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VTEX Named a Major Player on the IDC MarketScape: Worldwide SaaS and Cloud-Enabled B2C Digital Commerce 2018 Vendor Assessment

Alexandre Soncini
Alexandre
23 Apr 2019
Reading Time: 3 min

It has been announced that VTEX has been named a Major Player on the IDC MarketScape: Worldwide SaaS and Cloud-Enabled B2C Digital Commerce Platforms 2018 Vendor Assessment (doc #US44288618, October 2018).

VTEX Cloud Commerce Platform continues to be an innovator at the global scale. Traditional brands and retailers have evolved immensely and it has become apparent that in regards to unified commerce, the customer experience is the first priority. VTEX firmly understands this, and the company has made it their mission to develop solutions that support these needs inherently. Along with their multi-tenant cloud-based, elastic infrastructure, they have created a number of innovations designed to increase security while reducing stress to make the shopping experience faster, more transparent, and more accessible. Among these are a fully robust, out-of-the-box marketplace capability, a highly-advanced promotions module, a deeply functional distributed OMS, as well as the SmartCheckout™ feature, which is a patent-pending technology which enables a password-free, one-click, single-page checkout experience, shown to increase conversion rates by up to 21%. VTEX’s agile culture and features support the diverse needs of successful unified commerce, enabling the platform to deliver services of an unmatched level.

The VTEX platform is now prominent in over 28 countries, with 2,400+ online stores, featuring a period of just 109 days (on average) projected to go-live, with over 10,000 releases in the last 12 months. VTEX’s efforts include maintaining a dedicated partnership program, with more than 1,000 partners strategically positioned globally including marketplaces, implementation agencies, and payment gateways. As a result of the platform’s cutting-edge infrastructure, as well as its numerous solutions that add to its excellent functioning, VTEX continues to lead in an industry where many companies are providing outdated services.

VTEX attributes much of its continued growth and expansion to its agile core and culture. It is this agile infrastructure that enables the platform to remain so robust and versatile while supporting the needs of thousands of global digital commerce businesses. Understanding that while the individual needs of each company may vary, the underlying principles each online retailer requires are very much homogenous across the board. Fast page loads, fast checkouts, and auto-scaling infrastructure enable the VTEX platform to handle large spikes in traffic without interruption. As a result, more and more retailers across the world are seeing the immense value and capabilities of VTEX in terms of meeting and handling their e-commerce needs.

In regards to being named a Major Player in the IDC MarketScape, VTEX is immensely pleased. Receiving this positioning in the IDC MarketScape 2018 Vendor Assessment is a testament to all the company has strived for, in producing innovative technologies to serve brands and retailers in terms of digital commerce. It is within VTEX’s core principles to develop disruptive technologies that serve as solutions not just for the present time, but for the future of digital commerce as well.

As the platform of choice for 40% of the world’s most valued brands, VTEX is designed to auto-scale to fit the needs of companies of all sizes; from growing digital commerce companies to major enterprises. Among those who rely on VTEX for their e-commerce needs are such brands as Sony, Walmart, L’Óreal, Whirlpool, The North Face, Levi’s, among many others. As far as performance goes, the VTEX platform’s elastic cloud infrastructure and auto-scaling capabilities offer a suite of features that deliver results such as increased traffic, higher numbers of conversions, and faster checkout processes. VTEX has always been at the forefront of the industry, providing solutions and thinking ahead of the current times and this has enabled them to serve their clientele in a unique manner that takes to heart “the big picture” as well as long-term growth.

About IDC MarketScape: IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.