PUBLISHER: Orion Market Research | PRODUCT CODE: 1215768
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215768
Title:Global Retail E-Commerce Software Market Size, Share, and Trends Analysis Report, by Deployment Type (Cloud and On-Premises), End-User (Apparel & Fashion, Food & Beverage, Automotive, Consumer Electronics, Healthcare, BFSI & Technology, and Others), Forecast Period (2022-2028).
The global retail e-commerce software market is anticipated to grow at a CAGR of 9.2% during the forecast period. The factors that drove the growth of the retail e-commerce software market include strong and steady growth of internet users, inclination towards online shopping, and increasing online launch of products. In addition, an increasing number of exclusive products in the market and lower prices of goods due to the direct distribution channel further contributed to the growth of the global retail e-commerce software market. This report will further analyze all the primary as well as secondary factors that are directly or indirectly impacting the growth of the market.
The global retail e-commerce software market is segmented based on the deployment type and end-users. Based on the deployment type, the market is segmented into cloud and on-premises. Based on the end-user, the market is sub-segmented as apparel & fashion, food & beverage, automotive, consumer electronics, healthcare, BFSI & technology, and others. The above-mentioned segments can also be customized as per the requirements.
Geographically, the global retail e-commerce software market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The market can also be analyzed for a particular region or country level as per the requirement. The North American region is expected to grow fastest during the forecast period. The COVID-19 outbreak has surged online shopping activity in the US and Canada. The product categories seeing the highest rates of online growth include food & groceries, health & beauty, and hygiene items. Further, the e-commerce players in the region are making efforts to expand their global reach. For instance, in June 2020, Walmart, Inc. expanded its marketplace in the e-commerce industry by partnering with Shopify, Inc., a Canadian multinational e-commerce company.
The major companies serving the global retail e-commerce software market include Oracle Corp., TCS Ltd., SAP SE, HCL Technologies Ltd., EKM Systems Ltd., Lumen Technologies, Inc., eBay Enterprise, Inc., and Intershop Communications AG, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Amazon Web Services Inc. enhanced its provision of AWS Contact Center Intelligence in August 2021, with a new mobile analytics tool that can make a lot of sense in customer conversations. Amazon has announced Amazon Transcribe Call Analytics is a user-enabled chat learning curriculum that is designed to work with an existing Amazon Transcribe tool used for the production of written customer service calls.
Research Methodology
The market study of the global retail e-commerce software market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: