The exchange of goods and services, or the transfer of money or data, over an electronic network - basically the internet - is known as digital commerce. The internet is the driving force behind digital commerce, which enables customers to explore an online store, acquire goods or services using their own devices, and pay online. These commercial exchanges take place between Businesses and Consumers (B2C), businesses and businesses, consumers and consumers, or consumers and businesses. E-business and e-commerce are frequently used interchangeably. The transactional procedures that make up online retail shopping are commonly referred to as e-retail. The different aspects of digital commerce platforms include analytics, customer service, content development, social media, and promotions. Various categories of goods and services are sold on these platforms including consumer electronics, fashion items, accessories, and consumer durables. These platforms try to provide an alternative to the existing concept of traditional markets.

Market Dynamics

The rise of the global digital commerce platform market is leading the shift in the retail sector with increasing transactions taking place in online marketplaces offered by technological companies operating in the digital commerce platform market. Owing to factors, such as huge population, developing countries especially in the Asia Pacific region are boosting the market growth. Moreover, the increasing demand for digital commerce platforms from Asia Pacific is expected to boost the global digital commerce platform market growth during the forecast period. Various organizations are using online digital platforms for the buying and selling of good and services. Due to advancements in technology, digital platforms provide the easiest gateway for payment to consumers. The increasing number of smartphones, tablets, and broadband connections are expected to support the growth of the global digital commerce platform market in the near future.

Key features of the study:

• This report provides an in-depth analysis of the global digital commerce platform market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
• It profiles leading players in the global digital commerce platform market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
• Companies covered as a part of this study are Magento, Inc., Elastic Path Software Inc., IBM Corporation, NetSuite Inc., Oracle Corporation, Apttus Corporation, Adobe, Inc., Hybris AG, CloudCraze Software LLC, Demandware, Inc., Salesforce.com, Inc., and Digital River, Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
• The global digital commerce platform market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global digital commerce platform market

Detailed Segmentation

• Global Digital Commerce Platform Market, By Business Model:
  • Business to Consumer (B2C)
  • Business to Business (B2B)
  • Consumer to Business (C2B)
  • Consumer to Consumer (C2C)
• Global Digital Commerce Platform Market, By Deployment Type:
  • On-premise
  • Software as a Service
  • Fully Managed
• Global Digital Commerce Platform Market, By Verticals:
  • BFSI  
  • Retail
  • Communication
  • Airline + Travel
  • Others
• Global Digital Commerce Platform Market, By Region:
  • North America
    
    • U.S.
    • Canada
  • Europe
    
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
• Company Profiles
  • Magento, Inc.
  • Elastic Path Software Inc.
  • IBM Corporation
  • NetSuite Inc.
  • Oracle Corporation
  • Apttus Corporation
  • Adobe, Inc.
  • Hybris AG
  • Cloud Craze Software LLC
  • Demandware, Inc.
  •  Salesforce.com
  • Digital River, Inc.