Market Insights Technology Software Enterprise Software

eCommerce Software - United Kingdom

United Kingdom

Revenue in the eCommerce Software market is projected to reach US$424.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.47%, resulting in a market volume of US$525.50m by 2028.
The average Spend per Employee in the eCommerce Software market is projected to reach US$11.96 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

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Analyst Opinion

As eCommerce continues to grow in popularity, the eCommerce Software market in United Kingdom has experienced significant growth in recent years.

Customer preferences: One of the main reasons for this growth is the increasing demand for online shopping in United Kingdom. Customers are looking for more convenient and efficient ways to shop, and eCommerce software allows them to do so. Additionally, customers are increasingly looking for personalized shopping experiences, and eCommerce software can help provide this.

Trends in the market: In response to customer demand, eCommerce software providers in United Kingdom are focusing on developing more advanced and user-friendly software. This includes features such as personalized recommendations, mobile optimization, and social media integration. Additionally, there is a trend towards integrating eCommerce software with other business software, such as inventory management and accounting software.

Local special circumstances: There are some unique factors that are driving the growth of the eCommerce Software market in United Kingdom. For example, the UK has a large and highly developed eCommerce market, which means that there is a lot of competition among eCommerce software providers. Additionally, there is a high level of technological development in United Kingdom, which means that customers are more likely to be comfortable with using eCommerce software.

Underlying macroeconomic factors: There are also some macroeconomic factors that are contributing to the growth of the eCommerce Software market in United Kingdom. For example, the UK has a strong and stable economy, which means that businesses are more likely to invest in eCommerce software. Additionally, the UK has a highly educated workforce, which means that there is a large pool of skilled workers available to develop and implement eCommerce software.

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.