Global eCommerce Software Market Projected to Soar at a 15.7% CAGR Through 2031, According to New Reed Intelligence Report
A newly released market-analysis report from Reed Intelligence forecasts that the global eCommerce Software Market will register robust growth at a compound annual growth rate (CAGR) of approximately 15.7% between 2023 and 2031.
Key Highlights
Base Year: 2023; Forecast Period: 2023–2031
Growth Rate (CAGR): ~15.7% over the forecast period
Largest Region: North America, driven by a mature technology ecosystem and high consumer demand.
Fastest-Growing Region: Asia-Pacific (APAC), supported by emerging economies, rising internet adoption, and a growing middle class.
Largest Segment by Type: SaaS vs On-Premise – the report differentiates between these deployment types.
Fastest-Growing Segment by Application: Mobile Terminal applications show particularly strong momentum.
Market Dynamics
Drivers:
The report identifies rising online shopping, the expansion of omnichannel retail, and the rapid growth of mobile commerce as the primary drivers fueling market expansion. These trends are pushing businesses to adopt more scalable, flexible, and integrated eCommerce software platforms to meet evolving consumer expectations and capture more digital sales.
Restraints & Challenges:
Despite promising growth, the market must navigate a number of constraints. These include economic uncertainties, regulatory hurdles, and supply chain disruptions, which may impede deployment or slow investment in new software initiatives. Competitive pressures, especially from large incumbents, further complicate market entry for smaller or newer players.
Opportunities:
Reed Intelligence highlights AI-powered personalization, automation tools, and headless commerce solutions as key growth opportunities. By leveraging these technologies, companies can better tailor user experiences, streamline operations, and unlock undeserved markets. Additionally, firms that innovate around emerging consumer behaviors and expand into fast-growing geographies can gain a significant competitive advantage.
Leading Market Players
According to the Reed Intelligence report, the eCommerce Software market is fairly consolidated, with the following companies among the most prominent:
Magento
WooThemes
Shopify
PrestaShop
VirtueMart
OpenCart
BigCommerce
OsCommerce
Demandware
SAP Hybris
Oracle ATG Commerce
OpenText Corporation
Pitney Bowes
CenturyLink
Volusion
EKM Systems
Digital River
Constellation Software
Sitecore
Shopex
Guanyi Soft
Centaur
U1City
Baison
HiShop
Market Segmentation (by Region & Type)
By Type:
On-Premise
SaaS
By Application:
PC Terminal
Mobile Terminal
By Region:
North America (U.S., Canada)
Europe (U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, Rest of Europe)
Asia-Pacific (APAC) (China, Korea, Japan, India, Australia, Singapore, Taiwan, Southeast Asia, Rest of APAC)
LAMEA (Latin America, Middle East & Africa)
Middle East & Africa (UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Rest of MEA)
Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Rest of LATAM)
About Reed Intelligence
Reed Intelligence is a leading provider of market research and analysis, offering in-depth reports across industries and geographies. Their global eCommerce Software Market report (Report Code: RI1187PUB) provides forward-looking insights into technology trends, regional dynamics, and competitive landscapes.
