Global Subscription E-Commerce Platform Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Subscription E-Commerce Platform consists of e-commerce services by entities such as organizations, partnerships, sole traders, etc. that provide delivery of online services and products through subscriptions or apps. The Subscription E-Commerce Platform market is expanding because of factors such as the rising e-commerce industry and growing public inclination toward online buying.
According to UNCTAD in 2021, the global e-commerce market has jumped to around USD 26.7 trillion in 2019 with an increase of around 4% from 2018 due to rising online sales. The Republic of Korea is the dominant region with a share of around 25.9% in 2020. Also, the percentage of retail sales or online shares of the e-commerce industry across Australia, Canada, China, Singapore, the United Kingdom, and the United States is around 9.4%, 6.2%, 24.9%,11.7%, 23.3%, and 14%. Whereas rising data analytics integration with e-commerce and growing strategic collaborations and partnerships create lucrative opportunities for the market. However, upgrades to cyber security to protect customer privacy hamper the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Subscription E-Commerce Platform Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing e-commerce industry, the rising influence of social media platforms, and celebrity endorsement, etc. Whereas North America is expected to grow significantly during the forecast period, owing to factors such as increasing usage of smartphones, internet penetration, and rising demand for subscription-based e-commerce in the forecast period
Major market players included in this report are:
Salesforce Commerce Cloud
Recent Developments in the Market:
In September 2022, Commerce tools expanded its global reach by establishing a new product development hub in Valencia, Spain, owing to the city's significant infrastructure and access to top talent from its many prestigious universities, as well as the area's growing startup ecosystem.
In August 2022, Oro Commerce 5.1 LTS, a new Long-Term Support (LTS) version with new features, capabilities, and technology built on PHP 8.2 and NodeJS 18 and removing MySQL, is scheduled to be released in March 2023.
Global Subscription E-Commerce Platform Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters to detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
CMS-based E-Commerce (Non-Headless
Rest of the World