eCommerce Software - Argentina | Statista Market Forecast

The eCommerce Software market in Argentina is expected to achieve a revenue of US$10.18m by 2024.
This projection indicates a significant growth potential within this market segment.
Furthermore, it is estimated that the market will experience a Compound Annual Growth Rate (CAGR) of 2.04% from 2024 to 2029, ultimately resulting in a market volume of US$11.26m by the end of 2029.
In terms of average Spend per Employee, the eCommerce Software market in Argentina is projected to reach US$0.47 in 2024.
This suggests that businesses operating within this sector will allocate a substantial portion of their resources towards employee-related expenditures.
When comparing the global landscape, it is noteworthy that United States is anticipated to generate the highest revenue within the eCommerce Software market, amounting to US$4.36bn in 2024.
This highlights the dominance of the US market within the industry on a global scale.
Argentina's eCommerce software market is experiencing rapid growth, fueled by the country's increasing internet penetration and expanding digital economy.

Definition:

The eCommerce Software market covers a wide range of software applications that support organizations in managing their online sales channels. These solutions typically include features for managing product catalogs, automation of shopping carts, order management, inventory management, and handling order fulfillment.

Products in the eCommerce Software market are most commonly available in the forms of cloud-based software and subscription services.

Additional Information:

The eCommerce Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include Shopify, Salesforce, SAP, and Adobe.

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eCommerce software, such as BigCommerce, Shopify, WooCommerce, Salesforce Commerce Cloud, and Volusion
Product management, such as Jira Software (Atlassian) and CollabNet VersionOne
User accounts management, such as Microsoft, Okta, and OneLogin
Order management, such as SAP Order Management, Microsoft Dynamics 365 Commerce, and NetSuite Order Management

Administrative Software, such as ADP, Gusto, Workday, and SAP
Office Software, such as Microsoft, Google, and Zoho

Argentina, a country known for its passion for football, tango and beef, is also experiencing a surge in the eCommerce software market.

Customer preferences: In Argentina, customers are increasingly turning to online shopping due to the convenience and safety it provides. With the COVID-19 pandemic, many customers have shifted to online shopping as a safer alternative to physical stores. Additionally, the rise of mobile devices and internet penetration has made online shopping more accessible to a wider audience.

Trends in the market: The eCommerce software market in Argentina is expected to grow due to the increasing adoption of cloud-based solutions and the rise of social commerce. Cloud-based solutions offer flexibility and scalability, making it easier for businesses to manage their online operations. Social commerce, on the other hand, allows customers to shop directly from social media platforms, making the shopping experience more seamless and convenient.

Local special circumstances: Argentina has a unique eCommerce landscape due to its complex tax system and strict import regulations. Businesses operating in Argentina need to navigate through these regulations to ensure compliance. Additionally, the country has a high inflation rate, which affects consumer spending and poses a challenge for businesses to price their products competitively.

Underlying macroeconomic factors: Argentina has been facing economic challenges in recent years, including high inflation, currency devaluation and political instability. However, the government has implemented measures to boost the eCommerce sector, such as tax incentives for businesses and investments in infrastructure. These measures have contributed to the growth of the eCommerce software market in Argentina. In conclusion, the eCommerce software market in Argentina is experiencing growth due to the increasing adoption of cloud-based solutions and social commerce, as well as the convenience and safety provided by online shopping. However, businesses operating in Argentina need to navigate through the country's unique tax system and inflationary environment. Despite these challenges, the government's initiatives to boost the eCommerce sector have contributed to the market's growth.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.