E-Commerce Software And Platform Demand Is Forecast To Reach A Value Of US$ 12.37 Billion By 2032 X Herald

(MENAFN- Ameliorate Digital Consultancy) The e-commerce software and platform market currently has a market value of US$ 3.81 billion. From 2022 to 2032, it is projected to grow at a positive CAGR of 12.5% and reach a value of US$ 12.37 billion.

Due to the high convenience and cost-effectiveness of online platforms, retailers have noticed a growing client preference for online shopping. Retailers have been prompted by this factor to use e-commerce platforms and software to improve the shopping experience for customers and to expand their visibility to attract customers from a distance and boost sales of their goods and services. Additionally, e-commerce platforms and software connect mobile, offline, and internet buying channels to offer a seamless customer experience.

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Key Takeaways:

• The implementation of SaaS-based e-commerce software and platforms will account for 80% of the overall market.
• B2B e-commerce software deployment will account for 3/5th of the global market by business type.
• The United States is predicted to be the most lucrative market, with a revenue share of roughly 40%.
• India and China are expected to account for 60% of the worldwide market for e-commerce software and platforms.
• In terms of e-commerce software and platform demand, APEJ is expected to represent a 4x rise.
• In 2022, the global market for e-commerce software and platforms is expected to be worth US$ 3.81 billion.

Growth Drivers:

• Rising inclination of customers towards online buying is expected to propel the e-commerce software and platform market.
• Big Data analytics integration with e-commerce has rapidly spurred the demand for e-commerce software and platform.

Key Restraints:

• Growing cybercrimes, hacking, data leaks can lead to security breaches and confidential data leaks and hamper the growth of e-commerce software and platform market.

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Competitive Landscape

The competitive landscape of the e-commerce software and platform market is shaped by product innovation and strategic mergers & acquisitions. Front Runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies.

• In January 2022, YesStyle.com, a leading e-commerce platform for fashion, beauty, and lifestyle products owned by YesAsia Holdings Ltd. selected Oracle Fusion Cloud Customer Experience (CX) to automate its marketing platform with flexible and reliable AI-driven technology solutions.
• In November 2021, Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys announced that the Finacle Digital Banking Solution Suite will be available on Red Hat OpenShift and IBM Cloud for Financial Services. This collaboration will help banks scale business transformation, become more agile, and power their growth with an on-demand portfolio of products and services.

Key Companies Profiled:

• Shofipy
• SAP SE
• IBM Corporation
• Magento
• Salesforce.com, Inc.
• WooCommerce
• Intershop Communications AG
• Shopware AG
• Volusion LLC
• BigCommerce
• 3D Sellers

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Key Market Segments :

• By Deployment Outlook :
  • SaaS
  • On-premise
• By End-use Outlook :
  • Apparel
  • Electronics
  • Travel and Tourism
  • Home and Furnishing
  • Others
• By Business Model :
  • B2B
  • B2C
  • Market Place
  • Others

Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

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