BigCommerce Named a Challenger in 2020 Gartner Magic Quadrant for Digital Commerce Platforms
10 September 2020 - 10:00PM
Business Wire
Open SaaS platform is positioned furthest to
the right on the Completeness of Vision axis in Challengers
quadrant
BigCommerce (Nasdaq: BIGC), a leading open SaaS ecommerce
platform for fast-growing and established brands, today announced
Gartner’s recognition of BigCommerce as a Challenger in the 2020
Gartner Magic Quadrant for Digital Commerce Platforms. BigCommerce
was positioned the furthest to the right on the Completeness of
Vision axis in the Challengers quadrant.
Gartner defines vendors positioned as Challengers as
“Challengers provide commerce functionality that may have a
narrower scope in relation to serving the total addressable market
than that of Leaders. Challengers may focus on fewer industries,
geographies, technology deployment methods or business models.
These vendors are often highly respected. They invest in
technological innovation that is key to their target markets. They
use their R&D resources, access to investment, profits and
market reputation to either grow quickly or attract a new kind of
customer. Challengers often:
- Focus on a perceived high-growth sector of the market.
- Invest heavily in technology to meet the needs of their target
customers.
- Have robust feature sets for the customers they serve.”
“For BigCommerce, recognition as a Challenger in the 2020 Magic
Quadrant for Digital Commerce demonstrates the company’s momentum
over the last 12 months and appropriately positions us as a
disruptor of legacy enterprise platforms,” said Brent Bellm, chief
executive officer at BigCommerce. “Our Open SaaS approach offers
both B2C and B2B merchants the ease-of-use and affordability of
SaaS with the flexibility of an open source solution, a combination
that becomes increasingly more valuable in a world rapidly going
digital."
In the report, which evaluates 15 digital commerce platform
vendors based on their ability to execute and completeness of
vision in order to help application leaders supporting digital
commerce make informed evaluations, Gartner says “buyers of digital
commerce platforms are looking for ways to deliver and support a
unique, compelling and consistent customer experience through these
platforms across all supported channels. While they may pursue this
goal in different ways, they are all seeking more flexible and
nimble implementations and post-implementation extensions that
enable an accelerated time-to-market, reduce the TCO and deliver
desirable digital business outcomes. They also recognize the
importance of a vendor’s ability to attract and develop an
ecosystem of technology and service provider partners that add
value to its digital commerce platform.”
To learn more about how fast-growing B2C and B2B merchants
build, innovate and grow their business with BigCommerce, visit
BigCommerce.com.
1 Gartner, “Magic Quadrant for Digital Commerce,” Mike Lowndes,
et al., 25 August 2020
Gartner Disclaimer Gartner does not endorse any vendor,
product or service depicted in its research publications, and does
not advise technology users to select only those vendors with the
highest ratings or other designation. Gartner research publications
consist of the opinions of Gartner's research organization and
should not be construed as statements of fact. Gartner disclaims
all warranties, expressed or implied, with respect to this
research, including any warranties of merchantability or fitness
for a particular purpose.
About BigCommerce BigCommerce (Nasdaq: BIGC) is a leading
software-as-a-service (SaaS) ecommerce platform that empowers
merchants of all sizes to build, innovate and grow their businesses
online. As a leading open SaaS solution, BigCommerce provides
merchants sophisticated enterprise-grade functionality,
customization and performance with simplicity and ease-of-use. Tens
of thousands of B2B and B2C companies across 120 countries and
numerous industries use BigCommerce to create beautiful, engaging
online stores, including Ben & Jerry’s, Molton Brown, S.C.
Johnson, Skullcandy, Sony, Vodafone and Woolrich. Headquartered in
Austin, BigCommerce has offices in San Francisco, Sydney and
London. For more information, please visit www.bigcommerce.com or
follow us on Twitter, LinkedIn, Instagram and Facebook.
BigCommerce® is a registered trademark of BigCommerce Pty.
Ltd. Third-party trademarks and service marks are the property of
their respective owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200910005108/en/
Chris Marsh chris.marsh@bigcommerce.com
BigCommerce (NASDAQ:BIGC)
Historical Stock Chart
From Apr 2024 to May 2024
BigCommerce (NASDAQ:BIGC)
Historical Stock Chart
From May 2023 to May 2024