Global Commerce Technology and Services Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at CAGR of 20.4 % from 2019 to 2027, reaching US$ XX Bn.
Global Commerce Technology and Services Market
This is a comprehensive global report targeted on present and future prospects of the worldwide Global Commerce Technology and Services Market. The report presents a consolidation of primary and secondary analysis that provides market size, share, dynamics and forecast for numerous segments and sub-segments considering the macro and environment factors. The report also covers an in-depth analysis of COVID 19 pandemic impact on the sales revenue of Global Commerce Technology and Services Market by year-wise and region and on the key players revenue affected and expected short term and long-term impact on the market.
Global Commerce Technology and Services Market Overview:
Commerce Technology – a form of commercial and organizational activity aimed at enforcing the purchasing and sale process of products and services for profit. Online stores and online auctions are points of sale (merchant accounts) on the Internet. Sometimes the company arranges for a place to sell products and services without setting up a separate store. To strengthen their core offerings, companies and enterprises incorporate commercial technologies and services into their corporate systems and business models. 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 fibre and cellular subscriber line (DSL) etc.
Global Commerce Technology and Services Market – Dynamics
The advantages of e-commerce include 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 prior to purchase, and the requisite waiting period for product shipping are perceived downsides. Businesses should authenticate business transactions, monitor access to resources such as web pages for registered or selected users, encrypt communications and introduce security technologies such as the Secure Sockets Layer to ensure the security, privacy and effectiveness of e-commerce.
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, would 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 industry with tremendous growth opportunities.
Commercial technology and services facilities the introduction of low-cost ads for companies and organisations and minimize the cost of shipping, advertisement, telecommunications, postal and publishing, among many others. Moreover, because of these technology and facilities, low capital cost and relatively relaxed entry barriers are required to start up 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 era.
By Segmentation, 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 cell structure, accessibility of customers, potential services.
Global Commerce Technology and Services Market Regional Analysis
North America has seen flourishing growth in commerce technology and services due to high online population and increasing popularity of remote transactions among businesses. Furthermore, Asia Pacific and Europe are expected to witness large scale adoption of commerce technology and services due to increasing internet penetration among individuals, government and businesses among others.
The objective of the report is to present a comprehensive analysis of the Global Commerce Technology and Services Market including all the stakeholders of the industry. The past and current status of the industry with 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 includes market leaders, followers and new entrants. PORTER, SVOR, 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 Global Commerce Technology and Services Market dynamics, structure by analyzing the market segments and project of the Global Commerce Technology and Services Market size. Clear representation of competitive analysis of key players by Material, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Commerce Technology and Services Market make the report investor’s guide.
Scope of Global Commerce Technology and Services Market
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Global Commerce Technology and Services Market, By Component
• Software
• Services
Global Commerce Technology and Services Market, By Technology
• E-Commerce
• M-Commerce
Global Commerce Technology and Services Market, By End-Users
• Banking financial services and insurance (BFSI)
• Retail
• Media and entertainment
• Healthcare
• Corporate
• Others (consumer services, etc.)
Global Commerce Technology and Services Market, By Region
• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Global Commerce Technology and Services Market Key Players
• Oracle Corporation
• International Business Machines Corporation (IBM)
• Hybris AG
• Adobe Systems Inc.
• PrestaShop SA
• Elastic Path Software Inc.
• eVision Technologies Ltd
• JDA Software Group, Inc.
• CenturyLink, Inc.
• Insite Software Solutions, Inc.
• Cleverbridge AG.
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