VTEX is also recognized as a Visionary in the 2023 Gartner Magic Quadrant for Digital Commerce based on its Ability to Execute and Completeness of Vision

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.

“I am proud to see the disruption VTEX is causing globally,” said Mariano Gomide de Faria, founder, and co-CEO of VTEX. “The pragmatic composability aspect of VTEX allows enterprises to go fast and choose the best components for their business in a more cost-effective way. Forward-thinking CIOs are migrating off their legacy platforms to VTEX to give their business the flexibility it needs and to reduce commerce platform total cost of ownership (TCO).”

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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,” 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. 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.”

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.

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