DIGITAL COMMERCE PLATFORM MARKET ANALYSIS

Regional Analysis

Global Digital Commerce Platform Market- Regional Analysis

North America held a dominant position in the global digital commerce platform market in 2022, followed by Asia Pacific and Europe.

Figure 1. Global Digital Commerce Platform Market Share (%), By Region, 2022

North America held a dominant position in the global digital commerce platform market in 2022, owing to factors like robust internet infrastructure, high number of smartphone users, and high per capita income in the region, thus driving the growth of the North America digital commerce platform market. The population in countries like the U.S. and Canada have shown a high degree of adoption of digital commerce platforms. The region has a presence of huge global corporations operating in the digital commerce platform market as well as domestic merchants make use of the technology on the regional level by selling goods online in the specific geographic region they operate in. These factors have resulted in the dominant position of North America in the global digital commerce platform market.

Asia Pacific is the most rapidly growing market in the global digital commerce platform market. The factors including high population in countries like India and China, the rapidly expanding technological infrastructure, and growing internet penetration are expanding the digital commerce platform market. The rise of digital payments infrastructure has provided an easy and efficient option for carrying out digital commerce transactions, which has further resulted in the increased adoption of these services in the Asia Pacific region. These factors are expected to boost the growth of the global digital commerce platform market in the Asia Pacific region during the forecast period.

• North America: U.S. and Canada
• Latin America: Brazil, Mexico, and Rest of Latin America
• Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa