PUBLISHER: QKS Group | PRODUCT CODE: 1669268
PUBLISHER: QKS Group | PRODUCT CODE: 1669268
This product includes two reports: Market Share and Market Forecast.
QKS Group Reveals that the B2C Digital Commerce Platform (DCP) Market is Projected to Register a CAGR of 13% by 2028 in Middle East and Africa.
Middle East and Africa (MEA) region is experiencing significant growth in the B2C digital commerce platform market, projected to register an above-average CAGR by 2028. This growth is driven by increasing internet and smartphone penetration, coupled with a young and digitally savvy population. Governments and private sector initiatives are focusing on enhancing digital infrastructure and promoting e-commerce to boost economic development. Additionally, the rise of digital payment solutions and the increasing adoption of online shopping are contributing to the robust growth of the B2C digital commerce market in the region.
Quadrant Knowledge Solutions defines "Business-to-Consumer (B2C) Digital Commerce Platform (DCP) as a technology that facilitates the buying and selling of goods and services for individual consumers primarily through websites and mobile apps. A Digital Commerce Platform encompasses people, processes, and technologies to execute reporting and analytics, as well as product pricing. It performs content management to deliver tailored promotions, driving customer engagement and satisfaction throughout the entire customer purchase journey across all touchpoints. It surpasses elementary online transactions with an enhanced ability to perform marketing, servicing, and development, enabling consumers to make informed buying decisions. Additionally, it uses efficient business rules and data to display order prices for payment, ensuring a seamless transaction process."
QKS Group Reveals that B2C Digital Commerce Platform (DCP) Market is Projected to Register a CAGR of 13% by 2028 in Middle East and Africa.
The future of the B2C digital commerce platform market in the Middle East Africa region looks promising, with numerous opportunities for growth and innovation. The continued expansion of digital infrastructure and the adoption of advanced technologies such as AI, machine learning, and blockchain are expected to transform the e-commerce landscape. Businesses are focusing on providing personalized and seamless shopping experiences to attract and retain customers. Additionally, the growing emphasis on digital inclusion and financial literacy is likely to drive further adoption of e-commerce platforms. With a dynamic and evolving market, the Middle East Africa region is set to become a key player in the global digital commerce industry.
Quadrant Knowledge Solutions defines "Business-to-Consumer (B2C) Digital Commerce Platform (DCP) as a technology that facilitates the buying and selling of goods and services for individual consumers primarily through websites and mobile apps. A Digital Commerce Platform encompasses people, processes, and technologies to execute reporting and analytics, as well as product pricing. It performs content management to deliver tailored promotions, driving customer engagement and satisfaction throughout the entire customer purchase journey across all touchpoints. It surpasses elementary online transactions with an enhanced ability to perform marketing, servicing, and development, enabling consumers to make informed buying decisions. Additionally, it uses efficient business rules and data to display order prices for payment, ensuring a seamless transaction process."