Global E-Commerce Software Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global E-Commerce Software Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global E-commerce software market has been segmented on the basis of deployment, end-use, as well as regions and countries.
E-Commerce software is the engine behind the scenes of an online store, making it possible to easily manage inventory, add or remove products, calculate taxes, and any other required task needed to fulfill orders and manage a website.
The ease/convenience of doing business online, as well as the reduction of additional costs as a result of adopting online platforms are some of the factors that are fueling revenue growth of the global e-Commerce software market. The increase in mobile phone penetration has led key market players to personalize their software and platforms to be compatible to these devices. Additionally, the on-going improvements to high-speed internet access has facilitated greater adoption rates, and this is expected to positively impact future market growth.
The steady surge in the number of e-tailers is expected to create a huge demand for e-commerce software in the years to come, and this will contribute to added revenue growth. In light of the recent COVID-19 pandemic, the ability for individuals to physically make purchases has been drastically reduced due to global lockdowns. This is causing a greater number of individuals to explore options and make purchases through e-commerce platforms. And, this factor will prove pivotal for the short-term revenue growth of the global e-commerce software market.
Segmentation of the global e-commerce software market is as follows:
In terms of deployment, the cloud segment accounted for the majority revenue shares of the global market in 2019, due to the increasing adoption of cloud technology across a host of industry verticals, and the fact that a large number of key market players are presently heavily invested in cloud-based technology. The on-premise segment is also expected to index a considerable rate of revenue growth in the foreseeable future.
With respect to end-use, the apparel & fashion segment accounted for the majority revenue share of the global market in the 2019. This can be attributed to the rising adoption of online shopping for clothing, jewelry and accessories across the globe. The healthcare segment is also slated to register significant revenue growth in the near future.
Regional Segmentation and Analysis:
North America accounted for the majority revenue shares of the global e-commerce software market owing to the presence of key market players in the region. However, the APAC is expected to emerge as the fastest-growing market over the next 10 years, owing to the various initiatives being undertaken by respective governments to promote robust digitization in this region.
Segmentation of the Global E-Commerce Software Market:
Segmentation by Deployment:
Segmentation by End-Use:
- Apparel & Fashion
- Food & Beverage
- Home & Electronics
- BFSI & Technology
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- SAP SE
- Salesforce.com, Inc.
- Pitney Bowes Inc.
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