Commerce Cloud Market is projected at USD 7,845 Million in 2018 and is expected to grow at a CAGR of 23.8% during forecast period.

Commerce Cloud is a cloud-based service business to business and business to customer commerce solution which empowers the enterprise to create an intelligent and unified buying experience. It helps the enterprise to unify the way companies engage with customers across all channels or devices. The aim of commerce cloud is to enable customers and brands to provide faultless experience and service.

 

The major factor driving the market growth of commerce cloud are growing focus of organization towards enhancing customer experience and rising need to optimize operational efficiency. In addition, an increasing number of businesses shifting to online and growing need to manage multiple storefronts which increases the demand of commerce cloud during the forecast period. Commerce Cloud provides unified buying experience and features like scalability, are further propelling the commerce cloud market growth. However, skepticism in Using Cloud-Based Solutions is hindering the market growth of commerce cloud during the forecast period.

North America is expected to dominate the market in term of revenue and expected to grow at significant growth rate during forecast period owing to wide adoption of commerce cloud platform and solution among companies and high acceptance and innovation of new technologies like AI, machine learning, deep learning etc in this region to stay in competition in commerce cloud market. Additionally, North America has developed an economy that enables the vendor to invest new technologies. Asia-pacific is expected to substantial growth during the forecast period owing to the presence of small and medium and large enterprises that are rapidly adopting commerce cloud to expand and make a strong customer base and presence of countries like China, Australia, Japan, India, etc. which creates enormous opportunities for commerce cloud solutions.

Various notable players in the Commerce Cloud market include Oracle Corporation, IBM Corporation, Salesforce Inc., SAP SE, Episerver AB, Magento, Shopify, Inc., BigCommerce pty. Ltd., Digital River, Inc., Apttus Corporation and among others. Major players are focussing on product launch, acquisition, collaboration to expand their global reach and become a market competitive.

The Global Commerce Cloud market has been segmented on the basis of Component, Organization Size, application and Geography. Based on the component market is categorized into Platform and Services. Based on the organization size market is segmented into Small and Medium-sized Enterprises and Large Enterprises. Based on the application market is categorized Electronics, Furniture, and Bookstores, Grocery and Pharmaceutical, Automotive, Fashion and Apparel, Quick Service Restaurants, Travel and Hospitality and Beauty and Cosmetics and by geography.

The research report “Global Commerce Cloud Market” provides an in-depth analysis of the global Commerce Cloud market based on component, deployment, vertical and major geographies for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global Commerce Cloud market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:
1- At what pace is the global commerce cloud market growing? What will be a growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global commerce cloud market?
4- What are the various application areas and how they are poised to grow?

Market Segmentation
By Component
• Platform
• Services

By Organization Size
• Small and Medium-sized Enterprises
• Large Enterprises

By Application
• Electronics
• Furniture, and Bookstores
• Grocery and Pharmaceutical
• Automotive
• Fashion and Apparel
• Quick Service Restaurants
• Travel and Hospitality
• Beauty and Cosmetics

By Geography
• North America
As a part of the customization
o By Component
o By Organization Size
o By Application
o US
o Canada

• Europe
As a part of the customization
o By Component
o By Organization Size
o By Application
o UK
o Germany
o France

• APAC
As a part of the customization
o By Component
o By Organization Size
o By Application
o India
o Japan
o Rest of APAC

• ROW
As a part of the customization
o By Component
o By Organization Size
o By Application
o Brazil
o South Africa
o Rest of World

Leading Market Players
• Oracle Corporation
• IBM Corporation
• Salesforce Inc.
• SAP SE
• Episerver AB
• Magento
• Shopify, Inc.
• BigCommerce pty. Ltd.
• Digital River, Inc.
• Apttus Corporation