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Worldwide Digital Commerce Applications Forecast, 2023–2027: Generative AI Integrations Rapidly Become Table Stakes for Digital Commerce

Publisher IDC
Published Jul 31, 2023
Length 19 Pages
SKU # IDC18096255

Description

Worldwide Digital Commerce Applications Forecast, 2023–2027: Generative AI Integrations Rapidly Become Table Stakes for Digital Commerce


This IDC study presents a five-year forecast for the worldwide digital commerce applications market."This is an exciting time to be an innovation addict. The race to see who develops the best commerce integrations for generative AI has begun," says Heather Hershey, research director, Digital Commerce at IDC. "Commerce vendors are taking strategic steps to remain competitive in response to rapidly shifting market trends. They are investing in their workforces, enhancing accessibility, improving data integration, and bolstering fraud detection measures across their portfolios. They are also focusing on providing data as a service, reducing time to insight, and building more tools for developers. And of course, many digital commerce application vendors are incorporating generative AI, machine learning, and rule-based workflows into their products to gain an immediate upper hand in the highly competitive software markets of the future."

Please Note: Extended description available upon request.

Table of Contents

19 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Artificial Intelligence Focus
General Digital Commerce Focus
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Commerce Convergence
Automation and AI-Powered Analytics
Digital Transformation as a Continuous Process
Inhibitors
Macroeconomic Turmoil (Examples: Inflation and the Ukraine-Russia War)
Global Commerce and Data Regulation
Significant Market Developments
Notable Digital Commerce Mergers and Acquisitions in 2022
Changes from Prior Forecast
Market Definition
Methodology
Historical and Forecast Market Values and Exchange Rates
Related Research

Pricing

Currency Rates
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