The global commerce cloud market is experiencing growth due to factors such as the growing proliferation of smartphones, the increase in the growth of e-commerce industries in several countries, and the growing adoption of cloud computing solutions. According to a report by Allied Market Research, the commerce cloud industry generated $19.2 billion in 2022 and is anticipated to generate $138.2 billion by 2032, witnessing a CAGR of 22.2%. Commerce cloud is a cloud-based platform which allows organizations to develop unified, intelligent shopping experience across all domains. Prime determinants of growth include the growing proliferation of smartphones, the increase in the growth of e-commerce industries, and the growing adoption of cloud computing solutions.
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