Thursday 12 February 2015,
TechNavio recognizes the following companies as the key players in the Global e-Commerce Technology Market : Demandware Inc., eBay Inc., hybris AG, IBM Corp., Oracle Corp. , cleverbridge AG , Commerceserver, Digital River Inc., Insite Software Solutions Inc., IntershopCommunications AG, JDA Software Group Inc., Magento Inc, MICROS Systems Inc., NetSuite Inc., SAP AG, Venda Inc., Volusion Inc
Commenting on the report, an analyst from TechNavio’s team said: “As the world is witnessing rapid technological changes, shopping patterns of consumers and businesses are also changing. The difference between e-Commerce and commerce is diminishing and customers expect the same shopping experience and integration across various sales channels. It is the responsibility of vendors to meet consumer needs, which has led to the rise of omni-channel operations”.
According to the report, the growth of the Global e-Commerce Technology market is driven by several factors. One of the major drivers is the increased number of customer touch points. As the world is witnessing rapid technological changes, the buying preferences of customers are also changing, which has generated the need for more online sale channels.
Further, the report states that security and privacy concerns constitute one of the major challenges in the market. Customers are always vulnerable to the risk of losing their private and confidential information in e-Commerce transactions because of hacking and cyber fraud.
The report also includes a discussion of the other vendors operating in this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.