Akamai Reveals 2 Seconds as the New Threshold of Acceptability for eCommerce Web Page Response Times.Findings indicate 47 percent of consumers expect an eCommerce page to load in two seconds or less; site performance is a key factor in a consumer's loyalty to an eCommerce site CAMBRIDGE, Mass. -- Akamai Technologies Akamai Technologies, Inc. (NASDAQ: AKAM) is a company that provides a distributed computing platform for global Internet content and application delivery, headquartered in Cambridge, Massachusetts. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AKAM AKAM Akamai Technologies, Inc. (stock abbreviation) AKAM Automated Key Access Machine ), the leader in powering video, dynamic transactions and enterprise applications online, today released key findings from a commissioned study (www.akamai.com/2seconds) conducted by Forrester Consulting on behalf of Akamai examining eCommerce web site performance and its correlation with an online shopper's behavior. The most compelling results reveal that two seconds is the new threshold in terms of an average online shopper's expectation for a web page to load and 40 percent of shoppers will wait no more than three seconds before abandoning a retail or travel site. Additional findings indicate that quick page loading is a key factor in a consumer's loyalty to an eCommerce site, especially for high spenders. 79 percent of online shoppers who experience a dissatisfying visit are less likely to buy from the same site again while 27 percent are less likely to buy from the same site's physical store, suggesting that the impact of a bad online experience will reach beyond the web and can result in lost store sales. In 2006, Akamai conducted a similar study (www.akamai.com/4seconds) to understand consumer reaction to a poor online shopping experience. The 2009 study is a follow up to examine how customer expectations around online shopping have evolved in the past three years. Based on the feedback of 1,048 online shoppers that were surveyed, Forrester Consulting concluded the following key findings: * Consumers become impatient im·pa·tient adj. 1. Unable to wait patiently or tolerate delay; restless. 2. Unable to endure irritation or opposition; intolerant: impatient of criticism. 3. when pages take longer than two seconds to load. 47 percent of consumers expect a web page to load in two seconds or less, representing a significant evolution in consumer expectation over the 2006 study, which showed customer expectations at four seconds or less. Forrester found that 40 percent of consumers will wait no more than three seconds for a web page to render before abandoning the site. * Online shopper loyalty is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent quick page loading, especially for high-spending shoppers. 52 percent of online shoppers stated that quick page loading is important to their site loyalty, up 12 percent from the 2006 study. * Shoppers often become distracted dis·tract·ed adj. 1. Having the attention diverted. 2. Suffering conflicting emotions; distraught. dis·tract when made to wait for a page to load. 14 percent will begin shopping at another site, and 23 percent will stop shopping or walk away from their computer. * Retail and travel sites that underperform Underperform An analyst recommendation that means a stock is expected to do slightly worse than the market return. Also known as market underperform, moderate sell, or weak hold. lead to lost sales. 79 percent of online shoppers who experience a dissatisfying visit are less likely to buy from that site again, up 17 percent from the 2006 study. 64 percent would simply purchase from another online store, up 16 percent from the 2006 study. * Mobile is an emerging shopping channel Shopping channels are television specialty channels that present shopping related content, particularly for home shopping enthusiasts. Home shopping pioneers:
The study also shows that consumers continue to be frustrated frus·trate tr.v. frus·trat·ed, frus·trat·ing, frus·trates 1. a. To prevent from accomplishing a purpose or fulfilling a desire; thwart: by online shopping sites' performance, which leads to an increase in site abandonment. 23 percent of dissatisfied dis·sat·is·fied adj. Feeling or exhibiting a lack of contentment or satisfaction. dis·sat is·fied online shoppers attributed
their dissatisfaction to the web site being too slow or taking too long
to load, while 57 percent of online shoppers insist on a rapid checkout
process, up nearly 10 percent from three years ago. One-third of
shoppers who abandoned a recent shopping session were dissatisfied with
a retail or travel site's performance. These results demonstrate
that a poorly performing web site can be damaging to retailer's
brand and reputation.
"Today's consumers demand a fast, engaging and secure online shopping environment when searching for a product online. We see a direct relationship between online revenues and site performance and therefore, we have to ensure our site performs well and loads fast," said Michael Cooper The Forrester study also states that usability How easy something is to use. Both software and Web sites can be tested for usability. Considering how difficult applications are to use and Web sites are to navigate, one would wish that more designers took this seriously. See user interface and usability lab. , site content and speed are key factors to online customer loyalty. By taking the time to improve the overall site content and functionality, retailers can bolster the overall brand and image of their company. For example, adding rich, interactive and dynamic content to a retail site can help reflect the in-store experience for the consumer, which can lead to increased satisfaction and loyalty from the consumer. "The takeaway from this study is that site performance remains a major factor for keeping visitors coming back to a retail site. Online shoppers demand - and expect - quality site performance which is a requirement for optimal online success," said Pedro Santos Pedro Santos may refer to:
n. One who is skilled in strategy. Noun 1. strategist - an expert in strategy (especially in warfare) strategian market strategist - someone skilled in planning marketing campaigns for eCommerce at Akamai. "With two seconds as the new benchmark for a retail or travel site to load, it leaves little room for error to maintain a company's loyal online customer base. Leveraging Akamai's Dynamic Site Accelerator services and our globally-distributed network, retailers have been able to speed up page response times, meaning less shoppers abandoning the site due to slow response times and more shoppers making their purchases as a result." Akamai will host and deliver a Webcast discussing the trends and findings from this study together with an analyst from Forrester Consulting on September 25, 2009. To register, please visit: http://www.visualwebcaster.com/event.asp?id=61864 To read and download a complimentary copy of the full study, please visit www.akamai.com/2seconds. The Akamai Difference Akamai([R]) provides market-leading managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality for powering video, dynamic transactions, and enterprise applications online. Having pioneered the content delivery market one decade ago, Akamai's services have been adopted by the world's most recognized brands across diverse industries. The alternative to centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. Web infrastructure, Akamai's global network of tens of thousands of distributed servers provides the scale, reliability, insight and performance for businesses to succeed online. Akamai has transformed the Internet into a more viable place to inform, entertain, advertise, interact, and collaborate. To experience The Akamai Difference, visit www.akamai.com. |
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