Commerce Cloud Market By Region – Global Opportunities and Forecast, 2021-2028

 Commerce Cloud Market

The Commerce Cloud Market is predicted to expand at a rate of 23.8% over the forecast period. The expansion in the e-commerce industry with the increasing espousal of cloud computing solutions across the world will steer the market growth.

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Commerce Cloud Market Dynamics

Growth in the global commerce cloud market is driven by the growing need to optimize operational effectiveness and increasing emphasis of the organization to improve customer experience. Businesses are inclining towards online platform, thus, the need to manage different storefronts has increased the demand of commerce cloud. Commerce cloud offers an integrated experience to users with features like extensibility, which will elevate the market growth. Technological innovations have raised the customer’s expectation and transformed the way customer’s feel about different brands.

With the evolution of coronavirus pandemic, the business landscape has transformed. The remarkable surge in the demand for digitalized business platforms has increased. However, the security concerns such as data and network safety are predicted to restrain the commerce cloud market share.

North America is projected to lead the market and witness a remarkable growth rate during forecast period owing to surging adoption of commerce cloud platform and solution among companies. The ongoing innovation of new technologies like machine learning, AI, deep learning to maintain their competitiveness in the market will strengthen the Commerce Cloud Market size. Additionally, North America has evolved as an economy that allows the vendor to invest new technologies.

Market Segmentation
Commerce Cloud Market by Component

·         Platform

·         Services

Commerce Cloud Market by Organization Size

·         Small and Medium-sized Enterprises

·         Large Enterprises

Commerce Cloud Market by Application

·         Electronics

·         Furniture, and Bookstores

·         Grocery and Pharmaceutical

·         Automotive

·         Fashion and Apparel

·         Quick Service Restaurants

·         Travel and Hospitality

·         Beauty and Cosmetics

Commerce Cloud Market by Region:

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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