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E-commerce Software Market By Deployment Model (Software-as-a-Service, On-premise), By End-use (Retail, Healthcare, BFSI, Travel & Tourism, Logistics, Utilities, Automotive) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

"Increasing Penetration for Online Retail to ensure Positive Growth in E-commerce Software Market"

Global e-commerce software market was valued at US$ 4,467.0 Mn in 2017 and set to grow at a CAGR of 19.1% throughout the forecast period from 2018 to 2026. 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, rise in adoption of recent technologies coupled with increasing market for Software-as-a-Service has set e-commerce software market to register significant growth during the forecast period. In 2017, Global Software-as-a-Service market accounted for US$ 105.4 Bn and expected to reach US$ 132.5 Bn by 2020.

Increasing count of online stores and virtual marketplaces has ensured the growth of e-commerce software market in years to come. To avail benefits of online sales brick and mortar stores, conventional and grocery stores are increasingly shifting towards digital commerce. This factor has created the growth opportunity for 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 the attractiveness among numerous industries including automotive, consumer electronics, fashion & lifestyle and food & beverages among others.

Market Snapshot

E-commerce Software Market

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

E-commerce Software Market

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

North America accounted for the highest share in global e-commerce software market with increasing demand for online retail in this region. 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 purchasing experience of customers through product innovation. This observed as one of the highly adopted strategies in overall e-commerce software market.

Asia Pacific e-commerce software market emerging as next promising market, with 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 total market in 2017. Increasing count of Internet users and e-commerce companies further driving e-commerce software market in this region. With rise in number of companies selling online along with increasing disposable income, Asia Pacific e-commerce software market anticipated to witness significant growth in coming years.

E-commerce Software Market

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

E-commerce Software Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.

Report Scope by Segments     

The e-commerce software market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global e-commerce software market based on deployment model along with end-use and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 Deployment Model Segment (2016—2026; US$ Mn)
 • Software-as-a-Service
 • On-premise

 End-use Segment (2016—2026; US$ Mn)
 • Retail
 • Automotive
 • BFSI
 • Travel & Tourism
 • Healthcare
 • Utilities
 • Logistics

 Geography Segment (2016–2026; US$ Mn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

  • What was the market size of e-commerce software in 2017 and forecast up to 2026?
  • Which is the largest regional market for e-commerce software?
  • What are the key market trends observed in the e-commerce software market?
  • Which is the most promising segment by end-use and deployment model in e-commerce software market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in market?

Unique data points of this report

  • Statistics on adoption of e-commerce software by end-use segment per region
  • Statistics on online retail sector across different geographic regions
  • The market size for e-commerce software market has been calculated on concrete parameters including adoption of e-commerce across all the geographies
  • In addition, changing dynamics in e-commerce industry across different geographies have been considered for estimating the growth rate and forecast market size
  • Comparative scenario for all the segments for years 2017 (actual) and 2026 (forecast)
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Published Date:  Sep 2018
Category:  IT & Telecom
Report ID:   59307
Report Format:   PDF
Pages:   120
Rating:    4.2 (66)
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