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
Report ID : 379 | Published Date : Aug 2020 | Pages : 180 | Region : Global | Report Code : ICT-36
Cloud E-Commerce Market Introduction & Overview
Cloud e-commerce refers to the process of outsourcing remote networks of servers hosted on the Internet to store & process data and utilize application services. In recent years, cloud computing has gained widespread popularity, primarily due to the low maintenance costs and reduced complexity. It has become the most optimal business solution in the market. Cloud offers e-commerce firms a scalable architecture, by keeping them in-line with the business scenario. Cloud computing has been the primary option for e-tail companies worldwide offering powerful performance.
The cloud e-commerce market is driven by factors, such as easy integration, reduced costs, and quick responses to market opportunities and fluctuations, providing a smooth experience for customers. Cloud computing has helped businesses to increase their earning potential and offer customers access to thousands of stores. Also, it provides a scalable platform that responds quickly to business challenges and opportunities. With cloud computing, on-demand business resources & services are provided that eliminate the need to purchase additional equipment and hire maintenance staff. Amazon Web Services offer SMEs and large enterprises with a flexible, secured, highly scalable, and low-cost e-commerce cloud computing solution for online sales & retailing.
However, skepticism in the utilization of cloud-based solutions is likely to restrain the market growth.
The global cloud e-commerce market can be segmented into type, organization size, application, industry vertical, and region.
Cloud E-Commerce Market By Type
Based on the type, the market can be segmented into B2B and B2C. The B2B segment is expected to hold the largest market share owing to features such as account management, flexible purchase and shipping options, custom catalogs, and complex pricing, among others.
Cloud E-Commerce Market By Organization Size
Based on the organization size, the market can be segmented into small & medium enterprises and large enterprises. The small & medium enterprises segment is expected to grow at the highest CAGR during the forecast period. Cloud e-commerce organizations are providing solutions at affordable prices for small businesses. They have come up with monthly subscription fees for solutions that can suit the budget of small & medium enterprises.
Cloud E-Commerce Market By Industry Vertical
Based on the industry vertical, the market can be segmented into automotive; healthcare; food & beverage; home & electronics; apparel & fashion; and Banking, Financial Services, & Insurance (BFSI). The Fast-Moving Consumer Goods (FMCG) sector is expected to hold the largest market share owing to the frequent purchase of goods by customers, people preferring to buy groceries from the comfort of their homes, and attractive discounts & promotions, among others.
Cloud E-Commerce Market By Region
Based on the region, the market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (ROW). Asia Pacific dominated the global cloud e-commerce market and is expected to grow at the highest CAGR during the forecast period. The increasing adoption of cloud e-commerce solutions and services across different industries and the rapid adoption of cloud e-commerce among small & medium enterprises and large enterprises are likely to boost the growth of the cloud e-commerce market in this region. Also, growing economies in countries, such as India, China, Japan, are further providing huge growth opportunities for the cloud e-commerce market in different industry verticals.
Cloud E-Commerce Market Prominent Players
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.