Market Insights Technology Software Enterprise Software

eCommerce Software - G7

In 2024, the eCommerce Software market is expected to generate a revenue of US$5.92bn.
With an annual growth rate of 3.44% 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$4,364.00m 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.

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

Market

Region

Region comparison

Currency

Analyst Opinion

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.

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.