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The eCommerce platform market size is projected to grow from USD 7.1 billion in 2023 to USD 13.5 billion by 2028, at a CAGR of 13.8% during the forecast period. An increasing online consumer base with the growing adoption of smartphones will fuel the demand for eCommerce platforms. The growing global trend of consumers turning to online shopping has generated a significant need for eCommerce platforms. With the increasing popularity of digital shopping, businesses seek strong and reliable platforms to create and efficiently manage their online stores.

Major Ecommerce Platform Companies Include

• Shopify (Canada)
• Wix (Israel)
• Oracle (US)
• Adobe Commerce (US)

Various globally established players, such as Shopify (Canada), Wix (Israel), Oracle (US), Adobe Commerce (US), and Square (US), are dominating the eCommerce Platform market. To increase their market share in the eCommerce Platform market, these competitors have used a variety of growth methods, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.

To know about the assumptions considered for the study download the pdf brochure

Shopify is one of the leading providers of a cloud-based, multichannel commerce platform designed for enterprises to products online and offline. In April 2023, Shopify is enhancing its range of fintech solutions by introducing Shopify Bill Pay. This tool enables merchants to handle and pay directly to vendors within the Shopify admin dashboard without subscription fees. By partnering with Melio, Shopify Bill Pay allows merchants to save approximately 16 hours per month on business bill payments. Additionally, this solution is twice as fast as other B2B expense solutions available. With Shopify Bill Pay, the company continues to expand its suite of integrated financial solutions, providing merchants with a comprehensive set of required financial tools for efficiently managing and growing their businesses and optimizing their financial resources.

Wix Headless is a platform that allows developers to create websites and applications that are decoupled from the presentation layer. This means that the content and data of the website are stored separately from how it is presented to users. This gives developers more flexibility and control over the look and feel of their websites, while still leveraging Wix's powerful backend services. Wix Portfolio enables users to enhance their online presence and create a free portfolio website, with more than 900 customized templates.

Oracle Corporation: Oracle is a multinational technology company headquartered in Austin, Texas. Founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates, Oracle is renowned for its database software, cloud engineering systems, and enterprise software products. The company offers a comprehensive suite of cloud applications, platform services, and engineered systems, which help businesses manage and analyze data, streamline operations, and improve performance. Oracle's flagship product, the Oracle Database, is widely used across industries for data management and processing. Additionally, Oracle provides cloud infrastructure and services, making it a key player in the technology and cloud computing sectors.

Adobe Commerce (formerly Magento): Adobe Commerce, formerly known as Magento, is an e-commerce platform developed by Adobe Inc. Headquartered in San Jose, California, Adobe Commerce provides a flexible and scalable solution for businesses to create and manage their online stores. The platform offers features such as product catalog management, shopping cart functionality, order management, and customer accounts. It also integrates with various payment gateways and third-party applications. Adobe Commerce is known for its robust customization options, extensive marketplace of extensions, and strong community support, making it a popular choice for businesses of all sizes looking to enhance their e-commerce capabilities

Related Reports:

ECommerce Platform Market by eCommerce Model (B2B and B2C), Offering (Solutions and Services), Industry (Beauty & Personal Care, Consumer Electronics, Home Decor, Fashion and Apparel, F&B), and Region - Global Forecast to 2028