LONDON--(BUSINESS WIRE)--Technavio has published a new report on the retail e-commerce software market in EMEA, which is expected to grow at a CAGR of over 12% from 2015-2019.
About the Report
According to the latest market research report by Technavio, with the adoption of new technologies such as 3G, 4G, and increased use of tablets and smartphones, the number of people using the Internet is rapidly growing, subsequently increasing the number of online buyers.
“The rapid increase in the number of brick-and-click companies has added more options for online shoppers. Additionally, several industry verticals are adopting and turning to e-commerce to expand their business reach and increase spending on e-commerce software,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also highlights the emergence of cloud-based approach, as the deployment of cloud-based software solutions is highly cost-effective compared to that of on-premise solutions.
“The retail e-commerce software market in EMEA is witnessing huge demand for cloud-based solutions, encouraging numerous vendors to use these solutions, which is a trend that will propel the market growth in the forecast period,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the retail e-commerce software market in EMEA from 2015-2019. To calculate the market size, we considered revenue generated from the business-to-business (B2B) sale of e-commerce software license and services.
Key Information Covered in the Report:
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Key Vendors:
- ATG
- hybris
- IBM
- Intershop Communications
- Magento
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Market Growth Drivers:
- Increased penetration of Internet technologies
- For a full detailed list, view our report.
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Market Challenges:
- Threat from open-source solution providers
- For a full detailed list, view our report.
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Market Trends:
- Emergence of cloud-based approach
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the e-commerce market:
- Global E-commerce Software and Services Spending Market 2015-2019
- E-commerce IT Spending Market in China 2015-2019
If you are interested in more information, please contact our media team at media@technavio.com.
