A definitive Guide to understand the features and benefits of best ecommerce platforms

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www.360quadrants.com

• A definitive Guide to understand the features and
  benefits of best ecommerce platforms

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Market OverviewEcommerce platforms help
businesses in handling the online store
processes, right from their inventory, to adding
or eliminating products, to calculating taxes and
fulfilling orders in the best possible way. The
ecommerce platforms market has an estimated value
of around 5.6 billion U.S. dollars in 2020 and is
estimated to grow to approximately 6.7 billion
U.S. dollars by 2023. With the fast growth of
ecommerce sales, international retail e-commerce
sales are predicted to reach 6.6 trillion U.S.
dollars by 2023.High spending capacity combined
with an increase in spending on apparel is
expected to upsurge the growth of the global
eCommerce platforms market over the next few
years. Furthermore, the eCommerce industry has
grown unusually well in the earlier years and is
expected to witness exponential growth in the
upcoming years.Market SegmentationThe market
is categorized in five major regions that include
North America, Asia Pacific, Europe, Middle East
Africa and Latin America regions. Amongst these
regions, Asia Pacific is likely to lead the
overall ecommerce platforms market over the next
few years. Increasing number of business
formations is providing the best opportunities
for the ecommerce platforms service
providers.
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• Based on type of platforms, the market is
  classified into, commerce, order management,
  business intelligence, shipping and others,
  amongst which, commerce is accounted for the
  biggest market share in complete worldwide
  ecommerce platforms market.
• Technology Overview
• best eCommerce platforms also be termed as a
  shopping cart solution, shopping cart software,
  ecommerce website builder, online store builder
  or ecommerce platforms and it caters a sole
  purpose that is to help businesses in selling
  their products online. Ecommerce platform
  comprises customizable site templates, a unified
  shopping cart, SEO, email marketing, inventory
  management and analytics.
• eCommerce Platforms Drivers and Limitations
• The international eCommerce platforms market is
  driven by the software that is user-friendly and
  also inexpensive for small scale businesses. The
  price of adding an ecommerce constituent to
  present business and enter in a newer market
  falls anywhere between US 100 to US 150 per
  month and it allows expansion through online
  business. 
• ecommerce is quickly accounting for a larger
  quantity of the total retail sales in the U.S.
  According to the U.S. Department of Commerce,
  customers spent about US 194 billion online in
  2011. With this kind of consumption and trend, a
  growing number of small and mid-size companies
  are taking the online platform for all or some of
  its operations.
• However, higher prices of hybrid and cloud based
  software and low internet penetration rate in
  emergent countries are some of the important
  factors which are likely to restrict the growth
  of global ecommerce market in the near future.

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• Top 10 eCommerce Products in 2020
• eCommerce platforms help businesses in managing
  their core processes like the front-end vending
  of products and services, and the back-end
  operations of managing inventory and customer
  order history. 360Quadrants has analysed the
  eCommerce market and has identified top 10
  products in the market based on various critical
  parameters. These top products have been
  highlighted below
• Shopify
• WooCommerce
• BigCommerce
• Miva
• 2Checkout
• nopCommerce
• Magento Commerce
• SuiteCommerce
• Ecwid
• FastSpring

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• Top 10 Upcoming eCommerce Companies in 2020
• Due to the fact that businesses today are
  adopting online channel as on their medium to
  sell products or services, the day isnt very far
  where majority of their businesses will be
  generated online. With this as an opportunity, a
  last few years has seen a lot of start-ups and
  also a few companies coming up due to their
  technology adoption and their pricing structures.
  360Quadrants has identified a few of these
  upcoming companies which offer latest ecommerce
  solutions
• Volusion
• Sellfy
• Slatwall
• 3dcart
• Handshake
• Digital River
• Square Ecommerce
• Storbie
• TrueCommerce
• Expedite Commerce

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• ECommerce Platforms Challenges and Resolutions
• An Absence of Online Identity Verification
• Customer sign-ups with incorrect information or
  COD purchases with fake contact details may lead
  to huge revenue damages.
• Checking for any signs of suspicious activity and
  identifying fake phone numbers and email
  addresses
• Sending a verification link when a customer signs
  up
• With COD purchases, an automated call could even
  dial out to the customer, asking them to validate
  the delivery address.
• Delivering Omnichannel customer experience
• Customers today tend to use multiple channels to
  interact with brands. In this case, any business
  that isnt adopting an omnichannel retailing
  strategy will possible lag behind its online
  savvy competitors.
• Latest visual engagement tools allow businesses
  to help customers across all channels
• Recognizing key channels
• Maintaining the context.

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• About 360Quadrants
• 360Quadrants is the largest marketplace looking
  to disrupt US 3.7 trillion of technology spend
  and
• is the only rating platform for vendors in the
  technology space. The platform provides users
  access
• to unbiased information that helps them make
  qualified business decisions. 360Quadrants
  enables
• vendors to influence the business decisions of
  potential clients. Vendors get to win ideal new
• customers, customize their quadrants, decide key
  parameters, and position themselves strategically
• in a niche space, to be consumed by giants and
  start-ups alike. Experts get to grow their brand
  and
• increase their thought leadership. The platform
  targets the building of a social network that
  links
• industry experts with companies worldwide. The
  platform has around 400 total buyers across
• various markets.
• 360Quadrants will also be launching quadrants in
  fields like Learning Management System, SEO
  Software, and Payroll Software.

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•  
• Contact
• Mr. Agney Sugla
• agney_at_marketsandmarkets.com
• 630 Dundee Road, Suite 430
• Northbrook, IL 60062