Digital Commerce Platform Market By Component, Enterprise Size, End-use Industry & Region | Forecast 2023 to 2033
- Proliferation of Digital Commerce Platforms Propels the E-commerce Renaissance! FMI Unveils How These Platforms Empower Businesses to Flourish by Highlighting the Strategic Investment Opportunities in 30+ Countries.
Expanding at an impressive CAGR of 18.2%, the global digital commerce platform market is projected to surge from a valuation of US$ 9.61 billion in 2023 to US$ 51.16 billion by 2033.
The digital commerce platform market has grown significantly over the past few years as a result of an increase in the use of these platforms by businesses in different industry verticals. This growth is expected to continue in the foreseeable future, driven by several factors such as the rising penetration of e-commerce, the proliferation of mobile devices, and the rising popularity of the omnichannel sales method. The convergence of technology and consumer behavior has resulted in a shift toward online shopping, which has been driving the adoption of digital commerce platforms.
As companies want to improve their online presence and take advantage of the expanding e-commerce sector, they are one of the principal elements driving demand for these platforms. Therefore, digital commerce platform vendors are ramping up their efforts to provide innovative and customizable digital commerce solutions that cater to the specific needs of different businesses.
Another key driver of the market is the growing trend of digital commerce consulting. Businesses are increasingly turning to digital commerce consultants for guidance as they try to make their way through the industry’s complicated terrain and find the platform that perfectly suits their specific requirements. This trend is anticipated to persist as more companies look to optimize their digital commerce strategies and stay one step ahead of the competition.
Regarding trends, headless commerce is becoming more popular in the market which enables companies to separate the front-end user experience from the back-end setup. This strategy gives organizations flexibility in terms of technology stack and interaction with other systems. At the same time, it enables them to create a consistent experience across different channels. The introduction of AI-powered chatbots is another trend. They are employed to increase customer engagement and offer personalized recommendations.
B2B e-commerce is also growing significantly in the industry as more companies turn to B2B digital commerce as a means of fostering growth and expanding their customer base. The demand for digital commerce platforms that are tailored particularly to the requirements of B2B firms is further fueled by this trend. The requirements include the capacity to handle the complex sales process, manage large volumes of transactions, and support diverse payment and pricing models.
Businesses in various sectors, including retail, healthcare, and finance, can take advantage of the market’s numerous potential. The integration of digital commerce platforms with existing systems has the potential to increase operational efficacy, save expenses, and advance consumer engagement. Furthermore, new business models like peer-to-peer marketplaces and subscription-based services have made it possible for businesses to utilize digital commerce platforms in new and innovative ways.
Looking ahead, digital commerce platform vendors have various future opportunities to capitalize on. For example, the rising popularity of social commerce and the increasing usage of artificial intelligence and machine learning in digital commerce is likely to fuel the demand for innovative and advanced digital commerce solutions. Moreover, the growing adoption of mobile devices and cloud computing is anticipated to open up new opportunities for digital commerce platform market players to diversify their product portfolios and attract new customers.
Attributes
Details
Digital Commerce Platform Market Value (2023)
US$ 9.61 billion
Digital Commerce Platform Market Expected Value (2033)
US$ 51.16 billion
Digital Commerce Platform Market Projected CAGR (2023 to 2033)
18.2%
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How The Market Progressed Till 2022?
Market Statistics
Details
H1, 2021 (A)
16.0%
H1, 2022 Projected (P)
15.9%
H1, 2022 Outlook (O)
16.3%
BPS Change : H1, 2022 (O) - H1, 2021 (P)
(+) 40 ↑
BPS Change : H1, 2022 (O) - H1, 2021 (A)
(+) 27 ↑
According to Future Market Insights, the adoption of virtual platforms for seamless business transactions encourages companies to implement online commerce platforms. The global digital commerce platform market has grown dramatically, owing to increased customer digital literacy.
Digital commerce platforms have proven to be extremely effective in acquiring large customer bases, allowing service providers and retailers to increase sales and influence existing trends.
According to FMI analysis, the variation between the BPS values observed in the digital commerce platform market in H1, 2022 - Outlook over H1, 2022 Projected reflects a spike of 40 units. Moreover, compared to H1, 2021, the market is expected to propel by 27 BPS in H1 -2022. Businesses are effectively leveraging cloud-based and on premise digital commerce solutions to sustain their businesses as the COVID-19 pandemic intensifies.
Big data analytics has been widely used to streamline business processes over the years. In the retail and e-Commerce industries, data analytics applications are growing at an exponential rate to ascertain profits, losses, purchases, and to attract large number of customers based on their purchasing behavior.
However, numerous instances of cyber fraud and identity theft have discouraged many customers from using the virtual landscape, limiting future growth prospects.
Digital Commerce Platform Demand Analysis (2017 to 2022) Vs. Market Forecast Outlook (2023 to 2033)
Credible Emphasis on Data Analytics Driving Market Expansion
During the historical period of 2017 to 2022, the digital commerce platform market expanded at a CAGR of 8%.
The global digital commerce platform market has witnessed spectacular gains, attributed to deepening digital literacy among customers. As the world becomes increasingly digitized, demand for virtual platforms for easy business conduct is driving companies to encourage online commerce platforms.
As the COVID-19 pandemic intensifies, businesses are effectively leveraging on premise and cloud-based digital commerce solutions to sustain their businesses. Furthermore, growth is likely to perpetuate even in the post-pandemic scenario.
Over the years, big data analytics have been highly leveraged to streamline business processes. There is exponential growth in data analytics applications in the retail and e-Commerce industry to ascertain purchases, profits, losses and attract more consumers based on their purchasing behavior.
A key application is in designing recommendation engines. Digital commerce platforms have proven highly useful in garnering massive customer bases, thus helping retailers and service providers expand their sales and dictate existing trends.
Sustained growth is anticipated across all horizons as businesses embrace digital transformation and leverage emerging technologies to drive innovation and growth.
Timeframe
Growth Opportunities
Short Term (2023 to 2026)
Increased demand for digital solutions owing to evolving consumer preferences.
The accelerated pace of digital transformation because of the Covid-19 pandemic.
Rise of social media, e-commerce, and mobile commerce platforms.
Medium Term (2027 to 2029)
Continued adoption of digital commerce platforms for customer engagement, operational efficiency, and global expansion.
the rise of cutting-edge technologies like blockchain, AI, and machine learning
Integration of these technologies to optimize supply chain management and enhance security and transparency.
Long Term (2030 to 2033)
Shift toward more immersive and interactive shopping experiences.
Utilization of augmented reality and virtual reality technology is expected to rise.
Rise of the Internet of Things for connected devices and intuitive shopping experience
The global digital commerce platform market is anticipated to rise at a CAGR of 18.2% from 2023 to 2033.
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Which Factors are Driving Digital Commerce Platform Market Growth?
Continuous Development of e-Commerce Channels Augmenting Market Growth
Growing Preference for Cloud-based Solutions
In recent years, cloud hosting has enabled industries to consolidate their e-Commerce platforms, ensuring greater scalability and maintenance of operational stability. Furthermore, cloud-based digital commerce platforms help improve speed in terms of navigation by the customer.
The shift from on-premise to cloud deployment has prompted vendors to offer various platforms, ranging from software-as-a-service (SaaS), e-Commerce platforms, platform-as-a-service (PaaS), and infrastructure-as-a-service (IaaS) solutions respectively.
Subscription-based Business Models to Attract Credible Opportunities
Subscription commerce is expanding at an exponential rate. Currently, over half of e-Commerce service subscribers possess multiple active subscriptions, with over two out of five men and nearly three out of ten women having three or more active subscriptions across multiple e-Commerce platforms.
Against this backdrop, prominent digital commerce platform players are finding lucrative opportunities to offer various support platforms and support & maintenance and consulting services to potential clients.
What are the Challenging Factors for Market Expansion?
Numerous instances of cyber fraud and identity theft have discouraged many customers to withdraw from the virtual landscape, thus hampering expansion prospects.
Amongst all concerns, privacy has acquired key precedence. Recent statistics point towards a worrying trend across the cybersecurity landscape. For instance, six out of ten companies had to shut down their businesses within six months of a potential cyberattack, with a quarter of these being directed towards the final payment of a product.
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Comparative Analysis of Adjacent Digital Commerce Platform Market
Digital Commerce Platform Market:
Differentiating Aspects
Digital Commerce Platform Market
CAGR (2023 to 2033)
18.2%
Market Valuation in 2023
US$ 9.61 billion
Projected Market Value in 2033
US$ 51.16 billion
Growth Factors
Demand for seamless omnichannel experiences to provide a consistent experience across several channels
Opportunities
Integration of artificial intelligence and machine learning to simplify interaction with customers
Key Trends
Increasing usage of chatbots and virtual assistance to provide a fast and efficient customer experience
Ecommerce Platform Market:
Differentiating Aspects
Ecommerce Platform Market
CAGR (2023 to 2033)
12.8%
Market Valuation in 2023
US$ 6.22 billion
Projected Market Value in 2033
US$ 20.73 billion
Growth Factors
Rise of social media platforms like Instagram and Facebook for Direct Selling
Opportunities
Development of new payment technologies to expand the reach of these platforms
Key Trends
Growth of subscription-based e-commerce models for a personalized experience
Digital Marketing Market:
Differentiating Aspects
Digital Marketing Market
CAGR (2023 to 2033)
10.7%
Market Valuation in 2023
US$ 355.35 billion
Projected Market Value in 2033
US$ 982.04 billion
Growth Factors
Increasing desire of businesses to reach consumers on-the-go and in real-time
Opportunities
Growing demand for personalized experiences for delivering highly targeted content
Key Trends
Shift toward digital-first business models for immersive marketing experience
Which Region is Set to Lead the Digital Commerce Platform Market?
Rising Adoption of Advanced Technologies Driving Market Expansion in East Asia
East Asia is expected to account 23.9% share of the digital commerce platform market in 2022. According to United Nations, manufacturing contributes nearly 30% of the East Asian giant’s economic output. Naturally, a strong e-Commerce industry has come into existence in recent years. Growing preference for advanced technologies such as AI, AR is driving the market growth in East Asia.
Alibaba is the leading e-Commerce company, specializing in B2B, B2C and C2C markets respectively. Numerous other websites such as Taobao, JD.com, Tmall, Suning.com and Xiohongshu dominate the regional e-Commerce landscape, generating progressive expansion opportunities.
Region
North America
Value in 2023
US$ 3.29 billion
CAGR % 2023 to End of Forecast(2033)
17.8%
Region
Latin America
Value in 2023
US$ 931.7 million
CAGR % 2023 to End of Forecast(2033)
19.0%
Region
Europe
Value in 2023
US$ 1.95 billion
CAGR % 2023 to End of Forecast(2033)
17.4%
Region
South Asia & Pacific
Value in 2023
US$ 1.02 billion
CAGR % 2023 to End of Forecast(2033)
19.9%
Region
East Asia
Value in 2023
US$ 1.87 billion
CAGR % 2023 to End of Forecast(2033)
18.8%
Region
Middle East & Africa
Value in 2023
US$ 498.9 million
CAGR % 2023 to End of Forecast(2033)
16.8%
Digital Commerce Platform Market Goes Global: A Comprehensive Analysis of the Market by Country
Can the United States Digital Commerce Platforms Market Show Consistent Growth?
Increasing Internet Penetration Supporting Market Expansion
North America is expected to remain a lucrative digital commerce platform market, attributed to deepening internet penetration and access to smart devices. Around 70% of households have multiple streaming subscription services in the United States.
Demand for software maintenance, design and implementation services is increasing, generating green spaces for key vendors in the United States. The market expansion in the United States is being driven by a large existing base of digital media users, growing usage of smartphones and high-speed data networks and internet services.
The burgeoning United States digital commerce platform market is a dynamic and rapidly evolving space, characterized by a constellation of technological solutions and service providers that cater to a diverse array of e-commerce needs. The nation is economically advanced and investing more in new technology. For this reason, businesses are integrating technology into their online sales channel. For instance, Design Holding S.p.A. recently acquired YDesign Group, a San Francisco-based e-commerce platform, and lighting retailer, to strengthen its digital capabilities. This was the company's first acquisition in the United States. It plans to make technology investments to enhance its online commerce activities.
Country
United States
Value in 2023
US$ 1.94 billion
Forecasted Value by 2033
US$ 10.41 billion
CAGR % 2018 to 2022
7.9%
CAGR % 2023 to End of Forecast (2033)
18.3%
Businesses are introducing additional features like the use of AI and ML in their product portfolio to improve the shopping experience for customers. The Yes, an AI-powered fashion retail site that enables customers to browse a customized feed centered on their active input on brand, style, and size, is one instance. Based in the United States, Pinterest is planning to buy The Yes. The Yes team has developed a thorough fashion taxonomy that blends decision-making and machine learning to power a full fashion algorithm.
In order to boost their market share, e-commerce businesses are also using native marketing strategies. For instance, the media company Kojiki purchased the e-commerce news and resource website TodaysEcommerce.com. The purchase is one of several actions the company is taking as part of its expansion goals until 2022. The acquired subsidiaries have grown significantly under the parent business since their acquisitions. The Kojiki-affiliated Today's E-commerce has obtained a large financial allocation for its expansion, which involves bolstering the website's global reach and digital infrastructure. In order to develop into new foreign markets, modern e-commerce plans to penetrate the United States market.
How are Traditional Businesses Embracing Digital Transformation in the United Kingdom?
The Digital Commerce Platform Market in the United Kingdom is Primed for Additional Expansion as more Traditional Businesses Move Online
The modern environment of the United Kingdom has led to the emergence of the digital commerce platform market as a booming industry. This market is distinguished by its dynamic and fluid nature and serves a wide range of commercial interests in many industries. The realm of digital commerce platforms in this country has undergone a transformation, evolving from a simple structure into a complex ecosystem rich in advanced features and functions.
Country
United Kingdom
Value in 2023
US$ 363.3 million
Forecasted Value by 2033
US$ 2.32 billion
CAGR % 2018 to 2022
10.2%
CAGR % 2023 to End of Forecast (2033)
20.4%
The proliferation of these platforms has been felicitated by a host of factors including the growing prevalence of e-commerce, the widespread adoption of mobile devices, and the increasing demand for personalized and on-demand services. Hootsuite estimates that in 2021, more than 85% of citizens in the United Kingdom are already making online purchases. The United Kingdom has been embracing e-commerce like never before. The convenience of using alternative payment methods in addition to traditional cash transactions is fueling the country's growing e-commerce industry.
The United Kingdom digital commerce platform market is characterized by a fast-changing regulatory environment, with the regulatory bodies attempting to find a balance between promoting innovation and defending the interests of consumers. The market players are also cognizant of the need to comply with the regulatory framework, while also ensuring the security and privacy of their customer’s personal information.
How is Germany’s Mobile-first Market Driving Demand for Mobile-friendly Digital Commerce Platforms?
E-commerce and M-commerce Lead the Way in Germany’s Digital Commerce Platform Sector
For merchants looking to expand their online presence globally, Germany is a desirable market. The market is replete with a plethora of advanced platforms that enable seamless and secure transactions between buyers and sellers across a range of industries and domains. The flourishing economy and robust digital infrastructure have contributed significantly to the proliferation of digital commerce activities. In this context, digital commerce platforms have arisen as a fundamental enabler of the country’s digital economy.
Country
Germany
Value in 2023
US$ 428.5 million
Forecasted Value by 2033
US$ 2.31 billion
CAGR % 2018 to 2022
8.2%
CAGR % 2023 to End of Forecast (2033)
18.4%
The Germany digital commerce platform market has witnessed a veritable surge in demand. Germany has emerged as a fertile ground for the growth of digital commerce platforms, with the proliferation of diverse e-commerce channels and the growing adoption of mobile devices. Given the large percentage of people who own smartphones, the e-commerce market in Germany has been expanding. Also, Germany's mobile commerce business is expanding as a result of the country's increasing m-commerce usage. It is anticipated that this development could continue as businesses enhance their mobile websites and offer even more practical ways to shop on mobile devices.
How is the Government of India Regulating the Digital Commerce Platform Sector to Ensure Fair Competition?
Indian Government Introduces New Policies to Boost E-commerce and Digital Commerce Platform Industry Growth
The increasing availability of high-speed internet and the growing number of digital payment solutions have further boosted the prospects of the India digital commerce platform market. The number of internet connections increased substantially to 830 million in 2021 as a result of the "Digital India" initiative. 55% of internet connections were made in urban areas, and 97% of those connections were wireless.
Country
India
Value in 2023
US$ 290.6 million
Forecasted Value by 2033
US$ 2.28 billion
CAGR % 2018 to 2022
12.7%
CAGR % 2023 to End of Forecast (2033)
22.9%
The Indian government's Digital India initiative, according to the India Brand Equity Foundation (IBEF), intends to transform the country into a trillion-dollar internet economy by 2025. It has resulted in the creation of a fresh advisory council to examine and assess the creation of a government e-commerce platform. Also, a new committee has been established by the Commerce Ministry to assess the Open Network for Digital Commerce (ONDC) plan. The government is funding ONDC, an e-commerce platform that intends to offer the infrastructure for the final store, which could mirror Flipkart and Amazon. These improvements are anticipated to propel the market in India.
During the pandemic, the Directorate for Promotion of Industry and Internal Trade (DPIIT) collaborated with tech industry professionals and startup business owners to launch the ONDC, a non-profit project. According to its proponents, India has the chance to demonstrate to the rest of the world how to democratize and unify all digital commerce on a single platform for the benefit of customers and other stakeholders, much like how UPI (Unified Payments Interface) has dismantled the monopolies of banks and financial institutions.
Why is Demand for Digital Commerce Platforms Surging in China?
Increasing Consumer Disposable Income Supporting Demand for Digital Commerce Platforms
The East Asia digital commerce platform market is likely to be led by China, the world’s leading manufacturing hub. With over 600 million internet users, China is the significantly expanding e-Commerce market in the world.
Because of shifting customer preferences and an easier path to buy due to the increased use of digital commerce platforms by the urban population, the digital commerce platform market in China is growing at a rapid pace. Rising government initiatives to promote digitalization and rising disposable income are driving the market growth in China.
The China digital commerce platform market is a burgeoning ecosystem that has witnessed exponential growth in recent times, catalyzed by rapid advancements in technology and the proliferation of e-commerce.
Country
China
Value in 2023
US$ 829.2 million
Forecasted Value by 2033
US$ 5.62 billion
CAGR % 2018 to 2022
10.9%
CAGR % 2023 to End of Forecast (2033)
21.1%
In less than five years, digital commerce in China has revolutionized the retail sector and grown to become a significant sales channel. While merchants altogether in the West are far behind China in the quest for digital commerce, early movers are also trying to rack up significant revenues. The top E-commerce market in the world is China given its massive population. During the past several years, the e-commerce business in China has grown quickly, typically due to the country's high internet and smartphone penetration rates, rising consumer trust in online buying, the rise of e-commerce platforms, and the availability of numerous alternative payment options.
How is Digital Commerce Platform Market in Japan Unique Compared to Other Countries?
Japan’s Digital Commerce Platform Sector Poised for Further Expansion as more Consumers Embrace Online Shopping
Japan's digital commerce sector is undergoing a huge revolution as a result of the country's population moving away from traditional brick-and-mortar retailers and towards online retailers. High urban density, tech-savvy clientele, and a sophisticated economy all assist e-commerce businesses in the area, which also draws in more e-commerce businesses. The market in the nation is being further driven by digital advertising in the region. Prominent E-commerce firms like Rakuten, Yahoo! Auction Shopping, and Amazon Japan typically integrate product feeds and shopping advertisements alongside search and display ads, which are predominantly utilized by brands and advertising agencies.
Country
Japan
Value in 2023
US$ 610 million
Forecasted Value by 2033
US$ 2.95 billion
CAGR % 2018 to 2022
7.5%
CAGR % 2023 to End of Forecast (2033)
17.1%
The sector has witnessed a significant surge in demand, primarily driven by the widespread adoption of e-commerce in Japan. The Japan digital commerce market, as a result, is projected to experience continued growth during the forecast period. The development of social commerce is also accelerating the expansion of the regional e-commerce market. In Japan, e-commerce enterprises advertise their goods and services on social media, work with influencers and celebrities, and employ sponsored material. Despite having access to international social media sites like Twitter and Facebook, Line, a multi-featured program comparable to WhatsApp, is the widely used social media network in Japan.
Digital Commerce Platform Market: Unveiling Market Dynamics through Segment-wise Analysis
Segment
Enterprise Size
Attributes
Small & Medium Enterprises
Value in 2023
US$ 3.91 billion
CAGR % 2023 to End of Forecast(2033)
19.4%
Segment
End-use Industry
Attributes
Electronics
Value in 2023
US$ 2.44 billion
CAGR % 2023 to End of Forecast(2033)
20.8%
Which Enterprise Size is a Dominant User of Digital Commerce Platforms?
Small & Medium Enterprises Flourishing Due to Expanding Consumer Base
As governments worldwide look to promote small-scale businesses, small and medium enterprises (SMEs) are penetrating various industrial verticals, generating credible revenue pools. Emerging economies are especially dependent on SMEs to further trade volumes. Consequently, internet security and service solutions sales for the same are gaining momentum.
Platforms for digital commerce provide SMEs with an affordable option to grow their customer base. This makes it easy for SMEs to enter the market since these platforms often have cheaper setup and maintenance expenses than conventional stores. These platforms provide businesses freedom in how they can market and sell their goods and services. Digital commerce platforms provide these enterprises the freedom to select their chosen delivery choices, payment options, and sales channels, enabling them to better cater to their target audience.
Being early adopters of advanced technology like AI and VR, digital commerce platforms help SMEs to stay competitive and provide their customers with a more engaging shopping experience. Prominent digital commerce software for SMEs include Wix eCommerce, Shopify, Ecwid, Weebly eCommerce, Volusion, Square Online Store, BigCommerce, Squarespace Commerce, WooCommerce and GoDaddy eCommerce to name a few.
Which End-use Industry Emerges as Key Market Contributor?
Electronic Industry to Remain Primary Revenue Generator Because of Rapid Deployment of Online Platforms
The electronics industry is a rapidly growing industry that has been increasingly adopting digital commerce platforms to reach new customers and expand its sales channels. With the growth in population, urbanization, and technical breakthroughs, demand for electronic goods is always rising. More firms have entered the electronics market as a consequence, developing the necessity to reach out to new customers through digital commerce platforms.
The electronic sector has a global presence owing to its numerous suppliers and manufacturers. Digital commerce platforms help these businesses to expand their reach beyond the conventional retail store and tap into new markets. Technology is advancing rapidly in the electronic industry, as well as new products and features are regularly introduced. By swiftly releasing new products, monitoring customer preferences, and adapting to shifting market trends, digital commerce platforms help businesses stay ahead of the curve.
Race of Dominance: Competitive Landscape Analysis of Digital Commerce Platform Market
Business entities are leveraging digital commerce platforms to further virtual learning programs to better equip employees for future uncertainties. As the global virtual space expands, business entities are scrambling to incorporate the highly advanced digital commerce software within their scope of operations. Compelling solution providers to constantly launch new products equipped with contemporary advancements.
Top Market Players and their Recent Developments in Digital Commerce Platform Market
Shopify Inc. (Shopify): It is a supplier of multi-channel, cloud-based digital commerce platforms. The company's software enables retailers to create, manage, and sell their goods across a variety of sales channels, including social media, physical retail locations, pop-up shops, marketplaces, web and mobile storefronts, and physical retail locations. Moreover, it helps retailers to handle orders, payments, shipping, customer relations, analytics, and reporting all from the back office while also managing items and inventories. The firm sells its services to small and medium-sized business merchants and operates under the Shopify brand.
In January 2023, by reimagining business retail, Shopify ushered in its next phase of development. The company launched Commerce Components by Shopify which is a contemporary and modular stack for business retail. Retailers can use it to interface with their own systems.
In May 2022, for independent retailers, Shopify introduced Shopify Audiences, a marketing tool. Shopify Audiences leverages its own platform to assist retailers in locating potential clients who are highly motivated to buy their goods. Moreover, it was claimed that Shopify Plus merchants could sync Shopify Audiences with Facebook and Instagram at launch and that this capability might subsequently be extended to other platforms including Snap, Criteo, Pinterest, TikTok, Microsoft Advertising, and others.
In August 2021, to assist retailers in meeting shifting consumer demands, Shopify introduced Integrated Retail Hardware and Payments to Germany. As the bulk of consumers plans to buy at physical stores after the pandemic, retailers could gain from integrating the online and offline shopping experiences.
In November 2020, Shopify Inc. announced a partnership with Alipay in order to support merchants with cross-border payments. This new platform is likely to permit Shopify merchants to accept payments through Alipay from over 1 billion active users across China alone.
SAP SE (SAP): It sells enterprise application software and services associated with the software. Enterprise resource planning and financial management, intelligent technologies, analytics, digital platforms, digital supply chains, networks, speed management, and customer experience are just a few of the many solutions it offers. The firm provides a wide selection of corporate software and business applications that are made for technology operations, analytics, cloud, mobile, and database applications.
In March 2023, SAP SE announced that Swarovski decided to shift its whole SAP software-based digital backbone and e-commerce landscape to the cloud. The aim is to save costs and increase productivity. Swarovski selected the RISE with SAP solution and the SAP Commerce Cloud solution for the operation.
In March 2023, the current version of its data management portfolio, the SAP Datasphere solution, was introduced by SAP. Customers can easily access data that is fit for business throughout the whole data environment owing to this. Moreover, SAP announced strategic alliances with market-leading data and AI firms Collibra NV, Confluent Inc., Databricks Inc., and DataRobot Inc. to enhance SAP Datasphere and enable businesses to build unified data architectures that safely integrate SAP software data with non-SAP data.
In May 2022, SAP SE unveiled new technologies at the SAP Sapphire conference in Florida that provide clients with business value in four crucial areas: supply chain resilience, sustainability, business process transformation, and no-code application development. With cloud-based solutions that offer the end-to-end business process support clients primarily require, it is likely to help SAP customers speed up their transformation journey.
In December 2020, BT Group implemented SAP SE’s SuccessFactors Learning solution with access to LinkedIn Learning to improve efficiency and performance.
Oracle Corp (Oracle): It is a supplier of cloud-based business solutions. The business sells hardware systems, software for databases and middleware, applications, and cloud infrastructure. Moreover, it provides integrated cloud solutions, including IaaS and SaaS. Oracle sells licenses for new on-premises software, upgrades licenses, and provides solutions for associated support. System integrators, resellers, and independent software and hardware suppliers are how the firm advertises its solutions. Hardware, servers, storage, networking, and industry-specific solutions are among the on-site services and products it provides.
In March 2023, to cut costs and speed up the development of new service offerings, Vivo stated that it's going to move critical data and business activities from its data center in Campinas, So Paulo, to Oracle Cloud Infrastructure. Since OCI can help Vivo satisfy customer demand and cut IT expenses without losing operational concerns, Vivo selected OCI as the ideal cloud provider.
In February 2023, KDDI Company stated that it has selected Oracle Database to update its customer loyalty program, au Ponta Points Program, and au PAY, its online payment brand. Through collaboration with Oracle, the processing of au Pay payments is now five times faster than it was previously, and the processing speed of the au Ponta Points Program has increased by 200%. Oracle further enables KDDI to create new services and apps 30% faster, assisting KDDI in meeting changing client demands.
Key Players
Shopify Inc.
SAP SE
Oracle Corporation
Magento Commerce
Salesforce.com Inc.
BigCommerce
WooCommerce
Sitecore
Kentico Software
Unilog Content Solutions Pvt Ltd.
Key Segments of Digital Commerce Platform Industry Survey
By Component:
Digital Commerce Platform Solutions
Digital Commerce Platforms
e-Commerce APIs
Digital Commerce Platform Services
Design & Implementation
Consulting
Support & Maintenance
By Enterprise Size:
Small and Medium Enterprises (SMEs)
Large Enterprises
By End-use Industry:
Food & Beverages
Fashion & Apparels
Health & Beauty
Electronics
Automotive
Home & Furniture
Media & Entertainment
Others
By Region:
North America Digital Commerce Platform Market
Latin America Digital Commerce Platform Market
Europe Digital Commerce Platform Market
East Asia Digital Commerce Platform Market
South Asia & Pacific Digital Commerce Platform Market
Middle East & Africa (MEA) Digital Commerce Platform Market
Frequently Asked Questions
What is the Current Valuation of Global Digital Commerce Platform Market?
The market is estimated to be valued US$ 9.61 billion in 2023.
What is the Historical Scenario of Global Digital Commerce Platform Market?
The market recorded US$ 8.25 billion in 2022, exhibiting a CAGR of 8%.
What is the Growth Outlook for the Global Digital Commerce Platform Market?
The global market is expected to progress at a CAGR of 18.2%.
Which Region is Estimated to Clinch the Maximum Share in the Global Digital Commerce Platform Market?
North America is expected to hold the maximum share in the global market.
What is the Future Prospect of the Global Digital Commerce Platform Market?
The global market is predicted to account for US$ 51.16 billion by 2033.
Table of Content
1. Executive Summary | Digital Commerce Platform Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
5.3.1. Solution
5.3.2. Service
5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Business Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Business Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Business Type, 2023 to 2033
6.3.1. Business-to-Business
6.3.2. Business-to-Consumer
6.4. Y-o-Y Growth Trend Analysis By Business Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Business Type, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Enterprise Size
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Enterprise Size , 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Enterprise Size , 2023 to 2033
7.3.1. Small and Medium Enterprises
7.3.2. Large Enterprises
7.4. Y-o-Y Growth Trend Analysis By Enterprise Size , 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Enterprise Size , 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use Industry
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By End-use Industry, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-use Industry, 2023 to 2033
8.3.1. BFSI
8.3.2. Automotive
8.3.3. Manufacturing
8.3.4. Retail Household Goods
8.3.5. Healthcare & Pharmaceuticals
8.3.6. Media & Entertainment
8.3.7. Others
8.4. Y-o-Y Growth Trend Analysis By End-use Industry, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By End-use Industry, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. South Asia
9.3.5. East Asia
9.3.6. Oceania
9.3.7. MEA
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. The USA
10.2.1.2. Canada
10.2.2. By Component
10.2.3. By Business Type
10.2.4. By Enterprise Size
10.2.5. By End-use Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By Business Type
10.3.4. By Enterprise Size
10.3.5. By End-use Industry
10.4. Key Takeaways
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Component
11.2.3. By Business Type
11.2.4. By Enterprise Size
11.2.5. By End-use Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By Business Type
11.3.4. By Enterprise Size
11.3.5. By End-use Industry
11.4. Key Takeaways
12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. United Kingdom
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Europe
12.2.2. By Component
12.2.3. By Business Type
12.2.4. By Enterprise Size
12.2.5. By End-use Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Business Type
12.3.4. By Enterprise Size
12.3.5. By End-use Industry
12.4. Key Takeaways
13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Malaysia
13.2.1.3. Singapore
13.2.1.4. Thailand
13.2.1.5. Rest of South Asia
13.2.2. By Component
13.2.3. By Business Type
13.2.4. By Enterprise Size
13.2.5. By End-use Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By Business Type
13.3.4. By Enterprise Size
13.3.5. By End-use Industry
13.4. Key Takeaways
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Component
14.2.3. By Business Type
14.2.4. By Enterprise Size
14.2.5. By End-use Industry
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Component
14.3.3. By Business Type
14.3.4. By Enterprise Size
14.3.5. By End-use Industry
14.4. Key Takeaways
15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. Australia
15.2.1.2. New Zealand
15.2.2. By Component
15.2.3. By Business Type
15.2.4. By Enterprise Size
15.2.5. By End-use Industry
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Component
15.3.3. By Business Type
15.3.4. By Enterprise Size
15.3.5. By End-use Industry
15.4. Key Takeaways
16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
16.2.1. By Country
16.2.1.1. GCC Countries
16.2.1.2. South Africa
16.2.1.3. Israel
16.2.1.4. Rest of MEA
16.2.2. By Component
16.2.3. By Business Type
16.2.4. By Enterprise Size
16.2.5. By End-use Industry
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Component
16.3.3. By Business Type
16.3.4. By Enterprise Size
16.3.5. By End-use Industry
16.4. Key Takeaways
17. Key Countries Market Analysis
17.1. USA
17.1.1. Pricing Analysis
17.1.2. Market Share Analysis, 2022
17.1.2.1. By Component
17.1.2.2. By Business Type
17.1.2.3. By Enterprise Size
17.1.2.4. By End-use Industry
17.2. Canada
17.2.1. Pricing Analysis
17.2.2. Market Share Analysis, 2022
17.2.2.1. By Component
17.2.2.2. By Business Type
17.2.2.3. By Enterprise Size
17.2.2.4. By End-use Industry
17.3. Brazil
17.3.1. Pricing Analysis
17.3.2. Market Share Analysis, 2022
17.3.2.1. By Component
17.3.2.2. By Business Type
17.3.2.3. By Enterprise Size
17.3.2.4. By End-use Industry
17.4. Mexico
17.4.1. Pricing Analysis
17.4.2. Market Share Analysis, 2022
17.4.2.1. By Component
17.4.2.2. By Business Type
17.4.2.3. By Enterprise Size
17.4.2.4. By End-use Industry
17.5. Germany
17.5.1. Pricing Analysis
17.5.2. Market Share Analysis, 2022
17.5.2.1. By Component
17.5.2.2. By Business Type
17.5.2.3. By Enterprise Size
17.5.2.4. By End-use Industry
17.6. United Kingdom
17.6.1. Pricing Analysis
17.6.2. Market Share Analysis, 2022
17.6.2.1. By Component
17.6.2.2. By Business Type
17.6.2.3. By Enterprise Size
17.6.2.4. By End-use Industry
17.7. France
17.7.1. Pricing Analysis
17.7.2. Market Share Analysis, 2022
17.7.2.1. By Component
17.7.2.2. By Business Type
17.7.2.3. By Enterprise Size
17.7.2.4. By End-use Industry
17.8. Spain
17.8.1. Pricing Analysis
17.8.2. Market Share Analysis, 2022
17.8.2.1. By Component
17.8.2.2. By Business Type
17.8.2.3. By Enterprise Size
17.8.2.4. By End-use Industry
17.9. Italy
17.9.1. Pricing Analysis
17.9.2. Market Share Analysis, 2022
17.9.2.1. By Component
17.9.2.2. By Business Type
17.9.2.3. By Enterprise Size
17.9.2.4. By End-use Industry
17.10. India
17.10.1. Pricing Analysis
17.10.2. Market Share Analysis, 2022
17.10.2.1. By Component
17.10.2.2. By Business Type
17.10.2.3. By Enterprise Size
17.10.2.4. By End-use Industry
17.11. Malaysia
17.11.1. Pricing Analysis
17.11.2. Market Share Analysis, 2022
17.11.2.1. By Component
17.11.2.2. By Business Type
17.11.2.3. By Enterprise Size
17.11.2.4. By End-use Industry
17.12. Singapore
17.12.1. Pricing Analysis
17.12.2. Market Share Analysis, 2022
17.12.2.1. By Component
17.12.2.2. By Business Type
17.12.2.3. By Enterprise Size
17.12.2.4. By End-use Industry
17.13. Thailand
17.13.1. Pricing Analysis
17.13.2. Market Share Analysis, 2022
17.13.2.1. By Component
17.13.2.2. By Business Type
17.13.2.3. By Enterprise Size
17.13.2.4. By End-use Industry
17.14. China
17.14.1. Pricing Analysis
17.14.2. Market Share Analysis, 2022
17.14.2.1. By Component
17.14.2.2. By Business Type
17.14.2.3. By Enterprise Size
17.14.2.4. By End-use Industry
17.15. Japan
17.15.1. Pricing Analysis
17.15.2. Market Share Analysis, 2022
17.15.2.1. By Component
17.15.2.2. By Business Type
17.15.2.3. By Enterprise Size
17.15.2.4. By End-use Industry
17.16. South Korea
17.16.1. Pricing Analysis
17.16.2. Market Share Analysis, 2022
17.16.2.1. By Component
17.16.2.2. By Business Type
17.16.2.3. By Enterprise Size
17.16.2.4. By End-use Industry
17.17. Australia
17.17.1. Pricing Analysis
17.17.2. Market Share Analysis, 2022
17.17.2.1. By Component
17.17.2.2. By Business Type
17.17.2.3. By Enterprise Size
17.17.2.4. By End-use Industry
17.18. New Zealand
17.18.1. Pricing Analysis
17.18.2. Market Share Analysis, 2022
17.18.2.1. By Component
17.18.2.2. By Business Type
17.18.2.3. By Enterprise Size
17.18.2.4. By End-use Industry
17.19. GCC Countries
17.19.1. Pricing Analysis
17.19.2. Market Share Analysis, 2022
17.19.2.1. By Component
17.19.2.2. By Business Type
17.19.2.3. By Enterprise Size
17.19.2.4. By End-use Industry
17.20. South Africa
17.20.1. Pricing Analysis
17.20.2. Market Share Analysis, 2022
17.20.2.1. By Component
17.20.2.2. By Business Type
17.20.2.3. By Enterprise Size
17.20.2.4. By End-use Industry
17.21. Israel
17.21.1. Pricing Analysis
17.21.2. Market Share Analysis, 2022
17.21.2.1. By Component
17.21.2.2. By Business Type
17.21.2.3. By Enterprise Size
17.21.2.4. By End-use Industry
18. Market Structure Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Market Share Analysis of Top Players
18.3.1. By Regional
18.3.2. By Component
18.3.3. By Business Type
18.3.4. By Enterprise Size
18.3.5. By End-use Industry
19. Competition Analysis
19.1. Competition Deep Dive
19.1.1. Shopify Inc.
19.1.1.1. Overview
19.1.1.2. Product Portfolio
19.1.1.3. Profitability by Market Segments
19.1.1.4. Sales Footprint
19.1.1.5. Strategy Overview
19.1.1.5.1. Marketing Strategy
19.1.2. SAP SE
19.1.2.1. Overview
19.1.2.2. Product Portfolio
19.1.2.3. Profitability by Market Segments
19.1.2.4. Sales Footprint
19.1.2.5. Strategy Overview
19.1.2.5.1. Marketing Strategy
19.1.3. Oracle Corporation
19.1.3.1. Overview
19.1.3.2. Product Portfolio
19.1.3.3. Profitability by Market Segments
19.1.3.4. Sales Footprint
19.1.3.5. Strategy Overview
19.1.3.5.1. Marketing Strategy
19.1.4. Magento Commerce
19.1.4.1. Overview
19.1.4.2. Product Portfolio
19.1.4.3. Profitability by Market Segments
19.1.4.4. Sales Footprint
19.1.4.5. Strategy Overview
19.1.4.5.1. Marketing Strategy
19.1.5. IBM Corporation
19.1.5.1. Overview
19.1.5.2. Product Portfolio
19.1.5.3. Profitability by Market Segments
19.1.5.4. Sales Footprint
19.1.5.5. Strategy Overview
19.1.5.5.1. Marketing Strategy
19.1.6. BigCommerce
19.1.6.1. Overview
19.1.6.2. Product Portfolio
19.1.6.3. Profitability by Market Segments
19.1.6.4. Sales Footprint
19.1.6.5. Strategy Overview
19.1.6.5.1. Marketing Strategy
19.1.7. WooCommerce
19.1.7.1. Overview
19.1.7.2. Product Portfolio
19.1.7.3. Profitability by Market Segments
19.1.7.4. Sales Footprint
19.1.7.5. Strategy Overview
19.1.7.5.1. Marketing Strategy
19.1.8. Sitecore
19.1.8.1. Overview
19.1.8.2. Product Portfolio
19.1.8.3. Profitability by Market Segments
19.1.8.4. Sales Footprint
19.1.8.5. Strategy Overview
19.1.8.5.1. Marketing Strategy
19.1.9. Kentico Software
19.1.9.1. Overview
19.1.9.2. Product Portfolio
19.1.9.3. Profitability by Market Segments
19.1.9.4. Sales Footprint
19.1.9.5. Strategy Overview
19.1.9.5.1. Marketing Strategy
19.1.10. Unilog Content Solutions Pvt Ltd.
19.1.10.1. Overview
19.1.10.2. Product Portfolio
19.1.10.3. Profitability by Market Segments
19.1.10.4. Sales Footprint
19.1.10.5. Strategy Overview
19.1.10.5.1. Marketing Strategy
20. Assumptions & Acronyms Used21. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Business Type, 2018 to 2033
Table 4: Global Market Value (US$ Million) Forecast by Enterprise Size , 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by End-use Industry, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 8: North America Market Value (US$ Million) Forecast by Business Type, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Enterprise Size , 2018 to 2033
Table 10: North America Market Value (US$ Million) Forecast by End-use Industry, 2018 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 13: Latin America Market Value (US$ Million) Forecast by Business Type, 2018 to 2033
Table 14: Latin America Market Value (US$ Million) Forecast by Enterprise Size , 2018 to 2033
Table 15: Latin America Market Value (US$ Million) Forecast by End-use Industry, 2018 to 2033
Table 16: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 17: Europe Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 18: Europe Market Value (US$ Million) Forecast by Business Type, 2018 to 2033
Table 19: Europe Market Value (US$ Million) Forecast by Enterprise Size , 2018 to 2033
Table 20: Europe Market Value (US$ Million) Forecast by End-use Industry, 2018 to 2033
Table 21: South Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: South Asia Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 23: South Asia Market Value (US$ Million) Forecast by Business Type, 2018 to 2033
Table 24: South Asia Market Value (US$ Million) Forecast by Enterprise Size , 2018 to 2033
Table 25: South Asia Market Value (US$ Million) Forecast by End-use Industry, 2018 to 2033
Table 26: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 27: East Asia Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 28: East Asia Market Value (US$ Million) Forecast by Business Type, 2018 to 2033
Table 29: East Asia Market Value (US$ Million) Forecast by Enterprise Size , 2018 to 2033
Table 30: East Asia Market Value (US$ Million) Forecast by End-use Industry, 2018 to 2033
Table 31: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: Oceania Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 33: Oceania Market Value (US$ Million) Forecast by Business Type, 2018 to 2033
Table 34: Oceania Market Value (US$ Million) Forecast by Enterprise Size , 2018 to 2033
Table 35: Oceania Market Value (US$ Million) Forecast by End-use Industry, 2018 to 2033
Table 36: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 37: MEA Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 38: MEA Market Value (US$ Million) Forecast by Business Type, 2018 to 2033
Table 39: MEA Market Value (US$ Million) Forecast by Enterprise Size , 2018 to 2033
Table 40: MEA Market Value (US$ Million) Forecast by End-use Industry, 2018 to 2033
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List of Charts
Figure 1: Global Market Value (US$ Million) by Component, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Business Type, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Enterprise Size , 2023 to 2033
Figure 4: Global Market Value (US$ Million) by End-use Industry, 2023 to 2033
Figure 5: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 6: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Global Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 12: Global Market Value (US$ Million) Analysis by Business Type, 2018 to 2033
Figure 13: Global Market Value Share (%) and BPS Analysis by Business Type, 2023 to 2033
Figure 14: Global Market Y-o-Y Growth (%) Projections by Business Type, 2023 to 2033
Figure 15: Global Market Value (US$ Million) Analysis by Enterprise Size , 2018 to 2033
Figure 16: Global Market Value Share (%) and BPS Analysis by Enterprise Size , 2023 to 2033
Figure 17: Global Market Y-o-Y Growth (%) Projections by Enterprise Size , 2023 to 2033
Figure 18: Global Market Value (US$ Million) Analysis by End-use Industry, 2018 to 2033
Figure 19: Global Market Value Share (%) and BPS Analysis by End-use Industry, 2023 to 2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by End-use Industry, 2023 to 2033
Figure 21: Global Market Attractiveness by Component, 2023 to 2033
Figure 22: Global Market Attractiveness by Business Type, 2023 to 2033
Figure 23: Global Market Attractiveness by Enterprise Size , 2023 to 2033
Figure 24: Global Market Attractiveness by End-use Industry, 2023 to 2033
Figure 25: Global Market Attractiveness by Region, 2023 to 2033
Figure 26: North America Market Value (US$ Million) by Component, 2023 to 2033
Figure 27: North America Market Value (US$ Million) by Business Type, 2023 to 2033
Figure 28: North America Market Value (US$ Million) by Enterprise Size , 2023 to 2033
Figure 29: North America Market Value (US$ Million) by End-use Industry, 2023 to 2033
Figure 30: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Business Type, 2018 to 2033
Figure 38: North America Market Value Share (%) and BPS Analysis by Business Type, 2023 to 2033
Figure 39: North America Market Y-o-Y Growth (%) Projections by Business Type, 2023 to 2033
Figure 40: North America Market Value (US$ Million) Analysis by Enterprise Size , 2018 to 2033
Figure 41: North America Market Value Share (%) and BPS Analysis by Enterprise Size , 2023 to 2033
Figure 42: North America Market Y-o-Y Growth (%) Projections by Enterprise Size , 2023 to 2033
Figure 43: North America Market Value (US$ Million) Analysis by End-use Industry, 2018 to 2033
Figure 44: North America Market Value Share (%) and BPS Analysis by End-use Industry, 2023 to 2033
Figure 45: North America Market Y-o-Y Growth (%) Projections by End-use Industry, 2023 to 2033
Figure 46: North America Market Attractiveness by Component, 2023 to 2033
Figure 47: North America Market Attractiveness by Business Type, 2023 to 2033
Figure 48: North America Market Attractiveness by Enterprise Size , 2023 to 2033
Figure 49: North America Market Attractiveness by End-use Industry, 2023 to 2033
Figure 50: North America Market Attractiveness by Country, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) by Component, 2023 to 2033
Figure 52: Latin America Market Value (US$ Million) by Business Type, 2023 to 2033
Figure 53: Latin America Market Value (US$ Million) by Enterprise Size , 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) by End-use Industry, 2023 to 2033
Figure 55: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 56: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 57: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 58: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 59: Latin America Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 60: Latin America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 61: Latin America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 62: Latin America Market Value (US$ Million) Analysis by Business Type, 2018 to 2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Business Type, 2023 to 2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Business Type, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) Analysis by Enterprise Size , 2018 to 2033
Figure 66: Latin America Market Value Share (%) and BPS Analysis by Enterprise Size , 2023 to 2033
Figure 67: Latin America Market Y-o-Y Growth (%) Projections by Enterprise Size , 2023 to 2033
Figure 68: Latin America Market Value (US$ Million) Analysis by End-use Industry, 2018 to 2033
Figure 69: Latin America Market Value Share (%) and BPS Analysis by End-use Industry, 2023 to 2033
Figure 70: Latin America Market Y-o-Y Growth (%) Projections by End-use Industry, 2023 to 2033
Figure 71: Latin America Market Attractiveness by Component, 2023 to 2033
Figure 72: Latin America Market Attractiveness by Business Type, 2023 to 2033
Figure 73: Latin America Market Attractiveness by Enterprise Size , 2023 to 2033
Figure 74: Latin America Market Attractiveness by End-use Industry, 2023 to 2033
Figure 75: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 76: Europe Market Value (US$ Million) by Component, 2023 to 2033
Figure 77: Europe Market Value (US$ Million) by Business Type, 2023 to 2033
Figure 78: Europe Market Value (US$ Million) by Enterprise Size , 2023 to 2033
Figure 79: Europe Market Value (US$ Million) by End-use Industry, 2023 to 2033
Figure 80: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 81: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 82: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 83: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 84: Europe Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 85: Europe Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 86: Europe Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 87: Europe Market Value (US$ Million) Analysis by Business Type, 2018 to 2033
Figure 88: Europe Market Value Share (%) and BPS Analysis by Business Type, 2023 to 2033
Figure 89: Europe Market Y-o-Y Growth (%) Projections by Business Type, 2023 to 2033
Figure 90: Europe Market Value (US$ Million) Analysis by Enterprise Size , 2018 to 2033
Figure 91: Europe Market Value Share (%) and BPS Analysis by Enterprise Size , 2023 to 2033
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Enterprise Size , 2023 to 2033
Figure 93: Europe Market Value (US$ Million) Analysis by End-use Industry, 2018 to 2033
Figure 94: Europe Market Value Share (%) and BPS Analysis by End-use Industry, 2023 to 2033
Figure 95: Europe Market Y-o-Y Growth (%) Projections by End-use Industry, 2023 to 2033
Figure 96: Europe Market Attractiveness by Component, 2023 to 2033
Figure 97: Europe Market Attractiveness by Business Type, 2023 to 2033
Figure 98: Europe Market Attractiveness by Enterprise Size , 2023 to 2033
Figure 99: Europe Market Attractiveness by End-use Industry, 2023 to 2033
Figure 100: Europe Market Attractiveness by Country, 2023 to 2033
Figure 101: South Asia Market Value (US$ Million) by Component, 2023 to 2033
Figure 102: South Asia Market Value (US$ Million) by Business Type, 2023 to 2033
Figure 103: South Asia Market Value (US$ Million) by Enterprise Size , 2023 to 2033
Figure 104: South Asia Market Value (US$ Million) by End-use Industry, 2023 to 2033
Figure 105: South Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 106: South Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 107: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 108: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 109: South Asia Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 110: South Asia Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 111: South Asia Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 112: South Asia Market Value (US$ Million) Analysis by Business Type, 2018 to 2033
Figure 113: South Asia Market Value Share (%) and BPS Analysis by Business Type, 2023 to 2033
Figure 114: South Asia Market Y-o-Y Growth (%) Projections by Business Type, 2023 to 2033
Figure 115: South Asia Market Value (US$ Million) Analysis by Enterprise Size , 2018 to 2033
Figure 116: South Asia Market Value Share (%) and BPS Analysis by Enterprise Size , 2023 to 2033
Figure 117: South Asia Market Y-o-Y Growth (%) Projections by Enterprise Size , 2023 to 2033
Figure 118: South Asia Market Value (US$ Million) Analysis by End-use Industry, 2018 to 2033
Figure 119: South Asia Market Value Share (%) and BPS Analysis by End-use Industry, 2023 to 2033
Figure 120: South Asia Market Y-o-Y Growth (%) Projections by End-use Industry, 2023 to 2033
Figure 121: South Asia Market Attractiveness by Component, 2023 to 2033
Figure 122: South Asia Market Attractiveness by Business Type, 2023 to 2033
Figure 123: South Asia Market Attractiveness by Enterprise Size , 2023 to 2033
Figure 124: South Asia Market Attractiveness by End-use Industry, 2023 to 2033
Figure 125: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 126: East Asia Market Value (US$ Million) by Component, 2023 to 2033
Figure 127: East Asia Market Value (US$ Million) by Business Type, 2023 to 2033
Figure 128: East Asia Market Value (US$ Million) by Enterprise Size , 2023 to 2033
Figure 129: East Asia Market Value (US$ Million) by End-use Industry, 2023 to 2033
Figure 130: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 131: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: East Asia Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 135: East Asia Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 137: East Asia Market Value (US$ Million) Analysis by Business Type, 2018 to 2033
Figure 138: East Asia Market Value Share (%) and BPS Analysis by Business Type, 2023 to 2033
Figure 139: East Asia Market Y-o-Y Growth (%) Projections by Business Type, 2023 to 2033
Figure 140: East Asia Market Value (US$ Million) Analysis by Enterprise Size , 2018 to 2033
Figure 141: East Asia Market Value Share (%) and BPS Analysis by Enterprise Size , 2023 to 2033
Figure 142: East Asia Market Y-o-Y Growth (%) Projections by Enterprise Size , 2023 to 2033
Figure 143: East Asia Market Value (US$ Million) Analysis by End-use Industry, 2018 to 2033
Figure 144: East Asia Market Value Share (%) and BPS Analysis by End-use Industry, 2023 to 2033
Figure 145: East Asia Market Y-o-Y Growth (%) Projections by End-use Industry, 2023 to 2033
Figure 146: East Asia Market Attractiveness by Component, 2023 to 2033
Figure 147: East Asia Market Attractiveness by Business Type, 2023 to 2033
Figure 148: East Asia Market Attractiveness by Enterprise Size , 2023 to 2033
Figure 149: East Asia Market Attractiveness by End-use Industry, 2023 to 2033
Figure 150: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 151: Oceania Market Value (US$ Million) by Component, 2023 to 2033
Figure 152: Oceania Market Value (US$ Million) by Business Type, 2023 to 2033
Figure 153: Oceania Market Value (US$ Million) by Enterprise Size , 2023 to 2033
Figure 154: Oceania Market Value (US$ Million) by End-use Industry, 2023 to 2033
Figure 155: Oceania Market Value (US$ Million) by Country, 2023 to 2033
Figure 156: Oceania Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 157: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 158: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 159: Oceania Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 160: Oceania Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 161: Oceania Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 162: Oceania Market Value (US$ Million) Analysis by Business Type, 2018 to 2033
Figure 163: Oceania Market Value Share (%) and BPS Analysis by Business Type, 2023 to 2033
Figure 164: Oceania Market Y-o-Y Growth (%) Projections by Business Type, 2023 to 2033
Figure 165: Oceania Market Value (US$ Million) Analysis by Enterprise Size , 2018 to 2033
Figure 166: Oceania Market Value Share (%) and BPS Analysis by Enterprise Size , 2023 to 2033
Figure 167: Oceania Market Y-o-Y Growth (%) Projections by Enterprise Size , 2023 to 2033
Figure 168: Oceania Market Value (US$ Million) Analysis by End-use Industry, 2018 to 2033
Figure 169: Oceania Market Value Share (%) and BPS Analysis by End-use Industry, 2023 to 2033
Figure 170: Oceania Market Y-o-Y Growth (%) Projections by End-use Industry, 2023 to 2033
Figure 171: Oceania Market Attractiveness by Component, 2023 to 2033
Figure 172: Oceania Market Attractiveness by Business Type, 2023 to 2033
Figure 173: Oceania Market Attractiveness by Enterprise Size , 2023 to 2033
Figure 174: Oceania Market Attractiveness by End-use Industry, 2023 to 2033
Figure 175: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 176: MEA Market Value (US$ Million) by Component, 2023 to 2033
Figure 177: MEA Market Value (US$ Million) by Business Type, 2023 to 2033
Figure 178: MEA Market Value (US$ Million) by Enterprise Size , 2023 to 2033
Figure 179: MEA Market Value (US$ Million) by End-use Industry, 2023 to 2033
Figure 180: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 181: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 182: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 183: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 184: MEA Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 185: MEA Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 186: MEA Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 187: MEA Market Value (US$ Million) Analysis by Business Type, 2018 to 2033
Figure 188: MEA Market Value Share (%) and BPS Analysis by Business Type, 2023 to 2033
Figure 189: MEA Market Y-o-Y Growth (%) Projections by Business Type, 2023 to 2033
Figure 190: MEA Market Value (US$ Million) Analysis by Enterprise Size , 2018 to 2033
Figure 191: MEA Market Value Share (%) and BPS Analysis by Enterprise Size , 2023 to 2033
Figure 192: MEA Market Y-o-Y Growth (%) Projections by Enterprise Size , 2023 to 2033
Figure 193: MEA Market Value (US$ Million) Analysis by End-use Industry, 2018 to 2033
Figure 194: MEA Market Value Share (%) and BPS Analysis by End-use Industry, 2023 to 2033
Figure 195: MEA Market Y-o-Y Growth (%) Projections by End-use Industry, 2023 to 2033
Figure 196: MEA Market Attractiveness by Component, 2023 to 2033
Figure 197: MEA Market Attractiveness by Business Type, 2023 to 2033
Figure 198: MEA Market Attractiveness by Enterprise Size , 2023 to 2033
Figure 199: MEA Market Attractiveness by End-use Industry, 2023 to 2033
Figure 200: MEA Market Attractiveness by Country, 2023 to 2033
