PUBLISHER: QKS Group | PRODUCT CODE: 1669274
PUBLISHER: QKS Group | PRODUCT CODE: 1669274
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 12% by 2028 in Asia (Excluding Japan and China).
The B2C digital commerce platform market in Asia ex Japan & China is projected to register an above-average CAGR by 2028, driven by rapid digitalization, increasing internet and smartphone penetration, and a growing middle class. Countries across the region are witnessing a surge in online shopping, fueled by the convenience and accessibility of digital commerce platforms. Additionally, government initiatives to promote digital innovation and the rise of fintech solutions are further boosting the market growth. The region's dynamic and diverse market offers significant opportunities for businesses to tap into the growing demand for online retail.
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 12% by 2028 in Asia (Excluding Japan and China).
The future of the B2C digital commerce platform market in Asia ex Japan & China looks promising, with continuous advancements in technology and evolving consumer preferences shaping its trajectory. The integration of AI, machine learning, and big data analytics is expected to enhance personalized shopping experiences and drive consumer engagement. Moreover, the emphasis on improving logistics and delivery services is likely to play a critical role in sustaining market growth. As businesses continue to innovate and adapt to the evolving digital landscape, the B2C digital commerce platform market in the region is poised for sustained expansion, offering ample opportunities for new and existing players to thrive.
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."