Press release
Global Digital Commerce Platform Market Report 2024: Industry Trends, Innovations, and Market Growth
Digital Commerce Platform Market Industry
The new report published by The Business Research Company, titled Digital Commerce Platform Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the digital commerce platform market size has grown rapidly in recent years. It will grow from $10.68 billion in 2023 to $12.43 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The digital commerce platform market size is expected to see rapid growth in the next few years. It will grow to $22.93 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%.
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What Is Driving The Growth Of The Global Digital Commerce Platform Market?
Impact Of Rising Online Shopping On The Digital Commerce Platform Market
The rising online shopping is expected to propel the growth of the digital commerce platform market going forward. Online shopping refers to the purchasing of goods and services over the internet. The rise of online shopping can be attributed with convenience, vast product selection, and competitive pricing. Digital commerce platforms offer a centralized system to companies for managing products, orders, inventory, and customer data, streamlining operations, and improving efficiency. It provides the necessary tools, infrastructure, and capabilities to manage and optimize their online sales channels. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, in the United States, e-commerce sales increased by 7.6% between the third quarter of 2022 and the third quarter of 2023. Therefore, rising online shopping is driving the growth of the digital commerce platform market.
What Is The Key Trend In The Global Digital Commerce Platform Market?
Advancements In Digital Transactions In The Digital Commerce Platform Market
Major companies operating in the digital commerce platform market are developing digital transactions to integrate secure payment gateways and ensure transactional safety. Digital transactions refer to financial transactions conducted electronically, typically over the Internet and through digital devices, that enhance convenience, security, and efficiency compared to traditional cash-based transactions. For instance, in January 2024, LINE Next, a US-based internet company, launched DOSI as a digital commerce platform. It expanded from its NFT origins to offer various digital products, including memberships, game items, and tickets via web and mobile apps. The Web3 integration in the platform aims to provide seamless trading, enhancing accessibility and utility for users worldwide in the digital commerce platform market.
How Is The Global Digital Commerce Platform Market Segmented?
The digital commerce platform market covered in this report is segmented -
1) By Component: Digital Commerce Platform Solutions, Digital Commerce Platform Services
2) By Business Model: Business To Consumer (B2C), Business To Business (B2B), Consumer To Business (C2B), Consumer To Consumer (C2C)
3) By Deployment Model: On Premises, Software As A Service, Fully Managed
4) By End Use: Food And Beverages, Fashion And Apparels, Health And Beauty, Electronics, Automotive, Home And Furniture, Media And Entertainment, Other End Users
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How Is The Competitive Landscape Of The Global Digital Commerce Platform Market?
Major companies operating in the digital commerce platform market are International Business Machines Corporation, Oracle Corporation, SAP SE, Salesforce Inc., Tata Consultancy Services Limited, HCL Technologies Limited, Sappi Limited, Shopify Inc., Radial Inc., Sitecore Holding II A/S, Automattic Inc., BigCommerce Holdings Inc., Digital River Inc., Unilog Content Solutions Private Limited, Mirakl SAS, VTEX Commerce Cloud Solutions LLC, Spryker Systems GmbH, commercetools GmbH, Cleverbridge GmbH, Kibo Software Inc., Miva Inc., Kentico Software s.r.o., Intershop Communications AG, Elastic Path Software Inc., Oro Inc
Contents Of The Global Digital Commerce Platform Market
1. Executive Summary
2. Digital Commerce Platform Market Report Structure
3. Digital Commerce Platform Market Trends And Strategies
4. Digital Commerce Platform Market - Macro Economic Scenario
5. Digital Commerce Platform Market Size And Growth
…..
27. Digital Commerce Platform Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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