According to a new market report published by BlueWeave Consulting, The Global Retail Cloud Market was valued at USD 14,128.0 Million in 2017 and is projected to expand at a CAGR of 16.00% from 2018 to 2024, by value, reaching around USD 51,471.3 Million by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to global retail cloud market in 2017.

High scale adoption of smart devices is driving the global retail cloud market

Increasing adoption of smart devices such as smartphones and tablets is a major factor, escalating the growth of global retail cloud market. The rapid adoption of smart devices is attributed to factors such as demand for better network connectivity, seamless information sharing, and growing number of online activities in retail industry which is positively impacting the market.

Mobile payment technology is being used to purchase retail products, globally. Apart from this, with advent of smart devices, retailers are able to communicate directly with prospects according to their previous purchase history and interest. This enables retailers to align their business strategy as per the specific interest of consumers and increase operational efficiency. Further, due to faster processing, easy product comparison, and cheaper credit fees, increasing adoption of smart devices is expected to continue drive the global market for a longer term.

Globally, customers while expecting more variety, convenience, information and access to the product and service from retailers, the complexity of the supply chain is increasing. This has led to over pressure the retailer to balance the risk of bringing product to market more quickly ensuring proper assessment of the offerings. In order to ensure continuous brand identity and protect consumer trust, retailers are in demand for compliance management services. Thus surging need for better compliance and collaboration in retail cloud market will accelerate market growth over the forecast period.

Get PDF Sample Copy of this Report@ https://bit.ly/2DhqjP1

Scope of the Report

The global market for retail cloud is segmented by solution, model, deployment and enterprise size. The solution segment is further segmented into software and services. The model segment is further categories into Software as a Service (SaaS), Platform as a service (PaaS), and Infrastructure as a Service (IaaS). By deployment the market is segmented based on public cloud, private cloud and hybrid cloud. On the basis of enterprise the market is segmented as large enterprise and small and medium enterprise (SME)

Geographically, the global Retail Cloud market is bifurcated into North America, Asia Pacific, Europe, LATAM and MEA. North America Retail Cloud market was the most prominent market contributing significant revenue within the manufacturing industries. Thus, the demands for Retail Cloud products, like software and services will generate higher revenue returns over the forecast period.

Competitive Dynamics

Major industry players in global retail cloud market are adopting different strategic initiatives such as mergers and acquisitions, partnerships, and collaborations for strategic expansion in the Retail Cloud market. For instance, Oracle Corporation plans to increase its revenue from cloud and on premise software businesses through software license updates, higher product support offerings, and associated services.

Market Segmentation: Global Retail Cloud Market

By Solution

· Software

o Supply Chain Management

o Customer Management

o Workforce Management

o Reporting & Analytics

o Others

· Service

o Managed

o Professional

By Model

Software as a Service (SaaS)
Platform as a service (PaaS)
Infrastructure as a Service (IaaS)
By Deployment

Public Cloud
Private Cloud
Hybrid Cloud
By Enterprise Size

Large Enterprize
SMEs
By Region

· North America

· Europe

· Asia Pacific (APAC)

· Middle East & Africa

· Latin America

About BlueWeave Consulting & Research Pvt Ltd. (BWC)

BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.

Contact Us:

[email protected]

https://www.blueweaveconsulting.com

Global Contact: 18666586826