Retail Cloud Market Key Highlights and Future Opportunities


Posted October 29, 2020 by Techfuture

Retail Cloud Market Key Highlights and Future Opportunities
 
Market Insights:

Market Research Future (MRFR) has revealed in its report recently that the global Retail Cloud Market is poised to grow saliently at 17% CAGR during the forecast period 2016 to 2022. MRFR has further estimated that the valuation of retail cloud market will reach USD 28 Bn by 2022 up from USD 10 Bn in 2016.

The exponential adoption of e-commerce by the customers have fueled the demand for retail cloud market. Retail cloud technology offers solutions for issues related to CRM, disaster recovery, discounts & promotions, workforce management, data analytics and others. This, in turn, is anticipated to have a favorable influence on the market expansion over the next few years.

The large-scale penetration of smartphones is further responsible for the acceleration of revenue creation in the retail cloud market. According to a study, more than 90% of the customers use smartphones for shopping and price comparison. Furthermore, a shift towards omnichannel experience is estimated to catapult the retail cloud market on an upward trajectory over the review period.

The factors responsible for holding the growth of the market is the deeply rooted unorganized sector in developing economies such as India, the less mature distribution channel, etc.

Get Free Sample Copy Report of Retail Cloud Market@ https://www.marketresearchfuture.com/sample_request/2414

Market Segmentation:

By product, the retail cloud market has been segmented into customer management, workforce management, supply chain management, data security management, reporting & analytics, and others.

By deployment, the global retail cloud market is segmented into public cloud, private cloud, and hybrid cloud.

By services, the retail cloud market has been segmented into software as a service, platform as a service, and infrastructure as a service.

By end-user, the global retail cloud market is segmented into small & medium size industry and large-scale industry.

Regional Analysis:

By region, the global retail cloud market has been segmented into North America, Europe, Asia Pacific, and the Middle East & Africa. North America holds the most substantial share of the global market which accounts for 45% share. The region is likely to retain a dominant position in the foreseeable future. The growth of the region is attributable to the large-scale adoption e-commerce by the population.

Europe has captured 26% share of the market and is estimated to hold the second spot through the review period. Asia Pacific is projected to remain highly lucrative market expanding at the highest CAGR over the next couple of years.

Competitive Dashboard:

Some of the key players profiled by MRFR in its report are SAP SE, Microsoft Corporation, Fujitsu Global, Infor, Inc., and Retail cloud, IBM Corporation, Oracle Corporation, Syntel, Inc., Cisco Systems Corporation, and Google, Inc. The strategies employed by the players for gaining traction in the market include technological advancements, expansion of portfolios, product innovations, research & developments, etc.

Industry News:

In August 2018, Aptos, Inc., a leader in retail technology solutions, announced its partnership with DTLR VILLA, LLC (DTLR), a retail leader in lifestyle, footwear and apparel. DTLR has successfully deployed Aptos solutions in the cloud in nearly 240 stores.

Access Complete Report @ https://www.marketresearchfuture.com/reports/retail-cloud-market-2414

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Tags retail cloud market , retail cloud market size , retail cloud market trends
Last Updated October 29, 2020