Global Digital Commerce Applications Market Overview:
Digital commerce applications targeting businesses of all sizes and industries. Best-of-breed digital commerce–adjacent applications in areas such as CPQ, payments and billing, order management, web content management, merchandising, site search, fulfillment, product information management, and inventory management. An increase in digitalization shopping and purchasing things online has become a very common procedure and hence providing a boost to the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Intelligent Site Search and Rising Change in Consumer Preferences Along With the Availability of Cheap and Dependable Technology for Secure Transaction
Market Growth Drivers:
Increasing Number of Smartphones, Broadband Connections, and Tablets and Growth In The Number Of Online Shoppers Across The Globe
Challenges:
Lack of Digital Marketing Skills in Consumers
Restraints:
Security Concern for Consumers
Opportunities:
Increasing Online Shopping Habits and Changing Lifestyles and High Growth in Developing Countries
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies
Some of the key players profiled in the report are IBM (United States), Salesforce.com, inc. (United States), Cognizant Technology Solution (United States), Oracle Corporation (United States), Tata Consultancy Services (India), Adobe Inc. (United States), Infosys Limited (India), Shopify Inc. (Canada), Adyen NV (Netherlands), Amazon.com Inc (United States), 2checkout.Com, Inc. (United States), InSync Tech-Fin Solutions Ltd. (India) and Digital Goodie Ltd. (Finland). Additionally, following companies can also be profiled that are part of our coverage like Digital Turbine (United States) and Tencent Holdings Ltd (China). Analyst at AMA Research see United States Players to retain maximum share of Global Digital Commerce Applications market by 2028. Considering Market by End User Industry, the sub-segment i.e. BFSI will boost the Digital Commerce Applications market. Considering Market by End User, the sub-segment i.e. Small and Medium Enterprises (SME) will boost the Digital Commerce Applications market.
Latest Market Insights:
In Jan. 24, 2023 Hero Digital, a leading customer experience transformation company, today announced its acquisition of Omnichannel Commerce, a digital consultancy focused on delivering cross-cloud solutions in e-commerce, order, and subscription management for fast-growth and enterprise brands
In Aug 2020, InSync launched B2BeCONNECT, a feature-rich B2B mobile commerce application that is set to empower B2B merchants and digitally transform the way they work to delight their business buyers.
What Can be Explored with the Digital Commerce Applications Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Digital Commerce Applications Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Digital Commerce Applications
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Digital Commerce Applications 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 Applications 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 Applications Providers, Potential Technology Investors, Regulatory & Government Bodies, End Users and Others.
This helps us to gather the data related to 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, USPTO, EPO, Annual reports, press releases etc.