The digital commerce platform global market report from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Market Size – The digital commerce platform market size has grown rapidly in recent years. It will grow from $10.68 billion in 2023 to $12.43 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to increase in internet penetration, rise in smartphone usage, growth of social media, increase in consumer convenience, and rise in subscription based models.
The digital commerce platform market size is expected to see rapid growth in the next few years. It will grow to $22.93 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to increasing adoption of mobile commerce, growing cloud based solutions, rising demand for personalized shopping experiences, growing internet penetration rates, and growing demand for digital payment solutions. Major trends in the forecast period include adoption of AI driven technologies, implementation of block chain, advancements in renewable energy storage solutions, implementation of 5G technology, and implementation of augmented reality (AR).
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Scope Of Digital Commerce Platform MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Digital Commerce Platform Market Overview
Market Drivers -The rising trend of online shopping is expected to boost the digital commerce platform market. Online shopping involves purchasing goods and services via the internet, and its growth is due to factors like convenience, a wide product selection, and competitive pricing. Digital commerce platforms provide companies with centralized systems for managing products, orders, inventory, and customer data, which streamlines operations and enhances efficiency. These platforms also offer the necessary tools and infrastructure to optimize online sales channels. For instance, in May 2024, the U.S. Census Bureau reported a 7.6% increase in e-commerce sales between Q3 2022 and Q3 2023 in the U.S. As a result, the growing online shopping market is fueling the expansion of the digital commerce platform market.
Market Trends – Major companies operating in the digital commerce platform market are developing digital transactions to integrate secure payment gateways and ensure transactional safety. Digital transactions refer to financial transactions conducted electronically, typically over the Internet and through digital devices, that enhance convenience, security, and efficiency compared to traditional cash-based transactions. For instance, in January 2024, LINE Next, a US-based internet company, launched DOSI as a digital commerce platform. It expanded from its NFT origins to offer various digital products, including memberships, game items, and tickets via web and mobile apps. The Web3 integration in the platform aims to provide seamless trading, enhancing accessibility and utility for users worldwide in the digital commerce platform market.
The digital commerce platform market covered in this report is segmented –
1) By Component: Digital Commerce Platform Solutions, Digital Commerce Platform Services
2) By Business Model: Business To Consumer (B2C), Business To Business (B2B), Consumer To Business (C2B), Consumer To Consumer (C2C)
3) By Deployment Model: On Premises, Software As A Service, Fully Managed
4) By End Use: Food And Beverages, Fashion And Apparels, Health And Beauty, Electronics, Automotive, Home And Furniture, Media And Entertainment, Other End Users
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Regional Insights – North America was the largest region in the digital commerce platform market in 2023. The regions covered in the digital commerce platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are International Business Machines Corporation, Oracle Corporation, SAP SE, Salesforce Inc., Tata Consultancy Services Limited, HCL Technologies Limited, Sappi Limited, Shopify Inc., Radial Inc., Sitecore Holding II A/S, Automattic Inc., BigCommerce Holdings Inc., Digital River Inc., Unilog Content Solutions Private Limited, Mirakl SAS, VTEX Commerce Cloud Solutions LLC, Spryker Systems GmbH, commercetools GmbH, Cleverbridge GmbH, Kibo Software Inc., Miva Inc., Kentico Software s.r.o., Intershop Communications AG, Elastic Path Software Inc., Oro Inc
Table of Contents
- Executive Summary
- Digital Commerce Platform Market Report Structure
- Digital Commerce Platform Market Trends And Strategies
- Digital Commerce Platform Market – Macro Economic Scenario
- Digital Commerce Platform Market Size And Growth
…..
- Digital Commerce Platform Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. AppendixContact Us:
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