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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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
MOST_RECENT_UPDATE: Mar 2024
SOURCE: Statista Market Insights
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.
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
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.NOTES: Based on data from IMF, World Bank, UN and Eurostat
MOST_RECENT_UPDATE: Jan 2025
SOURCE: Statista Market Insights
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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