DUBLIN, Sept. 5, 2023 /PRNewswire/ — The “Global E-Commerce Platform Market by eCommerce Model (B2B and B2C), Offering (Solutions and Services), Industry (Beauty & Personal Care, Consumer Electronics, Home Decor, Fashion and Apparel, F&B), and Region – Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.
The eCommerce platform market size is projected to grow from USD 7.0 billion in 2023 to USD 13.5 billion by 2028, at a CAGR of 13.8% during the forecast period.
E-commerce platforms give businesses the opportunity to interact with a sizable and varied global audience without being bound by the restrictions of traditional store locations.
Firms have the freedom to conduct business anywhere in the globe through the growth of their client base and the investigation of untapped markets.
SMEs have started to utilize the possibilities of eCommerce and understand that its adoption could speed up the expansion of their firm in both domestic and global markets.
Premium Insights:
Increasing Use of Online Platforms to Drive Market GrowthSolutions Segment in North America Expected to Account for Larger Market Size in 2023Solutions Segment in APAC Expected to Account for Larger Market Size in 2023Solutions Segment in Europe Expected to Account for Larger Market Size in 2023Asia-Pacific Expected to Witness Fastest Growth During Forecast Period
Market Dynamics: Drivers:
Increasing Online Consumer Base with Growing Adoption of Smartphones to Fuel Demand for Ecommerce PlatformsOmnichannel Retailing to Drive Demand for Ecommerce PlatformsIncreasing Internet Penetration Worldwide to Fuel Adoption of Ecommerce PlatformsRising Need to Enhance Global Presence to Increase Adoption of Ecommerce Platforms
Restraints:
Cybersecurity Issues and Online Scams to Hinder Market Growth
Opportunities:
Development of Super Apps to Offer More Simple and Convenient Shopping OptionsRising Investments in Ecommerce SectorBuy Now Pay Later (Bnpl) to Support Growth of Ecommerce Platform Market
Challenges:
Logistics and Fulfillment – Critical Aspects of Ecommerce – to Pose Substantial Challenges for BusinessesCustomer Acquisition and Retention to be Expensive in this Competitive Era
Industry Use Cases:
Moore Brothers Wine Company Adopted Bigcommerce PlatformBigcommerce Helped Bulk Nutrients to Improve Its Website PerformanceNz Post Adopted Bigcommerce Ecommerce Solution to Enhance Its Global PresenceHarvey Norman Improved Delivery Experience with ShippitHmd Global Adopted Bigcommerce Platform to Enhance Customer Experience During Online ShoppingEbay Enabled Temple & Webster to Manage and Sell Products More Efficiently on Online PlatformsKmart Migrated Its Commerce Solution into Cloud-based Offering with CommercetoolsShopify Plus Enabled Jb Hi-Fi to Serve Customers More Efficiently During Holiday Season
Companies Mentioned:
AdobeAmazonBigcommerceEbayEcwidEtsyFastspringNuvemshopOpencartOraclePrestashopSalesforceSAPShift4ShopShopifyShopwareSquareSquarespaceStorehippoTrade MeTray.IoVolusionVtexWixWoocommerce
For more information about this report visit https://www.researchandmarkets.com/r/1kgn5z
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SOURCE Research and Markets