Spryker Named Leader in 2024 Gartner Magic Quadrant for e-Commerce

Spryker , the leading global composable e-commerce platform purpose-built for sophisticated B2B transactions, enterprise marketplaces and IoT commerce, has been positioned among the e-commerce visionaries in the 2024 Gartner® Magic Quadrant™ report. This marks the fifth consecutive year that Spryker has been recognized in the Gartner® Magic Quadrant™ for e-commerce, based on specific criteria that examine the parameters of market insight and ability to execute.

“We are incredibly proud to be recognized as a Leader in the Gartner Magic Quadrant for eCommerce. I believe that our status as a market visionary only confirms the mission we have set for ourselves since the beginning: to build a truly composable, extensible, and future-proof platform for global enterprises,” said Boris Lokschin, Co-Founder and CEO of Spryker. “In today’s volatile markets, agility is paramount, and we believe that the ability to adapt quickly will enable companies to turn uncertainty into differentiating strategies. From day one, we have built our platform with complex business models in mind, even at the enterprise code level. I believe this recognition reinforces our commitment to helping companies stay at the forefront of innovation.”

For businesses across all industries, marketplaces have become a critical driver of growth and operational efficiency. A Boston Consulting Group study found that B2B buyers rate the marketplace as superior to others, noting that when shopping online, eight of their top 10 “needs” are better met by marketplaces than traditional e-commerce sites. Spryker’s Enterprise Marketplace functionality enables businesses that are building or growing their own marketplaces to launch, scale quickly, and grow more profitably. Recently, Spryker announced product updates to enhance its Enterprise Marketplace functionality and improve the merchant experience, a relationship critical to marketplace success, as well as the release of a first-of-its-kind marketplace payments solution powered by Stripe Connect.

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“We believe Gartner recognized Spryker as a Leader because of our unwavering commitment to helping businesses innovate and scale rapidly, from day one. For companies developing or evolving their e-commerce strategy, enterprise marketplaces are critical to unlocking new growth opportunities,” said Elena Leonova, Chief Product Officer at Spryker. “By modernizing operations and automating key processes, the Spryker platform makes it easier to connect merchants and buyers, ensuring a more efficient and engaging marketplace experience for all stakeholders.”

Spryker continues to invest in innovative solutions that bring greater speed, scalability and efficiency to its customers, including new AI-powered tools for business users and developers. Debuting at Spryker EXCITE 2024, Spryker’s new generative AI (or “genAI”) tools for developers—Spryker DevQA Assistant, Cypress E2E Assistant and K6 Performance Assistant—are designed to simplify development processes, automate quality assurance and improve performance testing.

By providing the tools and capabilities they need to grow and innovate, Spryker ensures that businesses across all industries are equipped to succeed in a volatile and competitive marketplace. Mark Wever, Global Chief Digital Officer at STAUFF, a leading manufacturer of port-to-port hydraulic and fluid components and solutions and a Spryker customer, says, “By choosing Spryker, we have selected the right technology that not only meets our customers’ current needs, but also future-proofs our digital strategies.”

Spryker continues its global expansion, particularly in North America, supported by a number of recent leadership appointments and project launches in the region. The company recently announced key product innovations to help scale global businesses efficiently, including updates to marketplace capabilities and artificial intelligence features. In addition, Spryker continues to strengthen its global partner ecosystem to accelerate time-to-market and drive operational efficiencies for its customers.

SOURCE: GlobeNewswire