Digital Commerce Applications Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:

Description

North America Poised to Dominate Global Digital Commerce Applications Market with Healthy Growth Projections

Key Market Players and Trends Drive Anticipated Expansion

The digital commerce applications market in North America is set to experience substantial growth, according to recent market analysis. This anticipated surge underscores North America's pivotal role in shaping the trajectory of the global digital commerce landscape.

Strong Market Position and Growth Trajectory

The North America digital commerce applications market has consistently held a significant market share. Despite a marginal decline in market share estimated at 96 BPS by 2026, the region remains a dominant force, projected to maintain a market value share just above 28%. This enduring strength reflects the region's robust market attractiveness and potential for sustained growth in the digital commerce sector.

Drivers of Growth: Mobile Commerce and Internet Connectivity

Rising mobile commerce emerges as a primary driver propelling the digital commerce applications market in North America. The region's adoption of mobile commerce transactions continues to soar, fueled by the widespread use of wireless handheld devices such as smartphones and laptops. Notably, the convergence of social media platforms and e-commerce websites towards mobile commerce has stimulated increased demand for digital commerce applications, reflecting evolving consumer preferences and behaviors.

Moreover, the proliferation of internet connectivity across North America is instrumental in driving market expansion. Industries such as BFSI, travel and hospitality, manufacturing, and retail are experiencing rapid growth, with online grocery sales witnessing a particularly noteworthy surge. This trend underscores the integral role of internet connectivity in facilitating seamless digital transactions and driving the proliferation of digital commerce applications across diverse sectors.

Emphasis on Competitive Strategies: Mergers, Acquisitions, and Partnerships

A notable trend shaping the North America digital commerce landscape is the proliferation of mergers, acquisitions, and strategic partnerships among key market players. Prominent companies are increasingly leveraging these strategies to expand their businesses and enhance customer experiences.

Mergers and acquisitions have emerged as a favored avenue for market expansion and portfolio diversification. For instance, Saleforce.com's acquisition of Demandware in 2016 exemplifies a strategic move aimed at extending cloud services offerings and securing a larger share of the digital commerce applications market.

Strategic partnerships also play a pivotal role in driving innovation and market competitiveness. The collaboration between IBM and Salesforce.com in March 2017 exemplifies the industry's commitment to harnessing artificial intelligence to deliver enhanced solutions and empower enterprises to make informed decisions efficiently.

Future Outlook and Opportunities

Looking ahead, the North America digital commerce applications market is poised for sustained growth, driven by evolving consumer preferences, technological advancements, and strategic collaborations. Market players are primed to capitalize on emerging opportunities and leverage innovative solutions to meet evolving customer needs in an increasingly digitized landscape.

With a steadfast commitment to innovation and collaboration, North America is positioned as a global leader in driving the evolution of digital commerce applications, shaping the future of commerce in the digital age.

Competitive Analysis

Some Key Companies of Market are:

Tata Consultancy Services Limited
International Business Machines Corporation
Infosys Limited
Salesforce.com, Inc.
Cognizant Technology Solution Corporation.
Oracle Corporation
Visa Inc.
Shopify Inc.
Digital Turbine, Inc.
Tencent Holdings Limited
Others

Market Segmentation

By Industry

Manufacturing
Telecom, Media & Entertainment
BFSI
Retail & CPG
Healthcare & Pharmaceutical
Travel & Hospitality
Energy, Resources & Utilities

By Application

Financial
Marketing
Sales
Service Operations
Customer Services
Order MGT
Content MGT
Inventory MGT

By Region

North America
Ltin America
Eastern Europe
Western Europe
APEJ
Japan
Middle East and Africa

1. Executive Summary

1.1. Global Digital Commerce Applications Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Digital Commerce Applications Market Outlook, 2018 - 2031

3.1. Global Digital Commerce Applications Market Outlook, by Industry, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Manufacturing
  - 3.1.1.2. Telecom, Media & Entertainment
  - 3.1.1.3. BFSI
  - 3.1.1.4. Retail & CPG
  - 3.1.1.5. Healthcare & Pharmaceutical
  - 3.1.1.6. Travel & Hospitality
  - 3.1.1.7. Energy, Resources & Utilities
3.2. Global Digital Commerce Applications Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Financial
  - 3.2.1.2. Marketing
  - 3.2.1.3. Sales
  - 3.2.1.4. Service Operations
  - 3.2.1.5. Customer Services
  - 3.2.1.6. Order MGT
  - 3.2.1.7. Content MGT
  - 3.2.1.8. Inventory MGT
3.3. Global Digital Commerce Applications Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Digital Commerce Applications Market Outlook, 2018 - 2031

4.1. North America Digital Commerce Applications Market Outlook, by Industry, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Manufacturing
  - 4.1.1.2. Telecom, Media & Entertainment
  - 4.1.1.3. BFSI
  - 4.1.1.4. Retail & CPG
  - 4.1.1.5. Healthcare & Pharmaceutical
  - 4.1.1.6. Travel & Hospitality
  - 4.1.1.7. Energy, Resources & Utilities
4.2. North America Digital Commerce Applications Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Financial
  - 4.2.1.2. Marketing
  - 4.2.1.3. Sales
  - 4.2.1.4. Service Operations
  - 4.2.1.5. Customer Services
  - 4.2.1.6. Order MGT
  - 4.2.1.7. Content MGT
  - 4.2.1.8. Inventory MGT
4.3. North America Digital Commerce Applications Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Digital Commerce Applications Market Outlook, 2018 - 2031

5.1. Europe Digital Commerce Applications Market Outlook, by Industry, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Manufacturing
  - 5.1.1.2. Telecom, Media & Entertainment
  - 5.1.1.3. BFSI
  - 5.1.1.4. Retail & CPG
  - 5.1.1.5. Healthcare & Pharmaceutical
  - 5.1.1.6. Travel & Hospitality
  - 5.1.1.7. Energy, Resources & Utilities
5.2. Europe Digital Commerce Applications Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Financial
  - 5.2.1.2. Marketing
  - 5.2.1.3. Sales
  - 5.2.1.4. Service Operations
  - 5.2.1.5. Customer Services
  - 5.2.1.6. Order MGT
  - 5.2.1.7. Content MGT
  - 5.2.1.8. Inventory MGT
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Digital Commerce Applications Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Digital Commerce Applications Market Outlook, 2018 - 2031

6.1. Asia Pacific Digital Commerce Applications Market Outlook, by Industry, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Manufacturing
  - 6.1.1.2. Telecom, Media & Entertainment
  - 6.1.1.3. BFSI
  - 6.1.1.4. Retail & CPG
  - 6.1.1.5. Healthcare & Pharmaceutical
  - 6.1.1.6. Travel & Hospitality
  - 6.1.1.7. Energy, Resources & Utilities
6.2. Asia Pacific Digital Commerce Applications Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Financial
  - 6.2.1.2. Marketing
  - 6.2.1.3. Sales
  - 6.2.1.4. Service Operations
  - 6.2.1.5. Customer Services
  - 6.2.1.6. Order MGT
  - 6.2.1.7. Content MGT
  - 6.2.1.8. Inventory MGT
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Digital Commerce Applications Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Digital Commerce Applications Market Outlook, 2018 - 2031

7.1. Latin America Digital Commerce Applications Market Outlook, by Industry, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Manufacturing
  - 7.1.1.2. Telecom, Media & Entertainment
  - 7.1.1.3. BFSI
  - 7.1.1.4. Retail & CPG
  - 7.1.1.5. Healthcare & Pharmaceutical
  - 7.1.1.6. Travel & Hospitality
  - 7.1.1.7. Energy, Resources & Utilities
7.2. Latin America Digital Commerce Applications Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Digital Commerce Applications Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Digital Commerce Applications Market Outlook, 2018 - 2031

8.1. Middle East & Africa Digital Commerce Applications Market Outlook, by Industry, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Manufacturing
  - 8.1.1.2. Telecom, Media & Entertainment
  - 8.1.1.3. BFSI
  - 8.1.1.4. Retail & CPG
  - 8.1.1.5. Healthcare & Pharmaceutical
  - 8.1.1.6. Travel & Hospitality
  - 8.1.1.7. Energy, Resources & Utilities
8.2. Middle East & Africa Digital Commerce Applications Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Financial
  - 8.2.1.2. Marketing
  - 8.2.1.3. Sales
  - 8.2.1.4. Service Operations
  - 8.2.1.5. Customer Services
  - 8.2.1.6. Order MGT
  - 8.2.1.7. Content MGT
  - 8.2.1.8. Inventory MGT
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Digital Commerce Applications Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Digital Commerce Applications Market by Industry, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Digital Commerce Applications Market by Application, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by Application Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Tata Consultancy Services Limited
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Industry Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. International Business Machines Corporation
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Industry Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. Infosys Limited
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Industry Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. Salesforce.com, Inc.
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Industry Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. Cognizant Technology Solution Corporation.
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Industry Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. Oracle Corporation
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Industry Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Visa Inc.
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Industry Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Shopify Inc.
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Industry Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. Digital Turbine, Inc.
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Industry Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Tencent Holdings Limited
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Industry Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations