eCommerce Software - Taiwan | Statista Market Forecast

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$4.36bn in 2024.
Taiwan's booming eCommerce software market is driven by its tech-savvy population and strong government support for digital innovation.

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 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.

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.