The retail e-commerce software market share is expected to increase by USD 6.72 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 19.58%.
This retail e-commerce software market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers retail e-commerce software market segmentations by deployment (cloud-based and on-premises) and geography (North America, APAC, Europe, South America, and MEA). The retail e-commerce software market report also offers information on several market vendors, including Adobe Inc., ClearCourse Partnership LLP, International Business Machines Corp., Optimizely Inc., Oracle Corp., Panasonic Corp., Pitney Bowes Inc., PrestaShop SA, Salesforce.com Inc., and SAP SE among others.
What will the Retail E-Commerce Software Market Size be During the Forecast Period?
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Retail E-Commerce Software Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The rise in international retailing is notably driving the retail e-commerce software market growth, although factors such as intense competition in the global retail e-commerce software market may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the retail e-commerce software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Retail E-Commerce Software Market Driver
One of the key factors driving the retail e-commerce software market is the rise in international retailing. The worldwide market is experiencing fierce competition among international retailers who are opening new outlets in emerging areas like the developing countries of APAC due to the availability of new market prospects and growing globalization. Additionally, the growing use of the Internet has expanded prospects for overseas shops to engage in trade and e-commerce. Global food stores and multinational clothing companies also permit the selling and purchase of their products and services beyond national boundaries in order to grow their enterprises. International retailing also helps nations strengthen their economies since increased tax revenue from import and export of goods fuels the market’s expansion during the forecast period. Additionally, for the central management of retail operations, businesses with global operations need cutting-edge technologies like retail e-commerce software. As a result, decisions about personnel, finances, and logistics are made better. Modern technologies are also utilized at the operational levels of retail establishments, such as electronic point of sale (EPOS). Therefore, it is anticipated that the expansion of global retailing would increase the use of retail e-commerce software, propelling the market.
Key Retail E-Commerce Software Market Trend
Integration of novel technologies with retail e-commerce software is another factor supporting the retail e-commerce software market growth in the forecast period. With the development of technologies like advanced analytics, machine learning, cloud computing, big data, and IoT, as well as the growing demand for retail establishments to undergo digital transformation, the dynamics of the industry under consideration are continuously evolving. Additionally, merchants are frequently reviewing their business plans and available resources. Additionally, cloud computing has grown to be a significant area of change for companies. While this is happening, service providers and consulting firms are being encouraged to create various solutions, such as data management solutions, and to enhance security and integration with on-premises applications. This is due to the growing maturity of cloud technology across a variety of applications, such as SaaS e-commerce. Additionally, it is anticipated that the combination of powerful data analytics and retail e-commerce software would aid in the development of sophisticated models that will facilitate and speed up the management of retail e-commerce. In order to increase productivity and obtain business insight, vendors are also expected to implement the meta-intelligence idea in retail e-commerce software. As a result, it is anticipated that during the projection period, the integration of novel technologies with retail e-commerce software will benefit the market under consideration.
Key Retail E-Commerce Software Market Challenge
Intense competition in the retail e-commerce software market will be a major challenge for the data center market during the forecast period. The worldwide retail e-commerce software market is very competitive because local and foreign vendors are present in it. Local players make a substantial market contribution with their software designs that are cost-effectively tailored to the needs of regional shops. Large retail e-commerce software companies face obstacles as a result of these players’ low-cost services. Additionally, local retail e-commerce software firms that favor department stores, independent e- commerce websites, resellers, brand manufacturers, mass and small retailers, and novelty shops compete fiercely with global software firms participating in the industry. Furthermore, by offering a more affordable and effective distribution network for a variety of goods and merchandise, e-commerce websites allow businesses to strengthen their market position. Because there is less product differentiation, there is also more competition, so businesses must constantly innovate, plan retail operations, create license agreements, develop new models, and offer the most recent information. The expansion of the market will face significant obstacles due to this fierce rivalry throughout the anticipated time.
This retail e-commerce software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global retail e-commerce software market as a part of the global IT consulting and other services market within the global IT services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the retail e-commerce software market during the forecast period.
Who are the Major Retail E-Commerce Software Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Adobe Inc.
- ClearCourse Partnership LLP
- International Business Machines Corp.
- Optimizely Inc.
- Oracle Corp.
- Panasonic Corp.
- Pitney Bowes Inc.
- PrestaShop SA
- Salesforce.com Inc.
- SAP SE
This statistical study of the retail e-commerce software market encompasses successful business strategies deployed by the key vendors. The retail e-commerce software market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.
Product Insights and News
- Adobe Inc. – The company offers e-commerce software namely Magento commerce.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The retail e-commerce software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Retail E-Commerce Software Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the retail e-commerce software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global IT consulting and other services market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.
Which are the Key Regions for Retail E-Commerce Software Market?
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35% of the market’s growth will originate from North America during the forecast period. The US is the key markets for retail e-commerce software market in North America. Market growth in this region will be faster than the growth of the market in other regions.
Increasing purchases from online retail stores will facilitate the retail e-commerce software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The recent COVID-19 outbreak has positively impacted the growth of the regional retail e-commerce software market. According to a United Nations Conference on Trade and Development (UNCTAD) report published on May 3, 2021, the US witnessed an increase in online retail sales, from USD 519.6 million in 2018 to USD 791.7 million in 2020. This is proving beneficial for the adoption of retail e-commerce software, as a huge number of people are opting for e-commerce for their shopping needs. Hence, the retail e-commerce software market is estimated to register steady growth in the region during the forecast period.
What are the Revenue-generating Deployment Segments in the Retail E-Commerce Software Market?
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The retail e-commerce software market share growth by the segments. The cloud-based segment will be significant during the forecast period. The adoption of cloud-based solutions also eliminates the necessity of maintaining IT departments in-house. Hence, cloud-based solutions are less expensive than on-premises solutions. These solutions are maintained at a remote data center and are accessed remotely by end-users on a subscription basis. Apart from the cost-effectiveness, cloud-based retail e-commerce software also offers several other benefits, which are driving the adoption of cloud-based retail e-commerce software among end-users.
This report provides an accurate prediction of the contribution of all the segments to the growth of the retail e-commerce software market size and actionable market insights on the post-COVID-19 impact on each segment.
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Retail E-Commerce Software Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 19.58% |
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Market growth 2021-2025 |
USD 6.72 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
18.09 |
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Regional analysis |
North America, APAC, Europe, South America, and MEA |
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Performing market contribution |
North America at 35% |
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Key consumer countries |
US, China, Germany, Japan, and the UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Adobe Inc., ClearCourse Partnership LLP, International Business Machines Corp., Optimizely Inc., Oracle Corp., Panasonic Corp., Pitney Bowes Inc., PrestaShop SA, Salesforce.com Inc., and SAP SE |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Retail E-Commerce Software Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive retail e-commerce software market growth during the next five years
- Precise estimation of the retail e-commerce software market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the retail e-commerce software industry across North America, APAC, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of retail e-commerce software market vendors
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