Market Highlights: Digital commerce platform software allows companies to manage all operations related to online sales of products or services. Digital commerce platform software creates a centralized, digital hub for product and customer data, allowing e-commerce businesses to manage product information, personalize store content and layout, and process online transactions and payments. While most digital commerce platform software are designed for B2C sales, some vendors provide versions for B2B. Traditional digital commerce platform software focuses on managing sales of physical products, but more and more solutions are providing features for digital products that are sold as a subscription model. The market study is being classified by Type (Business to Consumer (B2C), Business to Business (B2B), Consumer to Business (C2B) and Consumer to Consumer (C2C)), by Application (retail sales, online shopping,, business-to-business transactions, and sale of digital products through online stores.) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Digital Commerce Platform Software are SAP SE (Germany), GMO MAKESHOP Co. Ltd. (Japan), Shopify Inc. (Canada), Magento (United States), Wix.com, Inc (Israel), OpenCart Limited (China), PrestaShop (France), Automattic Inc. (United States), Squarespace (United States) and SearchSpring (B7 Interactive, LLC) (United States).
The Deployment Mode, such as Cloud-Based, is boosting the Digital Commerce Platform Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Organization Size, such as Small and Medium-Sized Enterprises, is boosting the Digital Commerce Platform Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Industry Verticals, such as Retail, is boosting the Digital Commerce Platform Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Pricing Type, such as Monthly Subscription, is boosting the Digital Commerce Platform Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights In Oct 2023 Automattic Inc., the parent company behind WordPress.com, WooCommerce, and Tumblr, announced its acquisition of Texts.com, a cutting-edge platform that centralizes messaging from multiple apps into a single unified dashboard. On 4th February 2020, Searchspring, a provider of intelligent site search and merchandising solutions for a new generation of online retailers, announced a merger with Nextopia, a Toronto-based global provider of eCommerce site search and navigation solutions. With a combined 32 years of experience providing online retailers with the tools to build great eCommerce sites, Searchspring and Nextopia have successfully worked in competition to advance the technology that is available to marketers and merchandisers.
Key Questions Answered in the Report What will the Digital Commerce Platform Software Market size and the growth rate be in Future? What are the key factors driving the Digital Commerce Platform Software Market? What are the key market trends and macro-economic impacting the growth of the Digital Commerce Platform Software Market? What are the challenges to market growth? Who are the key vendors in the Digital Commerce Platform Software Market? What are the market opportunities and threats faced by the vendors in the Digital Commerce Platform Software Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Digital Commerce Platform Software Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Digital Commerce Platform Software market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Digital Commerce Platform Software market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Digital Commerce Platform Software Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.