eCommerce Software - Mozambique | Statista Market Forecast

In Mozambique, the eCommerce Software market is anticipated to witness a substantial increase in revenue, reaching a projected value of US$908.30k by 2024.
This growth is expected to continue at an annual rate of 10.70% (CAGR 2024-2029), resulting in a market volume of US$1.51m by 2029.
The average Spend per Employee in the eCommerce Software market is also forecasted to reach US$0.06 in 2024.
When comparing this market globally, it is worth noting that United States is expected to generate the highest revenue, estimated at US$4.36bn in 2024.
Mozambique's eCommerce Software market is rapidly growing, fueled by the country's increasing internet penetration and tech-savvy population.

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

Mozambique, a country located in southeastern Africa, has been experiencing a surge in eCommerce Software market growth in recent years.

Customer preferences: The increasing adoption of smartphones and the internet has led to a rise in online shopping. Mozambican consumers are becoming more comfortable with online shopping, which has led to an increase in demand for eCommerce Software. With the rise of eCommerce, there has been a shift in consumer preferences towards convenience, affordability, and a wider range of products.

Trends in the market: The eCommerce Software market in Mozambique is growing rapidly, with more and more businesses adopting eCommerce platforms to reach a wider customer base. The rise of social media has also played a significant role in the growth of eCommerce in Mozambique. Many businesses are using social media platforms to promote their products and services and drive traffic to their eCommerce websites. Additionally, the COVID-19 pandemic has accelerated the growth of eCommerce in Mozambique as many consumers have turned to online shopping to avoid crowded stores.

Local special circumstances: Mozambique has a young and growing population, with a high proportion of the population being under the age of 25. This demographic is tech-savvy and has a high level of internet and smartphone penetration, which has contributed to the growth of eCommerce in the country. However, Mozambique faces challenges such as poor internet infrastructure and a lack of access to financial services, which can hinder the growth of eCommerce.

Underlying macroeconomic factors: Mozambique is one of the fastest-growing economies in Africa, with a strong focus on economic diversification and the development of the private sector. The government has implemented policies to promote entrepreneurship and innovation, which has led to the growth of eCommerce in the country. Additionally, Mozambique is strategically located, with access to key regional and international markets, which presents opportunities for eCommerce businesses to expand their operations beyond the country's borders.

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.