ESOMAR-certified global market research and consulting firm, Future Market Insights (FMI) has recently published an exhaustive report on the global digital commerce platform market. According to the study, global digital commerce platform market is likely to surge at over 14% CAGR through 2029, with SME adoption in SME segment driving growth. Over the years, e-commerce has… Read More »Digital Commerce Platform Market Healthy Pace throughout the Forecast during 2020-2029
ESOMAR-certified global
market research and consulting firm, Future Market Insights (FMI) has recently
published an exhaustive report on the global digital commerce
platform market. According to the study, global digital commerce platform
market is likely to surge at over 14% CAGR through 2029, with SME adoption in
SME segment driving growth.
Over the years, e-commerce has made significant strides, with
consumers spending over US$ 3 trillion on online purchases as of the previous
financial year. This number has expanded nearly sevenfold as of today. This is
welcome development for prominent digital solution platform providers in the
coming years.
To
Get Sample Copy of Report Visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12889
Of specific importance is the emergence of subscription-based
e-commerce platforms, particularly in the media & entertainment segment, is
generating lucrative expansion opportunities.
Key Takeaways
- Global digital commerce platform market to surge at nearly 14%
value CAGR through 2029 - Design & implementation services to register maximum incline
by component type - High uptake is likely across small & medium enterprises,
expanding at over 14% volume CAGR through 2029 - Consumer electronics sales to witness maximum expansion,
followed by fashion & apparel products - North America to remain the dominant digital commerce market,
East Asia to expand the fastest
“Prominent
manufacturers are emphasizing on offering diversified shopping channel
experience, with reliance on social media as a primary marketing source for
their products and services, greatly enhancing their revenue prospects,”
comments the FMI analyst.
COVID-19 Impact Analysis
As the COVID-19 pandemic
tightens its grip on the global economy, businesses are increasingly relying on
virtual platforms to conduct their operations. Since the pandemic’s onset,
global e-commerce sales figures have aggrandized. The United States, for
instance, is likely to experience over 40% e-commerce by 2020-end.
The overall impact of the
pandemic crisis is highly diffused. While categories such as ICT/electronics,
pharmaceuticals, PPE and groceries have surged, segments such as sports
equipment, formal clothing and travel & tourism have witnessed substantial
decline. In South Korea, e-commerce transaction value rose by nearly 16%
between July 2019 and July 2020.
The trend of online buying is
expected to outlast the COVID-19 pandemic, with consumers finding it highly
convenient to make online purchases and greater access to internet devices.
Although vaccine administration has begun, it will be a while before it is
available globally, prompting consumers to observe social distancing protocols.
For More Details,
Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-12889
Competitive Landscape
Leading players in the global
digital commerce platforms market are leveraging the ever expanding global
virtual space to introduce technologically sophisticated solutions to potential
clients. These players offer both B2B and B2C solutions to retain a broader
customer base.
For instance, in July 2020,
Unilog Content Solutions announced a partnership with Acumatica to offer the
Acumatica Marketplace platform through which reselling partners can avail
access to complimentary applications to enhance functionality of B2B e-Commerce
solutions.
Similarly, in October 2020,
Kentico Software launched the Kentico Xperience 13 digital experience platform
for marketers and developers with new updates and features. The release is part
and parcel of its rebranding of the Kentico EMS product to enhance content
management, commerce and digital marketing capabilities.
More Valuable Insights on Digital Commerce Platform Market
In its latest report, Future
Market Insights offers an unbiased analysis of the global digital commerce
platform market, providing historical data for period of 2014-2018 and forecast
statistics for the period of 2019-2029. To understand opportunities in the
digital commerce platform market, the market is segmented on the basis of
component (solution, services), enterprise size (small and medium enterprises,
large enterprises), and end-use industry (food & beverages, fashion &
apparel, health & beauty, electronics, home & furniture, automotive,
media & entertainment, others), across seven major regions.
ESOMAR-certified global
market research and consulting firm, Future Market Insights (FMI) has recently
published an exhaustive report on the global digital commerce
platform market. According to the study, global digital commerce platform
market is likely to surge at over 14% CAGR through 2029, with SME adoption in
SME segment driving growth.
Over the years, e-commerce has made significant strides, with
consumers spending over US$ 3 trillion on online purchases as of the previous
financial year. This number has expanded nearly sevenfold as of today. This is
welcome development for prominent digital solution platform providers in the
coming years.
To
Get Sample Copy of Report Visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12889
Of specific importance is the emergence of subscription-based
e-commerce platforms, particularly in the media & entertainment segment, is
generating lucrative expansion opportunities.
Key Takeaways
- Global digital commerce platform market to surge at nearly 14%
value CAGR through 2029 - Design & implementation services to register maximum incline
by component type - High uptake is likely across small & medium enterprises,
expanding at over 14% volume CAGR through 2029 - Consumer electronics sales to witness maximum expansion,
followed by fashion & apparel products - North America to remain the dominant digital commerce market,
East Asia to expand the fastest
“Prominent
manufacturers are emphasizing on offering diversified shopping channel
experience, with reliance on social media as a primary marketing source for
their products and services, greatly enhancing their revenue prospects,”
comments the FMI analyst.
COVID-19 Impact Analysis
As the COVID-19 pandemic
tightens its grip on the global economy, businesses are increasingly relying on
virtual platforms to conduct their operations. Since the pandemic’s onset,
global e-commerce sales figures have aggrandized. The United States, for
instance, is likely to experience over 40% e-commerce by 2020-end.
The overall impact of the
pandemic crisis is highly diffused. While categories such as ICT/electronics,
pharmaceuticals, PPE and groceries have surged, segments such as sports
equipment, formal clothing and travel & tourism have witnessed substantial
decline. In South Korea, e-commerce transaction value rose by nearly 16%
between July 2019 and July 2020.
The trend of online buying is
expected to outlast the COVID-19 pandemic, with consumers finding it highly
convenient to make online purchases and greater access to internet devices.
Although vaccine administration has begun, it will be a while before it is
available globally, prompting consumers to observe social distancing protocols.
For More Details,
Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-12889
Competitive Landscape
Leading players in the global
digital commerce platforms market are leveraging the ever expanding global
virtual space to introduce technologically sophisticated solutions to potential
clients. These players offer both B2B and B2C solutions to retain a broader
customer base.
For instance, in July 2020,
Unilog Content Solutions announced a partnership with Acumatica to offer the
Acumatica Marketplace platform through which reselling partners can avail
access to complimentary applications to enhance functionality of B2B e-Commerce
solutions.
Similarly, in October 2020,
Kentico Software launched the Kentico Xperience 13 digital experience platform
for marketers and developers with new updates and features. The release is part
and parcel of its rebranding of the Kentico EMS product to enhance content
management, commerce and digital marketing capabilities.
More Valuable Insights on Digital Commerce Platform Market
In its latest report, Future
Market Insights offers an unbiased analysis of the global digital commerce
platform market, providing historical data for period of 2014-2018 and forecast
statistics for the period of 2019-2029. To understand opportunities in the
digital commerce platform market, the market is segmented on the basis of
component (solution, services), enterprise size (small and medium enterprises,
large enterprises), and end-use industry (food & beverages, fashion &
apparel, health & beauty, electronics, home & furniture, automotive,
media & entertainment, others), across seven major regions.
