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Saas-Based E-Commerce Software and Platforms Deployment to Account For 80% of the Total Market

Posted 04 Aug-2022 04:45 AM by Neha | 1990

The e-commerce software and platform market currently has a market value of US$ 3.81 billion. From 2022 to 2032, it is projected to grow at a positive CAGR of 12.5% and reach a value of US$ 12.37 billion.

 

Retailers have noticed a rise in customer preference for online purchases because of the convenience and affordability of online platforms. This has prompted businesses to adopt e-commerce platforms and software to enhance the shopping experience for customers, increase their visibility to reach out to remote customers, and boost product and service sales. Furthermore, e-commerce platforms and software enable a seamless customer experience by integrating mobile, offline, and online buying channels.

 

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During the assessment period, this factor increased demand for business-to-business e-commerce software and platforms. The widespread use of cloud computing has opened up new opportunities for e-commerce. The global popularity of cloud computing and the Internet of Things (IoT) is expected to fuel a meteoric rise in demand for e-commerce software and platforms that use these platforms for deployment.

 

Key Takeaways from the Market Study

·         80 % of the market will be accounted for by the deployment of SaaS-based e-commerce software and platforms.

·         B2B e-commerce software deployment is expected to account for 3/5 of the global market by business type.

·         The United States is anticipated to be the most opportunistic market, accounting for about 40% of total revenue.

·         India and China will jointly hold 60% of the market for e-commerce software and platforms worldwide.

·         APEJ will increase demand for e-commerce software and platforms by more than 4 times.

·         In 2022, the global market for e-commerce platforms and software is expected to be worth US$3.81 billion.

 

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Market Competition

Product innovation and wise mergers and acquisitions shape the e-commerce software and platform market's competitive landscape. Some well-known producers of e-commerce software and platforms include IBM, Shopify Inc., Salesforce, Oracle Corporation, SAP SE, and Shopify Inc.

 

·         In order to automate its marketing platform with adaptable and dependable AI-driven technology solutions, YesStyle.com, a leading e-commerce platform for fashion, beauty, and lifestyle products owned by YesAsia Holdings Ltd., chose Oracle Fusion Cloud Customer Experience (CX).

·         The Finacle Digital Banking Solution Suite will be accessible on Red Hat OpenShift and IBM Cloud for Financial Services, according to an announcement made in November 2021 by Infosys Finacle, a wholly-owned subsidiary of Infosys and a division of EdgeVerve Systems. Through this partnership, banks will be able to scale business transformation, increase their agility, and fuel growth with an on-demand portfolio of goods and services.

 

Key Market Segments in e-commerce software and platform Industry Research

  • By Deployment Outlook :
    • SaaS
    • On-premise

 

  • By End-use Outlook :
    • Apparel
    • Electronics
    • Travel and Tourism
    • Home and Furnishing
    • Others

 

  • By Business Model :
    • B2B
    • B2C
    • Market Place
    • Others

 

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How Interesting is the U.S. Software and Platform Landscape for E-Commerce?

 

The American market is anticipated to grow significantly through 2022 and beyond. The business-to-business e-commerce software and platform market is anticipated to expand significantly over the course of the assessment period as a result of high order values and rising conversion rates.

 

The rapid development of e-commerce platforms and software in the US has made it possible to fulfil business-to-business orders quickly, which has improved the customer experience. In the United States, a market share of more than 40% is anticipated between 2022 and 2032, according to Fact.MR.

Tags:

E-commerce Software and Platform Market, Global E-commerce Software and Platform Market, E-commerce Software and Platform Demand, SaaS-based E-commerce Software and Platform Demand, On-premise based E-commerce software, Saas-based e-commerce platforms demand Affordable Press Release Network, Affordable Press Release Website, Free Press Release Site, Free Press Release, Free Press Release Distribution Services

Company Information

Company Name Contact Person Contact Number Email Id Website Address
Fact.MR Neha Bhosle 6282511583 neha.b@factmr.com https://www.factmr.com Rockville - Maryland, United States

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