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.
Adobe Inc. - The company offers Adobe Commerce Cloud, which is powered by Magento that is built for multi-channel commerce experiences for B2B and B2C customers on a single platform.
BigCommerce Holdings Inc. - The company offers BigCommerce, which provides an online platform to market the company's services.
Open Text Corp. - The company offers OpenText Magellan Analytics Suite and OpenText Magellan as AI-powered analytics for e-commerce and retail.
Oracle Corp. - The company offers Oracle Commerce, which provides B2B commerce by delivering complete, self-service digital commerce experiences through any channel while meeting the complexities inherent in B2B sales, integrations, and business models.
Shopify Inc. - The company offers solutions for B2B commerce, which helps reach every customer, from B2B to retail.
E-Commerce Technology Market: Reasons to Buy Our Report
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist e-commerce technology market growth during the next five years
Estimation of the e-commerce technology market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the e-commerce technology market across North America, APAC, Europe, South America, and MEA
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of e-commerce technology market vendors
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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.
Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
7.6 South America - Market size and forecast 2020-2025
Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
7.7 MEA - Market size and forecast 2020-2025
Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 35: Key leading countries
7.9 Market opportunity by geography
Exhibit 36: Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
Exhibit 37: Impact of drivers and challenges
8.3 Market trends
9 Vendor Landscape
9.1 Competitive scenario
9.2 Vendor landscape
Exhibit 38: Vendor landscape
9.3 Landscape disruption
Exhibit 39: Landscape disruption
Exhibit 40: Industry risks
10 Vendor Analysis
10.1 Vendors covered
Exhibit 41: Vendors covered
10.2 Market positioning of vendors
Exhibit 42: Market positioning of vendors
10.3 Adobe Inc.
Exhibit 43: Adobe Inc. - Overview
Exhibit 44: Adobe Inc. - Business segments
Exhibit 45: Adobe Inc. - Key offerings
Exhibit 46: Adobe Inc. - Segment focus
10.4 BigCommerce Holdings Inc.
Exhibit 47: BigCommerce Holdings Inc. - Overview
Exhibit 48: BigCommerce Holdings Inc. - Product and service
Exhibit 49: BigCommerce Holdings Inc. - Key offerings
10.5 commercetools GmbH
Exhibit 50: commercetools GmbH - Overview
Exhibit 51: commercetools GmbH - Product and service
Exhibit 52: commercetools GmbH - Key offerings
10.6 HCL Technologies Ltd.
10.7 Open Text Corp.
Exhibit 57: Open Text Corp. - Overview
Exhibit 58: Open Text Corp. - Product and service
Exhibit 59: Open Text Corp. - Key offerings
10.8 Oracle Corp.
Exhibit 60: Oracle Corp. - Overview
Exhibit 61: Oracle Corp. - Business segments
Exhibit 62: Oracle Corp. - Key offerings
Exhibit 63: Oracle Corp. - Segment focus
10.9 Pitney Bowes Inc.
Exhibit 64: Pitney Bowes Inc. - Overview
Exhibit 65: Pitney Bowes Inc. - Business segments
Exhibit 66: Pitney Bowes Inc. - Key offerings
Exhibit 67: Pitney Bowes Inc. - Segment focus
10.10 Salesforce.com Inc.
Exhibit 68: Salesforce.com Inc. - Overview
Exhibit 69: Salesforce.com Inc. - Business segments
Exhibit 70: Salesforce.com Inc. - Key offerings
Exhibit 71: Salesforce.com Inc. - Segment focus
10.11 SAP SE
Exhibit 72: SAP SE - Overview
Exhibit 73: SAP SE - Business segments
Exhibit 74: SAP SE - Key offerings
Exhibit 75: SAP SE - Segment focus
10.12 Shopify Inc.
Exhibit 76: Shopify Inc. - Overview
Exhibit 77: Shopify Inc. - Product and service
Exhibit 78: Shopify Inc. - Key offerings
11 Appendix
11.1 Scope of the report
11.2 Currency conversion rates for US$
Exhibit 79: Currency conversion rates for US$
11.3 Research methodology
Exhibit 80: Research Methodology
Exhibit 81: Validation techniques employed for market sizing
Exhibit 82: Information sources
11.4 List of abbreviations
Exhibit 83: List of abbreviations
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