Global e-Commerce Technology Market: Snapshot
Surge in preference toward buying products through e-commerce platforms is expected to drive the expansion opportunities in the global e-commerce technology market during the forecast period 2021 to 2031.
An upcoming research report by Transparency Market Research gives 360-degree analysis of major factors influencing growth of the global e-commerce technology market. Thus, many crucial facets such as drivers, restraints, trends, challenges, and R&D activities in the market are presented in this report in a comprehensive manner. The assessment document also delivers dependable data on production, sales, shares, volume, and revenues of the market for e-commerce technology.
The study performs segmentation of the global e-commerce technology market based on many important parameters such as application and region. In terms of application, the market for e-commerce technology is divided into two parts, namely, B2C and B2B.
Expanding operations in future? To get the perfect launch ask for a custom report
Key Drivers of e-Commerce Technology Market Growth
The e-commerce technology is gathering impetus in recent years owing to its ability to connect sellers with their customers through varied online mediums such as mobile as well as website platforms. There is surge in the adoption of this technology owing to a wide range of advantages it offers, such as efficient management of customer orders, payments returns, and deliveries of purchased goods.
The increased use of smartphones and surge in accessibility to Internet are some of the prime factors that will positively impact on the overall development of the market for e-commerce technologies in the years to come.
With the emergence of COVID-19 pandemic, major populace from all across the globe is increasing inclination toward buying essential as well as non-essential products through online platforms. This factor is working as one of the key drivers of the global e-commerce technology market.
Major retail companies from all across the globe are growing focus on boosting their e-commerce sales. As a result, there is surge in demand for e-commerce technologies among these organizations. This factor is helping in expansion of the global e-commerce technology market in the years to come.
Competition Landscape of e-Commerce Technology Market
The global e-commerce technology market seems to be moderately fragmented in nature. Presence of several well-entrenched players highlights that the competitive landscape of the market for e-commerce technology is highly intense. Major leaders are executing diverse strategic moves in order to maintain their prominent position in the global market.
Mergers, acquisitions, joint ventures, partnerships, and collaborations are some of the key strategies utilized by enterprises from the global e-commerce technology market. Moreover, several companies are increasing investments in the R&D activities. These activities are expected to help players in expanding their businesses in the market for e-commerce technology.
The list of key players in the global e-commerce technology market includes:
- BigCommerce Holdings Inc.
- Adobe Inc.
- HCL Technologies Ltd.
- commercetools GmbH
- Oracle Corp.
- Open Text Corp.
- Salesforce.com Inc.
- Pitney Bowes Inc.
- Shopify Inc
- SAP SE
Request a sample to get extensive insights into the e-Commerce Technology Market
North America Demand Outlook for e-Commerce Technology
In terms of region, the global e-commerce technology market shows existence in many regions including APAC, North America, South America, MEA, and Europe. Of all geographical regions, North America is one of the lucrative regions of the market for e-commerce technology.
The North America e-commerce technology market is projected to attract exceptional growth prospects on the back of many factors including early adoption of advanced technologies in the region.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.