eCommerce Software - Australia | Statista Market Forecast

The eCommerce Software market in Australia is forecasted to achieve a revenue of US$133.40m AUD by the year 2024.
This projection anticipates an annual growth rate (CAGR 2024-2029) of 3.71%, resulting in a market volume of US$160.00m AUD by the year 2029.
In terms of the average Spend per Employee in the eCommerce Software market, it is expected to reach US$9.12 AUD in 2024.
When compared globally, United States is projected to generate the highest revenue, amounting to US$4.36bn in the year 2024.
Australia's booming eCommerce software market is being driven by the country's tech-savvy population and increased online shopping demand.

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

The eCommerce Software market in Australia has been experiencing significant growth in recent years.

Customer preferences: Australian consumers have been increasingly turning to online shopping due to the convenience it provides. This has resulted in a surge in demand for eCommerce software, which enables businesses to set up and manage online stores. Additionally, the COVID-19 pandemic has accelerated the shift towards online shopping, as consumers have been forced to stay at home and avoid physical stores.

Trends in the market: One trend in the Australian eCommerce software market is the rise of cloud-based solutions. Cloud-based eCommerce software is becoming increasingly popular among businesses due to its flexibility and scalability. This allows businesses to easily scale up or down depending on their needs, without having to invest in expensive hardware or software.Another trend is the increasing adoption of mobile eCommerce software. With the majority of Australians owning a smartphone, businesses are recognizing the importance of having a mobile-friendly online store. Mobile eCommerce software enables businesses to create a seamless shopping experience for customers on their mobile devices, which is essential in today's digital age.

Local special circumstances: One unique aspect of the Australian eCommerce software market is the dominance of a few key players. The market is largely controlled by a handful of large companies, which can make it difficult for smaller businesses to compete. However, there are still opportunities for smaller businesses to succeed by offering niche products or services, or by focusing on providing exceptional customer service.

Underlying macroeconomic factors: The Australian economy has been relatively strong in recent years, which has contributed to the growth of the eCommerce software market. Additionally, the government has implemented a number of policies aimed at supporting small businesses, which has helped to foster entrepreneurship and innovation in the eCommerce space. However, the ongoing COVID-19 pandemic has created uncertainty in the market, and it remains to be seen how this will impact the eCommerce software industry in the long term.

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.