Commerce Technology and Services Market is anticipated to reach US$ 207.49Bn by 2029 from US$ 56.57 Bn in 2022 at a CAGR of 20.4% during a forecast period. Internet growth is a significant contributor to the worldwide adoption of commercial technologies and services. It is possible to consider commercial infrastructure as a mixture of regulatory amendments and technical advances such as optical fiber and cellular subscriber line (DSL) etc. Region-wise, the Asia Pacific region dominated the global Commerce Technology and Services market in 2022, accounting for xx% share in terms of value, followed by Europe, and North America respectively.To know about the Research Methodology :- Request Free Sample Report
Commerce Technology and Services Market Dynamics
The advantages of e-commerce include the speed of access, a wider range of products and services, accessibility, and global scope. Sometimes limited customer support, not being able to see or touch a product before purchase, and the requisite waiting period for product shipping is perceived downsides. Businesses must verify business transactions, monitor access to resources like web pages for registered or selected users, encrypt communications and introduce security technologies like the Secure Sockets Layer to ensure the security, privacy, and effectiveness of e-commerce. Commercial technology and services facilities the introduction of low-cost ads for companies and organizations and minimize the cost of shipping, advertisement, telecommunications, postal, and publishing, among many others. Moreover, because of these technologies and facilities, low capital cost and relatively relaxed entry barriers are required for startup businesses on the internet. In addition, business innovations allow companies to introduce cross-border markets for virtually all goods and services. The growing need for goods with lower price tags is forcing corporations to accept e-commerce technology. All these features are projected to boost the demand for commercial technologies and services over the forecast period (2022-2029). For e-commerce technology, hidden costs such as delivery, re-stocking rates, network unreliability/crashes, and protection are major concerns. Furthermore, it is expected that government legislation and policies relating to commercial technology such as data security, anonymity, taxes, information, copyrights, electronic contracts and other communications, customer protection requirements, are expected to hinder the widespread implementation of commercial technologies and services. However, growing internet penetration across the globe and the introduction of improved security policies and procedures provide the e-commerce technology market with tremendous growth opportunities.Commerce Technology and Services Market Segmentation Analysis
By Technology, the benefits of M-Commerce are high availability of services through well-established mobile phone networks, Increasing computing power of mobile devices, interactivity of mobile devices, security, localization of customers through a cell structure, accessibility of customers, potential services. By Component, the software segment holds the highest share of xx% in the global commerce technology and services market and is expected to reach US$ xx Mn by 2029. It helps in managing the data obtained from various communication devices to help in operational planning and asset management. This in turn is expected to fuel the global market of commerce technology and services. The services segment is expected to grow at a significant pace during the forecast period. The growing demand to enhance the overall performance of already installed data discovery solutions by customers, and increase in the use of IoT devices for better customization, are driving the growth of the services segment and thereby the commerce technology and services market globally.
Commerce Technology and Services Market Regional Insights
Asia Pacific region dominated the commerce technology and services market in 2022, accounting for xx% share in terms of value, followed by Europe, and North America respectively. The growth of the region is attributed to the increasing internet penetration, presence of major e-commerce companies, and their focus on enhancing e-commerce technology. In addition, increasing awareness among consumers about the benefits of online shopping with advanced payment modes, and the growing focus of upcoming retailers to offer their goods services online to the customers are also driving the growth of the market. North America is expected to grow at xx% during the forecast period. The growing popularity of remote transactions among businesses is one of the major factors driving the growth of the market in the region. The objective of the report is to present a comprehensive analysis of the Commerce Technology and Services Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Commerce Technology and Services Market dynamics, structure by analyzing the market segments and project the Commerce Technology and Services Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Commerce Technology and Services Market make the report investor’s guide.Commerce Technology and Services Market Scope: Inquire before buying
Global Commerce Technology and Services Market Report Coverage Details Base Year: 2022 Forecast Period: 2022-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 56.57 Bn. Forecast Period 2023 to 2029 CAGR: 20.4% Market Size in 2029: US $ 207.49 Bn. Segments Covered: by Component Software Services by Technology E-commerce M-commerce by End-use Banking Financial services and insurance (BFSI) Commercial and retail Corporate, media and entertainment Others Commerce Technology and Services Market by Region
• North America • Asia pacific • Europe • Middle East and Africa • South AmericaCommerce Technology and Services Market, Key Players are
1.Oracle Corporation 2. International Business Machines Corporation (IBM) 3. Hybris AG 4. Adobe Systems Inc 5. PrestaShop SA 6. Elastic Path Software Inc 7. eVision Technologies Ltd 8. JDA Software Group, Inc 9. CenturyLink, Inc 10. Insite Software Solutions, Inc 11. Cleverbridge AG. 12. Adobe Inc 13. BigCommerce Holdings Inc 14. commercetools GmbH 15. HCL Technologies Ltd 16. Open Text Corp 17. Pitney Bowes Inc 18. Salesforce.com Inc 19. SAP SEFrequently Asked Questions
1. What is the projected market size & growth rate of Commerce Technology and Services Market? Ans- Commerce Technology and Services Market was valued at USD 56.57 billion in 2022 and is projected to reach USD 207.49 billion by 2029, growing at a CAGR of 20.4 % during the forecast period. 2. What are the key driving factors for the growth of Commerce Technology and Services Market? Ans- Business innovations allow companies to introduce cross-border markets for virtually all goods and services. The growing need for goods with lower price tags is forcing corporations to accept e-commerce technology. All these features are projected to boost the demand for commercial technologies and services over the forecast period (2023-2029). 3. Which Region accounted for the largest Commerce Technology and Services Market share? Ans- Asia Pacific region dominated the commerce technology and services market in 2022, accounting for xx% share in terms of value, followed by Europe, and North America respectively. 4. What makes North America a Lucrative Market for Market? Ans- The growing popularity of remote transactions among businesses is one of the major factors driving the growth of the market in the region. 5. What are the top players operating in Market? Ans- Oracle Corporation, International Business Machines Corporation (IBM), Hybris AG, Adobe Systems Inc, PrestaShop SA, Elastic Path Software Inc, eVision Technologies Ltd, and JDA Software Group, Inc.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Commerce Technology and Services Market Size, by Market Value (US$ Bn) 3.1. Market Segmentation 3.2. Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Commerce Technology and Services Market 3.4. Geographical Snapshot of the Commerce Technology and Services Market, By Manufacturer share 4. Commerce Technology and Services Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Commerce Technology and Services Market 5. Supply Side and Demand Side Indicators 6. Commerce Technology and Services Market Analysis and Forecast, 2022-2029 6.1. Commerce Technology and Services Market Size & Y-o-Y Growth Analysis. 7. Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 7.1.1. Software 7.1.2. Services 7.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 7.2.1. E-commerce 7.2.2. M-commerce 7.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 7.3.1. Banking 7.3.2. Financial services and insurance (BFSI) 7.3.3. Commercial and retail 7.3.4. Corporate, media and entertainment 7.3.5. Others 8. Commerce Technology and Services Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 9.1.1. Software 9.1.2. Services 9.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 9.2.1. E-commerce 9.2.2. M-commerce 9.3. Market Size (Value) Estimates & Forecast By End-use,2022-2029 9.3.1. Banking 9.3.2. Financial services and insurance (BFSI) 9.3.3. Commercial and retail 9.3.4. Corporate, media and entertainment 9.3.5. Others 10. North America Commerce Technology and Services Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 11.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 11.3. Market Size (Value) Estimates & Forecast By End-use,2022-2029 12. Canada Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 12.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 12.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 13. Mexico Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 13.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 13.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 14. Europe Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 14.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 14.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 15. Europe Commerce Technology and Services Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 16.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 16.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 17. France Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 17.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 17.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 18. Germany Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 18.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 18.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 19. Italy Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 19.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 19.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 20. Spain Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 20.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 20.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 21. Sweden Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 21.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 21.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 22. CIS Countries Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 22.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 22.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 23. Rest of Europe Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 23.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 23.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 24. Asia Pacific Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 24.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 24.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 25. Asia Pacific Commerce Technology and Services Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 26.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 26.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 27. India Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 27.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 27.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 28. Japan Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 28.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 28.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 29. South Korea Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 29.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 29.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 30. Australia Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 30.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 30.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 31. ASEAN Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 31.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 31.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 32. Rest of Asia Pacific Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 32.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 32.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 33. Middle East Africa Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 33.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 33.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 34. Middle East Africa Commerce Technology and Services Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 35.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 35.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 36. GCC Countries Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 36.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 36.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 37. Egypt Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 37.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 37.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 38. Nigeria Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 38.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 38.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 39. Rest of ME&A Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 39.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 39.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 40. South America Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 40.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 40.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 41. South America Commerce Technology and Services Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 42.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 42.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 43. Argentina Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 43.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 43.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 44. Rest of South America Commerce Technology and Services Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Component,2022-2029 44.2. Market Size (Value) Estimates & Forecast By Technology,2022-2029 44.3. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Commerce Technology and Services Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Oracle Corporation 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Oracle Corporation 45.5. International Business Machines Corporation (IBM) 45.6. Hybris AG 45.7. Adobe Systems Inc 45.8. PrestaShop SA 45.9. Elastic Path Software Inc 45.10. eVision Technologies Ltd 45.11. JDA Software Group, Inc 45.12. CenturyLink, Inc 45.13. Insite Software Solutions, Inc 45.14. Cleverbridge AG. 45.15. Adobe Inc 45.16. BigCommerce Holdings Inc 45.17. commercetools GmbH 45.18. HCL Technologies Ltd 45.19. Open Text Corp 45.20. Pitney Bowes Inc 45.21. Salesforce.com Inc 45.22. SAP SE 46. Primary Key Insights