Digital Commerce Applications Market Review: All Eyes on 2023
According to HTF Market Intelligence, the Global Digital Commerce Applications market to witness a CAGR of 12.6% during forecast period of 2023-2028. The market is segmented by Global Digital Commerce Applications Market Breakdown by Application (Apparel & Fashion, Food & Beverage, Automotive, Home & Electronics, Healthcare, BFSI & Technology, Others) by Type (E-Commerce Platforms, Payment Processing Solutions, Digital Marketing Solutions, Customer Relationship Management (CRM) Solutions, Inventory Management Solutions, Analytics and Business Intelligence Solutions) by Deployment Mode (Cloud, On_Premise) by Organization Size (Large, SMEs) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Digital Commerce Applications market size is estimated to increase by USD 6 Billion at a CAGR of 12.6% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 4.5999999999999996 Billion.
HTF Market Intelligence published a new research publication on Digital Commerce Applications Market Insights, to 2028″ with 150+pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Digital Commerce Applications market was mainly driven by the increasing R&D spending across the world, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are Tata Consultancy Services, International Business Machines, Infosys, Salesforce, Cognizant Technology Solution, Oracle, Visa, Shopify, Digital Turbine, Tencent Holdings, Magento (Adobe), BigCommerce
Definition:
Digital Commerce Applications refer to software applications that enable online buying and selling of goods and services, including e-commerce platforms, payment processing systems, customer relationship management (CRM) tools, and supply chain management (SCM) systems.
Market Trends:
The shift towards mobile commerce as more consumers prefer to shop and make payments using their mobile devices.
The rise of social commerce, with social media platforms like Instagram and Facebook offering integrated shopping features.
Market Drivers:
The growing demand for online shopping and the convenience it offers.
The increasing adoption of cloud-based digital commerce applications, which provide scalability, flexibility, and cost savings.
Market Opportunities:
The adoption of omnichannel commerce, allowing customers to seamlessly shop across multiple channels, including online, mobile, and in-store.
The use of digital commerce applications in B2B transactions, enabling organizations to streamline procurement and supply chain processes.
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