Gmi Research's blog : Global Commerce Cloud Market By Component and by Geography – Opportunities and Forecast, 2019-2026
Global Commerce Cloud Market
The GMI Research foresees an expansion in the Commerce
Cloud Market over the forecast period. This is because of the sudden
drift of various businesses towards online platforms.
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Commerce Cloud Market Dynamics
Commerce cloud refers to a
cloud-based service which certifies the enterprise to generate an integrated
way companies involve with consumers across multiple devices. The main motive
of commerce cloud is to allow brands and customers offer a seamless service and
experience. The key force supplementing the growth of the global commerce
cloud market includes the augmenting emphasis of organisations to improve
customer experience. The evolving need to maximise the functional
effectiveness will further strengthen the market size. Commerce Cloud offers an
integrated buying experience and various features like extensibility, are
further fuelling the growth of the market. In addition, the growing number of
business switching to online platform and the surging need to handle multiple
storefronts will further impel the market growth. However, dubiousness related
with the usage of Cloud-Based Solutions is restraining the commerce
cloud share.
Regional Drivers
North America is projected to lead the market with the
highest CAGR over the forecast period owing to extensive acquisition of
commerce cloud platform and solution among various enterprises adoption and
invention of novel technologies such as Artificial Intelligence, machine
learning, deep learning to maintain their competitiveness in commerce cloud
market. Additionally, North America has established a nation that allows the
vendor to invest novel technologies. Further, Asia-pacific is projected to
expand at a higher rate during the forecast period owing to the existence of
several small, medium and large enterprises swiftly adopting commerce cloud to extend
their presence in countries like Australia, China, Japan, and India.
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impact of dynamics like share, drivers, size, growth openings, and upcoming
challenges.
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