|By Business Wire||
|December 19, 2013 10:06 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/l8grgd/global_ecommerce) has announced the addition of the "Global E-commerce Software Market 2012-2016" report to their offering.
The analysts forecast the Global E-commerce Software market to grow at a CAGR of 11.73 percent over the period 2012-2016. One of the key factors contributing to this market growth is the high growth of the Global E-tailing market. The Global E-commerce Software market has also been witnessing an increasing popularity of mobile commerce. However, threat from open-source solution providers could pose a challenge to the growth of this market.
The key vendors dominating this space include Demandware, Inc., Hybris, IBM Corp., and Oracle Corp.
The other vendors mentioned in this report are Cleverbridge, Digital River, Ebay GSI Commerce, Intershop, Jagged Peak, MarketLive, Magento, SAP AG, Venda, and Volusion.
Commenting on the report, an analyst from the team said: One of the main trends witnessed in the Global E-commerce Software market is growing popularity of mobile commerce. It has been established that more half of the online consumers are either using smartphones or tablets. Viewing the high opportunity from mobile commerce (or m-commerce), several retailers have adopted smartphone applications as a mean to facilitate online sales. Consumers are using Android-enabled smartphones and iPhones for surfing the internet, making reservations, online payments, and for online shopping. This has made mobile commerce as an emerging channel for e-tailing.
According to the report, one of the main factors driving the market is the high growth of the Global E-tailing Market. The high adoption of mobile devices, broadband connections, and the increasing time spent by users on the internet are some of the major reasons contributing to the growth of the Global E-tailing market. The market is witnessing a rapid increase in the number of internet users.
Further, the report states that one of the main challenges is availability of open-source e-commerce Solutions. Magento is one of the leading open-source vendors that enjoy high popularity among enterprises. Magento Enterprise Edition and Magento Community Edition are its popular offerings, of which Magento Community Edition is an open-source offering.
For more information visit http://www.researchandmarkets.com/research/l8grgd/global_ecommerce
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