E-commerce platforms are a tech framework that help company owners control their selling activities digitally. Several market vendors provide various platforms of ecommerce to match various business needs. Each platform has its own benefits and drawbacks, and companies choose the one that fits their needs. E-commerce platforms typically represent the front end aspect of a company and facilitates online selling of goods to the customers.
Know More:
- https://www.360quadrants.com/software/e-commerce-platforms
Categorization of E-commerce Platform Providers
360Quadrants evaluated over 35 companies in the E-Commerce
Platforms space out of
which 19 companies were categorized as Visionary Leaders, Innovators,
Dynamic Differentiators, and Emerging Companies.
Shopify, WooCommerce, BigCommerce, and Ecwid have been
identified as visionary leaders as they have established product portfolios and
a robust market presence and business strategies.
Shopmatic, Zepo,
Zoey, Ecomchain, and Storm have been identified as innovators as
they have focused product portfolios, and innovative business
strategies which help them in growing consistently.
Digital River, Handshake, Kartrocket,
and Teespring have been identified as emerging companies as they have
niche product offerings and decent business strategies.
2Checkout, Paypro Global, Square
E-Commerce, nopCommerce, Sellfy, and Prestashop have
been recognized as dynamic differentiators as they are largely dependent
on their competitive R&D activities.
360 Scoring Methodology
Best Companies in E-Commerce
Platforms will be rated using the following
methodology –
1.
A highly experienced team of researchers
and senior analysts conduct extensive research to generate a list of vendors
(competitors).
2.
A patent-pending algorithm is used to
collect inputs from key stakeholders—industry experts, buyers, vendors, and
360Quadrants analysts—based on criteria for Product
Maturity and Company Maturity.
a. Criteria
under Product Maturity include breadth and depth of
product/service offering, product features and functionalities, product
differentiation, and their impact on customer value.
b. Criteria
under Company Maturity include geographical footprint, partner
ecosystem, financial stability, and client coverage or sector
footprint.
3.
Approximately 100+ in-depth
parameters will be considered for research for
the best E-Commerce Platforms. These parameters will be updated
every six months to ensure latest developments are taken into
consideration.
4.
A weightage is assigned to each
stakeholder based on information gathered pertaining to the above criteria as
well as inputs from stakeholders. These inputs follow the order of priority
given below:
a. Buyers
b. Industry Experts
c. 360Quadrants Analysts
d. Vendors (Competitors)
5.
The inputs are analyzed, and a final rating
is assigned to each vendor (competitor).
6.
After the finalization of ratings, each
vendor is placed in the most relevant quadrant based on their score.
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