Gartner released their Magic Quadrant for digital commerce platform vendors to provide direction and clarity to companies seeking platform solutions. Digital Commerce platforms continue to expand and incorporate numerous technologies and functionalities, adding complexity to vendor evaluations. Gartner evaluated 21 providers of digital commerce platforms to assist digital business leaders in this process.
“We’re thrilled that Gartner recognizes these industry leading platforms to help our clients make the best selection that will help their company achieve their business goals,” said Gregg Wyland, Siteworx’ Vice President of Alliances.
Spending on digital commerce solutions is expected to reach $9.4 billion worldwide by 2020. Furthermore, according to Gartner:1
- By 2018, 40% of B2B digital commerce sites will use price optimization algorithms and configure, price and quote tools to dynamically calculate and deliver product pricing.
- By 2020, companies that are digitally trustworthy will generate 20% more online profit than those that are not.
- By 2020, 25% of leading online sellers will have enabled first-generation "commerce that comes to you" capabilities.
- By 2020, smart personalization engines used to recognize customer intent will enable digital businesses to increase their profits by up to 15%.
“Whether B2B, B2C or B2B2C, there are several platforms to meet the individual needs of each company. We are prepared to help our clients scale rapidly with commerce solution implementations,” said Liz Duggan, Siteworx’ Vice President of CX Consulting.
1 Gartner, Magic Quadrant for Digital Commerce, 24 April 2017
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