Market Share of Digital Commerce Software Industry
The digital commerce software market is highly fragmented and competitive in nature. Some key players are SAP SE, IBM Corporation, Oracle Corporation, Demandware Inc., NetSuite Inc., Sappi Limited, Intershop, Volusion Inc., eBay enterprise, TCS Ltd, Cleverbridge Inc., MarketLive Inc., and Shopify Inc., among others. Product launches, high expenses on research and development, partnerships and acquisitions, etc., are the prime growth strategies these companies adopt to sustain the intense competition.
In November 2022, Konica Minolta partnered with Elastic Path to transform its B2B commerce experience. Elastic Path is the creator and leader of the Composable Commerce Movement, an approach that allows business and technology teams to bring their brands' unique digital vision to life. This is accomplished by launching and continuously optimizing digital commerce experiences that leverage multiple best-of-breed vendors in a complete, business-ready solution.
In September 2022, Like Digital & Partners declared a partnership with the Commercetools partners community across their European and MENA regional teams. The company is strategically maximizing its partnership network and has selected the innovative partner Commercetools for its place in the global market. By partnering with Commercetools, Like Digital & Partners would deepen its overall capabilities and service offering in the headless, composable commerce space. Commercetools would allow Like Digital to create visionary commerce experiences and thus pave the way for a new digital commerce era.
Digital Commerce Software Market Leaders
HCL Technologies Limited
Oracle Corporation
Digital River Inc
Sappi Limited
Salesforce Inc
*Disclaimer: Major Players sorted in no particular order
