Commerce Cloud Market Size [2022-2028]: USD 55.67 Billion by 2028 at CAGR of 20…. – Press Release

Pune, India, May 26, 2022 (GLOBE NEWSWIRE) — The global commerce cloud market size is projected to reach USD 55.67 billion by 2028, exhibiting a stellar CAGR of 20.8% during the forecast period. Rising popularity of unified commerce platforms will emerge as the central driver of growth for this market, states Fortune Business Insights™ in its report, titled “Commerce Cloud Market Size, Share & Industry Analysis, By Component (Platform, and Services), By Enterprise Size (SMEs, and Large Enterprises), By Application (Grocery and Pharmaceuticals, Fashion and Apparel, Travel and Hospitality, Electronics, Furniture and Bookstore, and Others), By End-use (B2B, and B2C), and Regional Forecast, 2020-2027”.

Industry Developments:

  • December 2019: Minsait, an expert in digital transformation, and SAP partnered to integrate SAP’s Commerce Cloud travel accelerator with Minsait’s Onsesait Hospitality Suite. The combined force of the two solutions will empower hotels to serve customers in a superior manner, enabling them to make new products and services visible to customers through social media, mobiles, and websites.
  • March 2019: Episerver, a leader in digital solutions, teamed up with Branding Brand, a mobile engagement platform, to extend store technology support, native app, and performance web app Episerver’s retail customers. The partnership will also enable Branding to deliver deeper personalized experience to its enterprise customers.

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Report Scope:

Report Coverage Details
Forecast Period 2020-2028
Forecast Period 2020 to 2028 CAGR 20.8%
2028 Value Projection USD 55.67 billion
Base Year 2019
Commerce Cloud Market Size in 2019 USD 12.32 billion
Historical Data for 2016-2018
No. of Pages 150
Segments covered By Components; By Enterprise Size; By Application; By End Use and By Region
Commerce Cloud Market Growth Drivers