Go to content
The Codest
  • About Us
    • Staff Augmentation
    • Project Development
    • Cloud Engineering
    • Quality Assurance
    • Web Development
  • Our Team
  • Case studies
    • Blog
    • Meetups
    • Webinars
    • Resources
Careers Get in touch
  • About Us
    • Staff Augmentation
    • Project Development
    • Cloud Engineering
    • Quality Assurance
    • Web Development
  • Our Team
  • Case studies
    • Blog
    • Meetups
    • Webinars
    • Resources
Careers Get in touch
2019-04-30
Startups

Why does technology speed up e-commerce, marketplaces and SaaS companies’ growth?

Greg Polec

CEO

Why does technology speed up e-commerce, marketplaces and SaaS companies’ growth? - Image

Companies from the e-commerce sector or those operating in the SaaS model, or having their own marketplace, are characterized by very large growth potential. This is reflected in statistics and current market trends. Technological facilities, on the other hand, are the factor that allows them to develop business in a stable way.

Quick overview concerning the potential of e-commerce, marketplaces and Saas companies

If you've ever thought about the potential of the e-commerce industry, take a careful look at these statistics. Revenue in the ecommerce market is estimated on $ 2027,945m in 2019. In comparison to 2018, this means a year-to-year increase by 11.3%. It is also estimated that 3769.2m users will benefit from e-commerce services in 2019. In this case, this makes an increase of 6.1% year to year. What's more, in 2023 this number should change into 4475,7m users

It looks impressive, doesn’t it? We will now look at companies operating as a marketplace and those based on the SaaS model. The biggest advantage of marketplaces is undoubtedly the digitalization of purchasing processes.  It affects users who become more and more interested in online marketplaces. It is simply a convenient and cost-effective solution. Annually, the number of marketplaces around the world is growing significantly. Their increase is estimated at around 38% each year.

Ecommerce

Another noticeable trend is the transfer of various sales and billing processes from offline to the network. It is connected with the ubiquitous technological development and the increase in the popularity of online points of sale. This fact contributes to the increase in the popularity of SaaS software. You may say that this is the future of online companies. This solution is very effective in every aspect. One of the most important factors is that it provides a possibility to monitor buying processes. That causes both -  higher efficiency and better cost-effectiveness.

Most interesting markets in Europe

E-commerce, marketplace and SaaS thrive in Europe. In terms of revenue, this part of the world is in the third place. Germany is considered to be the market leader in Europe and is quite possible. We already mentioned in one of our articles that Berlin is becoming a new Silicon Valley in Europe. In Germany, we can find many great developing companies of that kind, such as HeyJobs or Devolute. The Netherlands is also one of the best markets. There you will find such companies as Retrosync, Ace & Tate or Convious.

Companies from Nordic and Baltic countries have a stronger position. These markets can also be proud of their strong leaders for example CG Trader, Latio.lv and Vinted from Lithuania, Coolbet from Estonia. From the Nordic countries Pioneer Labs worth mentioning.

Generally, the whole Europe has potential in e-commerce, marketplace and SaaS development. Recently it has been Spain that can boast of progress. Tapnex company from Barcelona is really a perfect example.

Martketplace

Why does technology speed up e-commerce, marketplaces and SaaS companies’ growth?

And here is the answer. Good quality of technological facilities guarantee company's security, allow it to maintain its constant growth, gain new customers and new markets, develop its services and constantly increase their quality. These are the most important factors that make technology crucial in the activities of this type of companies.

Imagine that you run your own e-commerce store. Hundreds of people visit it every day, and some of them make purchases. If they are satisfied - they will come back, but if they meet a technical problem… you may forget about second purchase. Taking into account a global scale, all technological facilities must be of the highest quality. Only in this way will the customer will achieve a sufficient level of satisfaction with your services and he will come back to make another purchase.

In addition, you must remember that the rapid development of technology is one of the most important trends in the era of current times, which itself stimulates the need for high-quality technology. Customers pay attention to the smallest details. Reliability of your website, complexity of solutions or lack of errors. The quality of technology in your business is of the utmost importance. Do not forget about it.

Read also:

- Why quality in software development is key?

- Most promising startups from Spain. They develop fast and go global!

Related articles

Startups

10 Dubai companies worth watching in 2020

Dubai is the heart of the United Arab Emirates with its increasingly prosperous market of global companies and promising startups. Many can boast about their international success and noteworthy products. This market is very...

Tuna Pinar
Startups

10 most interesting facts about German e-commerce market

The e-commerce market is one of the most profitable sectors in Germany. It belongs to the group of the most developing markets all over the world.

Jakub
Startups

10 New York City Startups Worth Mentioning in 2021

When you think of the startup scene in the United States of America, you automatically assume Silicon Valley, right? That’s where all the buzz is. But what about the rest of the states, let alone the East Coast? I just want to...

Dominick Kielbowicz
Startups

11 Boston Companies You Should Know about

Boston - the startup capital of the East Coast. Fueled by talents from Universities such as Harvard and MIT this city has huge potential when it comes to technology, biotechnology and healthcare industries. With nearly 700k...

Dominick Kielbowicz
Startups

How to successful scale and keep up with a steady growth?

Every year thousands of startups worldwide fail to scale their business. It is estimated that, over 40% of all new startups, end up failing due to lack of market needs. If you are planning a dynamic growth of your startup but you...

Nuno Barbosa
Startups

5 Connecticut Startups on the Rise

Cities like San Francisco, Boston, and New York have always been buzzing with the startup scene. But what about New York’s neighbor, Connecticut?

Dominick Kielbowicz

Subscribe to our knowledge base and stay up to date on the expertise from industry.

About us

The Codest – International Tech Software Company with tech hubs in Poland.

    United Kingdom - Headquarters

  • Office 303B, 182-184 High Street North E6 2JA London, England

    Poland - Local Tech Hubs

  • Business Link High5ive, Pawia 9, 31-154 Kraków, Poland
  • Brain Embassy, Konstruktorska 11, 02-673 Warsaw, Poland
  • Aleja Grunwaldzka 472B, 80-309 Gdańsk, Poland

    The Codest

  • Home
  • About us
  • Services
  • Case studies
  • Know how
  • Careers

    Services

  • PHP development
  • Java development
  • Python development
  • Ruby on Rails development
  • React Developers
  • Vue Developers
  • TypeScript Developers
  • DevOps
  • QA Engineers

    Resources

  • What are top CTOs and CIOs Challenges? [2022 updated]
  • Facts and Myths about Cooperating with External Software Development Partner
  • From the USA to Europe: Why do American startups decide to relocate to Europe
  • Privacy policy
  • Website terms of use

Copyright © 2022 by The Codest. All rights reserved.

We use cookies on the site for marketing, analytical and statistical purposes. By continuing to use, without changing your privacy settings, our site, you consent to the storage of cookies in your browser. You can always change the cookie settings in your browser. You can find more information in our Privacy Policy.