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Commerce Cloud Market Poised to Hit $59.97 Billion by 2029 with Accelerating Growth Trends
Commerce Cloud
Commerce Cloud Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the commerce cloud market has seen a quick expansion in recent years. It is forecasted to increase from $25.75 billion in 2024 to $30.43 billion in 2025, with a compound annual growth rate (CAGR) of 18.2%. Factors contributing to the growth during the historic period include a rise in e-commerce adoption, a growing call for cloud-based solutions, an increase in using social media for marketing purposes, a surge in demand for tailored customer experiences, and a greater use of big data analytics.
Commerce Cloud Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for a quick expansion of the commerce cloud market in the coming years. It's predicted to reach $59.97 billion by 2029, boasting a compound annual growth rate (CAGR) of 18.5%. Factors contributing to this growth within the forecasted timeframe include the wider adoption of artificial intelligence and machine learning, a rising interest in utilizing augmented reality and virtual reality within e-commerce, an increased commitment to using blockchain technology for more secure transactions, a growing preference for subscription-based models, and an escalating demand for green commerce. Key trends expected within this period encompass the emergence of headless commerce, a rising interest in microservices architecture, the growing utilization of progressive web apps, the advent of unified commerce platforms, and an increased demand for hyper-personalized offerings.
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What Are the Drivers Transforming the Commerce Cloud Market?
The continued expansion of e-commerce industries is foreseen to drive the progression of the commerce cloud market. E-commerce, the act of purchasing and selling goods and services via the internet, is rapidly advancing due to growing consumer need for convenience, accessibility, and efficiency in transactions. This surge in e-commerce has a significant influence on the proliferation of commerce cloud solutions. Businesses are increasingly shifting towards online retail to meet evolving consumer preferences, thus generating a corresponding need for a robust digital interface to effectively facilitate these transactions. For instance, the United States Census Bureau, a government bureau in the US, noted in November 2023 that the projection for e-commerce in the second quarter of 2023 had risen by 7.5% (or 1.4%) from its status in the second quarter of 2022, while general retail sales only increased by 0.6% (or 0.4%). In the second quarter of 2023, 15.4% of total sales came from online outlets. Therefore, the dominantly advancing e-commerce sectors in multiple nations are significantly pushing the development of the commerce cloud market.
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What Long-Term Trends Will Define the Future of the Commerce Cloud Market?
Leading enterprises in the commerce cloud market are introducing cutting-edge technologies like Einstein GPT to stimulate marketplace demand. Einstein GPT leverages a model network supplied by foremost AI generative providers and Salesforce's internal AI research. For example, Salesforce Inc., an American software firm, unveiled Einstein GPT in March 2023. This novel AI tool is crafted to aid clients in automating and personalizing suggestions within Commerce Cloud. It is versatile, useful for training, gaining insights, and analyzing data, and it can be combined with various Salesforce applications. It is functional across multiple Salesforce platforms such as the marketing cloud, sales cloud, and commerce cloud. Plus, it integrates effortlessly with Salesforce's CRM system, bringing together remarkable features and sophisticated AI abilities.
Which Segments in the Commerce Cloud Market Offer the Most Profit Potential?
The commerce cloudmarket covered in this report is segmented -
1) By Type: Commerce Cloud Platforms, Commerce Cloud Services
2) By Platform: Business To Business Commerce, Business To Customer Commerce
3) By Service: Training And Consulting, Integration And Deployment, Support And Maintenance
4) By End User: Fashion And Apparel, Pharmaceutical And Grocery, Electronics And Appliances, Food And Beverage
Subsegments:
1) By Commerce Cloud Platforms: B2B Commerce Platforms, B2C Commerce Platforms, Marketplace Solutions, Headless Commerce Solutions
2) By Commerce Cloud Services: Implementation Services, Integration Services, Hosting And Infrastructure Services, Analytics And Reporting Services
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Which Firms Dominate the Commerce Cloud Market by Market Share and Revenue in 2025?
Major companies operating in the commerce cloud market are Google LLC, Alibaba Group Holding Limited, Amazon Web Services, IBM Coporation, Oracle Corporation, SAP SE, Salesforce.com Inc., Adobe, HCL Technologies, Shopify Inc., Magento (Adobe) Inc., Episerver, Sitecore, Digital River Inc., BigCommerce Pty Ltd., Optimizely Inc., VTEX, Commercetools, Apttus Corporation, Kibo Commerce, Lightwell Inc, Voyado Lund AB, Elastic Path, Shopgate, Squareup eCommerce, TradeGecko.
Which Regions Offer the Highest Growth Potential in the Commerce Cloud Market?
North America was the largest region in the commerce cloud market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commerce cloud market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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