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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 the e-commerce software market

The global e-commerce software market was valued at $4,467.0 million in 2017 and is expected to grow at a CAGR of 19.1% from 2018 to 2026. One of the most significant factors influencing the growth of the e-commerce software market is the increasing penetration of e-commerce from various geographical regions. Increasing per capita income along with growing Internet penetration are some more factors influencing e-commerce software market growth. Furthermore, the increased adoption of new technologies, combined with the growing market for software-as-a-service, has set the e-commerce software market to grow significantly during the forecast period. The global software-as-a-service market was worth US$ 105.4 billion in 2017 and was expected to grow to US$ 132.5 billion by 2020.

The increasing number of online stores and virtual marketplaces has ensured the growth of the e-commerce software market in the years to come. Brick-and-mortar stores, conventional and grocery stores are increasingly shifting to digital commerce to reap the benefits of online sales. This factor has created a growth opportunity for the global e-commerce software market. In addition, with enhancements in business operations through easy handling of orders and transactions along with effective product handling features, e-commerce software has increased its attractiveness among numerous industries, including automotive, consumer electronics, fashion & lifestyle, and food & beverage, among others.

Market Snapshot

BFSI Segment to Witness Growth in the 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, and 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 partnerships with large, well-known banks. This factor will contribute to the growth of the e-commerce software market. For instance, in January 2018, several payment banks, such as Paytm, successfully entered into partnerships with multiple full-fledged commercial banks. Such collaborations increase commercial banks' participation in the growth of the e-commerce software market.

North America dominates the global e-commerce software market with more than 30% market share; Asia Pacific will emerge as the next promising market.

North America accounted for the highest share of the global e-commerce software market, with increasing demand for online retail in this region. Growing e-retailer numbers, as well as increased technological acceptance, are cited as key factors driving demand for e-commerce software. Key market vendors in this region are striving to improve the purchasing experience of customers through product innovation. This is one of the most widely used strategies in the e-commerce software market as a whole.

With a consistent rise in demand for online purchases of products and services, the Asia Pacific e-commerce software market is emerging as the next promising market. China, Japan, and South Asia continue to be the biggest e-commerce markets, holding more than 75% of the total market in 2017. Increasing numbers of Internet users and e-commerce companies further drive the e-commerce software market in this region. With an increase in the number of companies selling online and rising disposable income, the Asia Pacific e-commerce software market is expected to grow significantly in the coming years.

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

Strategic business partnerships with big companies are observed as one of the most widely 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. This strategy is said to have been most prevalent in the retail, automotive, and utility sectors in recent years. For instance, in June 2018, Carrefour S.A., a leading multinational e-commerce retailer, 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 customers experiencing effective shopping for Carrefour products through Google Assistant by 2019. Many other companies are engaging in such partnerships to improve their product reach across different geographic regions.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026,considering 2017as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was 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 the global e-commerce software market based on deployment model, end-user, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of e-commerce software in 2017, and what is the 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 the e-commerce software market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in the market?

This report's distinct data points

  • Statistics on the adoption of e-commerce software by end-use segment per region
  • Statistics on the online retail sector across different geographic regions
  • The market size for e-commerce software has been calculated based on concrete parameters, including the adoption of e-commerce across all geographies.
  • In addition, changing dynamics in the 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)

Frequently Asked Question:

The market for E-commerce Software Market is expected to reach USD$ 4,467.0 Mn in 2025.

The E-commerce Software Market is expected to see significant CAGR growth over the coming years, at 19.1%.

The report is forecasted to 2018-2022.

The base year of this report is 2017.

Oracle Corporation,Belavier Commerce, LLC,Magento, Inc., CS-CART, SAP SE, Chetu, Inc. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Sep 2018
Category:  IT & Telecom
Report ID:   59307
Report Format:   PDF
Pages:   120
Rating:    4.2 (66)
Delivery Time: 24 Hours to 48 Hours   
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