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Impact Of Rising Online Shopping On The Digital Commerce Platform Market: A Key Catalyst Accelerating Global Digital Commerce Platform Market Growth in 2025
Digital Commerce Platform
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What Will the Digital Commerce Platform Industry Market Size Be by 2025?_x000D_
The scope of the digital commerce platform market has witnessed a substantial expansion in the preceding years. It is projected to escalate from a value of $12.43 billion in 2024 to reach $14.4 billion in 2025, recording an impressive compound annual growth rate (CAGR) of 15.8%. Factors such as elevated internet coverage, increasing smartphone adoption, burgeoning popularity of social media, enhanced consumer comfort, and a surge in subscription-based models have influenced the remarkable growth observed in the historic period._x000D_
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What's the Long-Term Growth Forecast for the Digital Commerce Platform Market Size Through 2029?_x000D_
The market size for the digital commerce platform is predicted to experience swift expansion in the upcoming years, reaching $26.29 billion by 2029 with a CAGR of 16.2%. Factors contributing to the growth during the forecast period include the increasing embracing of mobile commerce, the rise of cloud-based solutions, the amplified demand for personalised shopping experiences, the expanding internet penetration, and the burgeoning requirement for digital payment solutions. Key trends anticipated during the forecast period involve the adoption of technologies driven by AI, the incorporation of blockchain, advancements in renewable energy storage solutions, the rollout of 5G technology, and the application of augmented reality (AR)._x000D_
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What Are the Key Growth Drivers Fueling the Digital Commerce Platform Market Expansion?_x000D_
The growing trend of online shopping is predicted to fuel the expansion of the digital commerce platform market. Online shopping is the act of buying goods and services via the internet. This rise in online shopping can be traced back to the convenience it offers, the numerous product choices available, and affordable pricing. Digital commerce platforms supply companies with a centralized system to handle products, orders, inventory, and customer data, which ultimately enhances operational effectiveness and efficiency. The platforms deliver the required tools, infrastructure, and capabilities to oversee and boost their online sales outlets. For example, data from the United States Census Bureau, a US government agency, showed a 7.6% rise in e-commerce sales in the United States between the third quarter of 2022 and the third quarter of 2023, as of May 2024. Hence, the surge in online shopping is stimulating the development of the digital commerce platform market._x000D_
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What Are the Key Trends Driving Digital Commerce Platform Market Growth?_x000D_
Key players in the digital commerce platform market are focusing on enhancing digital transaction safety and integrating robust payment gateways. Digital transactions are financial transactions processed electronically and usually occur over the internet via digital devices. They offer improved security, convenience, and efficiency compared to traditional cash transactions. For example, in January 2024, LINE Next, an internet company based in the US, introduced DOSI as a digital commerce platform. Initially focused on NFTs, the platform expanded to propose a variety of digital products such as memberships, game items, and tickets, accessible via web and mobile applications. The platform intends to utilize Web3 integration to allow frictionless trading, thereby augmenting accessibility and utility for global users in the digital commerce platform market._x000D_
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How Is the Digital Commerce Platform Market Segmented?_x000D_
The digital commerce platformmarket covered in this report is segmented - _x000D_
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1) By Component: Digital Commerce Platform Solutions, Digital Commerce Platform Services_x000D_
2) By Business Model: Business To Consumer (B2C), Business To Business (B2B), Consumer To Business (C2B), Consumer To Consumer (C2C)_x000D_
3) By Deployment Model: On Premises, Software As A Service, Fully Managed_x000D_
4) By End Use: Food And Beverages, Fashion And Apparels, Health And Beauty, Electronics, Automotive, Home And Furniture, Media And Entertainment, Other End Users_x000D_
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Subsegments:_x000D_
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 _x000D_
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_x000D_
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Which Companies Are Leading the Charge in Digital Commerce Platform Market Innovation?_x000D_
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 _x000D_
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Which Regions Are Leading the Global Digital Commerce Platform Market in Revenue?_x000D_
North America was the largest region in the digital commerce platform market in 2024. The regions covered in the digital commerce platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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