Press release
Global Digital Commerce Software Market is anticipated to flourish at notable CAGR By 2022 | Top Key Players - IBM Corporation, Demandware, Oracle Corporation, Hybris AG, Inc., Magento, Apttus Corporation and Cloud Craze
Through a multitude of digital channels, incorporating mobile commerce and mobile payments, social commerce through social media platforms such as Facebook, and even local commerce utilizing GPS technology to deliver personalized deals to consumers, based on their location, organizations can now generate revenues. In the overall enterprise applications software market, digital commerce software continues to be one of the fastest-growing verticals.
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E-commerce software solutions which, in addition, to offering capabilities for managing back-end activities like order management, CRM, warehouse logistics, mobile support and tracking, data analytics, offer front-end for customer interaction as well, facilitate enterprises to sell their products online.
Market Dynamics
Various factors that have led to a significant growth in online sales around the world are consumers desire to shop from the comfort of their homes and offices, rapidly increasing computer and internet penetration, and variation in consumer preferences along with the availability of economical and reliable technology for safe transactions. Increase in the number of smartphones, broadband connections and tablets has primarily fuelled the evolution of digital commerce.
However, since e-commerce is a relatively new industry and the majority of online retailers still lack in digital marketing skills, the industry is facing few challenges. Also, online retailers do not have suitable governance structure in place. Moreover, as the complexity of online fraud attacks continue to increase, security remains prime concern for consumers.
Market Segmentation
The global digital commerce software market has been segmented on the basis of component into software and services.
On the basis of deployment model, it is categorized into on-premise, cloud-based and hybrid.
On the basis of industry, the market is divided into retail, financial services, travel & tourism, communications, entertainment & media, and others.
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Regional/Geographic Analysis
The worldwide market is dominated by North America, followed by Asia Pacific and European regions.US, Japan, China, UK and Germany are the top contributors in driving the growth for digital commerce market.
Key Players
The major players of the global digital commerce software market include IBM Corporation, Demandware, Oracle Corporation, Hybris AG, Inc., Magento, Apttus Corporation, Inc., Digital River, Inc., CloudCraze Software LLC, NetSuite Inc. and Elastic Path Software Inc., among others.
Report Contents Regional Analysis Report Highlights
Global Market segments
Global Market Drivers, Restraints and Opportunities
Global Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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