Global E-Commerce Platforms Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global E-Commerce Platforms Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An e-commerce platform is a comprehensive software tool that allows merchants to build and manage a digital storefront for their products or services. Run the e-commerce business on a single, unified platform. Manage e-commerce products and services.

Market Overview:

The latest research study on the global E-Commerce Platforms Software market finds that the global E-Commerce Platforms Software market reached a value of USD 5790.34 million in 2022. It’s expected that the market will achieve USD 10704.76 million by 2028, exhibiting a CAGR of 10.78% during the forecast period.

Opportunities

Everybody is jumping on the omnichannel bandwagon. As mobile devices empower everybody to shop freely, regardless of time and place, traditional retailers of all sizes have been engaged in a digitization race of epic proportions. Equally impressive is the number of e-tail ventures that avoid the brick & mortar model altogether.
Since 2018, the global cross-border e-commerce industry has continued to develop. In 2018, the global B2C cross-border e-commerce transaction scale increased by 27.5% compared with last year. It is expected to exceed 800 billion US dollars in 2019. The global cross-border online shopping penetration rate reached 51.2%, including the Middle East. Consumers using cross-border e-commerce for online shopping accounted for the highest proportion of online shoppers in the Middle East, reaching 70%. Apparel shoes and hats are the most popular category for consumers to purchase through cross-border e-commerce. Western Europe is Europe's largest e-commerce market, with the highest penetration rate among cross-border online shopping in the Macedonian region and Portugal in Europe. Cross-border e-commerce accounts for 25% of the Australian e-commerce market, and Australian online shoppers prefer cross-border purchases of Anglo-American products. In Latin America, the development of e-commerce in Brazil is relatively mature, and the e-commerce in Argentina is developing rapidly. In 2018, the Expo and related policies were introduced to promote the development of cross-border e-commerce in China. The scale of cross-border e-commerce transactions in China reached 9.1 trillion yuan, and the scale of users exceeded 100 million. In 2018, 30.7% of online shopping overseas users chose it because of the good quality of overseas products, which was 7.8% higher than the first half of 2018. Over 50% of users purchased once a month. Quality is increasingly valued by online shopping overseas users, users' demand for high-quality cross-border e-commerce is gradually increasing, and high-frequency online shopping overseas brings more development opportunities for cross-border e-commerce companies.

Region Overview:

From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Shopify, Magento and IBM Digital. with the revenue market share of 11.98%, 4.00% and 3.48% in 2018.

Shopify Inc. provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.

Magento, Inc. develops and markets cloud-based commerce solutions. The company operates a digital commerce platform and offers digital and physical shopping integration solutions. It caters to merchants and brands across business-to-business (B2B) and business-to-consumer (B2) industries. Magento, Inc. was formerly known as Varien, Inc. and changed its name to Magento, Inc. in November 2010. The company was founded in 1985 and is based in Campbell, California. As of June 18, 2018, Magento, Inc. operates as a subsidiary of Adobe Inc..

Segmentation Overview:

Among different product types, Web Based segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the SMEs segment occupied the biggest share from 2018 to 2022.

Key Companies in the global E-Commerce Platforms Software market covered in Chapter 3:

Weebly
IBM Digital
3dCart
VTEX
BigCommerce
Squarespace
Salesforce
WooCommerce
PrestaShop
Shopify
Magento
Wix Stores

In Chapter 4 and Chapter 14.2, on the basis of types, the E-Commerce Platforms Software market from 2018 to 2029 is primarily split into:

Cloud Based
Web Based

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the E-Commerce Platforms Software market from 2018 to 2029 covers:

Large Enterprises
SMEs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)