Industry Background:
Retail E-commerce software is refers to software used for e-commerce activity. E- Commerce is also called as electronic commerce or EC. It is mostly used for buying and selling of goods and services. Also, it is used for the transmitting of funds or data, over an electronic network, primarily the internet. This software helps retail industry to operate through web portals, gain competitive advantage, and reach more clients rapidly. Additionally, E-commerce retail software offers advanced abilities such as searching, order management, cart management, content management, marketing, and reporting.
According to AMA, the market for Retail E-commerce Software is expected to register a CAGR of 14.31% during the forecast period to 2026. This growth is primarily driven by Fueling Popularity of Digital Commerce and Increasing Demand in BFSI Segment.
Globally, a noticeable market trend is evident High Adoption of Cloud Solution
. The Application Software sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Magento (United States), Oracle ATG Commerce (United States), PrestaShop (France), Shopify (Canada), Adobe Systems (United States), CenturyLink (United States), Cleverbridge (Germany), Ekm Systems (United Kingdom), Hybris Software (SAP SE) (Germany) and IBM Websphere (IBM) (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 5th September 2018, Shopify Inc. the leading multi-channel commerce platform has launched its new Shopify App Store. Originally launched in 2009, the Shopify App Store is a collection of free and premium apps that extend the functionality of Shopify merchants’ online stores, helping them sell more and save time. and On 21st May 2018, Adobe has entered into a definitive agreement to acquire Magento Commerce, a market-leading commerce platform. The deal value is 1.68 billion dollars.
Market Drivers
- Fueling Popularity of Digital Commerce
- Increasing Demand in BFSI Segment
Market Trend
- High Adoption of Cloud Solution
- Growing Count of Online Stores
Restraints
- Threat from Open-Source Solution Providers
Opportunities
Huge Demand for E-Commerce Software from Numerous Industries and Upsurge in Acceptance of Advanced Technologies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Retail E-commerce Software Study Sheds Light on
The Retail E-commerce Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Retail E-commerce Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Retail E-commerce Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.