E-commerce software includes a wide range of Internet-based services for selling products services which allow the management of existing goods, increase or decrease of the inventory, calculation of tax, etc. so that the process of selling products in online shops would be simplified. Due to the widespread penetration of the Internet and high access to devices such as mobile phones and laptops, an increase in the number of online retail stores will be witnessed.
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Market / Industry segment of retail e-commerce software
|Base Year||Market size(B$)||Duration(YEAR)||CAGR(%)||Source Name|
|2019 ||0.4220||5||10.60%||Fior Market|
|2019 ||0.52||15||7 10.60%||Market watch|
|2020 ||5||7||9.20%||Research and market|
|2020 ||5||8||9.20%||PR news wire|
Influencing factors that changes market size of retail e-commerce software
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of retail e-commerce software
- Technology advancement
- Increasing number of mobile phones
- Internet penetration
- Increasing number of online shopping
- High cost of infrastructure
- Inefficient delivery system
This market may also be threatened by following risks:
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of retail e-commerce software may also be threatened by following risks:
- Reputation risk
- Legislation risk
- Competition risk