Japan leads in the hyper-connected era, simplifying life for 70% of its consumers, according to Circana

December 12, 2024 11:01 AM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Circana 'Connected Consumer' report reveals how brands can ignite growth with social e-commerce

TOKYO, Dec. 12, 2024 /PRNewswire/ -- Brands today have a unique opportunity to drive unprecedented growth by embracing the power of 'social e-commerce', according to Circana's latest outlook report, 'The Connected Consumer'.

As a global leader in market research and technology, Circana is dedicated to simplifying the complexities of consumer behaviour for businesses across a range of diverse industries.

YouTube, Instagram, and TikTok are changing the way Japanese consumers shop by turning social platforms into seamless storefronts. With in-platform e-commerce links, these platforms accelerate the journey from discovery to purchase, allowing users to checkout instantly. By bringing the store experience directly into online spaces, brands can spark spontaneous shopping moments, even when consumers aren't actively looking to buy.

Circana's report sheds light on how this trend is reshaping the future of retail and empowering brands to stay ahead in an increasingly competitive market. With one-third of global consumers tethered to a device almost 24/7, brands have an opportunity to leverage social currency by building authentic communities and experiences both with their owned and user-generated content.

Technology at the heart of Japanese culture

Globally, 80% of people own at least one connected device, and 37% plan to buy more in the next year. Japan, one of the most connected countries, has long embraced digital innovations, from QR codes to anime-inspired 'kaomoji', making technology an integral part of its culture. 

In Japan, 70% of consumers say connected technologies make life easier, and 67% believe their lives will become even more connected. Innovations like voice recognition and augmented reality (AR) are reshaping shopping experiences.

Ai Nishioka, Business Unit Director, Retail Collaboration, Circana, said:"Connectivity shapes our daily lives, and since the pandemic, our reliance on connected devices has skyrocketed. From e-commerce to digital communities, these technologies now influence how we shop, learn, and stay entertained around the clock. As connectivity accelerates, Japan's leadership in adopting and adapting these tools highlights a future where technology seamlessly enhances daily life.

Simplifying consumer complexity worldwide

Established in 2023 from the merger of Information Resources, Inc.(IRI) and The NPD Group, Circana combines deep expertise and advanced technology to offer clients unparalleled insights that drive growth.

In Japan, Circana specialises in helping businesses across sectors like Foodservice and Sports navigate market challenges with precision. Leveraging cutting-edge analytics and an expansive view of consumer trends, Circana provides actionable solutions that boost demand and uncover new opportunities. Globally, Circana's expertise extends to industries such as technology and consumer packaged goods (CPG), with services tailored to meet regional market dynamics.

Central to Circana's innovation is 'Liquid Data', a proprietary platform that integrates sales, customer, media, and other datasets into a unified environment. This technology delivers rapid, data-driven insights to businesses, empowering them to make informed decisions on pricing, marketing, supply chain management, and more. Liquid Data is trusted by over 500 leading manufacturers and retailers worldwide to optimise performance and adapt to evolving consumer needs.

Nishioka added:"With a forward-thinking approach to artificial intelligence and a commitment to solving real-world business challenges, Circana equips companies to thrive in a competitive, data-driven marketplace. From personalised targeting to streamlining supply chains, Circana transforms complex datasets into strategic advantage, helping clients stay ahead in an ever-changing consumer landscape."

Access the full Connected Consumer Report 2024 here.

About Circana

Circana is a leading advisor on the complexity of consumer behaviour. Through superior technology, advanced analytics, cross-industry data, and deep expertise, we provide clarity that helps almost 7,000 of the world's leading brands and retailers take action and unlock business growth. We understand more about the complete consumer, the complete store, and the complete wallet so our clients can go beyond the data to apply insights, ignite innovation, meet consumer demand, and outpace the competition.

Learn more at www.circana.com


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Two ASX Listed Stocks Giving Bullish Indications

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.