E-commerce Independent Software Vendors [ISVs] Market: Global Industry Analysis and Forecast (2024-2030)

E-commerce Independent Software Vendors [ISVs] Market Overview:            

E-Commerce Independent Software Vendor (ISVs) is a developer and publisher of software based on a customer's business and technical requirements. The ISVs are one of the core groups of the IT industry, as they create, distribute, and integrate advanced technologies and solutions. Independent software vendor (ISV) solutions are compatible with one or more hardware or operating system platforms. The E-commerce independent software vendors (ISVS) market provides solutions to optimize e-commerce operations such as order management, shopping cart automation, inventory management, multi-channel retailing, point of sale, sourcing, procurement, and supplier relationship management. E-commerce Independent Software Vendors (ISVs) market has been significant growth driven by the growing adoption of e-commerce explanations by businesses across various industries. The E-commerce Independent Software Vendors (ISVs) refer to software development companies that specify in creating and offering modified applications for e-commerce platforms.

                                     

The E-commerce Independent Software Vendors (ISVs) market is facing significant growth due to the rising demand for efficient e-commerce solutions. E-commerce ISVs provide personalized software applications that enable seamless integration of essential functionalities, resulting in improved efficiency, customer satisfaction, and revenue generation. E-commerce independent software vendors (SV) provide solutions to optimize e-commerce operations such as order management, shopping cart automation inventory management, multi-channel retailing, point of sale, sourcing, procurement, and supplier relationship management. E-commerce, kiosk, POS (point of sale), and retail industries are growing due to the rapid adoption of advanced technologies such as payment solutions, customer service tools, and business intelligence. ISVs provide payment solutions to their e-commerce clients existing software applications. These integrated solutions enable customers to make payments through ISV platforms rather than redirecting them to a third-party or external payment processing company. Increase in the implementation of multi-cloud and hybrid cloud, systems help companies implement application workloads that embrace functionalities, such as data residency standards, enforcement and legislation, low latency, low cost, improved mobility, and provide enhanced protection, better user interface, and ubiquitous access.

 

                   

                                                 

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E-commerce Independent Software Vendors [ISVs] Market Dynamics:                

Increasing demand for omnichannel experiences: Businesses are embracing omnichannel strategies to provide a seamless shopping experience across multiple platforms, including websites, mobile apps, social media, and physical stores. E-commerce ISVs enable businesses to integrate and manage these channels effectively.

 

Growing smartphone penetration: The widespread availability of smartphones and the increasing affordability of mobile internet have led to a surge in mobile e-commerce. E-commerce ISVs offer mobile-friendly solutions that facilitate smooth transactions and optimize the mobile shopping experience.

 

Rising focus on data-driven insights: Businesses are leveraging data analytics to gain valuable insights into customer behavior, preferences, and market trends. E-commerce ISVs provide analytics tools and solutions that enable businesses to make data-driven decisions, enhance personalization, and drive customer engagement.

                                                                                                   

E-commerce Independent Software Vendors [ISVs] Market Restraints:

Security concerns: With the increasing volume of online transactions, cybersecurity threats have become a significant concern for businesses and consumers alike. E-commerce ISVs must prioritize robust security measures to safeguard sensitive customer information and maintain trust.

 

Complex integration processes: Integrating e-commerce software solutions with existing systems and infrastructure can be a complex and time-consuming process. E-commerce ISVs need to offer seamless integration capabilities and comprehensive technical support to address this challenge.

                           

Intense competition: The E-commerce ISV market is highly competitive, with numerous vendors vying for market share. Differentiating themselves through unique offerings, quality, and customer support becomes crucial for vendors to thrive in this competitive landscape.

 

E-commerce Independent Software Vendors [ISVs] Market Opportunities:

 

Emerging markets: Developing economies with expanding internet penetration present significant growth opportunities for E-commerce ISVs. The businesses in these regions embrace e-commerce, and there is a demand for reliable software solutions to support their online operations.

                     

Integration with emerging technologies: Integration of e-commerce platforms with developing technologies such as AI, ML, augmented reality (AR), and virtual reality (VR) presents immense potential for E-commerce ISVs to offer improved user experiences and drive customer engagement.

                             

Cross-border e-commerce: The globalization of markets and the increasing approval of cross-border e-commerce create chances for E-commerce ISVs to provide solutions that enable international transactions, overcome language barriers, and address regulatory complexities.

 

E-commerce Independent Software Vendors [ISVs] Market Segment Analysis:

Based on the Business Types, The B2B Commerce segment dominated the E-commerce Independent Software Vendors [ISVs] Market in the year 2023 & is expected to continue its dominance during the forecast period. Based on the Business types includes B2B Commerce and B2C Commerce provided by the size of businesses served, and the industries catered to segmentation. B2B Commerce is preferred over B2C Commerce to the benefits of the business technology is expected to dominate the global market. In addition, segment demand in the market can increase as companies need to expand their services without being bound by restrictions.

 

         

 

                                                                   

Based on the End-Users, The Apparel & Fashion segment dominated the E-commerce Independent Software Vendors [ISVs] Market in the year 2023 & is expected to continue its dominance during the forecast period. Based on the End-users included Apparel & Fashion, Food & Beverage, Electronics, Health & Beauty, Home & Furnishing, and Others. The Apparel & Fashion segment is showing excellent growth in the ISVs. E-commerce End-Users may benefit most from independent software vendors as online shopping is increasing.

 

E-commerce Independent Software Vendors [ISVs] Market Regional Insights:                                                                                           

The North American region dominated the E-commerce Independent Software Vendors [ISVs] Market in the year 2023 & is expected to continue its dominance during the forecast period. North America leads the global e-commerce independent software vendors market, with the US driving demand. FMCG retailers are transitioning towards e-commerce, giving North America significant influence. In the US, independent software vendors are innovating in e-commerce software and technologies to broaden revenue streams. The Asia Pacific market is expected to grow the fastest due to the increase in internet and smartphone diffusion in emerging economies. Countries with high growth in e-commerce sales, like the Philippines, India, Indonesia, and China, are accelerating the market. Independent software vendor services are available to customers in the apparel & fashion industry, and electronics and home & furnishing sectors in Asia Pacific.

 

E-commerce Independent Software Vendors [ISVs] Market Scope:

 

E-commerce Independent Software Vendors [ISVs] Market
Market Size in 2023	USD 12.72 Bn.
Market Size in 2030	USD 41.75 Bn.
CAGR (2024-2030)	18.5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	Based on the Business Types B2B Commerce B2C Commerce
	Based on the End-user Apparel & Fashion Food & Beverage Electronics Health & Beauty Home & Furnishing Others
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe North America – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

E-commerce Independent Software Vendors [ISVs] Market Key Players

 

1. WorldWideScience.org
2. Elsevier, Inc.
3. National Institutes of Health (NIH)
4. PubMed
5. NCBI
6. Department of Health Care Service
7. Trade Data Sources
8. Trade Map
9. UN Comtrade
10. Trade Atlas
11. Company Information
12. OneSource Business Browser
13. Hoover’s
14. Factiva
15. Bloomberg
16. Mergers & Acquisitions
17. Thomson Mergers & Acquisitions
18. MergerStat
19. Profound