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Subject: MRR

E-Commerce Technology Market Size to Grow by USD 10.57 Bn, North America to be Largest Contributor to Market Growth - Technavio


The e-commerce technology market has been segmented by application (B2C and B2B) and geography (North America, APAC, Europe, South America, and MEA)

NEW YORK, Oct. 3, 2022 /PRNewswire/ -- The e-commerce technology market will be dominated by North America during the forecast period. The growth of this region is attributed to factors such as the increasing presence of online shopping. Moreover, market growth in this region will be faster than the growth of the market in other regions. The US and China are the key countries in the e-commerce technology market in North America.

The e-commerce technology market size is expected to increase by USD 10.57 billion from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 19.07 %, according to Technavio.

Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format

E-Commerce Technology Market: Market Segmentation

By application, the B2C segment will be the largest contributor to market growth during the forecast period. The adoption of e-commerce payment platforms is increasing. Numerous customers shop for consumer goods on e-commerce websites and make payments through e-commerce payment platforms. These platforms are highly secure and use the latest payment processing technologies.

E-Commerce Technology Market: Major Growth Drivers

The increasing e-commerce sales are driving the growth of the market. The growth of the e-commerce industry is attributed to factors such as the increasing tech-savvy population, rising Internet penetration, and the growing use of smartphones. In addition, online shopping provides various multiple payment options, such as Internet banking, credit and debit cards, cash-on-delivery (COD), and electronic wallets. Moreover, consumers can check user reviews by other consumers before purchasing a product. Hence, the growth of the e-commerce industry will fuel the growth of the global e-commerce technology market during the forecast period.

For information about other trends and drivers that will shape the future of the market, View our FREE PDF Sample Report

E-Commerce Technology Market: Key Vendor Offerings
E-Commerce Technology Market: Reasons to Buy Our Report
Related Reports

Digital Commerce Market by Business Segment and Geography - Forecast and Analysis 2022-2026: The digital commerce market size is projected to grow by USD 3.43 trillion from 2021 to 2026.

Retail E-Commerce Software Market by Deployment and Geography - Forecast and Analysis 2021-2025: The retail e-commerce software market share is expected to increase by USD 6.72 billion from 2020 to 2025.

E-Commerce Technology Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 19.07%

Market growth 2021-2025

USD 10.57 billion

Market structure

Fragmented

YoY growth (%)

17.57

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 37%

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Adobe Inc., BigCommerce Holdings Inc., commercetools GmbH, HCL Technologies Ltd., Open Text Corp., Oracle Corp., Pitney Bowes Inc., Salesforce.com Inc., SAP SE, and Shopify Inc.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Information Technology Market Reports

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Newsroom: newsroom.technavio.org/news/e-commerce-technologymarket

SOURCE Technavio


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