's website.
ATG provides the most advanced cross-channel commerce software and services to fuel the growth of the world's best brands. Offering the industry's leading commerce solution, ATG works in partnership with clients to drive sales via a personalized customer experience - unifying and optimizing interactions across the Web, contact center, mobile devices, social media, physical stores, and other key channels. Exclusively focused on online and cross-channel commerce, ATG is uniquely capable of powering the most innovative and successful commerce experiences, with results that outperform industry norms. ATG Commerce is the commerce platform and business user application solution top-rated by industry analysts for powering results-driven, personalized, and innovative e-commerce sites. ATG's platform-neutral optimization solutions for live help, lead performance, and product recommendations can be easily added to any website to quickly and measurably grow revenue, boost loyalty, and unlock profits and insight. ATG is headquartered in Cambridge, Massachusetts, with additional locations throughout North America and Europe. For more information, visit http://www.atg.com.
SOURCE: Art Technology Group, Inc.