A definitive Guide to understand the features and benefits of best ecommerce platforms
                     www.360quadrants.com 
A definitive Guide to understand the features and benefits of 
best ecommerce platforms
https://www.360quadrants.com/software/e-commerce-platforms
Market Overview
Ecommerce 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 Segmentation
The 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.
https://www.360quadrants.com/software/e-commerce-platforms
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.
https://www.360quadrants.com/software/e-commerce-platforms
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
https://www.360quadrants.com/software/e-commerce-platforms
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 isn’t 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
https://www.360quadrants.com/software/e-commerce-platforms
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 isn’t 
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.
https://www.360quadrants.com/software/e-commerce-platforms
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.  
https://www.360quadrants.com/software/e-commerce-platforms
 
Contact:
Mr. Agney Sugla
[email protected]
630 Dundee Road, Suite 430
Northbrook, IL 60062
https://www.360quadrants.com/software/e-commerce-platforms