Commerce Cloud Market Report The Commerce Cloud Market booms as businesses increasingly adopt cloud-based e-commerce platforms, driven by the rise of digital retail, & need for scalability. AUSTIN, TX, UNITED STATES, October 22, 2024 / EINPresswire.com / — Market Scope and Overview The Commerce Cloud Market was valued at USD 19.4 billion in 2023 and is expected to grow at a CAGR of 19.2%, reaching USD 94.1 billion by 2032. The rapid adoption of digital retailing and advancements in cloud technology are key growth drivers. The market’s growth is fueled by the increased adoption of e-commerce platforms, which businesses use as tools for digital transformation and omnichannel strategies. Additionally, governments are implementing new rules and regulations to protect consumer data. For instance, the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the U.S. have driven the need for secure and reliable commerce cloud solutions. The rise of mobile commerce, along with the use of personalization and artificial intelligence tools to improve customer experiences and automate business operations, also contributes to market growth. Regulations such as the Federal Risk and Authorization Management Program (FedRAMP) in the U.S. are pushing companies to adopt safer, […]