Global Digital Commerce Software Market – Share, Size, Trends, Growth and Forecast 2017-2022

The Global Digital Commerce Software Market was valued at USD 5.31 billion in 2016 and is projected to reach USD 12.23 billion by the end of 2022, growing at a CAGR of 18.16% over the forecast period, 2017-2022. Digital commerce software continues to be one of the fastest-growing verticals in the overall enterprise applications software market. E-commerce software solutions facilitate enterprises to sell their products online. These solutions offer front-end for customer interaction, in addition, to capabilities for managing back-end activities like order management, warehouse logistics, CRM, data analytics, mobile support and tracking.

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Digital commerce is considered as part of e-commerce, which is linked to the internet and online purchasing activities. However, with the growth in internet and new digital technologies surfacing frequently, opportunities to drive commercial activities through digital channels have grown tremendously. Organizations can now generate revenue through a multitude of digital channels, incorporating mobile commerce and mobile payments, social commerce through social media platforms such as Facebook, and even local commerce utilizing GPS technology to deliver personalized deals to consumers, based on their location.

Market Dynamics

E-commerce platforms eliminate the need for integration between different systems by offering a centralized platform for all the activities, ranging from online presence to service delivery. They help businesses retain customers, by providing personalised and targeted services. They offer scalable, high-performance and cost-efficient services to businesses that are looking to expand their operations. These dynamics are driving the market for digital commerce software over the forecast period. Cyber security issues and rising privacy concerns are the major restraints for the market.

Market Segmentation

The Global Digital Commerce Software Market has been segmented by component (software, services), deployment model (on-premise, cloud-based, hybrid), industry (retail, financial services, travel & tourism, communications, entertainment & media, others) and by region (North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa). North America holds the largest market share in this industry followed by Europe.

This report describes a detailed study of Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of top players, which includes the key growth strategies, geographical footprint, and competition analysis.

The Report also Considers Key Trends that will Impact the Industry and Profiles of Leading Suppliers of Digital Commerce Software that Include -

1. SAP
2. IBM Corporation
3. Oracle Corporation
4. Demandware Inc.
5. Digital River Inc.
6. NetSuite Inc.
7. Sappi Limited
8. Intershop
9. Volusion Inc.
10. eBay Enterprise
11. TCS Ltd.
12. Cleverbridge Inc.
13. MarketLive, Inc.
14. Shopify Inc.

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Key Deliverables in the Study:

• Market definition for digital commerce software market, along with identification of key drivers and restraints of the market.
• Market analysis for the global digital commerce software market, with region-specific assessments and competition analysis on a global and regional scale.
• Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
• Extensively researched competitive landscape section with profiles of major companies, along with their strategic initiatives and market share.
• Identification and analysis of the macro and micro factors that affect the digital commerce software market on both, global and regional scales.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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