Market Insights Technology Software Enterprise Software

eCommerce Software - North America

North America

Revenue in the eCommerce Software market is projected to reach US$4.43bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.12%, resulting in a market volume of US$5.01bn by 2028.
The average Spend per Employee in the eCommerce Software market is projected to reach US$17.64 in 2024.
In global comparison, most revenue will be generated in the United States (US$4,127.00m in 2024).

Key regions: United States, Japan, Germany, Australia, France

Market

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Analyst Opinion

The eCommerce Software market in North America has been experiencing significant growth in recent years, driven by the increasing adoption of online shopping and the need for businesses to have a digital presence.

Customer preferences: Customers in North America are increasingly turning to online shopping due to its convenience and the ability to compare prices and products easily. This has led to a surge in demand for eCommerce software that can provide a seamless shopping experience across multiple devices and platforms. Additionally, customers are placing a greater emphasis on the speed and reliability of delivery, which has led to the development of new software solutions that can streamline the fulfillment process.

Trends in the market: One of the most significant trends in the eCommerce Software market in North America is the rise of mobile commerce. With the increasing use of smartphones and tablets, customers are now able to shop from anywhere at any time, which has led to a surge in demand for mobile-friendly eCommerce solutions. Another important trend is the integration of artificial intelligence and machine learning into eCommerce software, which can help businesses to optimize their operations and provide personalized shopping experiences for customers.

Local special circumstances: The eCommerce Software market in North America is highly competitive, with a large number of vendors offering a wide range of solutions to meet the needs of businesses of all sizes. Additionally, there are a number of local regulations and standards that must be adhered to, which can impact the development and implementation of eCommerce software solutions.

Underlying macroeconomic factors: The growth of the eCommerce Software market in North America is being driven by a number of underlying macroeconomic factors, including the increasing digitization of the economy, the rise of online shopping, and the need for businesses to have a strong digital presence in order to remain competitive. Additionally, the availability of capital and investment in the technology sector has helped to fuel innovation and growth in the eCommerce software market.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.