Retail Cloud Market - Size, Outlook, Trends and Forecasts (2018

Retail Cloud Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

The retail industry has undergone significant changes in the recent times, and this has increased the volume of data that need to be processed mainly in deducing and utilising the marketing and merchandising analytics. This has prompted the demand for integrating data and processes across organisations to dismantle business silos. Rapidly growing demand for customer satisfaction through effective integration and customer insights through analytics solutions are some of the other drivers impacting the retail cloud market.

Global Retail Cloud Market Industry Analysis:

By deployment model, the market is categorised into the public, private and hybrid cloud. By organisation size, it is subdivided into small, medium and large enterprises. The public cloud deployment model is estimated to hold the most massive market size in the retail cloud market. The main reason for the high adoption of public cloud is its ease of access and faster deployment. The primary drivers of the public cloud deployment model are the rising demand for scalability, reliability, flexibility, and location independence services. By type, it is divided into local cloud market analysis by solution and service type. By service model, it is split software as a service, platform as a service and infrastructure as a service.

Global Retail Cloud Market Size & Growth:

Retail cloud market value was estimated to be $10.9 billion in 2016 and is projected to grow with a CAGR of over 20% to reach approximately $34.4 billion by the end of 2024. The increasing demand for IoT in the retail industry and the growing adoption of smart devices are the primary drivers of the global market over the forecast period. Cloud POS systems are becoming a necessity for most retailers due to the many benefits they offer such as centralisation of

Retail Cloud Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

a customer, sales, and inventory information on central cloud storage.

Global Retail Cloud Market Segments Analysis:

Type categorises the retail cloud market into solution and services. Solution segment includes workforce management, supply chain management, customer management, data security and some others. By functions, the market is categorised into professional, managed and consulting services. The services segment in the retail cloud market is witnessing potential growth owing to the benefits it offers, such as lowered risks, reduced complexity, and rising return on investment. Retailers are opting for these services to quickly address customer queries and concerns, keeping in mind the long-term benefits, and to gain competitive advantage. The major players in this market are SAP SE, Oracle Corporation, IBM Corporation, Microsoft Corporation, and Cisco Systems, Inc.

By enterprise type, the retail cloud market is segregated into large enterprises and small & medium enterprises. Large enterprises are projected to be the pioneer in terms of market growth and SMBs are anticipated to overgrow during the forecast timeline of 2018-2024 owing to the increasing number of small and medium retail enterprises which are opting for the cloud-based technologies to automate and monitor their retail processes along with the emphasis to attain customer satisfaction to sustain in competitive environment.

Americas region is estimated to hold the most significant market share and dominate the retail cloud market in 2016, as organisations are shifting towards cloud-based solutions and services with the increasing adoption of digital business strategies. Moreover, enterprises are moving towards personalising the in-store experiences of consumers to provide them with better shopping experiences, which is driving the growth of the retail cloud market in Americas region.

APAC is projected to grow briskly over the next decade in the next five years

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Retail Cloud Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

owing to the increasing penetration of retail stores from the developed economies to developing economies of APAC region which could provide the emerging opportunities for the market growth over the next decade and countries including India, China, Australia & New Zealand and some other economies will be the primary revenue generating areas from APAC region for the retail cloud market.

Global Retail Cloud Market Outlook:

Market research analysts at some places of the world have predicted that the worldwide cloud security in retail sector will thrive during the forecast period and will post a post a CAGR of over 20% by 2024.In cloud services, vendors handle software maintenance.

Global Retail Cloud Market Trends:

The Oracle Corporation acquired Aconex in 2017.
Gap, Inc. deployed Oracle Corporation cloud retail solutions and services to carry out retail operations from October 2017

Global Retail Market Research and Report Includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and global diversity is analysed with the major countries and the unions.
Scrutinizing the revenue generation on Year-On-Year
Finding DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to find the merger and acquisition which will have a comparative financial study with significant competitors.
Expertise investment opportunities by the analyst to the individual and organisation to have a better foothold in the market.
Product type of advanced carbon materials and their market share. Find the latest developments, market shares, and strategies that are employed by the major market players, such as:
Oracle Corporation
Cisco Systems, Inc
SAP SE
International Business Machines Corporation
Microsoft Corporation

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