Global Retail Cloud Market, By Type (Solution Type, Service Type), Service Model (Software as A Service, Platform as A Service, Infrastructure as A Service), Organisation Size (Small and Medium Enterprises, Large Enterprises), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud)Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Retail Cloud Market
Data Bridge Market Research analyses that the retail cloud market will exhibit a CAGR of 19.2% for the forecast period of 2022-2029 and is expected to reach the market value of USD 73.44 billion by 2029.
To gain a competitive advantage in terms of speed and agility, retail organizations and retailers can migrate their business applications and infrastructure resources to cloud service architectures such as Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). Cloud computing features are appealing and becoming increasingly relevant in the retail industry for activities such as Supply Chain Management (SCM), customer management, merchandising, and workforce management. The cloud's strengths and capabilities are rapidly changing the retail landscape by providing a variety of benefits such as cost savings, usage-based billing, and business continuity and agility.
The rising demands for smartphones, the growing need for compliance and collaboration, and the shift to an omni-channel experience are all expected to boost the growth of the retail cloud market during the forecast period. On the other hand, rising mobile point of sale in the market, as well as rising click and collect programmes, will boost various opportunities, leading to the growth of the retail cloud market during the forecast period.
The impact on retail cloud varies according to demand from various industries. For example, the electronics and fashion industries have been hard hit by low demand, whereas food, household goods, and pharmaceuticals have seen a drastic shift in demand and are thus looking for Omni channel presence, which is further boosting retail cloud demand. The market is expected to grow rapidly during the forecast period as a result of the advantages it provides over traditional retail.
However, privacy and security concerns, as well as shifting consumer preferences, are acting as market restraints for retail cloud during the forecasted period.
This retail cloud market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Retail Cloud market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Retail Cloud Market Scope and Market Size
Retail cloud market is segmented on the basis of type, service model, organisation size and deployment model. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Retail cloud market on the basis of type has been segmented as solution type and service type. Solution type has been further segmented into supply chain management, customer management, merchandising, workforce management, reporting and analytics, data security, omni-channel and others. Service type has been further segmented into professional services and managed services.
- Based on service model, retail cloud market has been segmented into software as a service, platform as a service and infrastructure as a service.
- On the basis of deployment model, retail cloud market has been segmented into public cloud, private cloud and hybrid cloud.
- On the basis of organisation size, retail cloud market has been segmented into small and medium enterprises, large enterprises.
Retail Cloud Market Country Level Analysis
The retail cloud market is analysed and market size, volume information is provided by country, type, service model, organisation size and deployment model as referenced above.
The countries covered in the retail cloud market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America had the largest market share in the global retail cloud market. The retail cloud market in the region is being driven by the presence of retailers. Furthermore, the high penetration of smartphones benefits the US market. Mexico is also experiencing rapid growth as a result of an increase in foreign investment. During the forecast period, Canada is expected to have the highest CAGR, while the United States is expected to have the largest market share.
The country section of the retail cloud market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Retail Cloud Market Share Analysis
The retail cloud market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies’ focus on the Retail Cloud market.
Some of the major players covered in the retail cloud market report are Oracle, Cisco, SAP SE, IBM Corporation, Microsoft, FUJITSU, Infor., Epicor Software Corporation, Atos Syntel Inc., RapidScale, Retail Solutions, Inc., Softvision, DXC Technology Company Amazon Web Services, Inc., IBM, Infosys Limited, Cognizant and Wipro Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.