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eCommerce Software - Eastern Europe

Eastern Europe
  • In Eastern Europe, the eCommerce Software market is anticipated to witness a significant surge in revenue, with projections indicating a staggering figure of US$73.42m by 2025.
  • This growth is expected to continue at a steady pace, with a compound annual growth rate (CAGR 2025-2029) of 2.49%.
  • As a result, the market size is estimated to expand to US$81.01m by 2029.
  • Furthermore, when analyzing the average Spend per Employee in the eCommerce Software market, it is projected to reach US$0.62 in 2025.
  • This metric serves as a key indicator of the financial investment made by companies in this sector.
  • In terms of global comparison, it is worth noting that United States is expected to generate the highest revenue in the eCommerce Software market.
  • Projections indicate a remarkable figure of US$4.54bn in 2025.
  • This emphasizes the dominant position of the United States in the global market, highlighting its significant contribution to the overall revenue generated in this sector.
  • The eCommerce software market in Eastern Europe is experiencing rapid growth, with Poland emerging as a leading player in the region.

Revenue

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Sep 2024

SOURCE: Statista Market Insights

NOTES: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

MOST_RECENT_UPDATE: Jul 2024

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Sep 2024

SOURCE: Statista Market Insights

Key Players

MOST_RECENT_UPDATE: Mar 2024

SOURCE: Statista Market Insights

Analyst Opinion

The eCommerce Software market in Eastern Europe has been experiencing significant growth in recent years, driven by a number of factors.

Customer preferences:
One of the main drivers of growth in the eCommerce Software market in Eastern Europe is the increasing preference for online shopping among consumers. As internet penetration rates continue to rise across the region, more and more consumers are turning to online channels to purchase goods and services. This trend is particularly pronounced among younger consumers, who are more likely to be comfortable with technology and to have grown up using the internet.

Trends in the market:
One of the key trends in the eCommerce Software market in Eastern Europe is the increasing adoption of mobile devices for online shopping. As smartphone penetration rates continue to rise across the region, more and more consumers are using their mobile devices to browse and purchase products online. This trend is particularly pronounced in countries such as Russia and Poland, where mobile internet usage is among the highest in the world.Another trend in the eCommerce Software market in Eastern Europe is the growing popularity of cross-border eCommerce. As consumers become more comfortable with shopping online, they are increasingly looking to purchase products from international retailers. This trend is particularly pronounced in countries such as Ukraine and Belarus, where consumers may have limited access to certain products or brands domestically.

Local special circumstances:
One of the key challenges facing the eCommerce Software market in Eastern Europe is the relatively underdeveloped logistics infrastructure in many countries. This can make it difficult for retailers to offer fast and reliable delivery to customers, particularly in more remote areas. However, this challenge is also driving innovation in the market, with a number of companies developing new solutions for last-mile delivery and logistics.

Underlying macroeconomic factors:
The underlying macroeconomic factors driving growth in the eCommerce Software market in Eastern Europe include rising levels of disposable income and increasing urbanization rates. As more and more consumers move to cities and enjoy higher levels of income, they are able to spend more on goods and services, including online purchases. Additionally, the growing number of small and medium-sized businesses in the region is driving demand for eCommerce software solutions that can help these businesses reach new customers and grow their online sales.

Global Comparison

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Sep 2024

SOURCES: Statista Market Insights, Financial Statements of Key Players, National statistical offices

Methodology

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.

Technology

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Software: market data & analysis  - BackgroundSoftware: market data & analysis  - Cover

Key Market Indicators

NOTES: Based on data from IMF, World Bank, UN and Eurostat

MOST_RECENT_UPDATE: Jan 2025

SOURCE: Statista Market Insights

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Software development - statistics & facts

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.

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