Elastic Path Strengths, Domain Expertise, and Key Differentiators
Elastic Path's strengths lie in its modular, API-first architecture, enabling seamless integration with various technologies. The platform's Product Experience Manager (PXM) allows for intricate product merchandising, while its Composable Commerce XAâ„¢ offers experience assurance for multi-vendor solutions. Recognized as a Visionary in Gartner's Magic Quadrant for Digital Commerce, Elastic Path continues to set industry standards.
Elastic Path Recent Developments
Elastic Path achieved Amazon Web Services (AWS) Retail Competency status. This designation recognizes that Elastic Path has proven composable commerce technology that helps retailers bring their unique commerce visions to life. Elastic Path Composable Commerce enables retailers to quickly and easily create unique experiences and next-level customer engagements that drive revenue, especially for brands with complex commerce needs. Elastic Path Composable Commerce also de-risks composable commerce through no-code integrations, monitoring, and decreased implementation time – all with a reliable infrastructure that includes 99.999% availability and SOC 2 compliance.
Elastic Path Mergers and Acquisitions (M&A) Activities
Strategic acquisitions have bolstered Elastic Path's capabilities. In April 2023, the company acquired Unstack, a frontend-as-a-service platform. This move enhanced Elastic Path's offerings by providing merchandisers with a high-performance, no-code frontend solution, facilitating rapid deployment of composable solutions and personalized customer experiences.
Elastic Path Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Elastic Path applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Elastic Path and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Elastic Path Commerce customers.
Elastic Path Overview
16th Floor 555 Burrard Street
Vancouver, BC, V7X 1M8, Canada
1 604-408-8078
https://www.elasticpath.com/
Ownership: - x
Number of Employees: 180
Functional Markets: eCommerce,
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Professional Services, Retail, Transportation, Utility,
Elastic Path Key Enterprise and Cloud Applications
Elastic Path Commerce
Elastic Path Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Elastic Path Revenue Breakdown By Type, $M:
Elastic Path Enterprise Applications Revenues By Functional Markets, $M:
Elastic Path Enterprise Applications Revenues By Verticals, $M:
Elastic Path Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Elastic Path Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Elastic Path Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Elastic Path Customers
No. of Elastic Path Customers: 250
No. of Elastic Path Enterprise Applications Customers: 250
No. of Elastic Path Cloud Customers: x
No. of Elastic Path Cloud Subscribers: x
Serving over 250 global brands, Elastic Path's clientele includes industry leaders such as Google, Louis Vuitton, and Garmin. The platform's flexibility caters to diverse sectors, from telecommunications to luxury retail, demonstrating its adaptability and broad market appeal.
Elastic Path Market Opportunities, M&A and Geo Expansions
The global shift towards digitalization presents vast opportunities for Elastic Path. The Asia-Pacific region, projected to reach $3.5 trillion in eCommerce sales by 2025, offers a significant growth avenue. Additionally, the increasing demand for cloud-based solutions and personalized customer experiences aligns with Elastic Path's core offerings.
Elastic Path Risks and Challenges
Despite its strengths, Elastic Path faces challenges. Limited brand recognition compared to competitors like Shopify and Magento can impact market penetration. Furthermore, the complexity of implementing composable solutions may deter smaller businesses lacking technical expertise.
Elastic Path Ecosystem, Partners, Resellers and SI
Elastic Path's robust ecosystem includes partnerships with technology giants like Adobe and Salesforce. Its Technology Partner Program fosters collaboration, enabling the development of Accelerators and Pre-Composed Solutions. This network effect enhances the platform's value proposition, ensuring clients benefit from a comprehensive, integrated commerce solution.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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