Asia Pacific Commerce Cloud Market Size & Outlook, 2023-2030
The commerce cloud market in Asia Pacific is expected to reach a projected revenue of US$ 23,283.7 million by 2030. A compound annual growth rate of 25.8% is expected of Asia Pacific commerce cloud market from 2024 to 2030.
Revenue, 2023 (US$M)
$4,671.7
Forecast, 2030 (US$M)
$23,283.7
CAGR, 2024 - 2030
25.8%
Report Coverage
Asia Pacific
Asia Pacific commerce cloud market highlights
- The Asia Pacific commerce cloud market generated a revenue of USD 4,671.7 million in 2023.
- The market is expected to grow at a CAGR of 25.8% from 2024 to 2030.
- In terms of segment, platform was the largest revenue generating type in 2023.
- Platform is the most lucrative type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,671.7 million |
| Market revenue in 2030 | USD 23,283.7 million |
| Growth rate | 25.8% (CAGR from 2024 to 2030) |
| Largest segment | Platform |
| Fastest growing segment | Platform |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Platform |
| Key market players worldwide | Salesforce Inc, International Business Machines Corp, SAP SE, Oracle Corp, BigCommerce, Shopify Inc Registered Shs -A- Subord Vtg, Episerver, Amazon.com Inc, Adobe Inc, Apttus, Alphabet Inc Class A |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.3% of the global commerce cloud market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 23,283.7 million by 2030.
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Commerce Cloud Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Apttus | View profile | 1001-5000 | San Mateo, California, United States, North America | http://apttus.com/ |
| Episerver | View profile | 1001-5000 | Nashua, New Hampshire, United States, North America | http://www.episerver.com |
| BigCommerce | View profile | 1001-5000 | Austin, Texas, United States, North America | http://www.bigcommerce.com |
| Shopify Inc Registered Shs -A- Subord Vtg | View profile | 11600 | 151 O'Connor Street, Ground Floor, Ottawa, ON, Canada, K2P 2L8 | https://www.shopify.com |
| Salesforce Inc | View profile | 72682 | 415 Mission Street, 3rd Floor, Salesforce Tower, San Francisco, CA, United States, 94105 | https://www.salesforce.com |
| Adobe Inc | View profile | 29945 | 345 Park Avenue, San Jose, CA, United States, 95110-2704 | https://www.adobe.com |
| SAP SE | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
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