Global Commerce Cloud Market (SARS-CoV-2, Covid-19 Analysis) During the Forecast Period 2025

Posted September 29, 2020 by Gauri04

Mostly taken up by regional large enterprises, SMEs are increasingly availing commerce cloud technology as well.

A new market study, titled “Global Commerce Cloud Market Research Report Size, Status and Forecast 2020-2025” has been featured on Market Research Future.

COVID-19 (Coronavirus) has caused volatility in raw material prices in the Global Commerce Cloud Market. Gain access to our recently published reports that elaborate in the impact caused by Coronavirus on the Global Commerce Cloud Market to stay abreast with latest market on goings. Learn how COVID-19 has affected supply chains in certain regions of the world and empower your business with resourceful insights on tackling the novel virus.

Market Forecast

Global Commerce Cloud Market is expected to reach USD 25.2 Billion by 2025 at an impressive CAGR of 22.7%.

Market Synopsis

Commerce Cloud is increasingly being adopted by enterprises across verticals.

It offers unparalleled scalability and is ideal for any business offering online services to its customers.

Market USP

A centralized commerce platform which is excellent for unifying inventory and analyzing customer behavior.

Market Drivers

Increased AI adoption in all commercial ventures
Demand for a centralized buying platform across B2C business verticals
Need for a tool to collect and analyze data pertaining to customer purchasing habits
Ease of maintenance and reduction in installation complexity
Business requirement for data-driven insight
Shift from retail to e-commerce for most enterprises
Automated merchandising
Market Restraints

Skepticism of cloud-based technology
Significant learning curve for using this technology

By Component

B2B Commerce Cloud: Excellent for understanding B2B needs and analyzing the purchasing patterns of clients.
B2C Commerce Cloud: Aids in streamlining checkout and understanding ideal average order value and customer preference.
By Service

Training and Consulting: Training and consulting services are offered to enterprises to improve their effective use of the solution, meet the specific needs of individual organizations, and produce measurable business results. The service streamlines the learning process and eliminates the frustrating trial and error phase.
Integration and Deployment: Commerce cloud is primarily employed to form an overarching view of the entire commercial enterprise. The solution needs to be integrated with different facets of an enterprise and provide an easy-to-understand overview of the entire business structure. The integration and deployment service ensures smooth deployment of the solution for maximized usability.
Support and Maintenance: The support and maintenance services include service enhancements, knowledge transfer, 24x7 support, and production support. The segment is expected to witness the highest growth rate during the forecast period.
By Installation Platform

Desktop: The larger market within this segment, the desktop cloud market is expected to keep growing.
Mobile: The faster-growing segment, mobile commerce cloud installation is increasing due to the shift in e-commerce from desktops to mobiles.
By Enterprise Size

SME: Small and medium enterprises critically benefit from commerce cloud technology due to its analytics capability which helps reduce redundancy and maintain a more profitable inventory.
Large Enterprises: Large enterprises benefit greatly by understanding the purchasing habits of all their clients.
By Application

Fashion and Apparel: This segment relies on the purchasing behavior and preferences of customers. It is especially viable for SMEs.
Electronics, Furniture, and Bookstores: Being consumer goods, these businesses have a critical requirement for maintaining a profitable inventory which comes about after analyzing the preferences of their clients.
Quick Service Restaurants: Thin profit margins and an emphasis on speed of delivery and consistency of taste makes it critical to reduce checkout times, minimize product range, and promote specialization. This makes cloud commerce technology critical to this segment.
Grocery and Pharmaceuticals: The key to this segment, especially the SME retail within this segment, is inventory and seamless checkout. Commerce cloud technology facilitates both with ease.
Beauty and Cosmetics: Market trends are important to this segment. Moreover, this segment is increasingly reliant on e-commerce for the sale of its products, thereby making commerce cloud indispensable to its profitable functioning.
Others: Virtually all businesses that have multiple clients and/or sell multiple products can be expected to engage in commerce cloud technology. This segment covers the gaming industry, sports equipment, etc.
By Region

North America: The largest regional market, the adoption of cloud technology is high in North America with the presence of many major players within this market. The commerce cloud market has successfully gained a foothold in all business enterprises within this region.
Europe: Adopted by large enterprises, the European market is growing due to the percolation of this technology to the SMEs operating within the region boosted by an increase in e-tailing.
Asia-Pacific: The fastest-growing market due to strong economic growth in the region, Asia-Pacific businesses are increasingly looking to cloud technology to further enhance their enterprises.
Middle East & Africa: A small market segment, countries like Israel and South Africa within the region are nonetheless increasingly looking to commerce cloud technology to boost their business.
South America: Serving to primarily meet demand within the continent, South American countries are slowly turning to commerce cloud technology to boost profitability. Mostly taken up by regional large enterprises, SMEs are increasingly availing commerce cloud technology as well.
Key Players

Apttus Corporation
BigCommerce Pty. Ltd
commercetools GmbH
Digital River, Inc.
Elastic Path Software Inc
Verve Industrial Protection
IBM Corporation
Kibo Commerce
Adobe Incorporated (Magento)
Oracle Corporation
Infosys (SKAVA)
Unilog Content Solutions Pvt. Ltd
More Information :

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