Global Commerce Cloud Market, By Organization Size (Small and Medium Sized Enterprises (SMEs) and Large Enterprises), Component (Platform and Services), Application (Electronics, Furniture, and Bookstores, Grocery and Pharmaceutical, Automotive, Fashion and Apparel, Quick Service Restaurants, Travel and Hospitality, Beauty and Cosmetics and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Commerce Cloud Market
Surge in the need to manage the multiple storefronts along with the technological advancements across the industries, growing adoption of commerce cloud by small and medium scale enterprises and surge in the proliferation of consumer fashion and apparel goods especially in the developing economies are the major factors attributable to the growth of the commerce cloud market. Data Bridge Market Research analyses that the commerce cloud market will exhibit a CAGR of 22.7% for the forecast period of 2021-2028. Therefore, the commerce cloud market value would stand tall by USD 68.35 billion by 2028.
Commerce cloud is cloud-based software as a service e-commerce platform that helps the enterprises or the organizations to reduce their costs and improve their flexibility and efficiency. Commerce cloud offers data-driven commerce insights that help to improve the demand. In other words, commerce cloud is a multi-occupant platform that enables brands in making insightful purchasing experiencing over all channels.
Rising deployment of technologies and solutions that enhance the performance and reduce the operational costs will emerge as the major market growth driving factor. Surge in the proliferation of e-commerce platforms, number of online business and high speed data connectivity especially in the developing economies will further aggravate the growth of the market. Growing number of small scale businesses and increased focus of the business towards customer satisfaction are some other factors bolstering the growth of the market.
However, lack of skilled workforce and technological expertise in underdeveloped and developing economies will act as a growth restraint for the market. Also, data security and privacy concerns and interoperability issues will yet again hamper the market growth rate. Uncertainty in using cloud-based solutions will also hamper the market growth rate.
This commerce cloud market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on commerce cloud market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Commerce Cloud Market Scope and Market Size
The commerce cloud market is segmented on the basis of organization size, component and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of organization size, the commerce cloud market is segmented into small and medium sized enterprises (SMEs) and large enterprises.
- On the basis of component, the commerce cloud market is segmented into platform and services. Platform segment is sub-segmented into business- to- commerce (B2C) and business- to- business (B2B). Services segment is sub-segmented into training and consulting, integration and deployment and support and maintenance.
- On the basis of application, the commerce cloud market is segmented into electronics, furniture, and bookstores, grocery and pharmaceutical, automotive, fashion and apparel, quick service restaurants, travel and hospitality, beauty and cosmetics and others.
Commerce Cloud Market Country Level Analysis
The commerce cloud market is analysed and market size, volume information is provided by country, organization size, component and application as referenced above.
The countries covered in the commerce cloud market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the commerce cloud market and will continue to flourish its trend of dominance during the forecast period owing to the presence of a large number of players in this region, growing proliferation of digital infrastructure and services and rising technological; advancements in the internet of things technology. Asia-Pacific will however, register the highest CAGR for this period. This is because of the growing investments by the established cloud providers in this region, rising initiatives by the government to promote digitization of the economies and growing number of small scale businesses.
The country section of the commerce cloud market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Commerce Cloud Market Share Analysis
The commerce cloud market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to commerce cloud market.
The major players covered in the commerce cloud report are Salesforce.com, inc., SAP, IBM, Oracle., Optimizely, Inc., Elastic Path Software Inc., Lightwell Inc., BigCommerce Pty. Ltd., Accenture., Apptus Technologies AB, Adobe., Shopify, BigCommerce Pty. Ltd., Digital River, Inc., Elastic Path Software Inc., VTEX, commercetools GmbH, Kibo Commerce, Sitecore and AOE among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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