Worldwide Digital Commerce Applications Forecast Update, 2020-2024: 2H20
This IDC study provides an updated market forecast to Worldwide Digital Commerce Applications Forecast, 2020-2024 (IDC #US45243320, June 2020), to show how market assumptions have rapidly evolved during the COVID-19 pandemic. While COVID-19 is expected to impact the digital commerce software market, the effect is expected to be much less than most enterprise applications and the market forecasts a CAGR of 12.9% through 2024."Practically every business in every industry has been impacted by the COVID-19 crisis and needs a strategy for digital commerce. B2C and B2B organizations use these applications to digitally transform how they merchandise, sell, deliver, and support customers," says Jordan Jewell, research manager, Digital Commerce and Enterprise Applications. "As the digital commerce applications market recovers and 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."