Market Analysis and Insights: Global Retail Cloud Market
Retail cloud market is expected to reach USD 72.89 billion by 2027 witnessing market growth at a rate of 18.7% in the forecast period of 2020 to 2027. Data Bridge Market Research report on retail cloud market provides analysis and insights regarding the factor such as adoption of internet of things in retail sector will uplift the growth of the market.
Increasing demand of smartphones, rising need of compliance and collaboration, shift of omni-channel experience will likely to enhance the growth of the retail cloud market in the forecast period of 2020-2027. On the other hand, rising mobile point of sale in the market along with rising click and collect programs will further boost various opportunities that will lead to the growth of the retail cloud market in the above mentioned forecast period.
Privacy and security issues along with changing consumer preferences are acting as market restraints for retail cloud in the above mentioned forecasted period.
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Global Retail Cloud Market Scope and Market Size
Global 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.
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Retail Cloud Market Country Level Analysis
Retail cloud market is analysed and market size, volume information is provided by country, type, service model, deployment model and organisation size as referenced above.
The countries covered in the retail cloud market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the retail cloud market due to the adoption of cloud based as well as digital business strategies and is the biggest retail market.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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
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, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to retail cloud market.
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 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.
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