The Global Commerce Cloud Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
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. 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.
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As well as new entrants in the Commerce Cloud market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others.
Some major companies in the global market report include 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, and others.
Market Scope:
One of the reports central components is the broad Commerce Cloud market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Reports Highlights:
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.
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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
Business to Business (B2B)
Business to Customer (B2C)
Service
Consulting
Integration & Deployment
Support & Maintenance
Organization Size Outlook (Revenue, USD Billion; 2019-2030)
Large Enterprises
Small & Medium Enterprises (SMEs)
Application Outlook (Revenue, USD Billion; 2019-2030)
Fashion & Apparel
Electronics, Furniture & Bookstores
Grocery & Pharmaceuticals
Automotive
Travel & Hospitality
Others
Regional Bifurcation of the Commerce Cloud Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Radical Features of the Commerce Cloud Market Report:
The report encompasses Commerce Cloud market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
Supply chain analysis along with technological advancements offered in the report
The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Commerce Cloud industry
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