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E-Commerce Software Market Overview

The global E-Commerce Software Market was valued at USD 5.75 Billion in 2023 and is expected to reach USD 19.73 Billion by the year 2032, at a CAGR of 14.68%

E-commerce software is a tool or engine for controlling and managing inventory, adding and removing goods, calculating taxes, processing payments, maintaining an e-commerce website, and fulfilling orders. E-commerce software allows consumers and companies to simplify online retailers' multifaceted and dynamic operations and processes. Also, with the aid of E-commerce software apps, several small, medium, and large companies are focused on providing the best possible shopping experience. Catalog management, channel management, customer accounts, email marketing, inventory management, loyalty program management, and multi-store management are all applications that e-commerce software help companies handle easily and efficiently.

Applications allow e-commerce software to automate shipping and taxes while also simplifying marketing. Furthermore, e-commerce software vendors are providing applications that can integrate with a variety of enterprise software, such as ERP, accounting software, 3PL, social media, and customer relationship management (CRM), to provide companies with an all-in-one platform. E-commerce software also includes features such as custom e-commerce content management systems (CMS), security, and E-commerce software point-of-sale (POS) creation. Customers may also customize the delivery date and time with the app, which improves the customer experience. Artificial Intelligence (AI) tools are being integrated by companies like Shopify to help retailers evaluate consumer purchasing trends and predict future demand for different goods.

E-Commerce Software Market | In-Deep Industry Analysis Report

Trend Analysis

Internet expansion will boost eCommerce platform adoption and drive market growth

  • Over the past two decades, the Internet has fundamentally transformed global society, affecting various facets of life, from personal interactions to business operations. The rapid adoption of high-tech innovations and the proliferation of mobile phones have revolutionized communication, making it more instantaneous and accessible. This digital evolution has seamlessly integrated into everyday life, leading to a substantial shift in how people live, shop, socialize, and entertain themselves. The widespread availability of high-speed Internet has facilitated the rise of e-commerce, allowing businesses to reach a broader audience and consumers to access products and services with unprecedented convenience.
  • The growth of e-commerce has been significantly fueled by the increasing use of the Internet. Online platforms have become essential tools for both businesses and consumers, streamlining transactions and providing a diverse range of options at the fingertips of users. This expansion has simplified the process of buying and selling and created new opportunities for businesses to innovate and compete in a global marketplace. As digital technology continues to advance, the role of e-commerce is likely to become even more prominent, further enhancing the efficiency and scope of online business activities. This ongoing digital revolution underscores the critical role of the Internet in shaping modern economic and social landscapes.

Surge in Investment in the eCommerce Sector

  • The surge in digital literacy has significantly accelerated investments in eCommerce, creating a dynamic landscape ripe with opportunities for both new and established players. As digital literacy improves globally, consumers increasingly turn to online platforms for their shopping needs, driving a wave of investment into eCommerce firms. This influx of capital allows platforms to engage in extensive research and development, enabling them to integrate cutting-edge technologies such as artificial intelligence and machine learning. These technologies enhance customer experiences through personalized recommendations and streamlined services, setting the stage for innovative disruptions in traditional retail models. With increased funding, eCommerce platforms can expand their operations into emerging markets, tapping into new consumer bases and diversifying their service offerings to include advanced logistics and personalized shopping solutions.
  • The capital infusion empowers eCommerce firms to bolster their infrastructure and scalability. By investing in robust digital frameworks and optimizing supply chain operations, these platforms can handle larger volumes of transactions and provide seamless user experiences across various devices. Enhanced marketing efforts, supported by data-driven strategies, enable more effective customer engagement and brand building. Collaboration with other businesses, such as tech startups and logistics companies, further strengthens their market position. Moreover, the growth of the eCommerce sector translates into job creation, from tech development roles to logistics and customer service positions, contributing positively to the economy. This multi-faceted investment approach not only drives innovation but also fosters a competitive environment that benefits consumers and businesses alike.

Key Market Dynamics

  • Because of the growing popularity of mobile phones for online shopping, companies like Shopify have customized their apps to work on these devices. With such a high rate of internet penetration and an increasing number of smartphone users, online shopping on these devices is only going to become more common. Over the forecast period, the growing number of e-tailers is expected to drive up demand for e-commerce apps. E-tailers do not need to own or rent a physical store to offer their goods and services to consumers via online platforms. As compared to other retailers, their reliance on e-commerce sites is strong. However, data protection concerns arising from rising cyber-attacks are expected to pose a challenge to the e-commerce software industry.
  • Various governments have imposed strict lockdown legislation to avoid the spread of the COVID-19 virus in the wake of the outbreak. Shops, malls, and other shopping outlets have closed, resulting in bulk purchases made via online platforms. Shopping for all but life-essential items are becoming the new standard. To meet a rise in demand for these items, retailers are changing their business strategies. This factor is expected to have a long-term positive impact on the development of the e-commerce software industry. Even after the lockout restrictions are lifted, the online shopping trend is expected to continue. As a result of this aspect, E-commerce software market participants are employing a variety of strategies to increase their customer base.

Market Segmentation

Cloud Segment To Contribute Largest Revenue Share

The cloud segment accounted for the largest share of E-commerce software market. This can be due to the growing use of cloud-based technology in a variety of industries. High storage space, unified access, high speed, and reliability are all advantages of cloud-based deployment. Furthermore, major market players such as Oracle, SAP SE, and Adobe are concentrating heavily on cloud-based solutions.

Clothing And Fashion Segment To Dominate The Market

The clothing and fashion segment had the largest share of the e-commerce software industry, accounting for 40.3%. This is due to the rising popularity of online clothes, bag and accessory shopping, and jewelry shopping. Clothing retailers have embraced online channels to broaden their consumer base due to low digital entry barriers.

E-commerce Software Market Segmentation

Based on Industry, E-commerce software market can be distributed across consumer electronics, food & beverage, fashion & lifestyle, media & entertainment, and automotive. By deployment type, E-commerce software market can be divided into cloud and on-premise. Based on application, E-commerce software market can be classified into catalog management, email marketing, channel management, multi-store management, and order management. By end-user, the market can be divided into brick & mortar stores, grocery, e-commerce, and c-store. Based on regions, E-commerce software market can be segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa.

Regional Outlook of E-commerce Software Market

Owing to the presence of major industry players such as Oracle Corporation, Shopify, and Salesforce.com, Inc., North America held the largest E-commerce software market share. Also, increasing e-commerce revenues in the United States are pushing up demand for e-commerce software among a variety of retailers. Retailers are also introducing new products and heavily investing in e-commerce software to achieve a strategic edge in their respective industries. During the forecast period, Asia Pacific is expected to have the highest CAGR, exceeding 18.0%. This increase can be attributed to government initiatives in countries such as China and India to encourage digitalization in their respective countries. The high rate of internet penetration has provided a huge opportunity for the E-commerce software sector to develop.

Players Covered in E-Commerce Software Market are :

  • PEPPERI
  • Belavier Commerce LLC
  • Magento Inc.
  • CS-CART
  • SAP SE
  • Chetu Inc.
  • Vendio Services Inc.
  • BigCommerce Pty. Ltd.
  • Ability Commerce
  • Infusionsoft
  • Volusion LLC
  • Brightpearl
  • Automattic Inc.
  • Episerver group
  • Kiva Logic LLC and other major players.

Key Industry Developments

  • In April 2023, Square announced a major product release in April 2023, which included over 100 new features across its entire product ecosystem. The new features are designed to help businesses automate their operations, increase revenue, and provide a better customer experience. Square is committed to providing businesses with the tools they need to succeed, and this release is a significant step in that direction.
  • In May 2023, Cardinal Health introduced new payment solutions in collaboration with Square to support independent pharmacies. These modern payment solutions aim to enhance operational efficiency, keep up with customer payment preferences, and provide integrated software tools for business management. Through this partnership with Square, Cardinal Health can offer independent pharmacy customers access to cutting-edge products that facilitate seamless business operations management.

Global E-Commerce Software Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 5.75 Bn.

Forecast Period 2024-32 CAGR:

14.68%

Market Size in 2032:

USD 19.73 Bn.

Segments Covered:

By Type

  • Cloud
  • On-premise

By Application

  • Apparel & Fashion
  • Food & Beverage
  • Automotive
  • Home & Electronics
  • Healthcare
  • BFSI & Technology
  • Other

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The Growing Number of E-Tailers

Key Market Restraints:

  • Data Protection Concerns Arising from Rising Cyber-Attacks

Key Opportunities:

  • Development of New features in E-commerce software

Companies Covered in the report:

  • PEPPERI, Belavier Commerce LLC, Magento Inc., CS-CART, SAP SE, Chetu Inc, and Other Major Players

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: E-Commerce Software Market by Type
 5.1 E-Commerce Software Market Overview Snapshot and Growth Engine
 5.2 E-Commerce Software Market Overview
 5.3 Cloud
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Cloud: Grographic Segmentation
 5.4 On-premise
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 On-premise: Grographic Segmentation

Chapter 6: E-Commerce Software Market by Application
 6.1 E-Commerce Software Market Overview Snapshot and Growth Engine
 6.2 E-Commerce Software Market Overview
 6.3 Apparel & Fashion
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Apparel & Fashion: Grographic Segmentation
 6.4 Food & Beverage
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Food & Beverage: Grographic Segmentation
 6.5 Automotive
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Automotive: Grographic Segmentation
 6.6 Home & Electronics
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Home & Electronics: Grographic Segmentation
 6.7 Healthcare
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Healthcare: Grographic Segmentation
 6.8 BFSI & Technology
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size (2017-2032F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 BFSI & Technology: Grographic Segmentation
 6.9 Other
  6.9.1 Introduction and Market Overview
  6.9.2 Historic and Forecasted Market Size (2017-2032F)
  6.9.3 Key Market Trends, Growth Factors and Opportunities
  6.9.4 Other: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 E-Commerce Software Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 E-Commerce Software Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 E-Commerce Software Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 PEPPERI
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 BELAVIER COMMERCE LLC
 7.4 MAGENTO INC.
 7.5 CS-CART
 7.6 SAP SE
 7.7 CHETU INC.
 7.8 VENDIO SERVICES INC.
 7.9 BIGCOMMERCE PTY. LTD.
 7.10 ABILITY COMMERCE
 7.11 INFUSIONSOFT
 7.12 VOLUSION LLC
 7.13 BRIGHTPEARL
 7.14 AUTOMATTIC INC.
 7.15 EPISERVER GROUP
 7.16 KIVA LOGIC LLC
 7.17 OTHER MAJOR PLAYERS

Chapter 8: Global E-Commerce Software Market Analysis, Insights and Forecast, 2017-2032
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Type
  8.2.1 Cloud
  8.2.2 On-premise
 8.3 Historic and Forecasted Market Size By Application
  8.3.1 Apparel & Fashion
  8.3.2 Food & Beverage
  8.3.3 Automotive
  8.3.4 Home & Electronics
  8.3.5 Healthcare
  8.3.6 BFSI & Technology
  8.3.7 Other

Chapter 9: North America E-Commerce Software Market Analysis, Insights and Forecast, 2017-2032
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Cloud
  9.4.2 On-premise
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Apparel & Fashion
  9.5.2 Food & Beverage
  9.5.3 Automotive
  9.5.4 Home & Electronics
  9.5.5 Healthcare
  9.5.6 BFSI & Technology
  9.5.7 Other
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe E-Commerce Software Market Analysis, Insights and Forecast, 2017-2032
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Cloud
  10.4.2 On-premise
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Apparel & Fashion
  10.5.2 Food & Beverage
  10.5.3 Automotive
  10.5.4 Home & Electronics
  10.5.5 Healthcare
  10.5.6 BFSI & Technology
  10.5.7 Other
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific E-Commerce Software Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Cloud
  11.4.2 On-premise
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Apparel & Fashion
  11.5.2 Food & Beverage
  11.5.3 Automotive
  11.5.4 Home & Electronics
  11.5.5 Healthcare
  11.5.6 BFSI & Technology
  11.5.7 Other
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa E-Commerce Software Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Cloud
  12.4.2 On-premise
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Apparel & Fashion
  12.5.2 Food & Beverage
  12.5.3 Automotive
  12.5.4 Home & Electronics
  12.5.5 Healthcare
  12.5.6 BFSI & Technology
  12.5.7 Other
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America E-Commerce Software Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Cloud
  13.4.2 On-premise
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Apparel & Fashion
  13.5.2 Food & Beverage
  13.5.3 Automotive
  13.5.4 Home & Electronics
  13.5.5 Healthcare
  13.5.6 BFSI & Technology
  13.5.7 Other
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

 

Global E-Commerce Software Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 5.75 Bn.

Forecast Period 2024-32 CAGR:

14.68%

Market Size in 2032:

USD 19.73 Bn.

Segments Covered:

By Type

  • Cloud
  • On-premise

By Application

  • Apparel & Fashion
  • Food & Beverage
  • Automotive
  • Home & Electronics
  • Healthcare
  • BFSI & Technology
  • Other

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The Growing Number of E-Tailers

Key Market Restraints:

  • Data Protection Concerns Arising from Rising Cyber-Attacks

Key Opportunities:

  • Development of New features in E-commerce software

Companies Covered in the report:

  • PEPPERI, Belavier Commerce LLC, Magento Inc., CS-CART, SAP SE, Chetu Inc, and Other Major Players
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Frequently Asked Questions :

What would be the forecast period in the E-Commerce Software Market research report?

The forecast period in the E-Commerce Software Market research report is 2024-2032

Who are the key players in E-Commerce Software Market?

PEPPERI, Belavier Commerce LLC, Magento Inc., CS-CART, SAP SE, Chetu Inc., and Other Major Players.

What are the segments of E-Commerce Software Market?

E-Commerce Software Market is segmented into Type, Application, and region. By Type, the market is categorized into Cloud, On-premise. By Application, the market is categorized into Apparel & Fashion, Food & Beverage, Automotive, Home & Electronics, Healthcare, BFSI & Technology, Other. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the E-Commerce Software Market?

E-commerce software is a tool or engine for controlling and managing inventory, adding and removing goods, calculating taxes, processing payments, maintaining an e-commerce website, and fulfilling orders.

How big is E-Commerce Software Market?

The global E-Commerce Software Market was valued at USD 5.75 Billion in 2023 and is expected to reach USD 19.73 Billion by the year 2032, at a CAGR of 14.68%