Market Insights Technology Software Enterprise Software

eCommerce Software - Taiwan

Taiwan

In 2024, the projected revenue in the eCommerce Software market in Taiwan is expected to reach US$49.32m.
Looking ahead, there is an anticipated annual growth rate (CAGR 2024-2029) of 4.53%, which will result in a market volume of US$61.56m by 2029.
It is worth noting that the average Spend per Employee in the eCommerce Software market is projected to reach US$1.90 in 2024.
In a global comparison, United States is expected to generate the highest revenue, reaching US$4,364.00m in 2024.
Taiwan's booming eCommerce software market is driven by its tech-savvy population and strong government support for digital innovation.

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

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Analyst Opinion

The eCommerce Software market in Taiwan has been experiencing significant growth in recent years.

Customer preferences: Taiwanese consumers have been increasingly turning to online shopping due to the convenience it offers. The younger generation, in particular, prefers to shop online as it saves time and allows them to compare prices easily. Moreover, the COVID-19 pandemic has accelerated the shift towards online shopping as people are avoiding physical stores.

Trends in the market: The eCommerce Software market in Taiwan has been witnessing a surge in demand for mobile commerce solutions. With the increasing use of smartphones, consumers are looking for mobile-friendly platforms that offer a seamless shopping experience. Another trend in the market is the adoption of omnichannel retailing, where retailers are integrating their online and offline channels to provide a unified shopping experience to customers.

Local special circumstances: Taiwan has a highly developed technology infrastructure which has been a key driver of the eCommerce Software market. Additionally, the government has been supportive of the digital economy, investing in initiatives to promote the growth of the sector. The rise of cross-border eCommerce has also contributed to the growth of the market, with Taiwanese consumers increasingly purchasing goods from overseas.

Underlying macroeconomic factors: Taiwan has a strong economy, with a high level of disposable income among its population. This has led to increased consumer spending, which has further fueled the growth of the eCommerce Software market. Additionally, the country has a well-educated and tech-savvy population, which has been quick to adopt new technologies. The government has also been investing in digital infrastructure, which has created a favorable environment for the growth of the eCommerce Software market.

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.