Commerce Cloud Market | Leading Segments, Trends, Drivers and Challenges
Market Segments and Growth Analysis 2021-2025
The commerce cloud market is expected to grow by $ 27.33 bn, decelerating at a CAGR of almost 26.41% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Commerce Cloud Market: Leading Segments and Growth Analysis
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented Component (platforms and services) and Geography (North America, Europe, APAC, MEA, and South America).
- In terms of geographic segmentation we found that 33% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Commerce Cloud Market size.
Commerce Cloud Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- A key market driver for the Commerce Cloud Market will be growing social media penetration.
- Need for optimizing operational efficiency is another factor that will be instrumental in driving market growth during the forecast period.
- One of the key challenges that market players need to contend with in order to achieve further success is the Skepticism in using cloud-based solutions.
Commerce Cloud Market: Vendor Analysis
- The market is fragmented.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- Adobe Inc., Alphabet Inc., Apptus Technologies AB, International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, Sitecore Holding II AS, and VTEX eCommerce Platform Ltd. are some of the major market participants.
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market is decelerate at a CAGR of 26.41%.
- What is the incremental growth of the market?
The market is expected to grow by $ 27.33 bn through 2021-2025.
- What is a key factor driving this market?
Growing social media penetration will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, MEA, and South America are the key regions featured in this research report.
- Which is the leading geographic region for this market:
33% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are Adobe Inc., Alphabet Inc., Apptus Technologies AB, International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, Sitecore Holding II AS, and VTEX eCommerce Platform Ltd.
- What are the market segments covered in this report?
The market is segmented by Component (platforms and services) and Geography (North America, Europe, APAC, MEA, and South America)