Commerce Cloud Market Size to grow by USD 74435.3 million between 2024-2028
According to a research report “ Commerce Cloud Market” by Application (Grocery and pharmaceutical, Electronics/ furniture/ bookstores, Fashion and apparel, Quick service restaurants, Others) Component (Platform, Services) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 74435.3 million, at a CAGR of 32.14% during the forecast period. In today's business landscape, social media platforms have emerged as valuable sources of customer insights for companies. By capturing and analyzing customer data from these platforms, businesses can identify patterns and trends that inform purchasing decisions. The integration of commerce cloud solutions with social media networking platforms offers significant benefits, enabling businesses to gain a competitive edge. Social media generates vast amounts of data daily on customer interests and activities, providing a lucrative opportunity for commerce cloud solutions to help businesses stay informed about popular customer trends..
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By Application, the Grocery and pharmaceutical segment is projected to dominate the market size in 2024
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By Component, Platform segment is expected to hold the largest market size for the year 2024
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North America is forecasted to hold the largest market size by region in 2024
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The Commerce Cloud Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Commerce Cloud market is a dynamic and innovative space where machine learning (ML) and artificial intelligence (AI) technologies are revolutionizing the way enterprises deliver seamless commerce experiences across digital channels. With the integration of ML and AI, customer profiles are enriched, enabling personalized buying experiences. Omnichannel commerce is no longer a dream but a reality, as brands leverage cloud-based commerce platforms like Salesforce Commerce Cloud to offer real-time interactions across web, mobile, social media, and even physical stores. Moreover, blockchain technology adds an extra layer of security, ensuring network and data security for digital banking services, smart wallets, and mobile payments. The e-commerce industry is embracing 5G and cloud computing solutions to provide faster and more reliable services. Operating systems and servers are being optimized to support the growing demands of commerce cloud applications. The future of commerce cloud is bright, with endless possibilities in CX, ML, AI, and more.
Market Research Overview
The Commerce Cloud market has seen a significant surge in businesses shifting to digital platforms, particularly in sectors such as Grocery and Pharmaceuticals, Quick Service Restaurants, Fashion and Apparel, and Large Enterprises, due to the coronavirus pandemic. This shift has led to an increase in online business activities, with statistics showing a rise in online shopping, especially among smartphone users. Commerce Cloud Service providers like Digital River, BigCommerce, and Salesforce Commerce Cloud offer solutions for businesses of all sizes (SMEs and Large Enterprises) to build and manage their online presence. These platforms provide real-time customer profiles, omnichannel commerce, and seamless commerce experiences across Desktop, Laptops, Tablets, and other portable devices. Moreover, advanced technologies like Electronic Data Interchange, Machine Learning (ML), Blockchain, and 5G networks are being integrated into Commerce Cloud Components to enhance the buying experience. ML and AI adoption are also being used to analyze customer behavior and preferences, leading to personalized shopping experiences. Operating systems and Servers are crucial components of Commerce Cloud Solutions, ensuring network security and data security. Cloud computing solutions from providers like Amazon Web Services, Right Scale, Google Cloud, and Salesforce Commerce Cloud offer big data capabilities and digital banking services, including smart wallets and mobile payments. The eCommerce industry is continually evolving, with brands adopting cloud-based commerce platforms like The Stable to provide a positive buying experience for customers in virtual environments. The future of commerce lies in the integration of 5G wireless technology, enabling faster online retailing and online payment processing.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
