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E-commerce Software Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030

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    Report

  • 119 Pages
  • October 2022
  • Region: Global
  • Acute Market Reports
  • ID: 5697729
Global e-commerce software market was valued at US$ 7,340.8 Mn in 2021 and set to grow at a CAGR of 16.3% throughout the forecast period from 2022 to 2030. Increasing penetration of e-commerce from different geographical regions observed as one of the most prominent factors influencing e-commerce software market growth. Increasing per capita income along with growing Internet penetration are some more factors influencing e-commerce software market growth. In addition, the rise in the adoption of recent technologies coupled with the increasing market for Software-as-a-Service has set the e-commerce software market to register significant growth during the forecast period.

The increasing count of online stores and virtual marketplaces has ensured the growth of the e-commerce software market in years to come. To avail, the benefits of online sales brick and mortar stores, conventional and grocery stores are increasingly shifting towards digital commerce. This factor has created a growth opportunity for the e-commerce software market, worldwide. In addition, with enhancement in business operation through easy handling of orders and transactions along with effective product handing features e-commerce software has increased its attractiveness among numerous industries including automotive, consumer electronics, fashion & lifestyle, and food & beverages among others.

BFSI Segment to Witness Growth in Overall E-commerce Software Market throughout the Forecast Period

Financial institutes are increasingly embracing e-commerce to achieve enhanced productivity through effective data management generated through transactions. Banking, financial services, and institutes are expected to register significant growth in the near future considering the increasing participation of these institutes in the e-commerce market. Technological advances in banking sectors such as e-checks, e-cards, smart cards among others ensure the growth of the e-commerce software market for BFSI. As a major strategy to grow in the global e-commerce market, payment banks are engaging in partnership with large well-known banks. This factor further supplementing the e-commerce software market to grow. For instance, in January 2018, several payment banks such as Paytm successfully entered into a partnership with multiple full-fledged commercial banks. Such partnerships further increasing the participation of commercial banks in e-commerce software market growth.

North America Dominates Global E-commerce Software Market with more than 30% Market Share; the Asia Pacific to Emerge as the Next Promising Market

North America accounted for the highest share in the global e-commerce software market with increasing demand for online retail in this region. The growing count of e-retailers along with increasing technology acceptance are reported as prime factors proliferating the demand for e-commerce software. Key market vendors in this region are striving to improve the purchasing experience of customers through product innovation. This observed as one of the highly adopted strategies in the overall e-commerce software market.

Asia Pacific e-commerce software market emerging as the next promising market, with a consistent rise in demand for online purchase of products and services. China, Japan, and South Asia continue to be the biggest e-commerce market, held more than 75% of the total market in 2020. The increasing count of Internet users and e-commerce companies further driving the e-commerce software market in this region. With a rising number of companies selling online along with increasing disposable income, the Asia Pacific e-commerce software market anticipated witnessing significant growth in the coming years.

Strategic Partnership Remains Key Strategy in Global E-commerce Software Market

Strategic business partnership with big companies observed as one of the highly adopted strategies in the global e-commerce software market. More than half of all e-commerce software market vendors are already involved in active partnerships with large firms operating in e-commerce. Retail, automotive, utility sectors are reported for the highest adoption of this strategy in recent years. For instance, in June 2018, Carrefour S.A., a leading multinational e-commerce retailer has signed a strategic partnership with Google LLC to accelerate the digital transformation of one of the world's largest retailers by revenue. This partnership will result in a customer experiencing effective shopping of Carrefour products through Google Assistant, by 2019. Many other companies are engaging in such partnerships to improve their product reach across different geographic regions.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of E-commerce Software market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the E-commerce Software market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Segmentation

Deployment Model

  • Software-as-a-Service
  • On-premise

End-use

  • Retail
  • Automotive
  • BFSI
  • Travel & Tourism
  • Healthcare
  • Utilities
  • Logistics

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of E-commerce Software market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the E-commerce Software market?
  • Which is the largest regional market for E-commerce Software market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving E-commerce Software market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the E-commerce Software market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global E-commerce Software Market
2.2. Global E-commerce Software Market, By Deployment Model, 2021 (US$ Million)
2.3. Global E-commerce Software Market, By End-use, 2021 (US$ Million)
2.4. Global E-commerce Software Market, By Geography, 2021 (US$ Million)
2.5. Impact of Covid 19
2.6. Attractive Investment Proposition by Geography, 2021
2.7. Competitive Analysis
2.7.1. Market Positioning of Key E-commerce Software Market Vendors
2.7.2. Strategies Adopted by E-commerce Software Market Vendors
2.7.3. Key Industry Strategies
3. E-commerce Software Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global E-commerce Software Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. E-commerce Software Market: By Deployment Model, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Software-as-a-Service
4.3.2. On-premise
5. E-commerce Software Market: By End-use, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Retail
5.3.2. Automotive
5.3.3. BFSI
5.3.4. Travel & Tourism
5.3.5. Healthcare
5.3.6. Utilities
5.3.7. Logistics
6. North America E-commerce Software Market, 2020-2030, USD (Million)
6.1. Market Overview
6.2. E-commerce Software Market: By Deployment Model, 2020-2030, USD (Million)
6.3. E-commerce Software Market: By End-use, 2020-2030, USD (Million)
6.4.E-commerce Software Market: By Region, 2020-2030, USD (Million)
6.4.1.North America
6.4.1.1. U.S.
6.4.1.2. Canada
6.4.1.3. Rest of North America
7. UK and European Union E-commerce Software Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. E-commerce Software Market: By Deployment Model, 2020-2030, USD (Million)
7.3. E-commerce Software Market: By End-use, 2020-2030, USD (Million)
7.4.E-commerce Software Market: By Region, 2020-2030, USD (Million)
7.4.1.UK and European Union
7.4.1.1. UK
7.4.1.2. Germany
7.4.1.3. Spain
7.4.1.4. Italy
7.4.1.5. France
7.4.1.6. Rest of Europe
8. Asia Pacific E-commerce Software Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. E-commerce Software Market: By Deployment Model, 2020-2030, USD (Million)
8.3. E-commerce Software Market: By End-use, 2020-2030, USD (Million)
8.4.E-commerce Software Market: By Region, 2020-2030, USD (Million)
8.4.1.Asia Pacific
8.4.1.1. China
8.4.1.2. Japan
8.4.1.3. India
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Rest of Asia Pacific
9. Latin America E-commerce Software Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. E-commerce Software Market: By Deployment Model, 2020-2030, USD (Million)
9.3. E-commerce Software Market: By End-use, 2020-2030, USD (Million)
9.4.E-commerce Software Market: By Region, 2020-2030, USD (Million)
9.4.1.Latin America
9.4.1.1. Brazil
9.4.1.2. Mexico
9.4.1.3. Rest of Latin America
10. Middle East and Africa E-commerce Software Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. E-commerce Software Market: By Deployment Model, 2020-2030, USD (Million)
10.3. E-commerce Software Market: By End-use, 2020-2030, USD (Million)
10.4.E-commerce Software Market: By Region, 2020-2030, USD (Million)
10.4.1.Middle East and Africa
10.4.1.1. GCC
10.4.1.2. Africa
10.4.1.3. Rest of Middle East and Africa
11. Company Profile
11.1. Oracle Corporation
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Portfolio
11.1.4. Strategic Initiatives
11.2. Belavier Commerce, LLC
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Portfolio
11.2.4. Strategic Initiatives
11.3. Magento, Inc.
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Portfolio
11.3.4. Strategic Initiatives
11.4. CS-CART
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Portfolio
11.4.4. Strategic Initiatives
11.5. SAP SE
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Portfolio
11.5.4. Strategic Initiatives
11.6. Chetu, Inc.
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Portfolio
11.6.4. Strategic Initiatives
11.7. Vendio Services, Inc.
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Portfolio
11.7.4. Strategic Initiatives
11.8. BigCommerce Pty. Ltd.
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Portfolio
11.8.4. Strategic Initiatives
11.9. Ability Commerce
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Portfolio
11.9.4. Strategic Initiatives
11.10. Infusionsoft, Inc.
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Portfolio
11.10.4. Strategic Initiatives
11.11. Volusion, LLC
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Portfolio
11.11.4. Strategic Initiatives
11.12. Brightpearl Ltd.
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. Product Portfolio
11.12.4. Strategic Initiatives
11.13. Automottic, Inc.
11.13.1. Company Overview
11.13.2. Financial Performance
11.13.3. Product Portfolio
11.13.4. Strategic Initiatives
11.14. EPiServer Group AB
11.14.1. Company Overview
11.14.2. Financial Performance
11.14.3. Product Portfolio
11.14.4. Strategic Initiatives
11.15. Kiva Logic, LLC
11.15.1. Company Overview
11.15.2. Financial Performance
11.15.3. Product Portfolio
11.15.4. Strategic Initiatives
11.16. Pepperi Ltd.
11.16.1. Company Overview
11.16.2. Financial Performance
11.16.3. Product Portfolio
11.16.4. Strategic Initiatives
11.17. IBM Corporation
11.17.1. Company Overview
11.17.2. Financial Performance
11.17.3. Product Portfolio
11.17.4. Strategic Initiatives
List of Figures
Figure 1 Global E-commerce Software Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global E-commerce Software Market: Quality Assurance
Figure 5 Global E-commerce Software Market, By Deployment Model, 2021
Figure 6 Global E-commerce Software Market, By End-use, 2021
Figure 7 Global E-commerce Software Market, By Geography, 2021
Figure 8 Global E-commerce Software Market, By Deployment Model, 2021 Vs 2030, %
Figure 9 Global E-commerce Software Market, By End-use, 2021 Vs 2030, %
Figure 10 U.S. E-commerce Software Market (US$ Million), 2020 - 2030
Figure 11 Canada E-commerce Software Market (US$ Million), 2020 - 2030
Figure 12 Rest of North America E-commerce Software Market (US$ Million), 2020 - 2030
Figure 13 UK E-commerce Software Market (US$ Million), 2020 - 2030
Figure 14 Germany E-commerce Software Market (US$ Million), 2020 - 2030
Figure 15 Spain E-commerce Software Market (US$ Million), 2020 - 2030
Figure 16 Italy E-commerce Software Market (US$ Million), 2020 - 2030
Figure 17 France E-commerce Software Market (US$ Million), 2020 - 2030
Figure 18 Rest of Europe E-commerce Software Market (US$ Million), 2020 - 2030
Figure 19 China E-commerce Software Market (US$ Million), 2020 - 2030
Figure 20 Japan E-commerce Software Market (US$ Million), 2020 - 2030
Figure 21 India E-commerce Software Market (US$ Million), 2020 - 2030
Figure 22 Australia E-commerce Software Market (US$ Million), 2020 - 2030
Figure 23 South Korea E-commerce Software Market (US$ Million), 2020 - 2030
Figure 24 Rest of Asia E-commerce Software Market (US$ Million), 2020 - 2030
Figure 25 Brazil E-commerce Software Market (US$ Million), 2020 - 2030
Figure 26 Mexico E-commerce Software Market (US$ Million), 2020 - 2030
Figure 27 Rest of Latin America E-commerce Software Market (US$ Million), 2020 - 2030
Figure 28 GCC E-commerce Software Market (US$ Million), 2020 - 2030
Figure 29 Africa E-commerce Software Market (US$ Million), 2020 - 2030
Figure 30 Rest of Middle East and Africa E-commerce Software Market (US$ Million), 2020 - 2030
List of Tables
Table 1 Global E-commerce Software Market By Deployment Model, 2020-2030, USD (Million)
Table 2 Global E-commerce Software Market By End-use, 2020-2030, USD (Million)
Table 3 North America E-commerce Software Market By Deployment Model, 2020-2030, USD (Million)
Table 4 North America E-commerce Software Market By End-use, 2020-2030, USD (Million)
Table 5 UK and European Union E-commerce Software Market By Deployment Model, 2020-2030, USD (Million)
Table 6 UK and European Union E-commerce Software Market By End-use, 2020-2030, USD (Million)
Table 7 Asia Pacific E-commerce Software Market By Deployment Model, 2020-2030, USD (Million)
Table 8 Asia Pacific E-commerce Software Market By End-use, 2020-2030, USD (Million)
Table 9 Latin America E-commerce Software Market By Deployment Model, 2020-2030, USD (Million)
Table 10 Latin America E-commerce Software Market By End-use, 2020-2030, USD (Million)
Table 11 Middle East and Africa E-commerce Software Market By Deployment Model, 2020-2030, USD (Million)
Table 12 Middle East and Africa E-commerce Software Market By End-use, 2020-2030, USD (Million)

Companies Mentioned

  • Oracle Corporation
  • Belavier Commerce LLC
  • Magento Inc.
  • CS-CART
  • SAP SE
  • Chetu Inc.
  • Vendio Services Inc.
  • BigCommerce Pty. Ltd.
  • Ability Commerce
  • Infusionsoft Inc.
  • Volusion LLC
  • Brightpearl Ltd.
  • Automottic Inc.
  • EPiServer Group AB
  • Kiva Logic LLC
  • Pepperi Ltd.
  • IBM Corporation