eCommerce Software - CIS | Statista Market Forecast

The projected revenue for the eCommerce Software market in 2024 is estimated to be US$65.96m.
It is expected to experience an annual growth rate of 3.27% from 2024 to 2029, resulting in a market volume of US$77.48m by 2029.
In terms of the average Spend per Employee, it is projected to reach US$0.57 in 2024.
When comparing revenue on a global scale, United States is expected to generate the highest revenue in the eCommerce Software market, with an estimated amount of US$4.36bn in 2024.
It is worth noting that these figures pertain to the market segment of eCommerce Software market.
Additionally, these projections apply to the CIS region.
In the CIS region, the eCommerce software market is experiencing significant growth, driven by the increasing number of online entrepreneurs and the demand for user-friendly and customizable 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 eCommerce Software market in CIS has been experiencing steady growth in recent years, driven by a number of factors including increasing internet penetration, rising disposable incomes, and a growing preference for online shopping.

Customer preferences: Customers in CIS countries are increasingly turning to online shopping due to the convenience and ease of use offered by eCommerce platforms. In addition, many consumers are attracted to the wider range of products available online, as well as the ability to compare prices and read reviews before making a purchase. As a result, eCommerce software providers in the region are developing more sophisticated platforms that offer a seamless user experience and a range of features designed to meet the needs of consumers.

Trends in the market: One of the key trends in the eCommerce Software market in CIS is the increasing adoption of mobile commerce. Many consumers in the region now prefer to shop on their smartphones or tablets, and eCommerce software providers are responding by developing mobile-friendly platforms that offer a range of features such as mobile payments and push notifications. Another trend is the growing importance of social media in eCommerce, with many consumers using social media platforms to discover new products and make purchasing decisions.

Local special circumstances: There are a number of local factors that are shaping the eCommerce Software market in CIS. For example, many consumers in the region are still wary of online shopping due to concerns about fraud and security. As a result, eCommerce software providers are investing in security features and developing trust-building measures such as customer reviews and ratings. In addition, many consumers in CIS countries prefer to pay for their purchases in cash on delivery, which presents a unique challenge for eCommerce software providers who must integrate this payment method into their platforms.

Underlying macroeconomic factors: The growth of the eCommerce Software market in CIS is also being driven by a number of macroeconomic factors. For example, rising disposable incomes in many countries in the region are enabling more consumers to shop online. In addition, increasing internet penetration rates are making it easier for consumers to access eCommerce platforms. Finally, the growing number of small and medium-sized businesses in the region is also driving demand for eCommerce software, as these businesses seek to expand their online presence and reach new customers.

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.