Global Commerce Cloud Market Size to Reach USD 84.60 Billion in 2030 | Emergen Research
Advancement in technology to help cloud computing solutions is a key factor driving market revenue growth
Vancouver, Sept. 14, 2023 (GLOBE NEWSWIRE) -- The global commerce cloud market size was USD 12.72 Billion in 2021 and is expected to register a revenue CAGR of 23.6% during the forecast period, according to the latest analysis by Emergen Research. Market revenue growth is primarily driven by factors such as increasing widespread acceptance of cloud computing solutions across sectors. According to a study conducted in 2019, over 94% of organizations utilize cloud in some capacity, with 91% of them using public clouds and 72% using private ones.
*Don't Miss Out! Click Here to Access the Sample Report @ **https://www.emergenresearch.com/request-sample/1369*
In addition, majority of firms use both public and private clouds, with 69% choosing hybrid cloud solutions. For example, in June 2020, HCL Technologies collaborated with Google Cloud and integrated HCL Commerce with Google Cloud to support enterprises' e-commerce ambitions, Google Cloud, and HCL Commerce, jointly delivering safe and elastic infrastructure. HCL plans to use Anthos to make multi-cloud and hybrid cloud deployments of HCL Commerce possible.
Customer expectations have greatly increased as a result of automobile industry's widespread adoption of digitalization of the purchase process, which includes everything from vehicles to aftermarket parts and services. Customers increasingly anticipate to be able to connect with digital retail channels when shopping for a car. Dealers are increasingly concentrating on acquiring aftermarket components and add-ons for resale. Given how quickly the automobile business is changing, it is essential to meet clients where they are and accept new style of purchasing. Connecting data between OEM and dealers on top of a flexible, dependable, integrated, and tested commerce platform is also important, which serves as cornerstone of a digital commerce experience. 80% of consumers now spend bulk of their time online while looking for a new car. Furthermore, rising trend of online activities in automobiles creates a high demand for commercial cloud.
*Wisdom Made Affordable: Grab Your Discounted Report @ **https://www.emergenresearch.com/request-discount/1369*
*Scope of Research *
*Report Details* *Outcome*
Market Size in 2021 USD 12.72 Billion
CAGR (2022–2030) 23.6%
Revenue Forecast to 2030 USD 84.60 Billion
Base Year for Estimation 2021
Historical Data 2019–2020
Forecast Period 2022–2030
Quantitative Units Revenue in USD Billion and CAGR in % from 2022 to 2030
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered Component, organization size, application, and region
Regional Scope North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa
Country Scope U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa
Key Companies Profiled IBM, SAP, Salesforce Inc., Voyado Lund AB, Optimizely, Inc., Oracle, Adobe, Shopify Inc., BigCommerce Pty Ltd., Digital River Inc., Alibaba Group Holding Limited, and HCL Technologies
Customization Scope 10 hours of free customization and expert consultation
*Major Companies and Competitive Landscape *
The global commerce cloud market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective commerce cloud. Some major players included in the global commerce cloud market report are:
· IBM
· SAP
· Salesforce Inc.
· Voyado Lund AB
· Optimizely, Inc.
· Oracle
· Adobe
· Shopify Inc.
· BigCommerce Pty Ltd.
· Digital River Inc.
· Alibaba Group Holding Limited
· HCL Technologies
*Strategic Development*
· On 15 September 2022, Marketplacer, based in the U.S. announced that Marketplacer Salesforce Commerce Cloud (SFCC) Cartridge is now available to clients across the world on Salesforce AppExchange. Marketplacer is a global platform that helps companies, merchants, suppliers, communities, and innovators to effortlessly develop and operate successful online markets at scale. Marketplacer SFCC Cartridge aids organizations in putting into practice a curated marketplace or range extension model that provides adaptable business alternatives for third-party selling and supplements current commerce strategies. By 2027, it is expected that curated markets will contribute significantly to retail marketplaces, making up 60% of all eCommerce worldwide. Through a continuous data stream of product information, Marketplacer's SFCC Cartridge enables organizations to synchronize catalogs between Marketplacer and Salesforce commerce cloud, lowering risk associated with transfer of third-party products.
*Direct Order Can Be Placed Through This Link [Exclusive Copy] @ **https://www.emergenresearch.com/select-license/1369*
*Some Key Highlights from the Report*
· The small and medium-sized segment is expected register a significant revenue CAGR throughout the forecast period. Salesforce predicts that Small and Medium-sized Enterprises (SMEs) will increase their investments in technology, particularly in areas such as financial software, security systems, and customer relationship management programs. Cloud computing's adaptive design allow many small and medium-sized enterprises to become economically viable. SMEs do business more rapidly and successfully as a result of being adaptable, fast, and agile. Moreover, cloud computing allows SMEs to reduce costs, both Capex and Opex, particularly with respect to IT resources, power, and energy. Furthermore, cloud computing significantly lowers cost associated with purchase and maintenance of physical hardware as infrastructure is owned, managed, and maintained by the service provider.
· The pharmaceutical e-commerce market witnessed tremendous pandemic-related growth, as seen by statistics from CVS, which showed that the business saw online prescription orders climb by 1,000% during the pandemic's early phases. Pharmaceutical e-commerce can make it simple, effective, and transparent to buy prescription drugs in both B2B and B2C settings. This inevitably result in higher pharmaceutical vendor and manufacturer preparation to keep up with and successfully compete in this rapidly expanding market. For example, Amazon and Alibaba have disclosed large investments in their online pharmaceutical operations during the past year. Through Amazon, the platform of online retailer, patients obtain prescription medications. Alibaba Health promises to provide comparable services and other pertinent technologies for both patients and physicians. Such trends are expected to increase revenue growth of this segment.
· The North America market accounted for largest revenue share in 2021 owing to presence of several industry participants, including IBM, Salesforce, Oracle, and others. To support regional growth, these locally based solution providers are making large investments and advancements in commerce cloud space. In addition, the area is increasing number of strategic alliances and partnerships with other international companies, which will aid regional players in establishing and bolstering their worldwide presence. For example, SAP SE, connected SAP Commerce Cloud Solution travel accelerator with Onesait Hospitality suite from Minsait, a part of Indra and digital transformation consultancy. SAP will be able to help its clients in the hospitality sector, notably hotel chains, to better serve passengers by making new goods and services accessible in a single commerce system across many channels, including mobile, social, and internet. This would result in a significant increase in market revenue for North America.
· On October 2019, Deity Falcon was introduced by BigCommerce in collaboration with Deity, a micro services-oriented platform. For BigCommerce, it has Progressive Web Applications (PWA), which will reduce development costs and time-to-market by creating seamless selling experiences across a range of channels.
*Browse Full Report Description + Research Methodology + Table of Content + Infographics @ **https://www.emergenresearch.com/industry-report/commerce-cloud-market*
*Emergen Research has segmented the **global **commerce cloud market** based on component, organization size, application, and region:*
· *Component Outlook (Revenue, USD Billion; 2019-2030)*
· Platform
1. Business to Business (B2B)
2. Business to Customer (B2C)
· Service
· *Organization Size Outlook (Revenue, USD Billion; 2019-2030)*
· Large Enterprises
· Small & Medium Enterprises (SMEs)
· *Application Outlook (Revenue, USD Billion; 2019-2030)*
· · 1. Consulting
2. Integration & Deployment
3. Support & Maintenance
· · Fashion & Apparel
· Electronics, Furniture & Bookstores
· Grocery & Pharmaceuticals
· Automotive
· Travel & Hospitality
· Others
· *Regional Outlook (Revenue, USD Billion; 2019–2030)*
· North America
1. U.S.
2. Canada
3. Mexico
· Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
· · Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
· · Latin America
1. Brazil
2. Rest of LATAM
· Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa
*Curated Reports You Shouldn't Miss: Dive In Now!*
Radiation Therapy Quality Assurance (QA) Phantoms Market By Technology (Linear Accelerators, Cobalt-60, High-Dose Radiation, Low-Dose Radiation), By Therapy (Photon Beam Radiation Therapy, Advanced 3-D Conformal Radiation Therapy, Image Guided Radiation Therapy, Intensity-modulated radiation therapy, Volumetric Modulated Arc Therapy, Intraoperative Radiotherapy, Neutron Beam Therapy, Brachytherapy), By Application (Prostate Cancer, Breast Cancer, Lung Cancer, Colorectal Cancer, Head and Neck Cancers, Skin Cancer, Other), and By Region Forecast to 2028
Speaker Driver Market By Device Type (Headphones/Earphones, Hearing Aids, Smart Speakers, Mobile Phones/Tablets, Loudspeakers), By Application (Professional/Enterprise, Consumer, Medical, Others), By Size (Below 20 mm, 20–110 mm) and By Region Forecast to 2028
Temperature Monitoring Systems Market By Product (Contact-based Temperature Monitoring Systems, Non-contact-based Temperature Monitoring System), By Technology (Analog and Digital), By Application (Greenhouse, Cold Storage, Hospital Room and Patient Monitoring, Laboratory Temperature, Manufacturing Area, Others), By End-Use (Healthcare and Life Science Facilities, Medical Device Manufacturing Companies, Pharmaceutical and Biotechnology Companies, Chemical and Petrochemical Manufacturers, Energy and Power Generation Companies, Food and Beverage Product Manufacturers, Other), and By Region Forecast to 2028
Soil Testing Equipment Market By Type (Chemical, Physical, Residual), By Site (On-site, Laboratory), By End-use (Construction, Agriculture), and By Region Forecast to 2028
Gaming Console Market Size, Share, Trends, By Platform, By Modality, By Application, By End-use, and By Region Forecast to 2028
Cleaning Robot Market By Product (Window-cleaning Robot, Floor-Cleaning Robot), By Type (Professional, Personal), By Application (Residential, Industrial, Commercial, Healthcare), By Distribution Channel (Offline, Online), and By Region Forecast to 2028
Turntable Market By Type (Belt Drive, Direct Drive, Idler Wheel, DJ), By Cartridges (Moving Magnet, Moving Coil), By Application (Residential, Music Composition, Music Clubs and Bars, Concerts, Others), and By Region Forecast to 2028
*About Emergen Research*
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
*Contact Us:*
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
*Direct Line:* +1 (604) 757-9756
*E-mail:* sales@emergenresearch.com
*Explore Our Japanese Version:* Commerce Cloud Market
*Explore Our Blogs and Insights Section:* https://www.emergenresearch.com/insights
*Read our Press Release @ *https://www.emergenresearch.com/press-release/global-commerce-cloud-market