Commerce Cloud Market 2020 | Overview with Detailed Analysis, Growth Prospect, Competitive Landscape and Forecast to 2027 | Trending Report with Covid 19 Impact

Commerce cloud service is a multi-tenant, cloud-based commerce platform that empowers brands to create intelligent, unified buying experiences across all channels — mobile, social, web, and store. It acts as Software as a Service on e-commerce platforms and enables organizations to improve their efficiency. Commerce cloud services include training & consulting, integration & deployment, and support & maintenance. It enables brands to make insightful, collective purchasing experiencing across smartphones, web, and stores. Through commerce cloud, businesses engage with customers over any channel or device. The major shift toward cloud solutions to enhance performance as well as reduce operational cost is impacting positively on the growth of the commerce cloud market. Moreover, commerce cloud provides features designed to transform how brands connect with their customers at every stage. In addition, it helps to create seamless transaction from one channel to another so that every business is supported across every medium and point of engagement.

Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the business for future challenges in advance.

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The research offers a detailed segmentation of the Commerce Cloud Market. Key segments analyzed in the research include Application Type, End User Type, Geography and more. Extensive analysis of sales, revenue, growth rate, and market share of each Application Type, End User Type for the historic period and the forecast period is offered with the help of tables.

Growth in the e-commerce sector, rise in need to optimize operational efficiency, rise in demand and focus of organizations toward optimized operational efficiency, and high adoption of cloud in small & medium enterprises drive the growth of the market. However, security threats and skepticism in using cloud-based solutions hinder the growth of the market. Furthermore, increase in need to manage multiple storefronts, growth in instances of business shifting online, technological enhancement with artificial intelligence, and machine learning are a few of the lucrative opportunities for the commerce cloud market.

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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

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Companies Covered :

IBM Corp.
Oracle Corp.
SAP SE
Salesforce.com Inc.
BigCommerce Pty Ltd.
Digital River Inc.
Apttus Corp.
Elastic Path Software Inc.
Shopify Inc.
Magneto Inc.

Key benefits of the report:

This study presents the analytical depiction of the market along with current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global commerce cloud market share.

The current market is quantitatively analyzed from 2019 to 2027 to highlight the global commerce cloud market growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the commerce cloud market.

The report provides detailed commerce cloud market analysis based on competitive intensity and how the competition will take shape in coming years.

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