Press release
Value Of The E-Commerce Software And Platform Industry Will Reach US$ 12.37 Billion By 2032
The e-commerce software and platform market had a market value of US$ 3.81 billion in 2022, and is expected to grow at a CAGR of 12.5% from 2022 to 2032, reaching a value of US$ 12.37 billion.Due to convenience and cost-effectiveness of online platforms, retailers have seen a growth in client preference for online purchases. This has prompted merchants to implement e-commerce software and platforms in order to improve the customer shopping experience and expand their visibility in order to reach remote customers and increase product and service sales. Furthermore, by connecting mobile, offline, and online buying channels, e-commerce software and platforms enable a seamless customer experience.
As a growing number of retailers focus on exploiting online platforms to attract new client segments, ongoing technology improvements have increased the competition of the retail business.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/connectus/sample?flag=S&rep_id=1598?PS
Through 2022 and beyond, the US market is expected to grow at a rapid pace. On the strength of big order values and increasing conversion rates, sales of e-commerce software and platform via business-to-business model are predicted to expand at a significant rate throughout the assessment period.
Emerging countries of India and Greater China are expected to present potential growth pathways for vendors of e-commerce software and platform owing to the growing e-commerce industry in this region. The e-commerce market has been considerably altered by cryptocurrency and blockchain, which has fueled demand for e-commerce software and platforms. They are expected to account for 60% of worldwide e-commerce software and platform demand.
Vendors now provide XaaS (Everything as a Service), which encompasses SaaS (Software as a Service), PaaS (Platform as a Service), and IaaS (Infrastructure as a Service) as a result of a paradigm change from on-premise deployment to cloud-based deployment (Infrastructure as a Service). Players are focusing on cloud-based platforms such as SaaS as an effective deployment mechanism for e-commerce software and platform in order to keep client loyalty.
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐:
โข The implementation of SaaS-based e-commerce software and platforms will account for 80% of the overall market.
โข B2B e-commerce software deployment will account for 3/5th of the global market by business type.
โข The United States is predicted to be the most lucrative market, with a revenue share of roughly 40%.
โข India and China are expected to account for 60% of the worldwide market for e-commerce software and platforms.
โข In terms of e-commerce software and platform demand, APEJ is expected to represent a 4x rise.
โข In 2022, the global market for e-commerce software and platforms is expected to be worth US$ 3.81 billion.
๐๐ฟ๐ผ๐๐๐ต ๐๐ฟ๐ถ๐๐ฒ๐ฟ๐:
โข Rising inclination of customers towards online buying is expected to propel the e-commerce software and platform market.
โข Big Data analytics integration with e-commerce has rapidly spurred the demand for e-commerce software and platform.
Key Restraints:
โข Growing cybercrimes, hacking, data leaks can lead to security breaches and confidential data leaks and hamper the growth of e-commerce software and platform market.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/connectus/sample?flag=RC&rep_id=1598?PS
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
Product innovation and strategic mergers and acquisitions influence the competitive landscape of the e-commerce software and platform sector. To take advantage of lucrative opportunities in developing markets, front-runners are focusing capacity increases and global footprint development.
โข In January 2022, YesStyle.com, a prominent e-commerce platform for fashion, beauty, and lifestyle products owned by YesAsia Holdings Ltd., chose Oracle Fusion Cloud Customer Experience (CX) to automate its marketing platform with flexible and dependable AI-driven technology.
โข In November 2021, The Finacle Digital Banking Solution Suite will be available on Red Hat OpenShift and IBM Cloud for Financial Services according to Infosys Finacle, a wholly-owned subsidiary of Infosys. With an on-demand range of products and services, our alliance will help banks scale business transformation, become more flexible, and propel their growth.
๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ถ๐ป ๐๐ต๐ฒ ๐-๐ฐ๐ผ๐บ๐บ๐ฒ๐ฟ๐ฐ๐ฒ ๐ฆ๐ผ๐ณ๐๐๐ฎ๐ฟ๐ฒ ๐ฎ๐ป๐ฑ ๐ฃ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ป๐ฐ๐น๐๐ฑ๐ฒ:
โข Shofipy
โข SAP SE
โข IBM Corporation
โข Magento
โข Salesforce.com, Inc.
โข WooCommerce
โข Intershop Communications AG
โข Shopware AG
โข Volusion LLC
โข BigCommerce
โข 3D Sellers
โข Infusionsoft
โข Jazva
โข Wix.com
๐ ๐ผ๐ฟ๐ฒ ๐ฉ๐ฎ๐น๐๐ฎ๐ฏ๐น๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐ ๐ผ๐ป ๐-๐ฐ๐ผ๐บ๐บ๐ฒ๐ฟ๐ฐ๐ฒ ๐ฆ๐ผ๐ณ๐๐๐ฎ๐ฟ๐ฒ ๐ฎ๐ป๐ฑ ๐ฃ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Fact.MR provides an unbiased analysis of the e-commerce software and platform market, presenting historical demand data (2016-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global e-commerce software and platform market with a detailed segmentation on the basis of:
By Deployment Outlook :
โข SaaS
โข On-premise
By End-use Outlook :
โข Apparel
โข Electronics
โข Travel and Tourism
โข Home and Furnishing
โข Others
By Business Model :
โข B2B
โข B2C
โข Market Place
โข Others
๐๐ฒ๐ ๐๐๐น๐น ๐๐ฐ๐ฐ๐ฒ๐๐ ๐ผ๐ณ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:https://www.factmr.com/checkout/1598
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E:ย sales@factmr.com
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
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