Cloud E-Commerce Market is anticipated to grow at a CAGR of 12.3% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Cloud E-Commerce Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the Global Cloud E-Commerce Market accounted for over ~US$ 5.2 billion in 2019. It is anticipated to grow at a CAGR of 12.3% from 2020 to 2030.
Cloud computing refers to the hosting and delivery of on-demand information and computational services on the Internet via a remote network of servers. The alternative is that data is stored, managed, or analyzed on a local server or a personal computer. Several technology applications that gained traction as installed software are now chosen for ease of utilization and reduced maintenance as cloud applications. Cloud computing allows online enterprises to fulfill their customers’ ever-changing demands. It is no longer restricted to upscaling or downscaling solutions or services.
Factors such as easy integration and low costs propel the cloud e-commerce market. It quickly adapts to business trends and changes offering a seamless experience to consumers. Cloud computing provides a flexible framework, which quickly responds to market challenges and opportunities. Company resources and infrastructure are delivered on-demand in the cloud, removing the need to purchase extra equipment and recruit support staff. Amazon Web Services provide a versatile, efficient, highly scalable, and low-cost cloud infrastructure system for SMEs and large enterprises. Cloud computing has also helped businesses to increase their earning potential and provide thousands of stores for customers to access.
However, skepticism in the utilization of cloud-based solutions during the forecast period will hamper the cloud e-commerce market growth to a certain extent.
Browse key industry insights spread across 180 pages with market data tables & figures & charts from the report, Cloud E-Commerce Market By Type (B2B E-Commerce and B2C E-Commerce), By Organization Size (Small & Medium Enterprises and Large Enterprises), By Application (Shopping Cart Automation, Order Management, Inventory Management, Web-Based Point of Sale, Multi-Channel Retailing, and Supplier Relationship Management), By Industry Vertical (Automotive; Healthcare; Food & Beverage; Home & Electronics; Apparel & Fashion; and Banking, Financial Services, & Insurance (BFSI)) – Global Analysis & Forecast 2020-2030 in detail along with the table of contents:https://www.marketindustryreports.com/cloud-e-commerce-market/379
North America is estimated to account for the largest market share in the cloud e-commerce market owing to the adoption of commerce cloud platforms and solutions. The high acceptance and innovation of new & competitive technologies, such as AI, machine learning, deep learning, in this region will play a key role in driving the market growth. Asia Pacific is estimated to account for the highest CAGR in the cloud e-commerce market during the forecast period owing to factors such as rising economies, increasing adoption of cloud e-commerce solutions & services across different industries, and the presence of small & medium enterprises and large enterprises that are rapidly adopting e-commerce cloud, among others.
Some of the key players operating in the cloud e-commerce market include SAP SE, Magento, Alibaba Cloud, Huawei Technologies Co., Ltd., TIMBERGROVE SOLUTIONS, LLC, Qualcomm Technologies, Inc., Microsoft, AMAZON WEB SERVICES, INC., and others.
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