COVID-19 Impact: How will Grow the Digital Commerce Platform Market in Next Few Years? | Know the Challenges and Trend Analysis

The Global Digital Commerce Platform Market is expected to reach US$ xx million by the year 2023, growing at a CAGR of approximately 13.2% by 2027.
Market reports under the Digital Commerce Platform industry are supported by various macro and micro economic factors impacting the industry. We browse through historical data and provide an overview of the emerging markets and the next big opportunities for investors within the niche market. Increasing demand from emerging countries provides a good business opportunity for companies to invest in coming years. Our reports are updated with changing industry regulatory policies and offer insight depending on client’s requirement.

Digital commerce (D-Commerce) is defined as the buying and selling of goods and services through a digital platform, i.e., mobile networks, internet, and other e-commerce platforms. D-commerce is comprehensively used by companies to sell subscriptions, news, and any form of electronic document or documents, and also for collecting payments, handling customer queries, refunding, and billing. Marketing activities act as a supporting function for these transactions for better offerings to the customer.

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Market Segmentation of Digital Commerce Platform Market:
Following Top Key players are profiled in this Market Study:
IBM (USA), SAP SE (Germany), Oracle (USA), Magneto (USA), Apttus (USA), Netsuit (USA), Elastic Path (Canada), Demandware(USA), Cloudcraze (USA), Digital River (USA).

End- Users: BFSI, Retail, IT and Telecom, Airline and Travel Other

Impact of COVID-19 on Global Digital Commerce Platform Market :
Digital Commerce Platform Market report analyses the impact of Coronavirus (COVID-19) on the Digital Commerce Platform industry.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Digital Commerce Platform market in 2020.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; emergency declared in many countries; massive slowing of the supply chain; stock market unpredictability; falling business assurance, growing panic among the population, and uncertainty about future.

COVID-19 can affect the Global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.

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The end-users of the D-commerce platform are mainly publishers of magazine, white papers, and research papers. Nowadays, reselling of publisher’s content is done by some D-commerce companies. This kind of business model is profitable for both the parties, i.e., for both publishers and digital commerce companies. Most of the digital commerce companies are using SaaS platforms for their business solutions. A wide range of products and services can be sold through online commerce platforms. These can be business to business software solutions, such as Google G Suite, Microsoft Office 365, and consumer applications such as iTunes and games for iOS, and many more.

Regional Analysis of Digital Commerce Platform Market:
North America
Europe
Asia Pacific
LATAM
Middle East Africa

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