eCommerce Software - Benelux | Statista Market Forecast

The eCommerce Software market in the Benelux region is anticipated to achieve a revenue of US$166.70m by 2024.
It is projected to exhibit a steady annual growth rate (CAGR 2024-2029) of 2.42%, resulting in a market volume of US$187.90m by 2029.
In terms of the average Spend per Employee, the eCommerce Software market is expected to reach US$10.43 in 2024.
In a global context, United States is predicted to generate the highest revenue, amounting to US$4.36bn in 2024.
In the Benelux region, the eCommerce software market is booming, with a strong emphasis on user-friendly interfaces and integrated payment solutions.

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 popularity of eCommerce Software in Benelux has been on a steady rise in recent years, driven by a number of factors.

Customer preferences: Benelux customers are increasingly turning to online shopping due to the convenience it offers. The region has a high internet penetration rate, and customers are becoming more comfortable with making purchases online. Additionally, the rise of mobile commerce has made it even easier for customers to shop online, as they can do so from anywhere, at any time.

Trends in the market: One trend that is driving the eCommerce Software market in Benelux is the rise of cross-border eCommerce. Customers are increasingly looking to purchase products from other countries, and eCommerce Software providers are responding to this trend by offering solutions that make it easier for businesses to sell their products internationally. Another trend is the rise of social commerce, with businesses leveraging social media platforms to sell their products directly to customers.

Local special circumstances: One unique aspect of the Benelux market is its linguistic diversity. The region is home to three official languages - Dutch, French, and German - and businesses operating in the region need to be able to communicate with customers in their preferred language. Additionally, the region has a strong culture of entrepreneurship, with many small and medium-sized businesses operating in the region.

Underlying macroeconomic factors: The Benelux region has a strong economy, with a high GDP per capita and a relatively low unemployment rate. This has created a favorable environment for businesses, including eCommerce Software providers. Additionally, the region has a strong logistics infrastructure, which is important for eCommerce businesses that need to be able to deliver products quickly and efficiently. Finally, the region has a stable political environment, which is important for businesses that want to operate in a predictable and stable market.

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.