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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Commerce Cloud Market Outlook
The global commerce cloud market size is anticipated to expand from USD 14.52 billion in 2023 to USD 86.93 billion by 2032, growing at a CAGR of 22% between 2024 and 2032.
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Currently, commerce cloud deployments provide many benefits, including enhanced flexibility and efficiency and decreased time and costs. A growing number of internet companies are anticipated to offer enormous market possibilities. Traditional players are creating fresh products to tap into the emerging markets.
Market Segmentation
Commerce cloud is a cloud-based, multi-tenant trading platform that empowers brands to generate smart, unified purchasing experience across all channels. The commerce cloud industry can be divided based on segments like component, application, and organisation size.
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The industry can be divided based on its components into platforms and services. While the platform segment is further subdivided into the business-to-business and business-to-customer segments, the service segment is subdivided into training and consulting, integration and deployment, and support and maintenance.
The industry can be broadly categorised on the basis of its application into:
- Electronics, Furniture, and Bookstores
- Grocery and Pharmaceutical
- Automotive
- Fashion and Apparel
- Quick Service Restaurants
- Travel and Hospitality
- Beauty and Cosmetics
Further, the industry can be divided on the basis of its organisation size into small and medium-sized businesses and large enterprises.
The EMR report looks into the regional commerce cloud markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The increasing focus of the organisations on optimising customer experience and operational efficiencies are some of the driving factors that are accelerating the commerce cloud market growth. Groceries and pharmaceutical, among other application sectors, is playing an essential role in boosting the growth of the industry. Over the past few years, the online pharmaceutical industry has witnessed a rapid growth and increasing popularity. Commerce cloud solutions provide assistance to the pharmaceutical industry to reach regulatory compliance, handle restrictions on the product, and retain traceability. North America represents the largest share in the commerce cloud market.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global commerce cloud market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Apttus Corporation
- Salesforce, Inc.
- IBM Corporation
- Oracle Corp.
- BigCommerce
- Episerver
- Magento
- Conga
- SAP
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Organization Size |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global commerce cloud market attained a value of nearly USD 14.52 billion.
The market is projected to grow at a CAGR of 22% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 86.93 billion by 2032.
The major drivers of the market include technological advancements and the increasing focus of organisations on optimising the customer experience and operational efficiencies.
The key trends guiding the market include the growing adoption of commerce cloud in the pharmaceuticals sector, the growing awareness regarding the benefits of commerce cloud, and the proliferation of internet companies.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Small and medium-sized businesses and large enterprises are the major organisation sizes of commerce cloud.
The significant components of commerce cloud include platforms and services.
Electronics, furniture, and bookstores, grocery and pharmaceutical, automotive, fashion and apparel, quick service restaurants, travel and hospitality, and beauty and cosmetics are the various applications of commerce cloud.
The key market players are Apttus Corporation, Salesforce, Inc., IBM Corporation, Oracle Corp., BigCommerce , Episerver, Magento, Conga, SAP, Others.
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