In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
Request InsightsPurchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively. Request Insights
E-commerce software and platform provides effective solution to the online stores. Further, the main features of ecommerce software and platform are shopping cart software, shopping cart solution, online store builder, ecommerce website builder and others. Apart from this, ecommerce software and platform operates with an integrated shopping cart, search engine optimization (SEO), email marketing, analytics and others.
The global e-commerce software and platform market is expected to expand at a robust CAGR over the forecast period i.e. 2018-2027. Factor such as high disposable income coupled with growth on consumer spending on clothing is anticipated to increase the growth of global ecommerce software and platform market over the forecast period. Moreover, ecommerce industry has grown remarkably well in the previous years and is likely to witness exponential growth in the upcoming years.
The market is segmented in five major regions including North America, Asia Pacific, Europe, Middle East & Africa and Latin America regions. Among these regions, Asia Pacific is projected to dominate the overall ecommerce software and platform market during the forecast period. Rise in number of business establishments is providing many opportunities for the e-commerce software & platform service providers. This factor is expected to positively impact the growth of e-commerce software and platform market over the forecast period.
North America e-commerce software and platform market is poised to grow at a poised rate over the upcoming years. Rising number of startup establishments across the region is fostering the growth of global ecommerce software and platform market over the forecast period. Europe region is expected to observe outstanding growth in the upcoming years. Increasing consumer spending and increasing number of e-shoppers is anticipated to drive the growth of global ecommerce software and platform market over the upcoming years.
Based on software & platform type, e-commerce software and platform market is segmented into, commerce, order management, business intelligence, shipping and others, out of which, commerce is accounted for the largest market share in overall global ecommerce software and platform market over the forecast period.CLICK TO DOWNLOAD FREE SAMPLE
Our in-depth analysis has segmented global ecommerce software and platform market into the following segments:
Global ecommerce software and platform market is further classified on the basis of region as follows:
According to Ecommerce Foundation, U.S. ecommerce turnover was held to be USD 595.1 Billion in 2015. This factor is anticipated to positively impact the growth of global ecommerce software and platform market over the forecast period. Further, rising trend of online stores and e-shoppers is expected to positively drive the growth of the global ecommerce software and platform market over the upcoming years.
In addition, the demand for business travels is increasing in the North America due to the rise in travel & tourism industry. This factor is anticipated to be the dynamic factor behind the growth of the global ecommerce software and platform market over the forecast period. Further, global ecommerce market is believed to benefit from rapid urbanization and rising disposable income of the people over the upcoming years.
Apart from this, government of various nations are promoting and encouraging startup establishments. This factor is expected to drive the growth of global e-commerce software and platform market over the forecast period. Moreover, increasing penetration of smartphone and growth in internet connectivity across the globe is expected to robust the growth of the global ecommerce software and platform market over the forecast period.
However, high cost of advanced such as hybrid and cloud based software and low internet penetration rate in undeveloped countries are some of the key factors which are expected to limit the growth of global ecommerce software and platform market over the forecast period.
Overview of the Parent Market
Analyst View
Segmentation
The global ecommerce software and platform market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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