As per the latest study by Market Research Future Reports (MRFR), the global commerce cloud market is projected to value USD 25.2 billion, with a promising CAGR of 22.7% by the end of 2025. The rapid adoption of commerce cloud across the various enterprises is the major factor driving the global commerce cloud market 2020. There has been an inclination towards e-commerce from the past few years, which is estimated to be a significant factor driving the global commerce cloud market. Besides, there has been a rise in the adoption of AI in carrying out commercial ventures. In addition, there has been a rise in demand for a tool to analyze and collect data pertaining to the consumer’s purchasing preferences, which has propelled the market significantly. Besides, the commerce cloud is not complex and easy to maintain. Hence the demand has been surging. However, the hesitation to adopt the cloud-based technology is anticipated to be a restraining factor.
The research performed by MRFR tracks the aftermath of the COVID-19 pandemic. Furthermore, a precise evaluation of factors augmenting and impeding the market in the post-COVID-19 environment has been analyzed. We will provide COVID-19 impact analysis with the report.
Market Segmentation
- The global commerce cloud market can be segregated on the basis of component, service, enterprise size, application, installation platform, and region.
- Based on components, the global commerce cloud market can be classified into B2B Commerce Cloud and B2C Commerce Cloud.
- Based on service, the global commerce cloud market can be classified into Training and Consulting, Support and Maintenance, and Integration and Deployment.
- Based on enterprise size, the global commerce cloud market can be classified into Large Enterprises and Small and medium enterprises.
- Based on application, the global commerce cloud market can be classified into Electronics, Furniture, and Bookstores, Quick Service Restaurants, Beauty and Cosmetics, Fashion and Apparel, and others.
- Based on the installation platform, the global commerce cloud market can be classified into
- Based on the region, the global commerce cloud market can be classified into North America, Middle East & Africa, Asia-Pacific, Europe, and South America.
Leading Key Players in Commerce Cloud Market are:
- 2Checkout
- Apttus Corporation
- BigCommerce Pty. Ltd
- commercetools GmbH
- Episerver
- Digital River, Inc.
- Elastic Path Software Inc
- Verve Industrial Protection
- IBM Corporation
- Kibo Commerce
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