The report aims to offers a thorough outlook of the Commerce Cloud Market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects. The report aims to deliver a comprehensive understanding of the Commerce Cloud Market growth and expansion in each key region of the world. It offers accurate estimations about the expected market size and growth over the projected timeline
The global commerce cloud market size was USD 12.72 Billion in 2021 and is expected to register a revenue CAGR of 23.6% during the forecast period, according to the latest analysis by Emergen Research. Market revenue growth is primarily driven by factors such as increasing widespread acceptance of cloud computing solutions across sectors. According to a study conducted in 2019, over 94% of organizations utilize cloud in some capacity, with 91% of them using public clouds and 72% using private ones. In addition, majority of firms use both public and private clouds, with 69% choosing hybrid cloud solutions. For example, in June 2020, HCL Technologies collaborated with Google Cloud and integrated HCL Commerce with Google Cloud to support enterprises e-commerce ambitions, Google Cloud, and HCL Commerce, jointly delivering safe and elastic infrastructure. HCL plans to use Anthos to make multi-cloud and hybrid cloud deployments of HCL Commerce possible.
Customer expectations have greatly increased as a result of automobile industry’s widespread adoption of digitalization of the purchase process, which includes everything from vehicles to aftermarket parts and services. Customers increasingly anticipate to be able to connect with digital retail channels when shopping for a car. Dealers are increasingly concentrating on acquiring aftermarket components and add-ons for resale. Given how quickly the automobile business is changing, it is essential to meet clients where they are and accept new style of purchasing.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/1369
As well as new entrants in the Commerce Cloud market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others.
Some major companies in the global market report include IBM, SAP, Salesforce Inc., Voyado Lund AB, Optimizely Inc., Oracle, Adobe, Shopify Inc., BigCommerce Pty Ltd, Digital River Inc., Alibaba Group Holding Limited, HCL Technologies, and others.
Market Scope:
One of the report’s central components is the broad Commerce Cloud market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Reports Highlights:
- The small and medium-sized segment is expected register a significant revenue CAGR throughout the forecast period. Salesforce predicts that Small and Medium-sized Enterprises (SMEs) will increase their investments in technology, particularly in areas such as financial software, security systems, and customer relationship management programs.
- Cloud computing’s adaptive design allow many small and medium-sized enterprises to become economically viable. SMEs do business more rapidly and successfully as a result of being adaptable, fast, and agile. Moreover, cloud computing allows SMEs to reduce costs, both Capex and Opex, particularly with respect to IT resources, power, and energy.
- Furthermore, cloud computing significantly lowers cost associated with purchase and maintenance of physical hardware as infrastructure is owned, managed, and maintained by the service provider.
For further queries, please reach out to our team @ https://www.emergenresearch.com/purchase-enquiry/1369
Emergen Research has segmented the global commerce cloud market based on component, organization size, application, and region:
- Component Outlook (Revenue, USD Billion; 2019-2030)
- Platform
- Business to Business (B2B)
- Business to Customer (B2C)
- Service
- Consulting
- Integration & Deployment
- Support & Maintenance
- Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Large Enterprises
- Small & Medium Enterprises (SMEs)
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Fashion & Apparel
- Electronics, Furniture & Bookstores
- Grocery & Pharmaceuticals
- Automotive
- Travel & Hospitality
- Others
- Platform
Regional Bifurcation of the Commerce Cloud Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request Proceed to Buy of the report @ https://www.emergenresearch.com/select-license/1369
Radical Features of the Commerce Cloud Market Report:
- The report encompasses Commerce Cloud market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Commerce Cloud industry
Thank you for reading the research report. To get more information about the customized report and customization plan, kindly connect to us and we will provide you with the well-suited customized report.
Take a Look at our other Reports:
operational database management market
https://www.emergenresearch.com/industry-report/operational-database-management-market
ai-based clinical trials solution provider market
https://www.emergenresearch.com/industry-report/ai-based-clinical-trials-solution-provider-market
digital phase shifters market
https://www.emergenresearch.com/industry-report/digital-phase-shifters-market
programmable materials market
https://www.emergenresearch.com/industry-report/programmable-materials-market
automotive gesture recognition system market
https://www.emergenresearch.com/industry-report/automotive-gesture-recognition-system-market
spatial augmented reality market
https://www.emergenresearch.com/industry-report/spatial-augmented-reality-market
geosynthetics market
https://www.emergenresearch.com/industry-report/geosynthetics-market
artificial intelligence in military market
https://www.emergenresearch.com/industry-report/artificial-intelligence-in-military-market
meter data management system market
https://www.emergenresearch.com/industry-report/meter-data-management-system-market
About Us:
At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services