- The Global e-Commerce Technology Market is growing rapidly and is expected to register a CAGR of 20.3 percent from 2013-2018.
London, 23 July 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global e-Commerce Technology Market, which covers the contemporary situation and the growth prospects of the market for the period of 2014-2018.
The TechNavio report pinpoints the factors and forces that will impact e-commerce technology over the projected period. It also covers the contribution of sectors such as technology and manufacturing to revenue generation within the market. The report stresses revenue generated from the sales of e-commerce technology, which includes subscriptions, licensing, and associated services.
Changing Consumer Behavior, Increased Online Business Contributing to Market Growth
According to the report, in order to remain competitive, most businesses are offering multiple sales channels including online platforms, and the demand for e-commerce technology from the B2C segment continues to soar and the B2B segment is also increasing its investment in this channel.
“The need to remain competitive, penetrate unfamiliar markets, meet increasing demands from customers, and respond to changing customer needs and business scenarios are some of the drivers that are increasing the demand for e-commerce technology”, says Faisal Ghaus, Vice President of TechNavio Research.
Some of the major trends affecting the Global e-Commerce Technology Market are an increased focused on social media, more need for personalization and a shrinking differentiation between e-commerce and commerce.
To ascertain the market forecasts for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global e-Commerce Technology Market, please send an e-mail to media@TechNavio.com.
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