Retail Cloud Market 2020-2025 Overview by Industry Size, Future Trends, Service Providers, Benefits, Growth Rate, Technologies, Security Challenges and Applications & Forecast | Adroit Market Research
Posted on Jan 16 2020 12:07 PM
"The "Global Retail Cloud Market Research Report 2020-2025" present a comprehensive overview by recent trend, growth opportunities, demand, manufacturers and technological innovations during forecast period."
Retail Cloud Market: Expansion in Terms of Third Party Providers to Influence Growth
With technological evolutions, paving way for new age media such as smartphones and advances in cloud technology, consumers are becoming aware of diverse retailing options. Additionally, for the sake of superlative operational efficiency and high end business models that instill long term growth opportunities in global retail cloud market. Advances in manufacturing industry more specifically across emerging countries are anticipated to twin this onward growth march in the coming years. Data integration, monitoring as well as on-time access further necessitate adoption of retail cloud services, managed both ways by on-premise administrators as well as third party contractors. Expansion in terms of third party services also widen growth opportunities in global retail cloud market.
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Detailed research offerings presented in the report are inclined towards enlightening report readers with versatile understanding on market developments as well as market definition and dynamics that pose flourishing growth in global retail cloud market. A dedicated section on market segmentation is also included in the report based on which readers can well decipher understanding on the segment propelling revenue maximization. Based on segmentation, global retail cloud market is diversified into type and application. By application, global retail cloud market is classified into commercial and personal. A thorough review on market segmentation based on regional overview is also included in the report based on which Europe, North America, APAC, MEA, and South America are identified as major regional hubs in global retail cloud market.
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Further in the concluding sections of this report on retail cloud market, readers are presented with decisive understanding on competition spectrum, based on which Costco, Wal-Mart, The Home Depot, Kroger, and Target are popular retail cloud software market participants. Report readers are offered workable cues on market progress. Based on the efficacy of marketing strategies implemented by leading players, new market entrants can well decipher optimum understanding on market progression, therefore new market participants can well draw conclusive understanding on retail cloud capabilities and technological advances thus facilitating high end growth in global retail cloud market.
The global market for the retail cloud was estimated at US$ 17. 09 BL in the year 2018, and it is expected to register the highest CAGR of around 17.7% during the predicted period. In addition, the retail market is currently undergoing huge changes and the retail business background has become highly multi-channel. However, the huge amount of data which require to be processed, to make significant business decisions, particularly in utilizing and deducing the merchandising and marketing analytics, has also boosted the demand for the retail cloud industry across the world. In addition to this, the retail cloud industry is highly mature and extremely fragmented across the emerged regions such as North America and Europe. Furthermore, the emerging economies of the Middle East, Asia Pacific, and Latin America have been instrumental in fuelling the global retail cloud market growth, owing to the growing customer purchasing rate, especially in Saudi Arabia, China, India, and others. Additionally, the increasing application of analytics and big data in the retail vertical is anticipated to boost the demand of the global retail cloud market, basically by extending the types of data which can be analyzed and improving the sophistication level of the outcome insights. This is also anticipated to enhance the management areas of the e-commerce industry that results in reducing the gap between action as well as insight. Moreover, online channels are growing their popularity due to the offering of the mode of transaction. Hence, companies are highly concentrating on launching new protocols and systems which ensure complete efficiency and safety.
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Workforce Management applications segment is expected to grow with the highest share over the forecast period
The cloud workforce management applications are highly adopting by retailers owing to its huge demand for consumer-based technology as well as growing retailer’s interest across innovative intelligent automation to increase their business. On the other hand, the huge numbers of companies are highly investing in retail workforce management that has offered opportunities to increase retail operations by reducing administrative processes as well as gathering more profitable information. This enables the workforce to place additional focus on sales as well as in-store operations.
High implementation of mobile devices is boosting the retail cloud market growth across the world
As per the recent research, the software vertical is attributing the growing global retail cloud market in the year 2017. This is anticipated to remain its huge market growth hold with significant shares over the predicted period. In addition, the global retail cloud market growth is anticipated owing to the growing demand for overall software systems with the number of small as well as medium enterprises that are lacking technical experts and expenditure for cloud services. On the other hand, owing to the increase if e-commerce, as well as mobile devices, have made it crucial for the number of retailers to have higher flexibility in the overall demand and supply chain operations, hence growing their concentration on retail cloud solutions.
The global retail cloud market geographically segmented as follows:
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia-Pacific (APAC)
- Rest of Asia-Pacific
- Middle-East & Africa (MEA)
- South Africa
- Rest of MEA
- Latin America (LATAM)
- Rest of Latin America
Out of the above mentioned geographical regions, the North American market for retail cloud holds a major share. The growing demand across the region is highly attributed to the rapidly moving retailers towards e-commerce solutions. In addition to this, the retail market in North America is increasing at a very rapid pace. However, retail trade accounting for near around 10% of the hare in both Canada as well as the United States. Moreover, the retail market in this region is also recognized as one of the highest markets across the globe. Costco, Wal-Mart, The Home Depot, Kroger, and Target have the leading companies with their origin in the North America region. Additionally, online shopping is also one of the major factors contributing to the growth of the retail cloud market across the region. To gain a competitive footprint the huge number of retailers offering their products with the help of several online platforms. In addition, the region has a very strong foothold to integrate all the leading retail service providers that are expected to boost the retail cloud market growth in the region.
Competitive landscape of the global retail cloud market
The global market for the retail cloud is extremely fragmented as the number of top players operating across the world. DXC Technology, Cisco Systems Inc., Infor Inc., Fujitsu Limited, Epicor Software Corporation, Oracle Corporation, IBM Corporation, Microsoft Corporation, JDA Software Group Inc., Retailcloud, SAP SE are some of the leading service providers of the global retail cloud market.
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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