Digital Commerce Platform Market : Current Analysis and Forecast (2022-2028)

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Emphasis on, Business model (Business to Consumer, Consumer to business, business to business, Consumer to consumer, and Others) Deployment (On-Premises and Cloud); Browsing method, (desktop/laptop and mobile/tablet); Payment model(card payments, bank transfers, digital wallets, cash payments, and cryptocurrencies) End-user (Food & Beverages, Fashion & Apparels, Health & Beauty, Electronics, Automotive, Home & Furniture, Media & Entertainment, Others) and Region/Country.

Detailed Analysis of COVID-19 Impact on the Digital Commerce platform market

Pages:

140

Table:

38

Figure:

95

Report ID:

UMTE211683

Geography:

Clear
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Research Methodology

Report Description

Digital Commerce platform market
Digital Commerce platform market

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The Digital Commerce Platform market is expected to register a CAGR of around 13% over the period of 2021-2027. Digital commerce is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, basically on the internet. Digital commerce is powered by the internet, where customers can access an online store to browse through, and place orders for products or services via their own devices. Increasing demand for digital commerce has prompted enterprises to invest in new digital business designs, in order to enhance customer experience. Companies are exploiting the benefits of social media platforms, in order to gather more information about customers and serve them better by understanding customer satisfaction. Digital commerce has transformed customer experience in terms of accessibility and visibility. Moreover, organizations are transforming internal processes such as ERP which has transformed the way organizations were handling various transactional, supply chain, and financial processes. An increasing number of smartphones, tablets, and broadband connections is expected to support the growth of the global digital commerce platform market in the near future. For instance, according to the OECD, there were around 472 million fixed broadband connections worldwide in the year 2021. In emerging countries such as India online sales are primarily driven by the growing adoption of portable devices.

The Majority market is held by Shopify inc. SAP SE, Oracle Corporation, Magento Commerce, Salesforce.com Inc., WooCommerce, Sitecore Kentico Software, Unilog Content Solutions Pvt Ltd, IBM Corporation.

Insights Presented in the Report

“Amongst business model, business to consumer category accounted for the majority share in the market in 2020”

Based on business model, the market is segmented into, business to consumer, consumer to business, business to business, and consumer to consumer and others. The business-to-consumer segment was a highly preferred business model in digital commerce and accounted for the total market revenue. The main reason for this growth is the low supply cost and easier implementation than traditional sources of business.

“Amongst deployment, on-premises is expected to witness highest CAGR during the forecast period”

Based on deployment, the market is segmented into cloud and on-premises. The cloud segment is expected to achieve a higher CAGR during the forecast period. The growing demand for cloud services can be attributed to the cost-effectiveness of cloud services. As companies can eliminate unnecessary hardware or rigid on-premises assets and easily right-size computing resources according to their unique business requirements. Furthermore, the integration of cloud-based solutions and services helps organizations to reduce their operational cost significantly as they can be accessed from anywhere.

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“Amongst browsing method, mobile/tablets, is expected to witness highest CAGR during the forecast period”

Based on the browsing method the market is segmented into desktop/laptop and mobile/tablet. The mobile/tablet market is expected to grow exponentially during the forecast period. The growing adoption of the mobile/tablets segment can be attributed to the changing consumer preferences, rise in population, and surge in affordability of internet connections &mobile phones across the globe. The emergence of affordable smartphones and internet connections are key factors resulting in the rise in demand for retail digital commerce, owing to technological advancements, the number of people who can afford electronics such as smartphones has increased considerably over the past few years. Moreover, access to the internet has surged in the past few years, which is why a larger number of people are able to shop online. This has further led to the expansion of digital industries, including e-commerce, which, in turn, drives the demand for digital commerce solutions.

“Amongst payment method, the card payments are expected to witness the highest CAGR during the forecast period”

Based on the payment model, the market is segmented into card payments, bank transfers, digital wallets, cash payments, and cryptocurrencies.  Card payments are expected to grow significantly during the forecast period, mainly because of the security, card payments often come with enhanced security features, such as chip technology, to reduce fraud. Furthermore, card payments offer other benefits such as convenience, wider acceptance, rewards, and perks are expected to drive the market during the forecast period.

“Amongst end-use, the fashion & apparel is expected to witness highest CAGR during the forecast period”

Based on end-user, the market is segmented into food & beverages, fashion & apparel, health & beauty, electronics, automotive, home & furniture media & entertainment others. The fashion & apparel segment is expected to hold a significant share in the digital commerce platform market owing to the increasing adoption of online shopping for clothing and bags & accessories. Furthermore, deepening internet penetration is a primary growth factor in enhancing sales figures. Clothing retailers have adopted online platforms to widen their consumer base due to low digital entry barriers.

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“North America to witness significant growth during the forecast period”

For a better understanding of the market adoption of digital commerce platform, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. North America provided the market with the leading demand volume as well as revenue generation. The market for digital commerce platforms in North America is projected at a significant CAGR within a forecast period. This region owes its lead to a massive existing base of digital media users, powered by the high use of smartphones and high-speed data networks and internet services. This region is currently showing phenomenal growth within the global digital commerce platform market in its B2B business model segment, while the North American retail segment has already been a prominent source of revenue for the market players.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.


Customization Options:

Digital Commerce Platform market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.Market Definitions
1.2.Main Objective
1.3.Stakeholders
1.4.Limitation
2.1.Research Process of the Digital Commerce Platform Market
2.2.Research Methodology of the Digital Commerce Platform Market
2.3.Respondent Profile
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY
5IMPACT OF COVID-19 ON THE DIGITAL COMMERCE PLATFORM MARKET
6DIGITAL COMMERCE PLATFORM MARKET REVENUE, 2020-2028F
7.1.Business to consumer
7.2.Consumer to business
7.3.Business to business
7.4.Consumer to consumer
7.5.Others 
8.1.Cloud
8.2.On-Premises
9.1.Desktop/laptops
9.2.Mobile/Tablets
10.1.Card Payments
10.2.Bank Transfers
10.3.Digital Wallets
10.4.Cash Payments
10.5.Cryptocurrency
11.1.Food & Beverages
11.2.Fashion & Apparels
11.3.Health & Beauty
11.4.Electronics
11.5.Automotive
11.6.Home & Furniture
11.7.Media & Entertainment
11.8.Others 
12.1.North America   
 12.1.1.U.S. 
 12.1.2.Canada 
 12.1.3.Rest of North America
12.2.Europe   
 12.2.1.Germany 
 12.2.2.U.K. 
 12.2.3.France 
 12.2.4.Italy 
 12.2.5.Spain 
 12.2.6.Rest of Europe
12.3.Asia-Pacific  
 12.3.1.China 
 12.3.2.Japan 
 12.3.3.India 
 12.3.4.Rest of Asia-Pacific
12.4.Rest of World  
13.1.Market Drivers
13.2.Market Challenges
13.3.Impact Analysis
14DIGITAL COMMERCE PLATFORM MARKET OPPORTUNITIES
15DIGITAL COMMERCE PLATFORM MARKET TRENDS
16.1.Demand Side Analysis
16.2.Supply Side Analysis
17VALUE CHAIN ANALYSIS
18.1.Competitive Landscape
 18.1.1.Porters Fiver Forces Analysis
19.1.Shopify Inc.
19.2.SAP SE 
19.3.Oracle  
19.4.Adobe  
19.5.Salesforce Inc.
19.6.WooCommerce
19.7.Sitecore 
19.8.Kentico Software
19.9.Unilog, Inc.
19.10.IBM Corporation
20DISCLAIMER

Research Methodology

Research Methodology for the Digital Commerce Platform Market Analysis (2021-2027)

Analyzing the historical market, estimating the current market, and forecasting the future market of the digital commerce platform market were the three major steps undertaken to create and analyze the adoption of the digital commerce platform market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the digital commerce platform market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the digital commerce platform market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the digital commerce platform market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as a business model, deployment, end-use, browsing method, and payment method. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the digital commerce platform market. Further, we conducted factor analysis using dependent and independent variables such as various business model, deployment, browsing method, payment method and end-user of the digital commerce platform market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the digital commerce platform market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the digital commerce platform market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

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Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the digital commerce platform market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the digital commerce platform market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

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Split of Primary Participants in Different Regions

Digital Commerce platform market
Digital Commerce platform market

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the digital commerce platform market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of business model, deployment, browsing method, payment method and end-user in the digital commerce platform market.

The main objective of the Digital Commerce Platform Market Study

The current & future market trends of digital commerce platform market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the digital commerce platform market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of business model, deployment, browsing method, payment method and end-user.
  • Define and analysis of the regulatory framework for the digital commerce platform market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the digital commerce platform market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
  • Company profiles of the digital commerce platform market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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