Solution providers are anticipated to constantly launch novel products outfitted with present-day advancements to integrate the most sophisticated digital commerce solutions.
DUBAI, UAE / ACCESSWIRE / December 23, 2020 / Future Market Insights: The global digital commerce platform market is projected to surge at prolific CAGR of over 14% over the forecast period 2020-2029. The growth can be primarily attributed to growing preference for cloud-based platforms. As the COVID-19 outbreak increases, businesses are effectually leveraging cloud-based and on-premise digital commerce solutions to remain afloat. Moreover, growth will extend even in the post-pandemic landscape.
"Key market players are emphasizing on providing expanded shopping channel experience, with dependence on social media by way of a primary marketing source for their services and products, significantly improving their revenue prospects," comments the FMI analyst.
Request a report sample to gain comprehensive market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-12889
Digital Commerce Platform Market - Key Highlights
- North America will remain lucrative among other regions, however East Asia will record a fastest growth rate.
- Design & implementation services component type is anticipated to record maximum market share by 2029 end.
- Small & medium enterprises will be recording a volume CAGR of 14% throughout 2019-2029.
- Electronics end use industry will foresee high growth, trailed by fashion & apparel products.
Digital Commerce Platform Market - Drivers
- Increasing preference for cloud-based solutions to combine their e-commerce platforms, ascertaining increased maintenance and scalability of operational stability boosting market growth.
- The emergence of subscription-based e-commerce platforms, mainly in the media & entertainment category, is laying grounds for lucrative expansion prospects.
- As the world becomes progressively digitized, need for virtual platforms for easy business conduct is fueling companies to boost online commerce platforms.
Digital Commerce Platform Market - Restraints
- Increased instances of identity theft and cyber fraud have discouraged several consumers to pull out from the virtual landscape, thus hindering the expansion prospects.
- Lack of marketing skills exhibited by the market players owing to the nascent stage of the market can negatively impact the market growth.
For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12889
COVID-19 Impact on the Market
The COVID-19 pandemic has undeniably altered worldwide buying behavior of consumer, wherein traditional retailing has taken a backseat. An exemplar shift towards a more digitized world is evident, with prompted changes in spending habits are likely to have long-term ramifications.
As individuals are strictly following the social distancing protocols, their need to dependence on e-commerce platforms to make their purchases, indicating an optimistic expansion trajectory for the digital commerce platform market in the foreseeable years.
Competitive Landscape
Key market players in the global digital commerce platforms market are capitalizing on the ever growing worldwide virtual space to present technically sophisticated solutions to probable clients. These players provide both B2C and B2B solutions to retain a wider customer base.
Some of the key players in the market are SAP SE, Shopify Inc., Magento Commerce, Oracle Corporation, Apttus, Intershop Communications AG, Salesforce.com Inc., WooCommerce, BigCommerce, Episerver, Sitecore, Unilog Content Solutions Pvt Ltd. and Kentico Software.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-12889
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Product Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.1.1. Enterprise marketplace aggregating suppliers into bundles of products and services as per customer preference and priorities
3.1.2. Monolithic Architecture versus API-driven Architecture
3.1.3. Requirement of meaningful engagement with consumers in every channel
3.2. Product Innovation / Development Trends
3.2.1. Innovative Technologies Used in Digital Commerce Platforms
3.2.1.1. Artificial Intelligence (AI)
3.2.1.2. Machine Learning (ML)
3.2.2. Development Trends in Digital Commerce Market
3.2.2.1. In-house Development Trends
3.2.2.2. Outsourcing Trends
4. Key Success Factors
4.1. Product USPs
4.1.1. Catalog Management
4.1.2. Guided Buying/Selling
4.1.3. Product Configuration
4.1.4. Pricing
4.1.5. Analytics
4.1.6. Promotions and Rebates
4.1.7. Contract Management
4.1.8. Ordering and Billing
4.1.9. Automated and Managed Renewals
4.1.10. Usability and Mobility
4.2. Promotional Strategies
5. Global Digital Commerce Platform Market Demand Analysis 2014-2018 and Forecast, 2019-2029
5.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
5.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
Download Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-gb-12889
About the Study
The study offers readers a comprehensive assessment of the Digital Commerce Platform market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on 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 key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
Explore FMI's Coverage of the Technology Industry
Digital Risk Protection Platform Market: Obtain detailed analysis on the global digital risk protection platform market through FMI's report covering competitive analysis, key regions, and segmental analysis for 2020 - 2030.
Digital Lending Platforms Market: Get insights on the digital lending platforms market through FMI's report covering detailed quantitative and qualitative analysis for projection period 2020 - 2030.
Digital Commerce Market: FMI's exhaustive study on the global digital commerce market covers the latest trends, innovations, key players, and popular strategies for the period 2016-2026.
About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/digital-commerce-platform-market
Press Release Source: https://www.futuremarketinsights.com/press-release/digital-commerce-platform-market
SOURCE: Future Market Insights
View source version on accesswire.com:
https://www.accesswire.com/622135/Digital-Commerce-Platform-Market-is-Poised-to-Reach-US-20-Bn-Towards-2029-End-Future-Market-Insights
