Major Force in the Digital Commerce Platform Market 2025: Impact Of Rising Online Shopping On The Digital Commerce Platform Market

How Will the Digital Commerce Platform Market Grow, and What Is the Projected Market Size?
In recent times, there has been a sharp increase in the market size of the digital commerce platform. The market, which is set to expand from $12.43 billion in 2024 to $14.51 billion in 2025, boasts a compound annual growth rate (CAGR) of 16.7%. Factors contributing to this substantial growth during the historical period include an upsurge in internet accessibility, more widespread use of smartphones, the boom of social media, an increase in consumer convenience, and the popularity of subscription-based business models.

The market for digital commerce platforms is predicted to undergo quick expansion in the upcoming years, anticipating a value of $26.68 billion by 2029, with a compound annual growth rate (CAGR) of 16.4%. This projected increase can be credited to the rising prevalence of mobile commerce, development of cloud-based services, increasing demand for personalized shopping experiences, growing access to the internet, and a heightened demand for digital payment solutions. Key trends for this prediction period include the adoption of AI-driven technologies, incorporation of blockchain, breakthroughs in renewable energy storage solutions, introduction of 5G technology, and integration of augmented reality (AR).

What Is Driving the Growth Trajectory of the Digital Commerce Platform Market?
The anticipated increase in online shopping is likely to fuel the expansion of the digital commerce platform market. Online shopping is described as purchasing goods and services via the internet. The surge in this form of shopping is mainly due to its convenience, wide range of product options, and competitive prices. Digital commerce platforms provide organizations with a central system for managing goods, orders, inventories, and customer information, enabling them to streamline their operations and boost efficiency. Such platforms supply the essential tools, infrastructure, and capabilities needed for managing and enhancing online sales channels. The United States Census Bureau, a US government agency, stated in May 2024 that e-commerce sales in the United States had risen by 7.6% between the third quarter of 2022 and the third quarter of 2023. Consequently, the increase in online shopping is propelling the expansion of the digital commerce platform market.

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Who Are the Major Industry Players Fueling Digital Commerce Platform Market Expansion?
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

Which Key Developments Are Influencing the Digital Commerce Platform Market?
Leading firms in the digital commerce platform market are innovating digital transactions to include secure payment portals and confirm transactional safety. Digital transactions indicate financial exchanges executed electronically, commonly via the internet and digital devices, which provides increased convenience, security, and efficiency compared to conventional cash-oriented transactions. For instance, in January 2024, a U.S.-based online company, LINE Next, introduced DOSI as a digital commerce platform. It grew from its NFT roots to offer a range of digital products, like subscriptions, gaming items, and tickets, accessible through both web and mobile apps. The integration of Web3 in the platform intends to facilitate smooth trading, boosting accessibility and practicality for users across the globe in the digital commerce platform market.

How Is the Segmentation of the Digital Commerce Platform Market Defined?
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

Subsegments:
1) By Digital Commerce Platform Solutions: E-Commerce Platforms (B2B, B2C, C2C), Mobile Commerce Solutions, Payment Gateway Solutions, Shopping Cart And Checkout Solutions, Digital Product And Content Management Systems, Customer Relationship Management (Crm) Solutions, Personalization And Recommendation Engines, Marketing Automation Solutions
2) By Digital Commerce Platform Services: Implementation And Integration Services, Managed Services, Support And Maintenance Services, Consulting Services, Data Analytics And Reporting Services, Security And Compliance Services, Digital Marketing Services, Custom Development Services

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What Is the Leading Region in the Digital Commerce Platform Market?
North America was the largest region in the digital commerce platform market in 2023. The regions covered in the digital commerce platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Digital Commerce Platform Global Market Report?

- Market Size Analysis: Analyze the Digital Commerce Platform Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Digital Commerce Platform Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Digital Commerce Platform Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Digital Commerce Platform Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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