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 …

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