Market Share of Commerce Cloud Industry
The competitive landscape of the Commerce Cloud market is moderately fragmented owing to the presence of several major players, such as Salesforce, IBM, SAP, Oracle, Amazon Web Services, Google, Adobe, and many others, and the emergence of several small and medium-sized businesses. The market players view expansion as a lucrative path to expand their global presence and attract maximum market share. They are, therefore, making strategic partnerships and collaborations with retailers worldwide. Also, the solution providers are investing significantly to innovate their solutions, which will help them further increase their market presence.
Accenture bought The Stable, a commerce agency that helps consumer brands build and run their own digital commerce channels and manage their brand and sales performance at major North American retailers, in August 2022. This added to Accenture's ongoing investments in commerce, which help clients grow faster and stay relevant.
Commerce Cloud Market Leaders
Lightwell Inc. (IBM Corporation)
Salesforce.com, Inc.
SAP SE (maihiro GmbH)
Oracle Corporation
BigCommerce Pty. Ltd.
*Disclaimer: Major Players sorted in no particular order
