Market Overview:
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.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
CAGR | % |
Influencing Trend:
Increasing Demand for Entertainment and Media Market and Emerging Number of Companies in E-commerce Platform for its Brand Building
Market Growth Drivers:
Demand for Exemplary Customer Services and Customizable Option and Increasing Number of Channels Throughout both the Buying and Owning Stages
Challenges:
Major Issues Due to Technological Errors and Slow Page Loading
The key Players profiled in the report 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). Additionally, other players that are of this comprehensive study are NetEase, Inc. (China), Pinduoduo (China) and Volusion (United States).
Market Development Activities
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 Target Audience
Digital Commerce Platform Software Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others