Market Overview:
The global digital commerce applications market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for digital commerce applications across different industries, such as manufacturing, telecom, media & entertainment, BFSI, retail & CPG, healthcare & pharmaceuticals and travel & hospitality. Additionally, the growing trend of online shopping and rising adoption of cloud-based solutions are also contributing to the growth of this market. However, lack of awareness about digital commerce applications among small businesses is restraining the growth of this market.
Product Definition:
Digital commerce applications are software programs that allow businesses to conduct transactions online. These applications can include a variety of features, such as the ability to purchase and sell products, track inventory, and manage customer relationships.
The importance of digital commerce applications lies in their ability to help businesses streamline their operations and increase efficiency. Additionally, these applications provide a convenient way for customers to purchase goods and services online.
Hardware:
Hardware is the tangible, physical component that facilitates a transaction. The hardware used in digital commerce applications includes computers, laptops, tablets and smartphones among others. Hardware has been witnessing high growth over the past few years owing to its increasing demand across various industry verticals including retail & e-commerce, banking & financial services and entertainment industries among others.
Hardware helps in conducting transactions at lower costs as compared to software solutions which further drives its demand across different industry verticals.
Software:
Software is the set of instructions, rules, and processes that help to bring about desired results. In other words, it is a tool or method for achieving some goal or result. It can be used in various industries such as BFSI (Banking Financial Services and Insurance), retail & e-commerce among others. Software helps in streamlining business operations by facilitating easy data flow between departments within an organization thus helping achieve efficiency gains which further leads to cost reduction thereby increasing its marketability.
Application Insights:
The manufacturing segment dominated the global digital commerce applications market in 2017. The growth of this segment can be attributed to the growing use of IoT and machine learning technologies for data collection, which is further processed using big data analytics to improve production processes. For instance, a Japanese company Mitsubishi Electric Corporation developed an industrial robot with artificial intelligence capabilities that can help enhance production efficiency by identifying patterns in machine behavior and improving overall performance. Such technological advancements are expected to drive demand over the forecast period.
Telecom was the second largest application segment in 2017 owing to increasing adoption of cloud-based solutions from telecom companies such as AT&T Inc., Verizon Communications Inc., T-Mobile US Inc.
Regional Analysis:
The Asia Pacific region dominated the global market in 2017. The growth of e-commerce in APAC can be attributed to a rise in smartphone penetration, increasing internet users, and rapid urbanization resulting in the development of sophisticated infrastructure. Furthermore, growing trade activities online and rising preference for online shopping over traditional ones are driving regional growth.
North America is expected to grow at a significant rate over the forecast period owing to technological advancements such as Artificial Intelligence (AI), machine learning, robotics coupled with high demand for automation across various industries such as manufacturing & automotive and media & entertainment among others. Moreover, presence of major technology players that provide customized digital solutions will drive regional growth further.
Growth Factors:
- Increasing demand for digital commerce applications from small and medium businesses (SMBs) due to the growing trend of online shopping and the need for efficient business operations.
- The increasing demand for mobile commerce applications to cater to the growing trend of smartphone and tablet usage among consumers for online shopping.
- The increasing demand for cloud-based digital commerce applications due to their scalability, flexibility, and cost-effectiveness.
- The rising popularity of social media platforms as marketing channels, which is driving the need for social commerce applications that allow businesses to sell products directly on social media networks.
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Commerce Applications Market Research Report
By Type
Hardware, Software
By Application
Manufacturing, Telecom, Media & Entertainment, BFSI, Retail & CPG, Healthcare & Pharmaceutical, Travel & Hospitality, Energy, Resources & Utilities
By Companies
Tata Consultancy Services, International Business Machines, Infosys, Salesforce, Cognizant Technology Solution, Oracle, Visa, Shopify, Digital Turbine, Tencent Holdings
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Digital Commerce Applications Market Report Segments:
The global Digital Commerce Applications market is segmented on the basis of:
Types
Hardware, Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Telecom, Media & Entertainment, BFSI, Retail & CPG, Healthcare & Pharmaceutical, Travel & Hospitality, Energy, Resources & Utilities
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tata Consultancy Services
- International Business Machines
- Infosys
- Salesforce
- Cognizant Technology Solution
- Oracle
- Visa
- Shopify
- Digital Turbine
- Tencent Holdings
Highlights of The Digital Commerce Applications Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- By Application:
- Manufacturing
- Telecom, Media & Entertainment
- BFSI
- Retail & CPG
- Healthcare & Pharmaceutical
- Travel & Hospitality
- Energy, Resources & Utilities
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Commerce Applications Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital commerce applications are software programs that allow businesses to conduct transactions online. These applications can include features such as order management, customer service, and inventory tracking.
Some of the major players in the digital commerce applications market are Tata Consultancy Services, International Business Machines, Infosys, Salesforce, Cognizant Technology Solution, Oracle, Visa, Shopify, Digital Turbine, Tencent Holdings.
The digital commerce applications market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Commerce Applications Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Commerce Applications Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Commerce Applications Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Commerce Applications Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Commerce Applications Market Size & Forecast, 2018-2028
4.5.1 Digital Commerce Applications Market Size and Y-o-Y Growth
4.5.2 Digital Commerce Applications Market Absolute $ Opportunity
Chapter 5 Global Digital Commerce Applications Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Digital Commerce Applications Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital Commerce Applications Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Digital Commerce Applications Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 Telecom
6.2.3 Media & Entertainment
6.2.4 BFSI
6.2.5 Retail & CPG
6.2.6 Healthcare & Pharmaceutical
6.2.7 Travel & Hospitality
6.2.8 Energy
6.2.9 Resources & Utilities
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Commerce Applications Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Commerce Applications Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Digital Commerce Applications Analysis and Forecast
9.1 Introduction
9.2 North America Digital Commerce Applications Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Digital Commerce Applications Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Digital Commerce Applications Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 Telecom
9.10.3 Media & Entertainment
9.10.4 BFSI
9.10.5 Retail & CPG
9.10.6 Healthcare & Pharmaceutical
9.10.7 Travel & Hospitality
9.10.8 Energy
9.10.9 Resources & Utilities
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Digital Commerce Applications Analysis and Forecast
10.1 Introduction
10.2 Europe Digital Commerce Applications Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Digital Commerce Applications Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Digital Commerce Applications Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 Telecom
10.10.3 Media & Entertainment
10.10.4 BFSI
10.10.5 Retail & CPG
10.10.6 Healthcare & Pharmaceutical
10.10.7 Travel & Hospitality
10.10.8 Energy
10.10.9 Resources & Utilities
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Digital Commerce Applications Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital Commerce Applications Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Digital Commerce Applications Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Digital Commerce Applications Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 Telecom
11.10.3 Media & Entertainment
11.10.4 BFSI
11.10.5 Retail & CPG
11.10.6 Healthcare & Pharmaceutical
11.10.7 Travel & Hospitality
11.10.8 Energy
11.10.9 Resources & Utilities
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Digital Commerce Applications Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital Commerce Applications Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Digital Commerce Applications Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Digital Commerce Applications Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 Telecom
12.10.3 Media & Entertainment
12.10.4 BFSI
12.10.5 Retail & CPG
12.10.6 Healthcare & Pharmaceutical
12.10.7 Travel & Hospitality
12.10.8 Energy
12.10.9 Resources & Utilities
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Digital Commerce Applications Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital Commerce Applications Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Digital Commerce Applications Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Digital Commerce Applications Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 Telecom
13.10.3 Media & Entertainment
13.10.4 BFSI
13.10.5 Retail & CPG
13.10.6 Healthcare & Pharmaceutical
13.10.7 Travel & Hospitality
13.10.8 Energy
13.10.9 Resources & Utilities
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Commerce Applications Market: Competitive Dashboard
14.2 Global Digital Commerce Applications Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tata Consultancy Services
14.3.2 International Business Machines
14.3.3 Infosys
14.3.4 Salesforce
14.3.5 Cognizant Technology Solution
14.3.6 Oracle
14.3.7 Visa
14.3.8 Shopify
14.3.9 Digital Turbine
14.3.10 Tencent Holdings
