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In 2023, the commerce cloud market was estimated to be worth USD 11.22 billion. With a predicted CAGR (compound annual growth rate) of 22.30% from 2024 to 2031, the commerce cloud market is expected to expand from $13.58B in 2024 to $63.6745412B in 2031. Key factors driving the market expansion include increased acceptance of Al in all commercial ventures and unified commerce platforms.
The two most notable developments in the industry right now are unified commerce and social media. The commerce cloud industry is anticipated to be mostly driven by the disruption of fifth-generation wireless technology. However, in the near future, this sector is projected to have exceptional opportunities due to the spread of the COVID-19 pandemic. In April 2020, the OLA Mobility Institute (OMI) released a report stating that gig workers were making sure that people in the impacted areas were safe by delivering necessities to their homes. According to the report, local governments and platform firms are working together through social alliances, which are crucial for crisis management. Online glossaries are projected to be chosen by customers, and online delivery is likely to have a significant impact, according to this research. This is expected to increase the adoption of this industry.
Both business-to-consumer and business-to-business transactions can benefit from commerce cloud. Using commerce cloud, a multi-tenant cloud-based platform for commerce, businesses can create smart, cohesive buying experiences across all channels, be it in-store, on social media, or online. With the help of the commerce cloud's many features and tools, companies can automate marketing and sales processes, improve customer communication, and sell their products and services online. Furthermore, it enables retail companies to improve their operational understanding, react to market dynamics, and make better decisions in order to increase growth potential and profitability. Retailers and shoppers alike stand to gain in a number of ways from the proliferation of diverse data types and volumes.
As e-commerce platforms continue to gain popularity and digital transformation accelerates, more and more businesses will turn to commerce cloud solutions and services. To improve customer interactions, provide more tailored recommendations, and increase digital conversion rates, retailers are turning to cloud-based technology. Furthermore, as a result of continuous technical advancements in domains such as cloud computing, machine learning, artificial intelligence (AI), big data analytics, and more, consumers now have greater access to the commerce cloud. During the forecast period, these improved features are anticipated to offer profitable chances for market expansion.
Omnichannel commerce is well-known in the retail industry and involves the integration of several systems to gather customer data, such as POS systems, inventory management software, customer relationship management databases, etc. An improved kind of omnichannel commerce, unified commerce unifies a unified view of a customer's profile across all of a retailer's channels, including online, mobile, and others, in real-time. The full integration of software solutions into one unified e-commerce platform is also necessary for unified commerce solutions. It helps with creating detailed profiles of customers so that sales efforts can be more informed and effective. Additionally, it allows omnichannel sales solutions to consolidate numerous apps, operating systems, and servers. In addition, it facilitates digital commerce services by linking buyers and sellers and establishing a network of interdependent company operations. The market for cloud applications related to commerce is seeing a beneficial impact from this adoption of unified commerce. This element determines the market's CAGR.
Also, there's a growing need for uninterrupted connectivity because smartphones and other linked devices like tablets and laptops are the best way to operate e-commerce apps like online payment processing, online shopping, and more. The advent of 5G wireless technology will expand mobile internet availability. Customers will have a better experience with fast personalized recommendations provided by real-time information streams and high-quality video streaming.
A more secure and automated payment process, made possible by 5G's network virtualization and low latency, might have a favorable impact on the future of cloud commerce platforms. In addition, 5G is expected to enhance the speed and security of digital banking services that are connected to the Internet of Things (IoT), including smart wallets, mobile payments, and others. Based on the information provided, it can be concluded that the adoption of cloud commerce platforms would be driven by 5G wireless networks.
Report Coverage
Global Commerce Cloud research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Commerce Cloud report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Commerce Cloud competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Commerce Cloud market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Commerce Cloud market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Commerce Cloud market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Checkout Apttus Corporation BigCommerce Pty. Ltd commerce tools GmbH Episerver Digital River, Inc. Elastic Path Software Inc Verve Industrial Protection IBM Corporation Kibo Commerce Adobe Incorporated (Magento) Oracle Corporation Salesforce SAP SE Shopify Infosys (SKAVA) Unilog Content Solutions Pvt. Ltd VTEX
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Commerce Cloud market based on the below-mentioned segments:
Global Commerce Cloud Market, By Type
Public Cloud
Private Cloud
Hybrid Cloud
Global Commerce Cloud market, By Application
Fashion and Apparel
Electronics and Appliances
Food and Beverages
Pharmaceutical and Grocery
Others
Global Commerce Cloud Market, By Component
Platform
Service
Global Commerce Cloud market, Regional Analysis
The two most notable developments in the industry right now are unified commerce and social media. The commerce cloud industry is anticipated to be mostly driven by the disruption of fifth-generation wireless technology. However, in the near future, this sector is projected to have exceptional opportunities due to the spread of the COVID-19 pandemic. In April 2020, the OLA Mobility Institute (OMI) released a report stating that gig workers were making sure that people in the impacted areas were safe by delivering necessities to their homes. According to the report, local governments and platform firms are working together through social alliances, which are crucial for crisis management. Online glossaries are projected to be chosen by customers, and online delivery is likely to have a significant impact, according to this research. This is expected to increase the adoption of this industry.
Both business-to-consumer and business-to-business transactions can benefit from commerce cloud. Using commerce cloud, a multi-tenant cloud-based platform for commerce, businesses can create smart, cohesive buying experiences across all channels, be it in-store, on social media, or online. With the help of the commerce cloud's many features and tools, companies can automate marketing and sales processes, improve customer communication, and sell their products and services online. Furthermore, it enables retail companies to improve their operational understanding, react to market dynamics, and make better decisions in order to increase growth potential and profitability. Retailers and shoppers alike stand to gain in a number of ways from the proliferation of diverse data types and volumes.
As e-commerce platforms continue to gain popularity and digital transformation accelerates, more and more businesses will turn to commerce cloud solutions and services. To improve customer interactions, provide more tailored recommendations, and increase digital conversion rates, retailers are turning to cloud-based technology. Furthermore, as a result of continuous technical advancements in domains such as cloud computing, machine learning, artificial intelligence (AI), big data analytics, and more, consumers now have greater access to the commerce cloud. During the forecast period, these improved features are anticipated to offer profitable chances for market expansion.
Omnichannel commerce is well-known in the retail industry and involves the integration of several systems to gather customer data, such as POS systems, inventory management software, customer relationship management databases, etc. An improved kind of omnichannel commerce, unified commerce unifies a unified view of a customer's profile across all of a retailer's channels, including online, mobile, and others, in real-time. The full integration of software solutions into one unified e-commerce platform is also necessary for unified commerce solutions. It helps with creating detailed profiles of customers so that sales efforts can be more informed and effective. Additionally, it allows omnichannel sales solutions to consolidate numerous apps, operating systems, and servers. In addition, it facilitates digital commerce services by linking buyers and sellers and establishing a network of interdependent company operations. The market for cloud applications related to commerce is seeing a beneficial impact from this adoption of unified commerce. This element determines the market's CAGR.
Also, there's a growing need for uninterrupted connectivity because smartphones and other linked devices like tablets and laptops are the best way to operate e-commerce apps like online payment processing, online shopping, and more. The advent of 5G wireless technology will expand mobile internet availability. Customers will have a better experience with fast personalized recommendations provided by real-time information streams and high-quality video streaming.
A more secure and automated payment process, made possible by 5G's network virtualization and low latency, might have a favorable impact on the future of cloud commerce platforms. In addition, 5G is expected to enhance the speed and security of digital banking services that are connected to the Internet of Things (IoT), including smart wallets, mobile payments, and others. Based on the information provided, it can be concluded that the adoption of cloud commerce platforms would be driven by 5G wireless networks.
Report Coverage
Global Commerce Cloud research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Commerce Cloud report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Commerce Cloud competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Commerce Cloud market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Checkout Apttus Corporation BigCommerce Pty. Ltd commerce tools GmbH Episerver Digital River, Inc. Elastic Path Software Inc Verve Industrial Protection IBM Corporation Kibo Commerce Adobe Incorporated (Magento) Oracle Corporation Salesforce SAP SE Shopify Infosys (SKAVA) Unilog Content Solutions Pvt. Ltd VTEX |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Commerce Cloud Market from 2021 to 2031.
- Market Forecast for Commerce Cloud Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Commerce Cloud competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Commerce Cloud
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Commerce Cloud market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Commerce Cloud market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Checkout Apttus Corporation BigCommerce Pty. Ltd commerce tools GmbH Episerver Digital River, Inc. Elastic Path Software Inc Verve Industrial Protection IBM Corporation Kibo Commerce Adobe Incorporated (Magento) Oracle Corporation Salesforce SAP SE Shopify Infosys (SKAVA) Unilog Content Solutions Pvt. Ltd VTEX
Primary Target Market
- Market Players of Commerce Cloud
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Commerce Cloud market based on the below-mentioned segments:
Global Commerce Cloud Market, By Type
Public Cloud
Private Cloud
Hybrid Cloud
Global Commerce Cloud market, By Application
Fashion and Apparel
Electronics and Appliances
Food and Beverages
Pharmaceutical and Grocery
Others
Global Commerce Cloud Market, By Component
Platform
Service
Global Commerce Cloud market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive commerce cloud market market research and competitor analysis for your business to help you develop more profound insights into the commerce cloud market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the commerce cloud market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.