E-commerce Software Market Size and Trends
The global e-commerce software market was valued at USD 7.12 billion in 2022 and is projected to grow at a CAGR of 15.3% from 2023 to 2030. E-commerce software streamlines complex processes, aiding companies in inventory management, tax calculations, and other business functions. The rising popularity of online shopping has driven demand for e-commerce software among retailers. According to the U.S. Department of Commerce, e-commerce sales accounted for around 11.0% of total retail sales in the U.S. in 2019. With significant investments from retailers like Walmart and The Kroger Co. to boost e-commerce sales, the market is expected to grow substantially over the forecast period.