As of December 2022, there are three available versions of Magento: Magento Open Source, Adobe Commerce On-premise (formerly known as Magento Commerce), and Adobe Commerce Cloud.
Magento Open Source is the free open-source version of Magento. Anyone can download and use it for their own online store.
Adobe Commerce On-premise is the paid version of Magento designed for businesses. It includes more features and functionalities compared to Magento Open Source, making it more suitable for larger enterprises.
Adobe Commerce Cloud is a comprehensive solution that utilizes Adobe’s cloud-based tools such as Adobe Experience Manager, Analytics Cloud, Marketing Cloud, and more. It provides users with a flexible and scalable e-commerce solution. With Adobe Commerce Cloud, you can access and control your business from anywhere, without the need for physical storage space for your architecture and database.