Global Market Study on Digital Commerce Applications: Latin America Anticipated to Gain Significant BPS During the Forecast Period

Market consolidation through mergers and acquisitions is the strategy adopted by leading players in the global digital commerce applications market according to the findings of a new report by Persistence Market Research titled “Digital Commerce Applications Market: Global Industry Analysis and Forecast, 2016–2026.” The expert team of analysts have observed that top companies are focusing on strategic mergers and acquisitions to enhance their global market share and expand customer base. The digital commerce applications market across the globe is fragmented in the medium to low price range. While studying product expertise and innovation, the analysts have found that key companies in the global digital commerce applications market are focusing on offering new and customized digital commerce applications. Companies are focusing on offering cloud-based solutions as cloud-based solutions have high demand across the globe.

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Trained and qualified digital commerce resources are in high demand globally, which is a major driving factor of the global digital commerce applications market. The best providers are considered top employers where people choose to work and typically have well-defined recruitment, talent management, compensation, and retention programs and where the development, sales, and customer service teams are fully staffed. A good employee strategy will help providers emerge profitable and also help provide better solutions to customers. Solution providers are focusing on providing micro vertical-specific business processes, best practices and implementation methodologies to help enterprises get started. These best practices and methodologies are supported and maintained as part of the release cycle and professional services staff (including partners) are trained and certified on these tools.

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In May 2016, Tata Consulting Services Limited and Siemens enlarged their strategic partnership to deliver big data analytics to manufacturing industries across the globe and subsequently, Tata Consulting Services merged with GE Digital and GE Healthcare to develop digital solutions to deliver benefits to customers.

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