This IDC study provides a forecast for the worldwide digital commerce applications market through 2023. This includes cloud versus on-premises, by global region, and for B2C commerce versus B2B commerce. The digital commerce applications market is forecast to grow at a swift pace and is one of the fastest growing in the entire enterprise applications market.
"As a larger share of total commerce is conducted on digital channels, digital commerce applications and marketplaces have a very direct impact on the world around us. These technologies make it easier and quicker for customers to get what they want, when they want it, and how they want it," says Jordan Jewell, research manager, Digital Commerce and Enterprise Applications. "As the digital commerce applications market continues to evolve over the next five years, businesses will continue to make digital commerce a strategic focus in their digital transformation efforts to win over customers and capitalize on shifting buying habits."
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