Global Retail E-Commerce Software Market 2015-2019
About e-commerce software
Electronic commerce, commonly called e-commerce, refers to the process of buying and selling products and services over computer networks. Several industries, such as traditional brick-and-mortar retailers, banks, travel agents, and online vendors, have aggressively incorporated e-commerce solutions. This technology helps them operate through web portals, gain competitive advantage, and reach more customers quickly. E-commerce software offers advanced capabilities such as searching, order management, cart management, content management, marketing, and reporting.
Technavio's analysts forecast the global retail e-commerce software market to grow at a CAGR of 12.95% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global retail e-commerce software market for the period 2015-2019. To calculate the market size, it considers the total revenue generated from the following:
Software licenses and subscriptions Software implementation and maintenance costs The report also presents the vendor landscape and a corresponding detailed analysis of the five leading vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Magento Oracle ATG Commerce PrestaShop Shopify WooThemes Other prominent vendors
Adobe Systems CenturyLink Cleverbridge Demandware Ekm Systems Hybris Software IBM Websphere Insite Software Intershop Communications Jagged Peak JDA Software OpenCart osCommerce Sitecore Squarespace VirtueMart Zen Cart Market driver
Focus on customer satisfaction For a full, detailed list, view our report Market challenge
Threat from open-source solution providers For a full, detailed list, view our report Market trend
High adoption of cloud solution For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be What are the key market trends What is driving this market What are the challenges to market growth Who are the key vendors in this market space What are the market opportunities and threats faced by the key vendors What are the strengths and weaknesses of the key vendors
Technavio Announces the Publication of its Research Report – Global Retail E-Commerce Software Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Retail E-Commerce Software Market: Magento, Oracle ATG Commerce, PrestaShop, Shopify and WooThemes
Other Prominent Vendors in the market are: Adobe Systems, CenturyLink, Cleverbridge, Demandware, Ekm Systems, Hybris Software, IBM Websphere, Insite Software, Intershop Communications, Jagged Peak, JDA Software, OpenCart, osCommerce, Sitecore, Squarespace, VirtueMart and Zen Cart
Commenting on the report, an analyst from Technavio’s team said: “As organizations are aggressively moving from on-premise to cloud-based approach, more decision-makers are leveraging on SaaS-based e-commerce solutions to ensure organizations' critical information is accessible at all times. SaaS-based solutions enable organizations to do all activities at a much lesser cost and with no infrastructure requirement.”
According to the report, retail e-commerce organizations are focusing on providing better and innovative solutions to new customers and better support to existing customers. This has led to increased competition between the solutions providers in order to better serve the customers and to achieve high customer satisfaction. This helps in quickening of processes that support competitive strategies to improve customer satisfaction.
Further, the report states that selecting a platform in the initial phases of building up an e-commerce site is a major challenge.