High Demand for Digital Commerce Application will Bring US$ 19 Bn in Global Revenues by 2026-End

North America anticipated to account for a high market share in the global digital commerce applications market

The North America digital commerce applications market is likely to exhibit a healthy CAGR during the forecast period. The region accounted for the highest value share of close to 30% in 2016. The North America regional market is estimated to lose 96 BPS in 2026 as compared to that in 2016 and is projected to account for a market value share of just a little over 28%. The region is expected to witness a significantly high market attractiveness during the predicted period in the global digital commerce applications market. The North America digital commerce applications market is estimated to be valued at more than US$ 5,350 Mn by 2026, up from almost US$ 1,285 Mn in 2016, registering a CAGR of 15.4% over the forecast period. The North America digital commerce applications market is anticipated to create absolute $ opportunity of more than US$ 3600 Mn between 2016 and 2026.

Request Sample: https://www.persistencemarketresearch.com/samples/15124

Increasing use of the internet by a large number of people in North America is likely to create a positive impact on the global digital commerce applications market

Rising mobile commerce is the key driving factor in North America. The e-commerce market is rapidly increasing in North America region due to continuously growing mobile commerce transactions. Mobile commerce is basically the use of wireless handheld devices including laptops and smartphones for recharge or online bill payments. The recent trend in North America is that social media sites and e-commerce websites are moving towards m-commerce, and this has resulted in more demand for digital commerce applications. An increasing mobile consumer base in North America is also one of the reasons for the high growth of the North America digital commerce applications market. For instance, in 2015, U.S.A. Inc. announced a plan to unveil a mobile payments program that accepts any near field communications payment service at approximately 20 Chevron-branded stations.

As the purchasing and selling of products & services witnesses a technological transition, the use of mobile networks, internet and other similar infrastructures continues to gain traction. Development of platforms used for doing payments, billing & managing other accounting functions, and handling customer refunds for online publisher clients is picking up momentum. Consumers are demanding for digital commerce applications that are equipped with features such as card control, location services, timely information, alerts and notification, offers and rewards and many more. According to Persistence Market Research, the global market for digital commerce applications is expected to grow vigorously and bring in US$ 19,096.4 Mn in revenues by the end of 2026.

Download TOC: https://www.persistencemarketresearch.com/market-research/digital-commerce-applications-market/toc

Persistence Market Research’s report, titled “Digital Commerce Application: Global Industry Analysis and Forecast, 2016-2026,” the global sales of digital commerce application market was valued at nearly US$ 4,400 Mn in 2016 and is expected to expand at a CAGR of 15.8% during the forecast period (2016–2026). The report estimates that in 2016, around 29% of global sales of digital commerce applications were accounted by North America. However, the region is likely to lose out on its market presence in the years to come. Meanwhile, regions such as Latin America, Western Europe, Eastern Europe and the Asia-Pacific excluding Japan (APEJ) region will showcase positive growth in terms of demand for digital commerce applications. Latin America’s digital commerce application market will register fastest revenue growth at 16.3% CAGR, while the digital commerce application market in Europe will surpass US$ 3,500 Mn value towards the end of 2026.

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

305 Broadway,7th Floor
New York City, NY 10007
United States
+1-646-568-7751
+1 800-961-0353 (USA-Canada Toll free)
Email: sales@persistencemarketresearch.com
Website: https://www.persistencemarketresearch.com

This release was published on openPR.