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Global Commerce Cloud Market by Component and by Geography, 2019-2026
Global Commerce Cloud Market by Component and by Geography, 2019-2026
The GMI Research contemplates that the Commerce Cloud Market will perceive an elevating demand over the forecast period. This is because of the mounting implementation of sophisticated technologies such as artificial intelligence and blockchain, ongoing technological modernizations, and effective cloud processing potential.
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Introduction of the Commerce Cloud Market
Commerce Cloud refers to a cloud-based service business to business and business to customer commerce solution which authorizes the enterprise to generate an intelligent and merge buying experience. It assists the enterprise in uniting the way companies employ customers across all channels or devices.
Key Players of Market:
· Apttus Corporation
· Episerver AB
· Oracle Corporation
· Salesforce Inc.
· IBM Corporation
· SAP SE
· Magento
· BigCommerce pty. Ltd.
· Shopify, Inc.
· Digital River, Inc.
Commerce Cloud Market Dynamics
One of the factors stimulating the growth of the global commerce cloud market is the augmenting concentration towards improving customer skills. In addition, the increasing drift of organizations towards online platforms and the growing requirement to enhance functional effectiveness will further strengthen the market size. Furthermore, the commerce cloud offers a federated buying experience with features like dilatability, which further propels market growth. Also, the aggravating entailment to manage several storefronts has paved the way for market growth. On the other hand, the distrust in the implementation of Cloud-Based Solutions will hinder the commerce cloud market share.
Component Segment Drivers
According to the component, the market is classified into platforms and services. The platforms are employed by businesses to provide an intact shopping experience to the customers through different channels such as web, mobile, and social media sites. Furthermore, the amplifying demand for cloud-based solutions is attributed to the convenient and scalable admission to information.
Regional Drivers
As per the geographical coverage, North America is predicted to lead the market over the forecast period. This is because of the extensive acquisition of commerce cloud platforms and solutions by enterprises and ongoing innovation of modernized technologies such as machine learning, artificial intelligence, and deep learning to remain in the competition. Further, Asia-pacific is predicted to witness faster growth over the forecast period. The aggravating adoption by small, medium, and large enterprises to expand their customer base is fuelling the global commerce cloud market opportunities.
Commerce Cloud Market Segmentation:
Segmentation by Component
· Platform
· Services
Segmentation by Organization Size
· Small and Medium-sized Enterprises
· Large Enterprises
Segmentation by Application
· Electronics
· Furniture, and Bookstores
· Grocery and Pharmaceutical
· Automotive
· Fashion and Apparel
· Quick Service Restaurants
· Travel and Hospitality
· Beauty and Cosmetics
Segmentation by Region:
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· RoW
o UAE
o Brazil
o South Africa
o Saudi Arabia
About GMI Research
The organisation is a consulting and market research company with a team of seasoned and expert analysts offering fact-based research to energy, healthcare, FMCG, and healthcare sectors. The research team provides insights and market research reports to help clients comprehend the effect of market dynamics like drivers, size, growth opportunities, share, etc. The information about the industry is accumulated using external and internal databases. Our main emphasis is to impart a step-by-step guidance to our clients through consulting services to assist them making an actionable decision.
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