Retail Cloud Market - Overview
The broad application base of Retail Cloud Market 2020 is expected to benefit
its future growth plans. The ICT industry reports are produced by Market
Research Future, which highlights market options for expansion. An 18.54% CAGR is estimated to bolster the
market value to USD 51.77 billion by 2025.
The surge in e-commerce activities is estimated to
create a favorable backdrop for the development of the retail cloud market
share. Thus, the need for a fully integrated approach to commerce is estimated
to create a vast scope for the retail cloud market around the globe.
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Detailed Regional Analysis
The regional examination of the retail cloud market
has been segmented into Europe, Asia-Pacific, the Middle East, North America,
Africa, and South America. The North American region is responsible for the
chief market in the retail cloud market. The presence of significant retailers
is motivating the retail cloud market in the region. Moreover, the elevated
penetration of smartphones is also increasing the opportunities for growth in
the US. Mexico is also seeing towering growth owing to a rise in foreign
savings.
Canada is anticipated to have the uppermost CAGR,
while the US is projected to have the principal market share through the
forecast period. The European region is the second prevalent market in the
retail cloud market. The region has been split into nations such as the UK,
Germany, France, to understand the market better. The augmentation in
investments in the European retail markets is motivating the expansion of the
retail cloud market. Germany is projected to have the highest CAGR and market
share for the duration of the forecast. The existence of e-commerce players in
the UK who are investing in the German market is playing a foremost role in the
development of the market in the region.
Segmental Analysis
The segmental insight of the retail cloud market has
been conducted based on the service model, type, component, deployment, and
region.
Based on the types, the retail cloud market has been
segmented into customer management, supply chain management, merchandising,
analytics, workforce management, omnichannel, data security, and others.
On the basis of the components, the retail cloud
market has been divided into solutions and services.
Based on the service models, the market for retail
cloud has been segmented into infrastructure as a service, platform as a
service, & software as a service.
Based on the deployment, the retail cloud market has
been segmented into private cloud, hybrid cloud, and public cloud.
Competitive Analysis
The reinvention of the supply chains by integrating
robust technology in them is estimated to spur the development of the market in
the coming period. The state of technological development is estimated to be
staggered as the development of the global market is at a relative standstill.
The effect of unpredictable events has created substantial barriers that will
have to suitably addressed and overcome to achieve normalcy in the global
market. The establishment of a definite
competitive advantage is estimated to spur market development in the forecast
period. The inducements offered by the government are expected to display a
positive influence on the overall market development in the impending period.
The need to invest in building a robust consumer base is estimated to rank on
the top priorities of market leaders for the upcoming period. The weakening of
trade channels is projected to present new challenges that have to be overcome
expediently in the coming years. The regulations in various regions can be
relied upon to rebuild market clout gradually in the future.
The notable
companies in the retail cloud market are Oracle Corporation (US), Cisco
Systems (US), SAP SE (Germany), Google Inc (US), Microsoft Corporation (US),
IBM Corporation (US), Flux7 (US), Accenture (Ireland), Retail Cloud (UK),
Fujitsu Global (Japan), Infor Inc (US), Nutanix (US), Syntel (US), T-Systems
(Germany), and Netmagic Solutions (India).
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