eCommerce Software - North America

The eCommerce Software market in North America is expected to witness significant growth in the coming years.
According to projections, the market's revenue is set to reach US$4.67bn by 2024.
Furthermore, it is anticipated that the market will experience a steady annual growth rate of 3.48% between 2024 and 2029, resulting in a market volume of US$5.54bn by the end of 2029.
An interesting metric to consider is the average Spend per Employee in the eCommerce Software market.
As of 2024, it is estimated to be US$18.28.
In terms of global comparison, United States is expected to generate the highest revenue in the eCommerce Software market.
It is projected to reach US$4.36bn by 2024.
The eCommerce software market in North America is booming, with a wide range of innovative solutions tailored to meet the needs of businesses across various industries.

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 eCommerce Software market in North America has been experiencing significant growth in recent years, driven by the increasing adoption of online shopping and the need for businesses to have a digital presence.

Customer preferences: Customers in North America are increasingly turning to online shopping due to its convenience and the ability to compare prices and products easily. This has led to a surge in demand for eCommerce software that can provide a seamless shopping experience across multiple devices and platforms. Additionally, customers are placing a greater emphasis on the speed and reliability of delivery, which has led to the development of new software solutions that can streamline the fulfillment process.

Trends in the market: One of the most significant trends in the eCommerce Software market in North America is the rise of mobile commerce. With the increasing use of smartphones and tablets, customers are now able to shop from anywhere at any time, which has led to a surge in demand for mobile-friendly eCommerce solutions. Another important trend is the integration of artificial intelligence and machine learning into eCommerce software, which can help businesses to optimize their operations and provide personalized shopping experiences for customers.

Local special circumstances: The eCommerce Software market in North America is highly competitive, with a large number of vendors offering a wide range of solutions to meet the needs of businesses of all sizes. Additionally, there are a number of local regulations and standards that must be adhered to, which can impact the development and implementation of eCommerce software solutions.

Underlying macroeconomic factors: The growth of the eCommerce Software market in North America is being driven by a number of underlying macroeconomic factors, including the increasing digitization of the economy, the rise of online shopping, and the need for businesses to have a strong digital presence in order to remain competitive. Additionally, the availability of capital and investment in the technology sector has helped to fuel innovation and growth in the eCommerce software market.

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.