Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

United States Commerce Cloud Platform & Services Markets, Competition, Forecast and Opportunities, 2023-2024 & 2028

Published

on

<!– Name:DistributionId Value:8832878 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:2790 –> <!– Name:CustomerId Value:1026737 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:a031b39d-58bd-4df5-b3df-0d462bd30436 –>

Dublin, May 05, 2023 (GLOBE NEWSWIRE) — The “United States Commerce Cloud Market by Component (Platform, Services), By Enterprise Size (Small and mid-sized Enterprises, Large Enterprises), By Applications, By End User, By Region, Competition Forecast and Opportunities, 2028” report has been added to ResearchAndMarkets.com’s offering.

United States Commerce Cloud Market is anticipated to grow at a steady CAGR in the forecast period, 2024-2028

The term “commercial cloud” refers to cloud computing systems created with no sector in mind and just for legitimate clients. With the help of this cloud-based platform, marketers can create seamless shopping and commerce experiences across various digital platforms, including mobile, online, social media, and others.

Businesses may ensure improved customer experiences for their connected customers by utilizing the commerce cloud. There will be considerable demand for commerce cloud solutions due to the growth of eCommerce businesses across the entire nation. Significant providers of cloud-based commerce solutions, like Salesforce, Oracle, SAP, Microsoft, and others, are also based in this country. It significantly accelerates the expansion of commerce cloud installations in the US.

Fifth-generation wireless networks will accelerate the adoption of commerce cloud platforms.

There is a growing need for seamless connection since smartphones and other connected devices, such as tablets and laptops, have become the most effective way to operate apps like payments, online shopping, and other e-commerce activities. All mobile devices will have easier access to the internet thanks to 5G wireless technology. It offers immediate, individualized recommendations, real-time information feeds, and high-quality video streaming that will improve the client experience.

The adoption of commerce cloud platforms in the upcoming years would be favorably impacted by 5 G’s low latency and network virtualization capabilities, which are anticipated to allow secure and automated payment methods. Additionally, 5G is anticipated to be used by Internet of Things (IoT)-connected apps for a quicker and safer banking experience. Examples of these applications include smart wallets, mobile payments, and other digital banking services. The elements, therefore, demonstrate how 5G wireless networks would promote the use of commerce cloud systems.

Providing new solutions in the fields of software development and testing, cloud architecture, embedded software development, machine learning, AI, and data analytics, quickens the pace of digital innovation projects and encourages its clients’ digital transformation. Such internet penetration drives the need for commerce cloud markets all over the United States.

Commerce Cloud is driven by cutting-edge technologies like blockchain and artificial intelligence (AI).

The market for Commerce Cloud is expanding as disruptive technologies like blockchain, artificial intelligence (AI, the Internet of Things (IoT), and big data are transforming the landscape of online commerce. These technologies are used, among other things, to improve data collection, lower transaction costs, and better target marketing. These technologies are utilized in the e-commerce operations of several online retail companies and are boosting the market for the US Commerce Cloud between 2024 and 2028.

Expanding Use of Unified Commerce Platforms to Promote Market Growth

Most merchants are aware of omnichannel commerce, which involves gathering consumer data from various sources, including inventory management software, point-of-sale systems, customer relationship management systems, and others. Unified commerce is an improved kind of omnichannel commerce that unifies consumer profiles across the web, mobile devices, and other businesses’ operations into a single, complete interface in real-time.

Additionally, end-to-end software integration inside a single e-commerce platform is necessary for unified commerce solutions. It offers detailed client profiles to support more intelligent and practical sales strategies. Additionally, it enables omnichannel sales solutions to consolidate many servers, operating systems, and other applications.

Additionally, it eliminates the distance between consumers and merchants and builds a network of interconnected corporate operations to support digital commerce services. The market’s commerce cloud applications are benefiting from unified commerce deployment.

Lack of cyber laws and privacy and security issues are limiting market expansion.

One of the most crucial components of cloud-based commerce systems is cybersecurity. A nation must enact standard cybersecurity rules to protect internet enterprises and private property rights.

However, the absence of cyber legislation is expected to limit industry expansion. To strengthen commercial ties, it is crucial to safeguard the privacy and information of consumers and merchants safely. Lack of security and privacy is still a rising problem for organizations. This makes it a significant market restraint.

Recent Developments

The industry-leading technologies from Salesforce’s Service Cloud and Field Service were combined with Honeywell Forge in July 2022 to create a seamless service management process that will enable Honeywell’s employees to adjust to changing business dynamics.

Market Dynamics

Drivers

  • Expanding Use of Unified Commerce Platforms to Promote Market Growth
  • Fifth-generation wireless networks will accelerate the adoption of commerce cloud platforms.
  • United States market growth will be accelerated by strong ICT infrastructure.

Challenges

  • Lack of cyber laws and privacy and security issues are limiting sales growth.
  • Lack of knowledge about the platform’s functionality in its entirety

Market Trends & Developments

  • Influence of social media
  • Quarterly Applications
  • Strong Connectivity Network

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States Commerce Cloud Market.

  • Salesforce, Inc
  • Oracle Corporation.
  • Amazon Web Services Inc
  • International Business Machines Corporation
  • BigCommerce Inc
  • Wix.com Inc
  • Optimizely Inc
  • Sitecore USA Inc.
  • SAP America Inc
  • Magento (Now Adobe Commerce)

Report Scope:

United States Commerce Cloud Market, By Component:

  • Platform
  • Services

United States Commerce Cloud Market, By Enterprise Size:

  • Small and mid-sized Enterprises
  • Large Enterprises

United States Commerce Cloud Market, By Applications:

  • Grocery and Pharmaceuticals
  • Fashion and Apparel
  • Travel and Hospitality
  • Electronics, Furniture, and Bookstore
  • Others (Cosmetics, Restaurant Services, etc)

United States Commerce Cloud Market, By End-user

United States Commerce Cloud Market, By Region:

  • North-East
  • South
  • West
  • Mid-West

For more information about this report visit https://www.researchandmarkets.com/r/nhjiuu

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

First Comprehensive Report on Public Web Data Released by Bright Data

Published

on

first-comprehensive-report-on-public-web-data-released-by-bright-data

Reveals necessity in every industry
NEW YORK, April 23, 2024 /PRNewswire/ — Released today, The State of Public Web Data Report 2024, details a comprehensive analysis on how organizations leverage public web data to drive innovation, enhance customer experience, and develop AI models.

Bright Data commissioned an independent third-party to carry out the first survey of this kind which details the emergence of public web data as the most valued data type. Nearly every organization surveyed uses and benefits from public web data through quicker decision-making, boosting revenue, and meeting customer needs.
The need for public web data in AI is clear in all industries, with more than half of respondents using public web data to build AI models for customer service or to meet internal needs such as fraud detection and risk assessment.
Although necessary to build AI machines, 72% of respondents are worried that public web data will no longer be accessible in the next 5 years. The lack of a legal framework to protect this data emerged as a top concern.
Other key insights from the report:
89% of respondents recognize public web data is crucial or very important to the global economy.82% of respondents say public web data is critical to the future of their organization.79% of respondents agree that large organizations and or big tech hide too much of their public web data.88% of respondents believe public web data is critical for the development of AI models.”Our findings reveal a clear consensus among industry leaders: leveraging public web data is key to unlocking growth and fostering innovation,” said Or Lenchner, CEO of Bright Data. “Public web data is not a ‘like to have,’ it’s a ‘must have’ to conduct business and maintain a competitive market. We understand from our own experience with 20,000 customers that once a business realizes the potential of public web data they will look to discover new ways to leverage this tool to lead against the competition.”
About Bright Data: Bright Data is the #1 web data platform. Fortune 500 companies, academic institutions, non-profits, and small businesses rely on Bright Data’s solutions to collect public web data in the most efficient, reliable, and flexible way to make faster, more informed business-critical decisions.
Contacts:[email protected]
Logo – https://mma.prnewswire.com/media/2276620/Bright_Data_logo__1044x234_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/first-comprehensive-report-on-public-web-data-released-by-bright-data-302124673.html

Continue Reading

Artificial Intelligence

OSIA becomes an official International Telecoms Union (ITU) standard

Published

on

osia-becomes-an-official-international-telecoms-union-(itu)-standard

ITU Standardization Sector (ITU-T) Recommendation X.1281 – APIs for interoperability of identity management systems
BRUSSELS, April 23, 2024 /PRNewswire/ — The Secure Identity Alliance (SIA) announced today that its OSIA specification, is recognized as international standard by the International Telecommunication Union’s Telecommunication Standardization Sector (ITU-T). This milestone establishes OSIA as official ITU standard (ITU-T Recommendation) for the global infrastructure of information and communication technologies (ICT).

The specification that is now an ITU-T Recommendation is: ITU-T X.1281 – APIs for interoperability of identity management systems.
ITU-T is the standardization arm of ITU, the United Nations specialized agency for ICT. The Secure Identity Alliance specifications were approved as official ITU-T Recommendations by ITU members including 193 countries and the world’s front-running ICT companies on 1st March 2024. The new ITU-T Recommendation is under the responsibility of ITU’s standardization expert group for security, ITU-T Study Group 17.
“We are very proud that the OSIA specification is recognized as an international standard by ITU-T. This milestone demonstrates the maturity of OSIA and its potential to foster interoperability and promote fairness in the identity management systems market,” said Debora Comparin, Chair of the OSIA Initiative.
Prof. Heung Youl Youm, Chairman of ITU-T Study Group 17, said, “The recognition of the OSIA specification as an official ITU-T Recommendation underscores its critical contribution to the advancement of global ICT infrastructure. We are thrilled about the ongoing collaboration between ITU-T SG17 and the SIA, aimed at developing standards for secure identity management.”
“As Editor of the OSIA standard in the ITU-T Study Group 17 Q10, I am pleased to have contributed to this successful recommendation by the ITU,” said Abbie Barbir, Rapporteur for ITU-T’s working group on ‘Identity management and telebiometrics architecture and mechanisms’ (Q10/17). “The collaboration with the SIA continues on OSIA and other structuring initiatives and standards development.”
Engr Abisoye Coker-Odusote, CEO, National Identity Management Commission (NIMC), Nigeria & Chair of the OSIA Advisory Committee, said, “As the Chair of the OSIA Advisory Committee, comprised exclusively of government representatives, we take great pride in our five years of collaboration guiding the working group in the development of the OSIA specification. OSIA establishes equal marketplace conditions, fosters collaboration, and ensures product compatibility post-mergers and acquisitions. The OSIA standardized interfaces drive innovation, enabling new local market models and reducing fraud within multiple ID systems. Additionally, OSIA addresses integrator/vendor lock-in, allowing governments to maintain control over their identity systems and pursue national development agendas seamlessly.”
“The Secure Identity Alliance has always supported standards and its members have contributed to thousands of standards globally, which are now used in the ICT market. Standards are key to unlock the full power of Identity to enable people, economy and society to thrive,” concluded Didier Trutt, Chairman of the SIA.
X.1281 is at publication stage and can be accessed here: https://www.itu.int/ITU-T/workprog/wp_item.aspx?isn=18778
OSIA v6.1.0. twin specification can be accessed here: https://osia.readthedocs.io/en/v6.1.0/index.html 
OSIA qualification programme can be accessed here: https://globalplatform.org/osia-qualification-program/
For more information on the Secure Identity Alliance and the OSIA Initiative, visit http://www.secureidentityalliance.org and www.osia.io
For more information on ITU-T SG 17 visit https://www.itu.int/en/ITU-T/studygroups/2022-2024/17/Pages/default.aspx.
About the Secure Identity Alliance:
Secure Identity Alliance (SIA) is a global non-profit association that serves as the voice for public and private actors and organizations active in the secure identity ecosystem and adjacent industries. SIA’s mission is to unlock the full power of identity so that people, economy, and society thrive. The association supports the development of the activities of its members across four broad pillars: Identity for Good, Outreach, Open Standards Development and Industry Services and Solutions. www.secureidentityalliance.org
About OSIA:
A digital public good, OSIA is an open standard set of interfaces (APIs) that enables seamless connectivity between building blocks of the identity management ecosystem – independent of technology, solution architecture or vendor.  More information at www.osia.io
Follow the Secure Identity Alliance at on X @secureidentity1 and LinkedIn at https://www.linkedin.com/company/secure-identity-alliance/ 
About ITU-T SG 17
The ITU Telecommunication Standardization Sector (ITU-T) is one of the three Sectors (branches) of the International Telecommunication Union (ITU). It is responsible for coordinating standards for telecommunications and Information Communication Technology such as X.509 for cybersecurity, Y.3172 and Y.3173 for machine learning, and H.264/MPEG-4 AVC for video compression, between its Member States, Private Sector Members, and Academia Members.
Logo: https://mma.prnewswire.com/media/2394623/OSIA_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/osia-becomes-an-official-international-telecoms-union-itu-standard-302124668.html

Continue Reading

Artificial Intelligence

SciBase will present at the Redeye Medtech Event on April 24th

Published

on

scibase-will-present-at-the-redeye-medtech-event-on-april-24th

STOCKHOLM, April 23, 2024 /PRNewswire/ — SciBase Holding AB (“SciBase”) (STO: SCIB), a leading developer of augmented intelligence-based solutions for skin disorders will participate at the Redeye Medtech event.

On April 24 at CET 9.50 CEO Pia Renaudin will present the latest developments in SciBase at Redeye. The presentation is live broadcasted and can be followed at https://www.redeye.se/events/974326/redeye-theme-medtech-2 where the replay and the presentations will be available afterwards.
For additional information, please contact:Pia Renaudin, VD, tel. +46732069802, e-mail: [email protected]
Certified Advisor (CA):Vator SecuritiesTel: +46 8 580 065 99Email: [email protected]
About SciBase:
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015. Learn more at www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/en/pressreleases
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/scibase/r/scibase-will-present-at-the-redeye-medtech-event-on-april-24-th-,c3966053
The following files are available for download:
https://mb.cision.com/Main/12371/3966053/2751965.pdf
Redeye presentation
 

View original content:https://www.prnewswire.co.uk/news-releases/scibase-will-present-at-the-redeye-medtech-event-on-april-24th-302124656.html

Continue Reading

Trending