Retail Cloud Industry To Enhance Growth With A 18.54% CAGR In The Forecast Period
Key Players
The fundamental companies operating in the Retail Cloud Industry are Oracle Corporation (US), Microsoft Corporation (US), SAP SE (Germany), Syntel (US), IBM Corporation (US), Google Inc (US), Infor Inc (US), Accenture (Ireland), Cisco Systems (US), Fujitsu Global (Japan), T-Systems (Germany), Nutanix (US), Flux7 (US), Retail Cloud (UK), and Netmagic Solutions (India).
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Retail Cloud Industry – Overview
The expansion of conventional retailing is creating a strong push for the growth of the Retail Cloud Industry. Reports that explore the information and communication technology industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. An 18.54% CAGR is anticipated to promote revenue generation in market to the value of USD 51.77 billion by 2025.
The rise in requirements of retailers related to discounts & promotions, disaster recovering, CRM, workforce management, and data analytics is furthering the progress of the Retail Cloud Industry. Furthermore, the consolidation of cloud technologies globally is enabling a rapid pace of development in the Retail Cloud Industry. Also, the increasing emphasis on unified consumer experience is expected to guide the growth of the Retail Cloud Industry in the forecast period.
Segmental Analysis
The segmentation of the Retail Cloud Industry has been carried out on the basis of service model, component, deployment, type, and region. On the basis of type, the Retail Cloud Industry has been segmented into customer management, omnichannel, supply chain management, merchandising, data security, analytics, workforce management, and others. Based on the service model, the Retail Cloud Industry has been segmented into platform as a service, infrastructure as a service, and software as a service. On the basis of deployment, the Retail Cloud Industry has been segmented into private cloud, hybrid cloud, and public cloud. On the basis of component, the Retail Cloud Industry has been segmented into solution and services. The services segment has been additionally bifurcated into professional and managed services. Based on the regions, the Retail Cloud Industry is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South America.
Detailed Regional Analysis
The regional study of the Retail Cloud Industry has been segmented North America, Asia Pacific, Europe, the Middle East & Africa, and South America. The North American region was in charge of the chief market in the Retail Cloud Industry. The incidence of retailers is driving the Retail Cloud Industry in the region. Moreover, elevated penetration of smartphones is also a lift for the market in the US. Mexico is also perceiving elevated advance due to an upsurge in foreign investments. Canada is anticipated to have the maximum CAGR, while the US is anticipated to have the principal market share through the forecast period. The European region is the second most market in the Retail Cloud Industry. The surge in investments in the European retail markets is propelling the progress of the Retail Cloud Industry. Germany is anticipated to have the uppermost CAGR and market share through the forecast period. The e-commerce players in the UK are capitalizing in the German market and, hence steering the growth of the market in the region.
Competitive Analysis
The market has attained a progressive stride in the past few years, which is underlined by the activities in terms of valuation. The upsurge of sponsors in the market has acquired an indispensable role in the development of the market. The decrease in the barriers to trade is projected to encompass advanced areas for expansion in the impending years. The extension of the resources vital to endure against competition has improved extensively leading to a record development rate. The purpose of appropriately bolstering the global economy is being motivated through the expansion of this market as well. The market is well-armed to find the way through the shifting tides, abrupt upheavals, and uncharted waters in the international economy. The financial inflows in the market are being engrossed towards increasing the discoveries in the essential product offering offered in the market so that the growth doesn’t go off in the forthcoming period.
LIST OF TABLES
TABLE 1 GLOBAL RETAIL CLOUD INDUSTRY, BY PRODUCT, 2019-2024 (USD BILLION)
TABLE 2 GLOBAL CUSTOMER MANAGEMENT IN RETAIL CLOUD INDUSTRY, 2019-2024 (USD BILLION)
TABLE 3 GLOBAL WORKFORCE MANAGEMENT IN RETAIL CLOUD INDUSTRY, 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 INDUSTRY: DRIVERS & INGIBITORS
FIGURE 2 GLOBAL RETAIL CLOUD INDUSTRY: SUPPLY CHAIN PROCESS 14
FIGURE 3 GLOBAL RETAIL CLOUD INDUSTRY: PORTER’S FIVE FORCES ANALYSIS 14
FIGURE 4 GLOBAL RETAIL CLOUD INDUSTRY, BY PRODUCT, 2019 & 2024 (USD BILLION) 16
FIGURE 5 GLOBAL CUSTOMER MANAGEMENT IN RETAIL CLOUD INDUSTRY, 2019 & 2024 (%) 17
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