Jul 8, 2020 8:39 PM ET
iCrowd Newswire – Jul 8, 2020
The report on the Global Retail Cloud Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.
Market Research Future (MRFR), in its latest report on the Global Retail Cloud Market 2020, shed light on different forces that are impacting the market. As per MRFR data, the global market of retail cloud market is expected to rise at 18.54% CAGR by 2025. On the conclusion of the evaluation period, the retail and cloud market is expected to rise at USD 51.77 billion.
The application of Retail cloud offers multiple benefits over conventional retailing solutions. Retail cloud provide different solutions to retailers such as; discounts & promotions, disaster recovering, CRM, data analytics, and workforce management. In addition, technology advancements are also backing the wide range of applications of retail cloud. These factors are expected to boost the rise of the retail cloud market in the near future.
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The gradual shift in towards omni-channel retail is also observed as a potential retail cloud market driver. Retail cloud solutions are also improving consumer transparency and are enabling omni-channels for a completely integrated approach towards commerce that can offer shoppers a unified experience across both offline and online channels. The increase in these type of integrated solutions with the assistance of the amalgamation of cloud technologies via recovery, chatbots, and data backup market can boost the expansion of the market in the analysis period. The rise in tore and analyze customer data solutions that offer seamless shopping experience can also benefit the retail cloud market in the study period.
Accenture (Ireland), Retail Cloud (UK), Nutanix (US), T-Systems (Germany), IBM Corporation (US), Microsoft Corporation (US), SAP SE (Germany), Cisco Systems (US), Infor Inc (US), Syntel (US), Oracle Corporation (US), Google Inc (US), Flux7 (US), Fujitsu Global (Japan), and Netmagic Solutions (India) are some eminent names in the retail cloud global market as listed by MRFR.
The segment evaluation of the global retail cloud market is based on service model, component, type, and deployment.
The component based segments of global Retail Cloud Market are into solution and services. The services sub-segments are managed and professional services. The solution segment can thrive in at the highest CAGR in the years to come.
The type based segments of the global retail cloud market are analytics, customer management, merchandising, supply chain management, workforce management, data security, and omni-channel among others.
By service model based segments of the global retail cloud market are platform as a service, infrastructure as a service, and software as a service. The software as a service segment can hold the largest market share and the infrastructure as a service segment can thrive at the highest CAGR across the analysis period.
The deployment based segments of the global retail cloud market are hybrid cloud, public cloud, and private cloud. The public cloud segment can generate considerable revenue for the market and the hybrid cloud segment can expand at the highest CAGR in the analysis period.
In North America, the increase in the use of cloud in retail shops allows shoppers to have convenient user experience across all retail channels, in-store and online. The rapid expansion of the e-commerce market is expected to support the integration of retail market with integrate new technologies, thus transforming the competitive landscape in the region. This is expected to boost the expansion of the regional retail cloud market in the near future. In Europe, the expansion of the retail cloud market can be attributed to the presence of prominent retail cloud dealers in the region. The rise in the adoption of E-commerce players across the UK can cause the region to rise.
LIST OF TABLES
TABLE 1 GLOBAL RETAIL CLOUD MARKET, BY PRODUCT, 2019-2024 (USD BILLION)
TABLE 2 GLOBAL CUSTOMER MANAGEMENT IN RETAIL CLOUD MARKET, 2019-2024 (USD BILLION)
TABLE 3 GLOBAL WORKFORCE MANAGEMENT IN RETAIL CLOUD MARKET, 2019 & 2024 (USD BILLION)
TABLE 4 GLOBAL SUPPLY CHAIN IN RETAIL CLOUD MAREKT, 2019 – 2024 (USD BILLION)
TABLE 5 GLOBAL DATA SECURITY IN RETAIL CLOUD MAREKT, 2019 -2024 (USD BILLION)
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LIST OF FIGURES
FIGURE 1 GLOBAL RETAIL CLOUD MARKET: DRIVERS & INGIBITORS
FIGURE 2 GLOBAL RETAIL CLOUD MARKET: SUPPLY CHAIN PROCESS 14
FIGURE 3 GLOBAL RETAIL CLOUD MARKET: PORTER’S FIVE FORCES ANALYSIS 14
FIGURE 4 GLOBAL RETAIL CLOUD MARKET, BY PRODUCT, 2019 & 2024 (USD BILLION) 16
FIGURE 5 GLOBAL CUSTOMER MANAGEMENT IN RETAIL CLOUD MARKET, 2019 & 2024 (%) 17
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Keywords: Retail Cloud Market, Retail Cloud Market size, Retail Cloud Market share, Retail Cloud Market trends, Retail Cloud Market growth, Retail Cloud Market forecast