TECH SUPPLIER Jun 2021 - Market Forecast - Doc # US46436221
Worldwide Digital Commerce Applications Forecast, 2021–2025: All Commerce Becomes Digital Commerce
This IDC study provides a forecast for the worldwide digital commerce applications market through 2025. COVID-19 had a long-lasting impact on the market by accelerating the adoption of ecommerce, ensuring that digital commerce software will be a key for growth in the years to come. IDC forecasts the market will see a double-digit CAGR through 2025.
"As witnessed by the COVID-19 pandemic, practically every business in every industry needs a strategy for digital commerce. B2C and B2B organizations use these software applications to digitally transform how they merchandise, sell, deliver, and support customers," says Jordan Jewell, research manager, Digital Commerce and Enterprise Applications at IDC. "While we anticipate that the digital commerce applications market will revert to the mean in terms of growth, shift in customer expectations and the formation of new habits is permanent."
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