eCommerce Software - Central & Western Europe

The eCommerce Software market in Central & Western Europe is anticipated to witness significant growth in the coming years.
According to projections, the revenue is expected to reach US$1.33bn by 2024.
Furthermore, a steady annual growth rate (CAGR 2024-2029) of 3.33% is estimated, resulting in a market volume of US$1.57bn by 2029.
When it comes to the average Spend per Employee in the eCommerce Software market, it is projected to reach US$7.68 by 2024.
This indicates that companies in Central & Western Europe are investing wisely in their workforce to maximize efficiency and productivity.
In terms of global comparison, United States is expected to generate the highest revenue in the eCommerce Software market.
Projections indicate that United States will generate US$4.36bn in 2024, solidifying its position as a dominant player in the industry.
In Germany, there is a growing trend of small businesses adopting eCommerce software to expand their online presence and reach a wider customer base.

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 Central & Western Europe has been experiencing a steady growth in recent years.

Customer preferences: Customers in Central & Western Europe are increasingly turning to online shopping due to its convenience and the ability to compare prices. Additionally, the COVID-19 pandemic has accelerated the shift towards eCommerce as people are avoiding physical stores and opting for online shopping instead. This has led to an increase in demand for eCommerce software solutions that can provide a seamless and secure online shopping experience.

Trends in the market: Germany has the largest eCommerce market in Central & Western Europe, with a high percentage of online shoppers. The trend towards mobile shopping is also on the rise in Germany, with many consumers preferring to shop on their smartphones. France is another key market in the region, with a growing number of eCommerce startups and a focus on sustainable and ethical shopping. In the United Kingdom, Brexit has led to uncertainty in the eCommerce market, but the country still remains a major player with a high level of online shopping activity.

Local special circumstances: In Italy, there is a strong preference for local eCommerce platforms rather than international ones. This is due to the cultural importance placed on supporting local businesses. Spain has a growing eCommerce market, with a focus on fashion and beauty products. The country also has a high rate of mobile shopping. The Netherlands has a unique eCommerce market, with a high level of cross-border shopping due to its central location in Europe.

Underlying macroeconomic factors: The eCommerce Software market in Central & Western Europe is being driven by the overall growth of the eCommerce industry in the region. The rise of mobile shopping and the increasing popularity of online marketplaces are also contributing to the growth of the market. Additionally, the COVID-19 pandemic has highlighted the importance of eCommerce as a way to maintain business operations and reach customers during times of crisis. As a result, businesses are investing in eCommerce software solutions to stay competitive in the 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.

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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.