Global Digital Commerce Platform Market to Reach $38 Billion by 2030
The global market for Digital Commerce Platform estimated at US$14.8 Billion in the year 2023, is expected to reach US$38 Billion by 2030, growing at a CAGR of 14.4% over the analysis period 2023-2030. Business-to-Consumer (B2C) Digital Commerce Platform, one of the segments analyzed in the report, is expected to record a 14.4% CAGR and reach US$25.6 Billion by the end of the analysis period. Growth in the Business-to-Business (B2B) Digital Commerce Platform segment is estimated at 15.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 13.4% CAGR
The Digital Commerce Platform market in the U.S. is estimated at US$4.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.4 Billion by the year 2030 trailing a CAGR of 13.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.1% and 12.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR.
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