Key regions: China, Japan, Germany, United Kingdom, France
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.
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