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The commerce as a service (CaaS) market is likely to witness significant revenue. Advances in many important CaaS ecosystem components would drive market growth. According to Market Research Future (MRFR), the global commerce as a service market is projected to grow to USD 26.4 BN by 2032, registering a 32.50% CAGR throughout the assessment period (2023-2032). The CaaS market was settled at USD 2.1 BN in 2022.
Besides, the increasing use of smartphones, mobile devices, and internet services works favorably for the CaaS market. The growth of ecommerce sectors worldwide and the increase in online shoppers in emerging economies are key market drivers. Moreover, advances in technology escalate the commerce as a service market value.
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Commerce as a Service (CaaS) Market Key Players
Leading CaaS market players are
Vendors strive to serve the demand from clients for data-driven ecommerce & performance services and technology, supporting business sales growth and brand building. Ecommerce companies strategically package their bespoke digital commerce offerings and end-to-end managed services across DTC, retail media, marketplaces, digital-shelf, and content & commerce advisory.
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Commerce as a Service (CaaS) Market – Segments
The CaaS market is segmented into components, solution types, delivery models, deployment types, and regions. The component segment comprises solutions and services. The solution type segment comprises content & site management, product information management, experience management, inventory & order management, payment process management, and multi-site management.
The delivery model segment comprises B2B, B2C, and machine-2-machine commerce. The deployment type segment comprises public, private, and hybrid. Further, the region segment comprises the Americas, Asia-Pacific, Middle East & Africa (MEA), Europe, and the rest of the world.
Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) on Commerce as a Service (CaaS) Market –
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Global CaaS Market – Regional Analysis
APAC dominates the global commerce as a service market, with the increased internet penetration and growth opportunities provided by unexplored markets in the region. Besides, the high implementation of CaaS by small and large businesses and the presence of CaaS providers substantiate the market revenues. Also, the wide adoption of content & site management and product information management solutions to ease commerce management boosts the market size.
Global Commerce as a Service Market – Competitive Analysis
Highly competitive, the CaaS market appears fragmented due to several well-established players. These companies incorporate approaches such as mergers & acquisitions, collaborations, expansion, and technology/product launches, expanding their operations and offerings.
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Industry/ Innovation/ Related News:
Oct. 10, 2023 — Nogin Inc., a leading provider of Commerce-as-a-Service (CaaS) technology and services, announced its exit from the product sales business. Nogin has converted into a CaaS structure, contributing its ecommerce expertise to product sourcing, design, and inventory management expertise for its partners. These transactions will drive favorable impacts to Nogin’s income statement and balance sheet and enable these customer relationships and businesses to grow substantially in the near term.
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