Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >Gone in less than 60 seconds
    Business

    Gone in Less Than 60 Seconds

    Published by Jessica Weisman-Pitts

    Posted on June 29, 2022

    4 min read

    Last updated: February 5, 2026

    Add as preferred source on Google
    A Latina female using a desktop computer to shop for clothing online, reflecting the trends in consumer behavior highlighted in the article on website downtime and e-commerce challenges.
    Latina woman shopping online for clothing, highlighting consumer behavior trends - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:researche-commerceOnline shopping

    Quick Summary

    New research reveals the majority of online consumers are unprepared to stick around when a website is suffering an outage

    New research reveals the majority of online consumers are unprepared to stick around when a website is suffering an outage

    Q&A with Jake Madders, Director at Hyve Managed Hosting

    What impact is downtime having on consumer trends in the UK?

    It’s never been easier to purchase goods and services online, and both the convenience and ease of online shopping dominate buyer behaviour. However, although this demand is good news for online retailers, they must ensure they are providing a service that is highly available if they want to attract and retain consumers. Research conducted by Hyve has shown that 42% of consumers would move to a competitors’ website after less than a minute if their go-to brand suffered an outage, with 34% prepared to wait no longer than 30 seconds in those circumstances. As it’s easier for consumers to ‘shop around’ online, these findings show businesses not only need to be price sensitive but it’s clear there is a priority to ensure their site is highly available as consumers are unprepared to wait if a website is suffering downtime.

    How common is downtime a problem within e-commerce?

    It is more common than it should be and it also isn’t exclusive to smaller retailers, this can impact even the biggest brands if their infrastructure isn’t designed specifically for appropriate scaling. In the past 12 months over one-third (38%) of UK consumers have been unable to access a company’s website, with nearly a quarter (23%) of respondents experiencing this situation more than once. This typically occurs when retailers fail to manage traffic spikes correctly, and over one-fifth (21%) of UK consumers surveyed reported being unable to access a website to buy a newly launched product or service in the past 12 months. This is incredibly frustrating for online consumers that are looking to secure the latest fashion items or tickets to events and provides a poor user experience.

    Is this a problem that is exclusive to e-commerce or are other industries also struggling with downtime?

    An outage can be caused by a number of things such an influx of traffic, malicious attacks, bad code or hardware failure. Any of these factors can result in downtime for any website or hosted application, so must be avoided at all costs. With the digital commerce industry constantly evolving, e-commerce is on the frontline of this battle, and maintaining a stable e-commerce site is crucial to ensuring income is not lost due to consumers shopping elsewhere. Black Friday and Cyber Monday are key examples of high traffic shopping days that can test the resolve of retailers, and it is important for them to have the ability to scale quickly to manage traffic spikes effectively and meet the influx of website visitors on these occasions. 

    Most notably outside of e-commerce, energy providers experienced downtime earlier this year due to their customers’ trying to log-on and submit their meter readings before a deadline they had been given. This is a prime example of when systems don’t have the ability to scale quickly and meet peaks in demand – the result is often downtime, leaving customs disgruntled.

    What can be done to ensure online services are highly available and mitigate the risk of downtime in these scenarios?

    Business leaders and IT teams will be concerned to see the appetite amongst consumers to move to their rivals, but they can take simple steps to mitigate the risk of downtime. Those that get caught out are typically totally reliant on a single public cloud provider, which means they are responsible for anticipating and scaling themselves with DevOps and automation in-house, which can be an arduous task. For any business looking to manage traffic spikes at critical times more effectively, the answer is to either diversify risk by using multiple providers or to partner with a local managed service provider to ensure this is taken care of.

    Frequently Asked Questions about Gone in less than 60 seconds

    1What is downtime?

    Downtime refers to periods when a website or online service is unavailable or not functioning properly, often leading to lost sales and customer dissatisfaction.

    2What is e-commerce?

    E-commerce is the buying and selling of goods or services using the internet, which has become increasingly popular due to its convenience.

    3What is consumer behavior?

    Consumer behavior is the study of how individuals make decisions to spend their resources on consumption-related items, influenced by various factors including marketing.

    4What is website availability?

    Website availability refers to the uptime of a website, indicating how often it is accessible to users without interruptions or outages.

    5What is a traffic spike?

    A traffic spike is a sudden increase in the number of visitors to a website, often resulting from promotions, sales, or significant events.

    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    View All Business Posts
    Previous Business PostThe Cost of Getting a Price Rise Wrong
    Next Business PostOne Step Closer to the Future – Proposed Reforms to Corporate Criminal Liability in the UK