eCommerce Software - Sweden | Statista Market Forecast

The eCommerce Software market in Sweden is expected to reach a projected revenue of US$60.84m in 2024.
This revenue is projected to grow at an annual growth rate (CAGR 2024-2029) of 3.17%, resulting in a market volume of US$71.11m by 2029.
In terms of the average Spend per Employee, it is projected to reach US$10.60 in 2024.
When compared globally, United States is expected to generate the highest revenue in the eCommerce Software market, reaching US$4.36bn in 2024.
In Sweden, the eCommerce software market is thriving with a focus on user-friendly interfaces and seamless integration with popular online marketplaces.

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

Sweden, a country known for its innovation and technological advancements, has seen a steady growth in the eCommerce software market in recent years.

Customer preferences: Swedish customers have shown a strong inclination towards online shopping, with more than half of the population making purchases online. This has led to an increase in demand for eCommerce software that provides a seamless and secure shopping experience. Customers in Sweden also prioritize sustainability, which has led to an increase in demand for eCommerce software that enables eco-friendly practices.

Trends in the market: One of the notable trends in the eCommerce software market in Sweden is the rise of mobile commerce. With the majority of the population owning smartphones, mobile commerce has become increasingly popular. This has led to a need for eCommerce software that is optimized for mobile devices and provides a smooth user experience. Another trend is the growing importance of social media in eCommerce. Social media platforms have become an important marketing tool for businesses, and eCommerce software that integrates with social media platforms has become increasingly popular.

Local special circumstances: Sweden has a highly developed digital infrastructure, with a high level of internet penetration and access to high-speed internet. This has created a favorable environment for eCommerce software companies to thrive. Additionally, Swedish consumers are known for their high purchasing power, which has led to an increase in demand for high-quality eCommerce software that provides a premium shopping experience.

Underlying macroeconomic factors: Sweden's strong economy and stable political environment have created a favorable environment for businesses to operate in. The country also has a highly skilled workforce and a culture of innovation, which has led to the development of many innovative eCommerce software solutions. Additionally, Sweden has a strong focus on sustainability, which has led to an increase in demand for eCommerce software that enables eco-friendly practices.In conclusion, the eCommerce software market in Sweden is thriving due to a combination of factors such as high internet penetration, strong purchasing power, and a culture of innovation. The rise of mobile commerce and the growing importance of social media in eCommerce are notable trends in the market. With a favorable macroeconomic environment and a focus on sustainability, the eCommerce software market in Sweden is expected to continue to grow in the coming years.

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.