Digital Commerce Applications Market to Reach US$ 19,096.4 Mn in revenues by the end of 2026

Posted on 2022-05-02 by Future Market Insights, Inc in Internet & Online, Software, Technology, Telecommunications // 0 Comments

New York, United States, 2022-May-02 — /EPR Network/ —

Digital Commerce Applications Market 2022

The report on Digital Commerce Applications Market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2022 to 2026. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.

As the purchasing and selling of products & services witnesses a technological transition, the use of mobile networks, internet and other similar infrastructures continues to gain traction. Development of platforms used for doing payments, billing & managing other accounting functions, and handling customer refunds for online publisher clients is picking up momentum. Consumers are demanding for digital commerce applications that are equipped with features such as card control, location services, timely information, alerts and notification, offers and rewards and many more. According to Persistence Market Research, the global market for digital commerce applications is expected to grow vigorously and bring in US$ 19,096.4 Mn in revenues by the end of 2026.

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Persistence Market Research’s report, titled “Digital Commerce Application: Global Industry Analysis and Forecast, 2016-2026,” the global sales of digital commerce application market was valued at nearly US$ 4,400 Mn in 2016 and is expected to expand at a CAGR of 15.8% during the forecast period (2016–2026). The report estimates that in 2016, around 29% of global sales of digital commerce applications were accounted by North America. However, the region is likely to lose out on its market presence in the years to come. Meanwhile, regions such as Latin America, Western Europe, Eastern Europe and the Asia-Pacific excluding Japan (APEJ) region will showcase positive growth in terms of demand for digital commerce applications. Latin America’s digital commerce application market will register fastest revenue growth at 16.3% CAGR, while the digital commerce application market in Europe will surpass US$ 3,500 Mn value towards the end of 2026.

Key Players:

The report has profiled some of the Important players prevalent in the global like – Oracle Corporation, Tencent Holdings Ltd., Digital Turbine, Inc., Tata Consultancy Services Limited, IBM Corporation, Infosys Limited, Cognizant Technology Solutions Corporation, and Visa Inc and more.

Digital Commerce Applications: Research Highlights

With over US$ 4,700 Mn value, BFSI sector will be the largest end-user of digital commerce applications towards the end of 2026
End-use for digital commerce applications is also expected to gain traction across retail & CPG, telecom, media & entertainment, energy, resource & utilities, and travel & hospitality
Throughout the forecast period, digital commerce applications will find higher application in financial sector, registering revenue growth at 16% CAGR
In 2017 and beyond, the use of digital commerce applications in service operations is expected to soar, recording highest CAGR of 16.4%

Global Digital Commerce Application Market: Key Trends

Rising number of cloud based solutions developed by data centers is driving the global demand digital commerce application. Cloud as a platform is helping enterprises to reduce total cost of ownership and increase the operational business efficiency, which is incidentally prompting the use of cloud-based digital commerce applications. High investments in Internet of Things (IoT) services, which offers immense opportunity to retailers in three critical areas such as – smart supply chain, increasing their revenue, and boosting operational efficiency are also driving the demand for digital commerce applications developed for IoT-based devices.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Digital Commerce Applications Market Manufacturers
Digital Commerce Applications Market Distributors/Traders/Wholesalers
Digital Commerce Applications Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?

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About PersistenceMarketResearch:

PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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