The size of the global commerce cloud market, which was 12.32 billion USD in 2019, is expected to grow to 55.67 billion USD by 2027, at a CAGR of 20.8%.
The two most important market trends currently being observed are social media and unified commerce. The spread of the COVID-19 pandemic is likely to present this market with previously unheard-of opportunities in the near future, while the disruption of fifth-generation wireless technology is anticipated to drive market growth for the commerce cloud. The OLA Mobility Institute (OMI) report from April 2020 states that gig workers deliver necessary goods and services to homes on behalf of the affected regions' residents, ensuring their safety. According to the report, platform companies and local governments are collaborating and forming social partnerships that are essential to crisis management. This data shows that customers would prefer online glossaries and that online delivery is likely to have a significant impact, which is expected to increase market adoption.
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DEMANDING INDUSTRY PLAYERS
The extensive cloud service offerings from Salesforce.com Inc. include the Salesforce platform, marketing and commerce cloud, sales, and service cloud, and others. The company's solutions allow retailers to streamline the customer experience across all effective channels for online, in-store, mobile, and social commerce. Salesforce Commerce Cloud solutions with AI capabilities integrated deliver a better shopping experience, assist businesses in generating significant customer revenue, boost customer engagement, and develop a loyal customer base. The business plans to increase the scope of its current service offerings.
The companies that follow are a few of the major businesses profiled:
- Apttus Corporation
- BigCommerce Pty. Ltd.
- Digital River, Inc.
- Elastic Path Software, Inc.
- Episerver
- IBM Corporation
- Magento
- Oracle Corporation
- Salesforce.com, Inc.
- SAP SE
- Sitecore
- VTEX
The "Commerce Cloud Market Report 2030" from Fortune Business Insights is an in-depth overview of the market that covers over 60 geographies and provides high-level market segmentation for each one. The market in each geography is examined, along with market size by region and country, in the section on regional and national breakdowns. Additionally, it assesses the market's past and anticipated growth and highlights important trends and corporate expansion tactics.
Click here to learn more about the most recent developments in the Commerce Cloud Market. Commerce Cloud Market Share, Size, Growth and Global Report, 2027
SCOPE AND SEGMENTATION ASSOCIATED WITH THE REPORT
By Component:
- Platform
- Services
By Application:
- Grocery and Pharmaceuticals
- Fashion and Apparel
- Travel and Hospitality
- Electronics, Furniture, and Books
- Others
By Region
- (The United States and Canada)
- Europe (the United Kingdom, Germany, France, Italy, and the rest of the continent)
- Asia-Pacific (including Southeast Asia, China, India, Japan, and the rest of the region)
- Latin America (including Brazil, Mexico, and the remainder of the region)
- South Africa, the Gulf Cooperation Council, and the rest of the Middle East and Africa
The study examines several crucial elements to comprehend the market, such as the most recent market dynamics, growth potential, and development trends, as well as market challenges, development threats, and risk factors. The information is easy to understand thanks to this comprehensive market overview. In addition to offering both short- and long-term market forecasts, the study also provides an analytical stance on the pertinent global market sector.
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What insights does the Commerce Cloud Market report provide to readers?
- Commerce Cloud Market Fragmentation based on Product Type, End User, and Region
- Comprehensive assessment of upstream starting materials, downstream demand, and the present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Commerce Cloud Market player
- The various rules governments have placed on using the Commerce Cloud Market are described in detail.
The inspirations for investing in this report
- The research provides a detailed market overview by defining, describing, and classifying it.
- The study includes the SWOT analysis and business plans of each vendor in the industry.
- The report provides in-depth analyses of current market trends, trend forecasts, and growth drivers.
- The study thoroughly analyzes the business's competitive landscape and significant market strategies.
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