eCommerce Software - G7 | Statista Market Forecast

In 2024, the eCommerce Software market is expected to generate a revenue of US$5.92bn.
With an annual growth rate of 3.42% from 2024 to 2029, the market volume is projected to reach US$7.01bn by 2029.
The average Spend per Employee in this market is estimated to be US$14.71 in 2024.
When compared globally, United States is anticipated to generate the highest revenue, with US$4.36bn in 2024.
This makes United States a key player in the eCommerce Software market, especially considering its position as a member of the G7 countries.
In the G7 country of Japan, there is a growing trend of businesses adopting advanced eCommerce software to streamline their online sales and improve customer experience.

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 global eCommerce Software market has been growing exponentially in the recent past. As the world becomes more digital, eCommerce is becoming the preferred method of shopping for many consumers. In G7 countries, this trend is no different.

Customer preferences: Customers in G7 countries are increasingly turning to online shopping due to convenience and the ability to compare prices easily. The rise of mobile devices has made it easier for customers to shop online from anywhere at any time. Additionally, the COVID-19 pandemic has accelerated the shift to eCommerce as more people are avoiding physical stores.

Trends in the market: In the United States, eCommerce software providers are focusing on improving the customer experience by offering personalized recommendations and easy checkout processes. In Japan, eCommerce software providers are integrating social media platforms to allow customers to share their purchases with friends and family. In the United Kingdom, eCommerce software providers are focusing on improving delivery times and options to meet customer demands.

Local special circumstances: In France, there are strict regulations on eCommerce that require companies to provide clear information about products and pricing. This has led to eCommerce software providers focusing on providing transparent pricing and detailed product information. In Germany, there is a preference for local eCommerce platforms, which has led to the development of eCommerce software that integrates with local payment and shipping providers.

Underlying macroeconomic factors: The G7 countries have strong economies, which has led to increased consumer spending. Additionally, the high level of internet penetration in these countries has made it easier for consumers to shop online. The COVID-19 pandemic has also played a role in the growth of the eCommerce market as more people are avoiding physical stores.

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.

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.