Commerce Cloud Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The commerce cloud platforms and software are gaining traction on account of rising e-commerce activities across the globe. Customers as well as businesses are rapidly moving online which is creating a favorable landscape for the market players. The robust success of the platform in the developing regions is also boosting the market growth. Moreover, newer features such as product recommendations, generation of one-to-one predictions, and data-driven commerce insights are increasingly gaining traction among the customers.

MARKET SCOPE

The "Global Commerce Cloud Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the commerce cloud market with detailed market segmentation by component, enterprise size, application, and geography. The report provides key statistics on the market status of the leading commerce cloud market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on component, the global commerce cloud market is segmented into platform and services.
  
•   On the basis of enterprise size, the market is segmented into large enterprises and SMEs.
  
•   Based on application, the market is segmented into automotive, electronics, retail, travel, food and beverages,and others.
  

MARKET DYNAMICS
Drivers:

•   The commerce cloud market is anticipated to grow in the forecast period owing to driving factors such as success in the field of e-commerce industry coupled with the improved focus of the organizations towards improving the customer experience. Moreover, the need to optimize operational efficiencies is further likely to augment market growth.
  
•   On the other hand, the growing number of small and medium businesses is likely to open new opportunities for market players.
  

Restraints:

•   Security threats are expected to hamper the growth of the market during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The commerce cloud market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the commerce cloud market in these regions.

IMPACT OF COVID-19 ON COMMERCE CLOUD MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Commerce Cloud Market Report Analysis

Commerce Cloud Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Conga
• commercetools GmbH
• Digital River, Inc.
• IBM
• Kibo Commerce
• Adobe
• Oracle
• Salesforce.com, inc.
• SAP SE

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Component

• Platform
• Services

By Enterprise Size

• Large Enterprises
• SMEs

By Application

• Automotive
• Electronics
• Fashion and Apparel
• Travel
• Food and Beverages

MARKET PLAYERS

The report covers key developments in the commerce cloud market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from commerce cloud market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the commerce cloud market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Conga
  
•   commercetools GmbH
  
•   Digital River, Inc.
  
•   IBM
  
•   Kibo Commerce
  
•   Adobe
  
•   Oracle
  
•   Salesforce.com, inc.
  
•   SAP SE
  
•   Shopify
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Commerce Cloud Market Report Scope