Gartner’s 2020 Magic Quadrant for Digital Commerce report is out, and OroCommerce is proud to take a spot among the leading 15 eCommerce systems in the list so soon after the platform’s creation.
In this year’s Digital Commerce Magic Quadrant report, Gartner revealed that organizations leveraging multiple go-to-market approaches in their digital commerce strategy will outperform offline organizations by 30% in growth in just two years. They also predict that businesses operating enterprise marketplaces for more than one year can expect to see at least a 10% increase in digital revenue by 2023.
What Is Gartner’s Magic Quadrant?
Gartner is a global consulting firm known for high quality, unbiased research in the IT market with tens of thousands of consultants in over 100 countries. Their job is to analyze, educate, and provide insights via market research and reports so that businesses can make better decisions.
Gartner’s goal is to provide IT and business leaders with a comprehensive picture of market trends that will likely become reality in the future. They ascribe to the highest ethical standards in their research and analysis while retaining their independence and objectiveness. Known as the Magic Quadrant, it’s their hallmark graphical representation of industry players which is published every year.
The purpose of the Magic Quadrant for Digital Commerce is to offer a representation of four sections or “quadrants” digital commerce platforms can fall into. After a rigorous screening process, only the top vendors with a positive trend in customer growth, fast pace of innovation, as well as demonstrated reliability, are included in this report.
Oro In the Digital Commerce Magic Quadrant
Oro, the company behind OroCommerce, enables manufacturers, distributors, wholesalers, and multi-channel brands, to harness the power of digital commerce and grow their revenue. As a result, organizations can get to market faster, boost staff productivity, and build stronger customer relationships.
“OroCommerce is committed to building the most flexible digital commerce platform on the market, with out-of-the-box capabilities that are completely customizable for all eCommerce models,” said Yoav Kutner, CEO at Oro Inc. “With a powerful workflow engine and built-in machine learning and analytics, and full integration with OroCRM, OroCommerce is allowing companies to create personalized offers, and campaigns, and deliver a truly customer-centric eCommerce experience.”
What Is OroCommerce Recognized for in 2020?
As part of its inclusion in the 2020 Magic Quadrant for Digital Commerce, OroCommerce has been recognized for various strengths under both ability to execute and completeness of vision categories. These include:
Commerce and CRM
What sets OroCommerce apart from the pack is an in-depth and seamless integration between eCommerce and CRM. This greatly reduces time-to-market, development, and implementation costs, helping businesses scale as time goes on.
Flexibility and robustness
Open-source architecture helps OroCommerce offer some of the most advanced B2B features without sacrificing performance and flexibility. Many Oro’s customers have SKUs that run well into the millions and support thousands of back-end users.
Built for any selling scenario
OroCommerce is one of the few solutions specifically designed for B2B, B2C, B2B2C, D2C, marketplace, headless, and countless other eCommerce needs. Furthermore, many of OroCommerce’s B2B customers also sell through B2C stores out of one platform.
Spans many industries
OroCommerce’s customers belong to diverse industries such as healthcare, transportation, FMCG, construction and industrial supplies, and more. They appreciate Oro’s flexibility and ever-growing ecosystem of integration and technology partners.
OroCommerce was recognized for its ability to support dozens of languages through its back-end US and storefront. With the ability to build multi-brand and multi-store setups out of a single platform, organizations can customize every eCommerce site to specific geographies.
Want to learn more? Join companies across different industries digitally transformed with OroCommerce.
Oro is the company behind OroCommerce and OroCRM and is committed to helping customers worldwide transform their business with digital commerce and CRM. The company has customers on all continents with offices in the United States and Europe.