Product ID: SQMIG45B2102
Report ID:
SQMIG45B2102 |
Region:
Global |
Published Date: February, 2024
Pages:
197
|
Tables:
96 |
Figures:
76
Global Commerce Cloud Market size was valued at USD 21.72 billion in 2021 and is poised to grow from USD 26.23 billion in 2022 to USD 118.96 billion by 2030, growing at a CAGR of 20.8% in the forecast period (2023-2030).
Global commerce cloud market has been on the increase due to the growing e-commerce sector coupled with an increasing use of cloud-based technologies.
They also help businesses improve customer experience online and simplify operational procedures of business as well as boost their sales.
This is partly driven by the move towards digitalization, in which businesses require agile and expandable solutions for ever-changing customer needs.
The momentum in the market is mainly driven by factors such as the surge of omnichannel retailing, consumers’ increasing expectations for personalised, real-time, and seamless engagements, and the penetration of new technologies including artificial intelligence.
Moreover, the competitive environment is ever-changing as well where major participants continuously launch the strong, robust, and functional Commerce cloud products and thus the market can be predicted to have a substantial upswing over the coming period.
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Product ID: SQMIG45B2102