Global E-commerce Software and Platform Market By Product Type (Commerce, Order Management, Business Intelligence, Shipping), By Offering (Mobile Ecommerce Software, Ecommerce Website Platform), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019-2029

E-commerce software enables the functionality of online stores, and it simplifies the inventory management, it helps to add or remove products, calculates taxes, and performs other tasks needed to manage websites and fulfill the customer orders. E-commerce software can also be called shopping cart solution, shopping cart software, e-commerce website builder, e-commerce platform, or online store builder whose sole purpose is to help customers sell their products online. E-commerce platforms include customizable website templates, integrated shopping carts, search engine optimization (SEO), inventory management and analytics, as well as email marketing. This tool is used in different industries such as electronics, apparel, travel and tourism and home and furnishing among others.

The new E-commerce software integrates all necessary commerce and commerce-related functions into a single platform through software as a service (SaaS) model. With a unified infrastructure of business applications and the data provided to business applications, individuals can create engaging and personalized online experiences.

The e-commerce platform includes all core business functions and is integrated into one solution; it facilitates improved collaboration, adjusts operational processes, and provides real-time data visibility across the organization. The integrated platform cohesively drives the following functions: analytics and reporting, procurement, content management, customer support, order and inventory management, marketing, pricing, and promotions. Today's e-commerce platforms have gone beyond single-purpose software that enables people to buy products and services online merely. The latest cloud-based e-commerce platforms integrate front-end and back-end systems to provide a unified business environment that is easily extensible, can be infinitely customized, and provides time-saving automation capabilities. This platform enables businesses to meet customers' needs to provide a seamless shopping experience across all channels and provide the necessary flexibility and adaptability to keep pace with business development, reduce operating costs, increase efficiency and eliminate Trouble managing software and software. The cost of adding an e-commerce component to an existing business and entering a new market is between US$ 100 and US$ 150 per month and can be expanded through online business. According to the document published by the US Department of Commerce, e-commerce's share of total US retail sales has risen rapidly.

Recent technological advancements have raised the competitiveness of the retail market due to retailers are focusing to leverage the online platforms to capture major customer base. A shift from on-premise deployment toward adoption of cloud-based deployment has resulted in major players offering XaaS (Everything as a Service) that includes Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS). In a bid to hold customer loyalty, players are focusing on using cloud-based platforms as a useful deployment model for the e-commerce software and platform. Also, vendors of e-commerce software and platform are focused on offering customized platforms for specific customer requirements, which leads to the acceptance of new methodologies to expand base of customers. Whereas, IT setup cost and internal management with a professional development team are often costly, time-consuming, not scalable, and challenging to use to customize and integrate with other systems; this a factor that may hinder growth of the target market. In addition, combining different software solutions for creating a complete e-commerce business platform requires frequent maintenance & it is complex and rarely runs efficiently; this may restrain growth of the target market.

The E-commerce platform runs on a single, unified platform. It eliminates integrations between separate systems with natively unified e-commerce, inventory and order management, marketing, merchandising, accounting, POS, customer service, and financials on a cloud-based platform. It intelligently manages requests. It sets new customer expectations for online and store purchases, completions and returns. It helps to maximize profits by centralizing order management and having a single view of inventory across all channels and supply chain business units. These are some other factors augmenting the growth of the global e-commerce software and platform market. It helps to deliver innovative customer experiences, helps create personalized and unique, compelling mobile, web & in-store experiences to differentiate the brand and exceed customer expectations. This is a factor fueling the growth of the target market. High customer inclination towards online channels to boost sales of e-commerce software and platform

The regions include North America, Europe, Europe, Asia Pacific, Latin America, Middle East and Africa. Ecommerce software and platform providers are accumulated in the US, UK, Canada and some developing countries. As a result, North America, Europe and APAC regions are expected to account for more than half the share in the e-commerce software and platform market.

Global E-commerce Software and Platform Market Segmentation:

Segmentation by Product Type

• Commerce
• Order Management
• Business Intelligence
• Shipping
• Other Product Types

Segmentation by Offering

• Mobile Ecommerce Software
• Ecommerce Website Platform
• Other Offerings

Segmentation by Deployment Model

• On-Demand
• Hosted
• On-Premises

Segmentation by Industry Vertical

• Apparels & Fashion
• Food & Beverage
• Health & Beauty
• Automotive
• Travel & Tourism
• Other Industry Verticals

Some Major E-Commerce Platforms:

• Shopify
• Volusion
• BigCommerce
• The Winner
• Magento
• Etsy
• Squarespace
• 1ShoppingCart
• Aabaco
• 3Dcart
• PinnacleCart
• Wix
• X-Cart Cloud
• Others