Commerce Cloud Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Commerce Cloud Market
The commerce cloud market size was valued at USD 12.32 billion in 2019, and the market is now projected to grow from USD 12.32 billion in 2019 to USD 55.67 billion by 2027, exhibiting a CAGR of 20.8% during the forecast period of 2019-2027.
The disruption of 5G wi-fi technology is predicted to power market increase for commerce cloud, at the same time as the COVID-19 pandemic affords unheard of opportunities. Gig workers are making sure safety by supplying home delivery of crucial services and products in affected regions. Social partnerships and collaborations between local governments and platform corporations are important in crisis management.
The increasing call for seamless connectivity in smartphones and other connected devices is riding the adoption of 5G wi-fi technology. This technology will make the net extra handy to all cell devices, imparting real-time statistics feeds and superb video streaming. It may also enable safe and automatic price practices, undoubtedly influencing the adoption of cloud commerce systems. Additionally, 5G might be used in IoT linked applications like smart wallets and mobile bills, enhancing the speed and safety of banking experiences. Thus, 5G wi-fi networks will pressure the commerce cloud market growth.
Social media analytics and social commerce tendencies are gaining traction, with retail sites experiencing a 35% boom in visitors and a 52% surge in orders in 2019. E-trade players need to permit clients to discover and have interaction with services and products on social media structures, integrating structures like Instagram and Facebook with commerce cloud to provide an immersive purchasing revel in. Retailers are also the use of social media analytics to analyze consumer segments, mitigate fraud hazard, and improve targeted advertisements.
Comprehensive Analysis of Commerce Cloud Market
The market is divided into platform and services, with cloud platforms like Commerce Cloud Salesforce, SAP Commerce Cloud, and IBM's multichannel commerce software-as-a-service offering a complete shopping experience through various channels. The demand for cloud-based solutions is growing due to easy and scalable access to information. Market players also offer consulting, integration and deployment services, and support & maintenance services, which are expected to grow significantly in the coming years. The market is divided into various segments, with the fashion and apparel segment holding a major market share, and the travel and hospitality segment witnessing the highest CAGR. Cloud-based solutions enable retailers to address customer demands with omnichannel shopping and delivery experiences, while B2C firms deploy software and digital technologies to optimize retail customer relationship management services across various online channels.
The North America region lead the commerce cloud market share by benefitting a market size of USD 8.35 billion in 2019 due to way of virtual infrastructure, platform adoption, innovation ecosystem, and Internet of Things improvements. Companies in the place use an average of 68 analytics cloud programs, indicating significant investments and infrastructure for cloud-based trade adoption. These elements are predicted to drive market boom within the vicinity.
Key market players like SAP SE, IBM Corporation, and Oracle Corporation are making an investment in superior technologies to introduce new merchandise. Key organizations profiled encompass Aptus Corporation, BigCommerce Pty. Ltd., Digital River, Elastic Path Software, Episerver, IBM, Magento, Oracle, Salesforce.Com, SAP SE, Sitecore, and VTEX.
In December 2019, SAP SE and Minsait, a digital transformation consultancy, partnered to combine Onesait hospitality solutions with the tour accelerator, particularly for the SAP Commerce Cloud solution. This integration permits inn chains to provide new services and products throughout diverse commerce channels.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016 - 2027
Base Year 2019
Forecast Period 2020 - 2027
Historical Period 2016 - 2018
Unit Value (USD billion)
SegmentationBy Component
Platform
Services
By Enterprise Size
Small and Mid-Sized Enterprises (SMEs)
Large Enterprises
By Application
Grocery and Pharmaceuticals
Fashion and Apparel
Travel and Hospitality
Electronics, Furniture, and Bookstore
Others
By End-use
B2B
B2C
By Region
North America (the U.S. and Canada)
Europe (the U.K., Germany, France, Switzerland, and Rest of Europe)
Asia-Pacific (Japan, China, India, Southeast Asia, and Rest of Asia-Pacific)
Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints and Opportunities
- 3.2. Emerging Trends
- 4. Key Insights
- 4.1. Macro and Micro Economic Indicators
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Porter’s Five Forces Analysis
- 5. Global Commerce Cloud Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecasts
- 5.2.1. By Component (Value)
- 5.2.1.1. Platform
- 5.2.1.2. Services
- 5.2.2. By Enterprise size (Value)
- 5.2.2.1. Small and mid-sized Enterprises
- 5.2.2.2. Large Enterprises
- 5.2.3. By Applications (Value)
- 5.2.3.1. Grocery and Pharmaceuticals
- 5.2.3.2. Fashion and Apparel
- 5.2.3.3. Travel and Hospitality
- 5.2.3.4. Electronics, Furniture, and Bookstore
- 5.2.3.5. Others
- 5.2.4. By End-User (Value)
- 5.2.4.1. B2B
- 5.2.4.2. B2C
- 5.2.5. By Geography (Value)
- 5.2.5.1. North America
- 5.2.5.2. Europe
- 5.2.5.3. Asia Pacific
- 5.2.5.4. Middle East and Africa
- 5.2.5.5. Latin America
- 6. North America Commerce Cloud Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecasts
- 6.2.1. By Component (Value)
- 6.2.1.1. Platform
- 6.2.1.2. Services
- 6.2.2. By Enterprise size (Value)
- 6.2.2.1. Small and mid-sized Enterprises
- 6.2.2.2. Large Enterprises
- 6.2.3. By Applications (Value)
- 6.2.3.1. Grocery and Pharmaceuticals
- 6.2.3.2. Fashion and Apparel
- 6.2.3.3. Travel and Hospitality
- 6.2.3.4. Electronics, Furniture, and Bookstore
- 6.2.3.5. Others
- 6.2.4. By End-User (Value)
- 6.2.4.1. B2B
- 6.2.4.2. B2C
- 6.2.5. By Country (Value)
- 6.2.5.1. United States
- 6.2.5.2. Canada
- 7. Europe Commerce Cloud Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecasts
- 7.2.1. By Component (Value)
- 7.2.1.1. Platform
- 7.2.1.2. Services
- 7.2.2. By Enterprise size (Value)
- 7.2.2.1. Small and mid-sized Enterprises
- 7.2.2.2. Large Enterprises
- 7.2.3. By Applications (Value)
- 7.2.3.1. Grocery and Pharmaceuticals
- 7.2.3.2. Fashion and Apparel
- 7.2.3.3. Travel and Hospitality
- 7.2.3.4. Electronics, Furniture, and Bookstore
- 7.2.3.5. Others
- 7.2.4. By End-User (Value)
- 7.2.4.1. B2B
- 7.2.4.2. B2C
- 7.2.5. By Country (Value)
- 7.2.5.1. U.K.
- 7.2.5.2. Germany
- 7.2.5.3. France
- 7.2.5.4. Switzerland
- 7.2.5.5. Rest of Europe
- 8. Asia Pacific Commerce Cloud Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecasts
- 8.2.1. By Component (Value)
- 8.2.1.1. Platform
- 8.2.1.2. Services
- 8.2.2. By Enterprise size (Value)
- 8.2.2.1. Small and mid-sized Enterprises
- 8.2.2.2. Large Enterprises
- 8.2.3. By Applications (Value)
- 8.2.3.1. Grocery and Pharmaceuticals
- 8.2.3.2. Fashion and Apparel
- 8.2.3.3. Travel and Hospitality
- 8.2.3.4. Electronics, Furniture, and Bookstore
- 8.2.3.5. Others
- 8.2.4. By End-User (Value)
- 8.2.4.1. B2B
- 8.2.4.2. B2C
- 8.2.5. By Country (Value)
- 8.2.5.1. China
- 8.2.5.2. Japan
- 8.2.5.3. India
- 8.2.5.4. Southeast Asia
- 8.2.5.5. Rest of Asia Pacific
- 9. Middle East and Africa Commerce Cloud Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecasts
- 9.2.1. By Component (Value)
- 9.2.1.1. Platform
- 9.2.1.2. Services
- 9.2.2. By Enterprise size (Value)
- 9.2.2.1. Small and mid-sized Enterprises
- 9.2.2.2. Large Enterprises
- 9.2.3. By Applications (Value)
- 9.2.3.1. Grocery and Pharmaceuticals
- 9.2.3.2. Fashion and Apparel
- 9.2.3.3. Travel and Hospitality
- 9.2.3.4. Electronics, Furniture, and Bookstore
- 9.2.3.5. Others
- 9.2.4. By End-User (Value)
- 9.2.4.1. B2B
- 9.2.4.2. B2C
- 9.2.5. By Country (Value)
- 9.2.5.1. GCC
- 9.2.5.2. South Africa
- 9.2.5.3. Rest of Middle East and Africa
- 10. Latin America Commerce Cloud Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecasts
- 10.2.1. By Component (Value)
- 10.2.1.1. Platform
- 10.2.1.2. Services
- 10.2.2. By Enterprise size (Value)
- 10.2.2.1. Small and mid-sized Enterprises
- 10.2.2.2. Large Enterprises
- 10.2.3. By Applications (Value)
- 10.2.3.1. Grocery and Pharmaceuticals
- 10.2.3.2. Fashion and Apparel
- 10.2.3.3. Travel and Hospitality
- 10.2.3.4. Electronics, Furniture, and Bookstore
- 10.2.3.5. Others
- 10.2.4. By End-User (Value)
- 10.2.4.1. B2B
- 10.2.4.2. B2C
- 10.2.5. By Country (Value)
- 10.2.5.1. Brazil
- 10.2.5.2. Mexico
- 10.2.5.3. Rest of Latin America
- 11. Competition Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 12. Global Commerce Cloud Market Revenue Share Analysis, 2019
- 13. Company Profile (Provided for 10 Key Players)
- 13.1. Salesforce.com Inc.
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Product Portfolio
- 13.1.4. Financials (Data as available in public domain and/or on paid databases)
- 13.1.5. Recent Developments
- 13.2. IBM Corporation
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Product Portfolio
- 13.2.4. Financials (Data as available in public domain and/or on paid databases)
- 13.2.5. Recent Developments
- 13.3. SAP SE
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Product Portfolio
- 13.3.4. Financials (Data as available in public domain and/or on paid databases)
- 13.3.5. Recent Developments
- 13.4. Oracle
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Product Portfolio
- 13.4.4. Financials (Data as available in public domain and/or on paid databases)
- 13.4.5. Recent Developments
- 13.5. Apttus Corporation
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Product Portfolio
- 13.5.4. Financials (Data as available in public domain and/or on paid databases)
- 13.5.5. Recent Developments
- 13.6. Episerver
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Product Portfolio
- 13.6.4. Financials (Data as available in public domain and/or on paid databases)
- 13.6.5. Recent Developments
- 13.7. BigCommerce Pty. Ltd.
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Product Portfolio
- 13.7.4. Financials (Data as available in public domain and/or on paid databases)
- 13.7.5. Recent Developments
- 13.8. Digital River, Inc.
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Product Portfolio
- 13.8.4. Financials (Data as available in public domain and/or on paid databases)
- 13.8.5. Recent Developments
- 13.9. Magento
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Product Portfolio
- 13.9.4. Financials (Data as available in public domain and/or on paid databases)
- 13.9.5. Recent Developments
- 13.10. Elastic Path Software Inc.
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Product Portfolio
- 13.10.4. Financials (Data as available in public domain and/or on paid databases)
- 13.10.5. Recent Developments
- 13.11. VTEX
- 13.11.1. Overview
- 13.11.2. Description
- 13.11.3. Product Portfolio
- 13.11.4. Financials (Data as available in public domain and/or on paid databases)
- 13.11.5. Recent Developments
- 13.12. Sitecore
- 13.12.1. Overview
- 13.12.2. Description
- 13.12.3. Product Portfolio
- 13.12.4. Financials (Data as available in public domain and/or on paid databases)
- 13.12.5. Recent Developments
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