eCommerce Software - New Zealand | Statista Market Forecast

The eCommerce Software market in New Zealand is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is anticipated to reach NZ US$25.18m by 2024.
Furthermore, it is predicted that the market will exhibit a compound annual growth rate (CAGR) of 3.52% from 2024 to 2029, resulting in a market volume of NZ US$29.93m by the end of the forecast period.
When considering the average Spend per Employee in the eCommerce Software market, it is estimated to be NZ US$8.46 in 2024.
This figure indicates the amount of money spent on each employee within this market segment.
In terms of global comparison, United States is expected to generate the highest revenue in the eCommerce Software market.
Projections indicate that the revenue United States will amount to US$4.36bn in 2024.
This highlights the significant market presence and dominance of the United States in this sector.
New Zealand's eCommerce software market is thriving, with a strong emphasis on user-friendly interfaces and seamless integration with local payment gateways.

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

New Zealand, a country known for its breathtaking scenery and rich Maori culture, has seen significant growth in its eCommerce Software market in recent years.

Customer preferences: New Zealanders are known to be tech-savvy and early adopters of new technologies. This has led to a growing demand for eCommerce software that can provide a seamless shopping experience to customers. Additionally, the rise of mobile usage in New Zealand has also contributed to the growth of eCommerce software as consumers increasingly prefer to shop online using their mobile devices.

Trends in the market: The eCommerce Software market in New Zealand has been growing steadily in recent years. One of the major trends in the market is the increasing popularity of cloud-based eCommerce software. This trend is driven by the need for businesses to have a flexible and scalable solution that can adapt to their changing needs. Another trend in the market is the growing importance of data analytics and personalization. As more businesses move online, they are looking for ways to better understand their customers and provide a personalized shopping experience.

Local special circumstances: New Zealand has a relatively small population compared to other developed countries, which presents both challenges and opportunities for eCommerce businesses. On the one hand, the market size is limited, which means that businesses need to be innovative and competitive to succeed. On the other hand, the small market size also means that there is less competition, which can be an advantage for businesses that are able to establish a strong presence in the market.

Underlying macroeconomic factors: New Zealand has a stable and growing economy, which has contributed to the growth of the eCommerce Software market. Additionally, the government has been supportive of the tech industry, providing funding and incentives for businesses to innovate and grow. The country's strong trade relationships with other countries in the Asia-Pacific region have also opened up opportunities for eCommerce businesses to expand their reach beyond New Zealand.

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.