Zion Market Research, the market research group announced the analysis report titled ‘Retail Cloud Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Retail Cloud Market: Overview
There will be a substantial expansion of the retail industry in the coming years in order to meet the unlimited needs of the customers. The growing advancements of the ongoing technological advancements, social networking, and the rapid expansion of e-commerce are increasing the customer demands. The cloud computing technology enables the retailers to understand the changing scenarios of the market by offering cost-efficient, accurate, and agile solutions.
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Global Retail Cloud Market: Segmentation
The retail cloud market is globally segmented into type, service model, organization size, and deployment model. On the basis of type, the global market is divided into service and solution. Based on the service model, the market is segregated into infrastructure as a service (IaaS), software as a service (SaaS), and platform as a service (PaaS). Depending on the organization size, the market is categorized into large enterprise and small and medium enterprise. Based on the deployment model, the market is segmented into a hybrid cloud, public cloud, and private cloud.
Global Retail Cloud Market: Growth Factors
The global retail cloud market is growing owing to the driving forces such as the increasing preference for omnichannel experience, greater popularity of smartphones, and the ease of use. With the help of cloud technology, the real-time data can be accessed by the retailers and thus can adapt to the several changing conditions. With the help of cloud technology in the retail processes, data tracking has become an easy task. Small and medium enterprises have started adopting the cloud computing technology owing to the benefits that it offers such as flexibility, efficiency, and ease of use. The global retail cloud market will gradually surge owing to the factor that the tablets and smartphones are operating as the PoS systems. The additional functionalities that the retail cloud system offers are location information, handling payments, and inventory. All these factors contribute to the market growth of the retail cloud market across the globe. The factor that concerns the market growth in a negative way is the data privacy and security concerns.
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Global Retail Cloud Market: Regional Analysis
Geographically, the retail cloud market is diversified into Asia-Pacific, Europe, North America, and Rest of the World. The region that is dominating the retail cloud market is the North America. The prime factor that contributes to the retail cloud market growth in the North American region is the consumer’s in-store experience has been personalized. The key factor that contributes to the market growth in the Asia-Pacific region is increasing adoption of the cloud technology in the retail sector to increase the business opportunities. In the developing countries such as China and India, there is a vast number of retailers present which are opting for the cloud technology in order to settle the customer queries and concerns, thus contributing to the market growth.
Global Retail Cloud Market: Competitive Players
The major market players in the retail cloud market include Microsoft Corporation, Infor, Inc., Epicor Software Corporation, Fujitsu Limited, JDA Software group, Inc., SAP SE, Oracle Corporation, Cisco Systems, Inc., IBM Corporation, Computer Sciences Corporation, and Syntel Inc.
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Retail Cloud Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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