Commerce Cloud Market Expected to Grow at 27.0 Billion In Revenue by 2024

Commerce Cloud Market 2019 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Commerce Cloud Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The Global Commerce Cloud Market is expected to grow from USD 8.9 Billion in 2019 to USD 27.0 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 24.9% during the forecast period. This report spread across 117 Pages, Profiling 15 Companies and Supported with 55 Tables and 33 figures are now available in this research.

Top Key Players Profiled in the Commerce Cloud Market:
• IBM (US)
• SAP (Germany)
• Sales force (US)
• Apttus (US)
• Episerver (US)
• Oracle (US)
• Magento (US)
• Shopify (Canada)
• Big Commerce (US)
• and Digital River (US)
• Elastic Path (Canada)
• VTEX (Brazil)
• commerce tools (Germany)
• Kibo(US)
• Sitecore (India)

With the increasing adoption of commerce cloud solutions, the demand for supporting services is also growing among end users. Commerce cloud services include training and consulting, integration and deployment, and support and maintenance. Service providers concentrate on delivering dedicated services by understanding customer’s demands and needs.

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The B2B commerce cloud caters to the complex purchasing needs of the B2B customers. It provides B2B customers with enhanced shopping experience by providing specific pricing and catalogs to the buyers under a unified storefront. It provides features, such as Business-to-Consumer (B2C),such as user experience, account hierarchies, complex pricing, custom catalogs, account management, and flexible purchase and shipping options.

Breakdown of primary participants’ profile:
• By Company type: Tier 1 – 32%, Tier 2 – 49%, and Tier 3 – 19%
• By Designation: C-level Executives – 33%, Directors – 22%, and Others – 45%
• By Region: North America–40%, Europe–20%, APAC– 35%, MEA– 3% and Latin America– 2%

Competitive Landscape of Commerce Cloud Market:
1 Overview
2 Competitive Scenario
2.1 New Product/Solution Launches and Product Enhancements
2.2 Business Expansions
2.3 Acquisitions
2.4 Partnerships and Agreements
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.2 Innovators
3.3 Dynamic Differentiators
3.4 Emerging Companies

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Research Coverage:
The market study covers commerce cloud market across segments. The report aims at estimating the commerce cloud market size and future growth potential across different segments, such as component, platform, organization size, application, and region.

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This release was published on openPR.