VTEX has been named a Challenger in the 2024 Gartner Magic Quadrant for Digital Commerce report, acknowledging its platform's ability to empower enterprise retailers, manufacturers, and distributors. This recognition highlights the company's role in enabling brands to move beyond the limitations of legacy commerce platforms.
The report underscores a trend of increasing migrations from older systems, with transitions to VTEX growing more than five times in the past three years compared to the preceding three-year period. This indicates a strong market demand for VTEX's composable and complete commerce solutions.
A Forrester Consulting study from September 2023 demonstrated that enterprises using VTEX achieved a 133% return on investment, $17.1 million in additional revenue growth, and $5.8 million in savings by migrating from legacy platforms. This quantifiable value proposition supports VTEX's competitive positioning.
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