Global Retail Cloud Market By Overview
Introduction:
Retailers are creating a radical shift from customer interaction centric approach to customer engagement centric approach, where digitization plays an energetic role. With the growing number of customers shifting to online platforms, retailers are focusing on catering to the rising needs, primarily by enriching shopping experience and redefining the delivery models across all the touch-points and channels. The cloud computing technology allows retailers to understand the changing scenarios of the market by offering accurate, cost-efficient, and agile solutions.
Global Retail Cloud Market By Dynamics
The retail industry is witnessing a remarkable change, and the business atmosphere has become truly a multi-channel world. The increased volume of data that needs to be processed, to make crucial decisions, especially in utilizing and deducing the merchandising and marketing analytics, has driven the demand for the global retail cloud market. Increasing applications of big data and analytics in the retail segment is projected to boost the shift toward data-driven model, primarily especially by growing the types of data that can be analyzed and enhancing the level of complexity of the resulting insight. This is estimated to enhance the management areas of e-commerce, which, in turn, declines the gap between insight and action. Moreover, online channels are purchasing immense popularity as the mode of transaction. Also, companies are directing on launching systems and protocols that ensure complete safety and efficiency. However, vulnerability toward cyber-attacks is restraining the growth of the target market. For instance, the Hudson Bay Company, the parent company of Saks Fifth Avenue and Lord & Taylor, stated that it had suffered a massive data breach that affected approximately 5 million credit card numbers.
Global Retail Cloud Market By Segmentation
The global retail cloud market is segmented based on type, deployment, and region.
Based on type, the global retail cloud market is segmented into solution and service. The solution type segment is further bifurcated into supply-chain management, customer management, merchandizing, workforce management, reporting & analytics, and other solutions (data security and omnichannel). Workforce management type segment is expected to dominate the global market over the forecast period, due to the high demand for consumer-grade technology and retailer interest in advanced intelligent automation to empower the digital business. Based on deployment, the global market is classified into a public cloud, private cloud, and hybrid cloud.
Regional Insights:
Based on the region the global retail cloud market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating the global retail cloud market and is expected to maintain its dominance over the forecast period. This is mainly attributed due to consumer's in-store experience which has been personalized. The key factor that attributes to the market growth in the Asia-Pacific region is growing adoption of the cloud technology in the retail sector to increase the business opportunities. In the developing countries such as India and China, there is a huge number of retailers present which are opting for the cloud technology to settle the customer concerns and queries, thus contributing to the global market growth.
Global Retail Cloud Market, By Type:
- Solution
- Supply-chain Management
- Customer Management
- Merchandizing
- Workforce Management
- Reporting & Analytics
- Other Solutions (Data Security and Omnichannel)
- Service
Global Retail Cloud Market, By Deployment:
- Public Cloud
- Private Cloud
- Hybrid Cloud
Global Retail Cloud Market, By Region:
- North America
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- North America Retail Cloud Market, By Type
- North America Retail Cloud Market, By Deployment
- North America Retail Cloud Market, By Country
- The U.S.
- Canada
- Europe
- Europe Retail Cloud Market, By Type
- Europe Retail Cloud Market, By Deployment
- Europe Retail Cloud Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Retail Cloud Market, By Type
- Asia Pacific Retail Cloud Market, By Deployment
- Asia Pacific Retail Cloud Market, By Country
- China
- India
- Japan
- South Korea
- Rest Of Middle East & Africa
- Latin America
- Latin America Retail Cloud Market, By Type
- Latin America Retail Cloud Market, By Deployment
- Latin America Retail Cloud Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Retail Cloud Market, By Type
- Middle East & Africa Retail Cloud Market, By Deployment
- Middle East & Africa Retail Cloud Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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Global Retail Cloud Market By Key Players
The key players operating the global retail cloud market involves Cisco Systems, Inc., DXC Technology, Epicor Software Corporation, Fujitsu Limited, Infor Inc., IBM Corporation, JDA Software Group Inc., Microsoft Corporation, Oracle Corporation, and RapidScale Inc. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in April 2018, Oracle Marketing Cloud launched Oracle Infinity and Oracle CX Audience. These solutions permit marketers to build deeper, more profitable customer relationships by eradicating data silos and providing real-time insights into rich behavioural data.
Global Retail Cloud Market By Company Profile
- GE Healthcare*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Agfa Gevaert N.V
- Carestream Health,Inc.
- Esaote S.p.A
- IDEXX Laboratories,Inc.
- Mindray Medical International Limited
- Canon Inc.
- Siemens Healthineers
- FUJIFILM Holdings Corporation
- Samsung Electronics Co. Ltd.
“*” marked represents similar segmentation in other categories in the respective section
Global Retail Cloud Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Retail Clouds Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Deployment
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Retail Clouds Market, By Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Solution
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Supply-chain Management
- Customer Management
- Merchandizing
- Workforce Management
- Reporting & Analytics
- Other Solutions (Data Security and Omnichannel)
- Service
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Retail Clouds Market, By Deployment, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Public Cloud
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Private Cloud
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Hybrid Cloud
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Retail Clouds Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Cisco Systems, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- DXC Technology
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Epicor Software Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Fujitsu Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Infor, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- IBM Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- JDA Software Group, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Oracle Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- RapidScale, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Cisco Systems, Inc.
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global retail cloud market is segmented based on type, deployment, and region.
Some of the factors driving the market growth are the Rapid adoption of smartphones, IoT in Retail and abilities of the cloud are swiftly altering the retail landscape by offering a number of advantages such as cost savings, usage-based billing, and business continuity & agility.
Organizations are shifting towards cloud-based solutions and services with the increasing adoption of digital business strategies. Moreover, enterprises are shifting towards personalizing the in-store experiences of consumers to provide them with better shopping experiences which is driving the growth of the retail cloud market in North America
Oracle acquired LogFire, which enabled Oracle to enhance the features of its cloud supply chain management solutions offerings. LogFire adds its warehouse management capabilities to Oracle SCM that provides upgraded solutions to customers