Global Commerce Cloud Market – Industry Trends and Forecast to 2026

  • ICT
  • Upcoming Report
  • Oct 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Commerce Cloud Market By Organization Size (Small and Medium Sized Enterprises (SMEs), Large Enterprises), Component (Platform, Services), Application (Grocery and Pharmaceuticals, Fashion and Apparel, Electronics, Bookstores, and Furniture, Travel and Hospitality, Others), Geography (North America, South America, Asia-Pacific, Europe, MEA)  – Industry Trends and Forecast to 2026

Market Analysis: Global Commerce Cloud Market

The global commerce cloud market is anticipated to register a healthy CAGR of 25.04% during the forecast period of 2019-2026. Increase need to manage the multiple storefronts along with the technological advancements across the industries is supporting the market growth.

Market Definition: Global Commerce Cloud Market

Commerce cloud is the cloud based software as a service e-commerce platform, which enables organisations to enhance their efficiency. Organizations are incorporating various cloud solutions in order to improve performance and reduce operational cost, which is impacting positively on the global commerce cloud market. It offers features such as data-driven commerce insights, product recommendations and generation to one-to-one predictions which enhances the demand of the market.

Market Drivers

  • Rising adoption of commerce cloud solutions is one of the factor boosting the market growth
  • Many companies focus towards the customization of customer experience; this factor also uplifts the market growth Surge in the number of online businesses is expected to upscale the global commerce cloud market growth
  • It assists in managing and previewing the site catalog, promotions merchandising among others in one single view; this will augment the market growth in the forecast period

Market Restraints

  • Uncertainty in using cloud-based solutions will act as a market restraint
  • Security concerns related to cloud can restrict the growth of the market

Segmentation: Global Commerce Cloud Market

By Organization Size

  • Small and Medium Sized Enterprises (SMEs)
  • Large Enterprises

 By Component

  • Platform
  • Services

 By Application

  • Grocery and Pharmaceuticals
  • Fashion and Apparel
  • Electronics, Bookstores, and Furniture
  • Travel and Hospitality
  • Others

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • Italy
    • U.K.
    • Belgium
    • Spain
    • Russia
    • Turkey
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • Middle East & Africa

    • UAE
    • Saudi Arabia
    • Egypt
    • South Africa
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In September 2019, Wirecard, worldwide supplier of internet technology and financial services integrated salesforce commerce cloud where the customer has access to the Wirecard digital financial commerce platform. This will result into optimal payment experience. By using this platform merchants are able to simplify their payment process. This addition of new platform is going to impact positively on the global commerce cloud market

 

  • In October 2019, cloud Commerce Company Kibo Commerce (Kibo) to acquire premier testing and optimization supplier, Monetate which will expand the reach of Kibo’s end-to-end cloud commerce platform providing customers with robust, personalized commerce experience. This latest move by Kibo is expected to create personalized customer experience in the global commerce cloud market

Competitive Analysis:

Global commerce cloud Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of commerce cloud  market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

The global commerce cloud market is majorly dominated by some of the key market participants such as IBM, SAP, Salesforce.com, inc., Apttus Corporation, Episerver, Oracle, Magento, Shopify, BigCommerce Pty. Ltd., Digital River, Inc, Elastic Path Software Inc., VTEX,  commercetools  GmbH, Kibo Commerce, Sitecore, AOE GmbH, OSF Commerce Deloitte, among others

Research Methodology: Global Commerce Cloud Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


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