Global Commerce Cloud Market

Commerce Cloud Market Size, Share, Growth Analysis, By Type(Platform, and Services), By Offering(Private Cloud, Public Cloud, and Hybrid Cloud), By Enterprise Size(SMEs, and Large Enterprises), By Vertical(Fashion and Apparel, Electronics and Appliances, Food and Beverages, Pharmaceutical and Grocery), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45B2102 | Region: Global | Published Date: September, 2024
Pages: 197 | Tables: 96 | Figures: 76

Commerce Cloud Market Insights

Commerce Cloud Market size was valued at USD 31.68 Billion in 2023 and is poised to grow from USD 38.27 Billion in 2024 to USD 173.57 Billion by 2032, growing at a CAGR of 20.8% during the forecast period (2025-2032).

The market for commerce cloud is mainly driven by a rising inclination towards e-commerce among businesses of all sizes, particularly in the wake of the COVID-19 pandemic. Cloud-based commerce solutions offer greater scalability, flexibility, and customer engagement, along with a highly personalized shopping experience. An omnichannel retail approach is also in vogue that requires seamless integration with other platforms such as marketplaces. Mobile commerce has made rapid strides in recent years, furthering the demand for commerce cloud. Additionally, companies are increasingly adopting the subscription model for the benefits it offers. 

Artificial Intelligence and Machine Learning help businesses analyze enormous amounts of data about their customers, optimize their prices, and leverage shopping experiences tailored to the needs of any customer. Moreover, the emphasis on digital payments and the increased demand for efficient B2B technologies seem to facilitate the growth of the target market dramatically. This, in turn, creates new avenues for the companies that rely on AI-driven analytics and comprehensive B2B solutions. The market momentum is driven mainly by the surge of omnichannel retailing and consumers growing expectations for hyper-personalized, real-time, and frictionless engagements with some fast penetration of new technologies, including artificial intelligence. 

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FAQs

Commerce Cloud Market size was valued at USD 26.23 billion in 2022 and is poised to grow from USD 31.68 billion in 2023 to USD 143.68 billion by 2031, growing at a CAGR of 20.8% during the forecast period (2024-2031).

Companies are making considerable innovative efforts to broaden their product range to address the ever-changing demands of businesses and customers. They are concentrating on numerous research and development activities on developing advanced features, such as AI-driven personalization and real-time analytics. Additionally, they are basing their work on scalability to contribute to the development of small start-ups and global corporations. Among other innovations, many companies are for multi-lingual and multi-currency support to make it easier both for businesses and customers to join cross-border commerce. Furthermore, they are selecting their applications to correspond to peculiarities and goals of various industries and integrating eco-friendly practices into their services to attract more customers.  'IBM ', 'SAP ', 'Salesforce Commerce Cloud ', 'Adobe Commerce Cloud (Magento) ', 'Shopify ', 'BigCommerce ', 'VTEX ', 'commercetools ', 'Episerver (now part of Optimizely) ', 'Oracle Commerce ', 'Kibo Commerce ', 'Elastic Path ', 'Sitecore Experience Commerce ', 'Digital River ', 'Apttus ', 'Voyado ', 'Optimizely ', 'HCL Technologies ', 'Acumatica ', 'Sana Commerce'

Blockchain is being used in the commerce cloud for safer, more transparent, and efficient transactions, the market looks promising. By adopting a decentralized ledger system, blockchain adds to the trustworthiness of commerce processes, especially in the case of cross-border transactions. Apart from this, the Internet of Things has been adopted in the commerce cloud for a rather interactive and informed shopping experience for the customers.  

Implementation of Unified Commerce Platforms: Omnichannel commerce is commonly used in most retailers. All the information regarding customers is pulled out of a variety of channels using inventory management software, point-of-sale platforms, customer relationship-management platforms, and so on. Unified commerce is gaining more traction among users as it is a more advanced version of omnichannel commerce, which situates a single holistic pane of customer profiles in real-time across the web, mobile, and other retailers’ operations.  

North America is the leading region by demand share in the commerce cloud market in 2023. This market is developing rapidly due to the active implementation of digital transformation strategies and advanced cloud technologies throughout the region. The growth of rapid adoption is facilitated by the shift to e-commerce and omnichannel sales, driven by the goal of high-speed digital transformation to improve customer experience and business processes: the existence of major technology hubs and a highly developed infrastructure favors this tendency. The market is supported by high investment in continued innovation and infrastructure, as well as a high emphasis on customer interaction through digital refinement. The growing need for massive and customer-centric transactions that require agile and scalable solutions is an opportunity.  

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Global Commerce Cloud Market

Report ID: SQMIG45B2102

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