Press release
Digital Commerce Platform Market at a promising CAGR of 10.3% between 2022 and 2032
Between 2022 and 2032, the digital commerce platform market is expected to strengthen its position in the global market at a promising CAGR of 10.3%. The market is valued at $11.5 billion in 2022 and is expected to reach $30.6 billion by 2032. Previously, the market grew at a much faster CAGR of 14.4% (2015-2021), resulting in a market size of US$ 9.9 billion in 2021.The pandemic has forced people to explore through these digital commerce platforms, increasing the revenue of these platforms. The coronavirus pandemic has also increased sales of products and services, such as healthcare machines and trackers, as people began monitoring their vitals in real time.
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A digital commerce platform is a software application that enables businesses to sell products or services online. It provides a comprehensive solution for managing online sales channels, including websites, mobile applications, social media, and marketplaces. The platform enables businesses to create and manage their online storefronts, product catalogs, pricing, inventory, customer data, and payment processing.
Key Companies Profiled
• ORACLE CORPORATION
• Hybris AG
• Magento Inc
• IBM Corporation
• Demandware Inc
Key Segments:
By Business Model
Business to Customer (B2C)
Business to Business (B2B)
Customer to Business (C2B)
Customer to Customer (C2C)
By Deployment Model
On-premise
Software as a service (SaaS)
Fully Managed
Open-Source Technology Comparison Matrix
By Vertical
BFSI
Retail
Communication
Airline + Travel
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The demand for digital commerce platforms can be attributed to several factors, including:
1. Increased online shopping: With the rise of e-commerce, consumers are increasingly turning to online channels to purchase products and services. This has created a need for businesses to have a strong online presence and to be able to sell their products and services online.
2. Growing mobile usage: With the increasing use of mobile devices, consumers are shopping more frequently on their smartphones and tablets. This has led to a need for digital commerce platforms that are mobile-friendly and can provide a seamless shopping experience across different devices.
3. Changing customer expectations: Consumers expect a fast and convenient online shopping experience, with easy checkout and delivery options. Digital commerce platforms can help businesses meet these expectations by providing a range of features and tools to optimize the shopping experience.
4. Globalization: As businesses expand their operations globally, they need digital commerce platforms that can support multiple currencies, languages, and payment methods.
Overall, the demand for digital commerce platforms is likely to continue to grow as e-commerce becomes increasingly important for businesses of all sizes and industries.
Table of Contents Covered In This Digital Commerce Platform Market Report:
1 List of Tables and Figures
2 Introductions
3 Key Takeaways
4 Market Landscape
5 Global Digital Commerce Platform Market and Key Industry Dynamics
6 Digital Commerce Platform Market Overview, Forecast and Analysis
7 Global Digital Commerce Platform Market Analysis By Solutions
8 Global Digital Commerce Platform Market Analysis By Services
9 Global Digital Commerce Platform Market Analysis By Industry Vertical
10 Global Digital Commerce Platform Market Geographical Analysis
11 Industry Landscape
12 Competitive Landscape
13 Digital Commerce Platform Market, Key Company Profiles
14 Appendix
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