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Market Research Report

Worldwide Digital Commerce Applications Forecast, 2020-2024

Published by IDC Product code 945361
Published Content info 15 Pages
Delivery time: 1-2 business days
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Worldwide Digital Commerce Applications Forecast, 2020-2024
Published: June 27, 2020 Content info: 15 Pages
Description

This IDC study provides a forecast for the worldwide digital commerce applications market through 2024. While COVID-19 is expected to impact the digital commerce software market, the effect is expected to be much less than most enterprise applications and the market forecasts a CAGR of 10.8% through 2024."As witnessed by the COVID-19 pandemic, practically every business in every industry needs a strategy for digital commerce. B2C and B2B organizations use these software applications to digitally transform how they merchandise, sell, deliver, and support customers," says Jordan Jewell, research manager, Digital Commerce and Enterprise Applications. "As the digital commerce applications market recovers and continues to evolve over the next five years, businesses will continue to make digital commerce a strategic focus in their digital transformation efforts to win over customers and capitalize on shifting buying habits."

Table of Contents
Product Code: US45243320

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

  • Drivers and Inhibitors
    • Drivers
      • Digital Commerce Acceleration
      • Microservice Architectures
      • Mobile Commerce
    • Inhibitors
      • Homegrown Commerce Platforms
      • Economic Downturn
  • Significant Market Developments
  • Changes from Prior Forecast

Market Definition

Methodology

  • Historical and Forecast Market Values and Exchange Rates

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