E-Commerce Software And Platform Demand Is Likely To Surge At A CAGR Of 12.5% By 2032

According to Fact.MR, the demand for e-commerce software and platforms is expected to grow at a CAGR of 12.5% in terms of value during the assessment period. Furthermore, the report predicts that e-commerce software and platform sales will exceed US$ 12.37 billion by the end of 2032.

Sales of e-commerce software and platforms via the business-to-business model are expected to grow at a rapid pace throughout the assessment period, owing to high order values and rising conversion rates. The rapid development of e-commerce software and platforms has allowed for quick business-to-business order fulfilment, resulting in a better customer experience.

Read Report Overview: https://www.factmr.com/report/1598/e-commerce-software-and-platform-market

Competitive Landscape

Product innovation and strategic mergers and acquisitions shape the competitive landscape of the e-commerce software and platform market. Some well-known manufacturers of e-commerce software and platforms include Oracle Corporation, SAP SE, Shopify Inc., Salesforce, and IBM.

YesStyle.com, a leading e-commerce platform for fashion, beauty, and lifestyle products owned by YesAsia Holdings Ltd., decided to automate its marketing platform with flexible and dependable AI-driven technology solutions in January 2022.

Infosys Finacle, a wholly-owned subsidiary of Infosys, announced in November 2021 that the Finacle Digital Banking Solution Suite will be available on Red Hat OpenShift and IBM Cloud for Financial Services. This collaboration will assist banks in scaling business transformation, becoming more agile, and accelerating growth.

Key Market Segments in e-commerce software and platform Industry Research

By Deployment Outlook :

SaaS

On-premise

By End-use Outlook :

Apparel

Electronics

Travel and Tourism

Home and Furnishing

Others

By Business Model :

B2B

B2C

Market Place

Others

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Key Takeaways from the Market Study

The deployment of SaaS-based e-commerce software and platforms will account for 80% of the total market.
By business type, B2B e-commerce software deployment will account for three-fifths of the global market.
The United States is expected to be the most opportunistic market, accounting for roughly 40% of total revenue.
India and China will account for 60% of the global e-commerce software and platform market. APEJ will represent a more than fourfold increase in e-commerce software and platform demand.
In 2022, the global market for e-commerce software and platforms is expected to be worth $3.81 billion USD.
The growing reliance on virtual technology to streamline marketing and sales of various consumer goods, as well as the growing reliance on online shopping platforms, is broadening e-growth commerce's prospects.

How appealing is the E-commerce Software and Platform Landscape in the United States?

Adoption is being driven by a greater emphasis on improving B2B communication.
The US market is expected to grow significantly through 2022 and beyond. Sales of e-commerce software and platforms via the business-to-business model are expected to grow at a rapid pace throughout the assessment period, owing to high order values and rising conversion rates.

The rapid development of e-commerce software and platforms in the United States has enabled quick business-to-business order fulfilment, resulting in a better customer experience. According to Fact.MR, the market in the United States will have a market share of more than 40% from 2022 to 2032.

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How can Fact.MR Make Difference?
• In-depth examination of several market aspects that may have an impact on the market's growth rate
• Provides information on recent market developments and marketing strategies implemented by leading companies worldwide.
• Outlined key factors that will influence market growth during the forecast period.
• Estimated growth rate based on historical growth rate and future prospects
• Current innovations and product launches in the global landscape • Detailed description of the competitive landscape with reference to leading companies and new market entrants

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