A new market study, titled “Global Commerce Cloud MarketResearch Report Size, Status and Forecast 2020-2025” has been featured on Market Research Future.COVID-19 (Coronavirus) has caused volatility in raw material prices in the Global Commerce Cloud Market.
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Learn how COVID-19 has affected supply chains in certain regions of the world and empower your business with resourceful insights on tackling the novel virus.Market ForecastGlobal Commerce Cloud Market is expected to reach USD 25.2 Billion by 2025 at an impressive CAGR of 22.7%.Market SynopsisCommerce Cloud is increasingly being adopted by enterprises across verticals.It offers unparalleled scalability and is ideal for any business offering online services to its customers.Market USPA centralized commerce platform which is excellent for unifying inventory and analyzing customer behavior.Market DriversIncreased AI adoption in all commercial venturesDemand for a centralized buying platform across B2C business verticalsNeed for a tool to collect and analyze data pertaining to customer purchasing habitsEase of maintenance and reduction in installation complexityBusiness requirement for data-driven insightShift from retail to e-commerce for most enterprisesAutomated merchandisingMarket RestraintsSkepticism of cloud-based technologySignificant learning curve for using this technologySegmentationBy ComponentB2B Commerce Cloud: Excellent for understanding B2B needs and analyzing the purchasing patterns of clients.B2C Commerce Cloud: Aids in streamlining checkout and understanding ideal average order value and customer preference.By ServiceTraining and Consulting: Training and consulting services are offered to enterprises to improve their effective use of the solution, meet the specific needs of individual organizations, and produce measurable business results.
The integration and deployment service ensures smooth deployment of the solution for maximized usability.Support and Maintenance: The support and maintenance services include service enhancements, knowledge transfer, 24x7 support, and production support.
The segment is expected to witness the highest growth rate during the forecast period.By Installation PlatformDesktop: The larger market within this segment, the desktop cloud market is expected to keep growing.Mobile: The faster-growing segment, mobile commerce cloud installation is increasing due to the shift in e-commerce from desktops to mobiles.By Enterprise SizeSME: Small and medium enterprises critically benefit from commerce cloud technology due to its analytics capability which helps reduce redundancy and maintain a more profitable inventory.Large Enterprises: Large enterprises benefit greatly by understanding the purchasing habits of all their clients.By ApplicationFashion and Apparel: This segment relies on the purchasing behavior and preferences of customers.
It is especially viable for SMEs.Electronics, Furniture, and Bookstores: Being consumer goods, these businesses have a critical requirement for maintaining a profitable inventory which comes about after analyzing the preferences of their clients.Quick Service Restaurants: Thin profit margins and an emphasis on speed of delivery and consistency of taste makes it critical to reduce checkout times, minimize product range, and promote specialization.