Commerce Cloud Market Company Profiles, COVID – 19 Outbreak, Regional Study, Emerging Technologies, Business Trends, Industry Profit Growth, Landscape and Demand

Commerce Cloud Market Synopsis:

The Global Commerce Cloud Market is expected to grow at a CAGR of 22.7% during the forecast period and cross USD 25.2 Billion by 2025.

Increased adoption of cloud commerce, especially by businesses invested in e-commerce.

Major Key Players:

• 2Checkout
• Apttus Corporation
• BigCommerce Pty. Ltd
• commercetools GmbH
• Episerver
• Digital River, Inc.
• Elastic Path Software Inc
• Verve Industrial Protection
• IBM Corporation
• Kibo Commerce
• Adobe Incorporated (Magento)
• Oracle Corporation
• Salesforce
• SAP SE
• Shopify
• Infosys (SKAVA)

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Segmentation:

By Component:

Commerce clouds offer a specialized view for B2B as well as B2C businesses. Between the two, the B2C segment is larger due to the sheer scale of services offered and the need to understand and analyze data pertinent to an enterprise. B2B commerce cloud focuses on analyzing the economic relationship between two businesses in the long term, with special emphasis on logical planning. The B2C commerce cloud focuses on understanding consumer behavior with an emphasis on the products and services offered. This model keeps updating in the short term and basis itself on the emotional understanding of consumers keeping in mind short buying cycles. Considering the 1.7 billion online shoppers in 2017 and the increasingly competitive nature of e-commerce, a B2B model is crucial in gaining an understanding of consumer behavior and the concurrent inventory and transaction management that must go with it. In India alone, logistics costs stand at 14% of GDP, a very large amount when compared to other economies due to the fragmented nature of the logistics sector. Employing commerce cloud can help reduce this number drastically.

By Service:

The service segment is expected to grow as cloud commerce evolves and collates increasing amounts of data. The services offered by cloud commerce are broadly divided into training and consulting, integration and deployment, and support and maintenance. Training and consulting services are offered to enterprises for proper and efficient use of the software and to streamline the overall business process.

Commerce cloud is primarily employed to form an overarching view of the entire commercial enterprise. The solution needs to be integrated with different facets of an enterprise for an overview of the entire business structure. The integration and deployment service ensures smooth deployment for maximized usability. Integration and deployment services are necessary to run various software systems in sync with each other and enable knowledge transfer among them. The support and maintenance service segment is expected to grow at the highest CAGR. The service suite includes service enhancements, knowledge transfer, 24×7 support, and production support.

By Installation Platform:

Commerce clouds are integrated over multiple platforms. The larger segment is the desktop segment with the mobile segment registering the higher CAGR. Mobile phones are fast becoming as proficient as desktops for the purposes of data collation and analysis. Desktops, though, are utilized exclusively for business purposes, making them more specialized and thus able to handle larger volumes of data and carry out in-depth analysis.

By Enterprise Size:

Commerce cloud finds applicability across enterprises of all sizes. Its highly scalable nature along with the flexibility inherent to it ensures that it can facilitate unique solutions for all enterprises.

By Application:

The applicability of cloud commerce is vital across all business verticals. Fashion and apparel are B2C enterprises and must understand consumer behavior to better their inventory and maximize sales. Cloud commerce is critical for this industry, especially for the SMEs operating within it, due to the intense competition at that level.  Electronics, books, and furniture are all consumer-driven goods which will benefit tremendously from cloud commerce’s ability to understand consumer behavior as well as the requirements of the market. Quick service restaurants have slim profit margins and can only be sustainable business models after specializing the products offered. This is facilitated easily by commerce cloud applications that offer a unique solution to each of these businesses. Grocery and pharmaceuticals is another segment that must prioritize inventory management and seamless transactions to retain customer base. It is easy for relevant data to be collated and analyzed if these businesses utilize cloud commerce. Beauty products and cosmetics are perhaps the most reliant on consumer behavior and must employ commerce cloud in order to maximize profitability and anticipate consumer demand. The global cloud commerce market is being driven due to the excellent results employing this service has on businesses.

Table of Contents

1 Executive Summary

1.1 Market Attractiveness Analysis

1.2 Global Commerce Cloud Market, By Component

1.3 Global Commerce Cloud Market, By Installation Mode

1.4 Global Commerce Cloud Market, By Organization Size

1.4 Global Commerce Cloud Market, By Application

1.5 Commerce Cloud Market, By Region

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.3 Market Structure

Continued…..

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List of Tables

Table 1 Global Commerce Cloud Market, By Region, 2019–2025

Table 2 North America: Commerce Cloud Market, By Country, 2019–2025

Table 3 Europe: Commerce Cloud Market, By Country, 2019–2025

Table 4 Asia-Pacific: Commerce Cloud Market, By Country, 2019–2025

Table 5 Middle East & Africa: Commerce Cloud Market, By Country, 2019–2025

Continued….

List of Figures

Figure 1 Global Commerce Cloud Market Segmentation

Figure 2 Forecast Methodology

Figure 3 Porter’s Five Forces Analysis of The Global Commerce Cloud Market

Figure 4 Value Chain of The Global Commerce Cloud Market

Figure 5 Share of The Global Commerce Cloud Market, By Country, 2018 (In %)

Continued….

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