VTEX ranks 2nd in Gartner® 2023 Critical Capabilities for Digital Commerce for B2C and B2B

VTEX (NYSE: VTEX), the global enterprise digital commerce platform is named a Visionary in the 2023 Gartner Magic Quadrant™ for Digital Commerce for its Ability to Execute and Completeness of Vision. VTEX has also ranked second for the following Use Cases: B2C Digital Commerce (4.14/5), B2C and B2B Digital Commerce on the Same Platform (3.96/5), and Complex Business Models (4.01/5); And it is rated third for the Composable Commerce (4.25/5) Use Case, and fifth for the B2B Digital Commerce (3.85/5) Use Case in the 2023 Gartner Critical Capabilities for Digital Commerce.

“We believe this reflects our ability to support the complex needs of global enterprise organizations through our composable and complete platform. As businesses migrate off their legacy platforms, VTEX’s Pragmatic Composability approach lets them focus on the components of their commerce stack that deliver the most value to their business and reduce complexity and speed time to market by relying on VTEX’s native capabilities,” said Santiago Naranjo, Chief Revenue Officer (CRO) at VTEX.

As Gartner mentioned in the 2023 Gartner Hype Cycle™ for Digital Commerce report, several factors drive the move towards composable commerce, including “the need to adopt a modular approach that provides more flexibility to a digital commerce technology stack by allowing companies to swap out functionality with best-of-breed modules from a different vendor, or a solution that they develop themselves”.

“The main reasons for migrating to VTEX were business and solution agility. We wanted a future proof product in terms of investing in technology. We were looking for a composable, but complete architecture, and we chose VTEX because they are visionaries disrupting the ecommerce and direct to consumer market, bringing in new capabilities at a faster pace. With that, they help us to take advantage of those innovations to our consumers and our consultants,” said Venkat Gopalan, Chief Digital Officer (CDO) & Chief Technology Officer (CTO) at Belcorp, which recently implemented VTEX across six countries and was able to go-live with the global platform in only five months.

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VTEX has succeeded by taking on the complexity of headless and composable commerce by building pragmatic architectures that allow brands and retailers to connect their entire commerce ecosystem, helping them to uncover new revenue streams. In the last twelve months, VTEX has more than twice as many reviews as any other vendor and has an Overall Rating of 4.7 out of 5 and a Willingness to Recommend score of 96%, based on 67 customer reviews in the Digital Commerce Platforms market on Gartner Peer Insights™, as of August 21, 2023.

To read the complete 2023 Gartner Magic Quadrant for Digital Commerce report, and learn more about VTEX’s Strengths an Cautions and why Gartner recognized the global platform as a Visionary, click here. For the 2023 Gartner Critical Capabilities report, visit this link here. For more information about VTEX, its composable and complete commerce capabilities, and its work with some of the world’s largest brands, please visit vtex.com.