Market Research Future Insights
The Global Retail Cloud Market Size is anticipated to grow at a 17.42% CAGR and is estimated to be worth USD 109.14 Billion by the end of 2030.
The term retail cloud is all about a type of cloud technology, which is made for retailers to empower them with several facilities. Retail cloud supports retailers by giving an arrangement of the production scaling process up down, data reporting, and high speed to market their offerings along with cost-efficient operations. It correspondingly facilitates organizations to tend their production capacity profitability by efficient alignment of operations, simplicity of use, and unique alertness for efficient response to varying market dynamics.
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Retail cloud has several advantages over conventional retailing. It provides several solutions to retailers similar as CRM, disaster recovery, discounts promotions, workforce management, and data analytics. The culturing technological improvement has a wide range of applications.
This is anticipated to develop the supply process and aid market growth in the forecasted period. In addition, online retail channel is rising at an extensive speed that's likely to speed up the retail cloud market growth in the forecasted period. The worldwide lightning embrace of advanced devices like, tablets and Smartphone is noteworthy and is supplementing the market growth.
The advent of artificial intelligence (AI) is a major factor augmenting the Retail Cloud Market. AI provides retailers with the capability to retain an efficient in-store operation experience for managing their supply chain management and new inventory management systems. Apart from this, AI correspondingly provides precise marketing strategies, combined with personalized support and experience that helps retail enterprises in attracting additional consumers to their products.
Key Players
- Syntel (US)
- Oracle Corporation (US)
- Microsoft Corporation (US)
- SAP SE (Germany)
- IBM Corporation (US)
- Cisco Systems (US)
- Google Inc (US)
- Accenture (Ireland)
- Fujitsu Global (Japan)
- Infor Inc (US)
- Nutanix (US)
- T-Systems (Germany)
- Flux7 (US)
- Retail Cloud (UK)
- Netmagic Solutions (India)
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Market Segmentation
The Global Retail Cloud Market is segmented based on following:
Component –
- solution
- services
Type –
- Supply chain management
- Customer management
- Merchandising
- Analytics
- Data security
- Workforce management
- Omnichannel
Service model –
- Software
- Platform
- Infrastructure
Regional Analysis
The Global Retail Cloud Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.
The Retail Cloud Market review indicates the dominance of North America on account of the quick acceptance of cloud-based solutions into the retail industry in developed countries similar to Canada and the U.S. In addition, the rise in investment in mobile and new technologies in the retail sector is expected to help the regional market continue its dominance in the following years. Presently, the e-commerce sector in the U.S. is led by Amazon and this will speed the rate of adoption of cloud solutions in the region in the forecast duration.
Cloud-based solutions have built up immense popularity in the Asia Pacific region, particularly in Japan, India, and China. As per Alibaba Cloud, India is one of the epicenters of cloud solutions in the region, owing to the presence of both small and medium enterprises in the country.
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