According to the report by Fortune Business Insights in their report, titled “Retail Cloud MarketSize, Share and Industry Analysis, By Model Type, By Deployment, By Solution, By Enterprise Size and Regional Forecast, 2019-2026,” predicts such initiatives to bode well for the market growth.
The Market is Anticipated to rise USD 39.63 Billion by the end of 2026from USD 11.89 Billion in 2018. The forecast figure is set from 2019 to 2026 and the market is expected to rise at a CAGR of 16.3%.
Based on the solution, the market is dominated by reporting and analytics and data security segments because of the support these segments provide to the retail cloud computing by the formulating smart advertising and marketing strategies. To cite an instance, retail giants such as eBay and Amazon are using smart advertising in order to increase their product preferences as per different customers by studying the shopping behavior of each customer.
Some of the companies operating in the retail cloud market include:
The success of smart advertising has propelled the demand for reporting and analytics, thus making this segment generate high revenue in the forecast period. In addition to the segmentation, the report also discusses the retail cloud market trends and analyses the competitive landscape in detail.
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The Report Covers the Following, Major Points Precisely:
North America to Continue Dominating Market with Rapid Adoption of Cloud-based Solutions in Retail Sector
Geographically, the retail cloud market review indicates the dominance of North America on account of quick adoption of cloud-based solutions into the retail industry in developed nations such as Canada and the U.S. In addition, the surge in investment for mobile and new technologies into the retail sector is anticipated to help the regional market continue its dominance in the coming years. Currently, the e-commerce sector in the U.S. is led by Amazon and this will accelerate the rate of adoption of cloud solutions in the region in the forecast duration.
On the other side, cloud-based solutions have gained immense popularity in Asia Pacific region, especially in Japan, India, and China. As per Alibaba Cloud, identifies India as one of the hubs for cloud solutions in the region, owing to the presence of both small and medium enterprises in the nation. Alibaba also invested huge sums into various other industries in India such as logistics, entertainment, retail, and others. The penetration of digitalization and the internet have increased the rate of adoption of advanced solutions in the retail sector of the nation. This ultimately indicates the rapid growth of the regional market in the years to come.
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The advent of artificial intelligence (AI) is a major factor boosting the retail cloud market. AI provides retailers the capability to an efficient in-store operation experience for managing their supply chain management and new inventory management systems. Apart from this, AI also provides precise marketing strategies, combined with personalized support and experience that helps the retail enterprises in attracting more consumers to their product. The two most important benefits from the adoption of AI into retail cloud support are improved customer support and experience. The aforementioned factors are thus expected to increase the retail cloud-scale unit in the forthcoming years.
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Market Segmentation of Retail Cloud Market –
1. By Model Type
2. By Deployment
3. By Solution
4. By Enterprise Size
5. By Geography
Table of Content:
5.Global Retail Cloud Market Analysis, Insights and Forecast, 2015-20265.1.Key Findings / Summary5.2.Market Size Estimates and Forecasts5.2.1.By Type (Value)5.2.1.1.Solution5.2.1.1.1.Channel operations5.2.1.1.2.Supply Chain Management5.2.1.1.3.Customer Management5.2.1.1.4.Merchandising5.2.1.1.5.Workforce Management5.2.1.1.6.Reporting and Analytics5.2.1.1.7.Data Security5.2.1.1.8.Others5.2.1.2.Services5.2.1.2.1.Professional Services5.2.1.2.1.1.Consulting5.2.1.2.1.2.Training and Education5.2.1.2.1.3.Support and Maintenance5.2.1.2.2.Managed Services5.2.2.By Service Model (Value)5.2.2.1.Software as A Service5.2.2.2.Platform as A Service5.2.2.3.Infrastructure as A Service5.2.3.By Deployment (Value)5.2.3.1.Public Cloud5.2.3.2.Private Cloud5.2.3.3.Hybrid Cloud5.2.4.By Organization Size (Value)5.2.4.1.Small and Medium Enterprises5.2.4.2.Large Enterprises5.2.5.By Geography (Value)5.2.5.1.North America5.2.5.2.Europe5.2.5.3.Asia Pacific5.2.5.4.Middle East and Africa5.2.5.5.Latin America6.North America Retail Cloud Market Analysis, Insights and Forecast, 2015-20266.1.Key Findings / Summary6.2.Market Size Estimates and Forecasts6.2.1.By Type (Value)6.2.1.1.Solution6.2.1.1.1.Channel operations6.2.1.1.2.Supply Chain Management6.2.1.1.3.Customer Management6.2.1.1.4.Merchandising6.2.1.1.5.Workforce Management6.2.1.1.6.Reporting and Analytics6.2.1.1.7.Data Security6.2.1.1.8.Others6.2.1.2.Services6.2.1.2.1.Professional Services6.2.1.2.1.1.Consulting6.2.1.2.1.2.Training and Education6.2.1.2.1.3.Support and Maintenance6.2.1.2.2.Managed Services6.2.2.By Service Model (Value)6.2.2.1.Software as A Service6.2.2.2.Platform as A Service6.2.2.3.Infrastructure as A Service6.2.3.By Deployment (Value)6.2.3.1.Public Cloud6.2.3.2.Private Cloud6.2.3.3.Hybrid Cloud6.2.4.By Organization Size (Value)6.2.4.1.Small and Medium Enterprises6.2.4.2.Large Enterprises6.2.5.By Country (Value)6.2.5.1.United States6.2.5.2.Canada7.Europe Retail Cloud Market Analysis, Insights and Forecast, 2015-20267.1.Key Findings / Summary7.2.Key Policies and Regulations7.3.Market Size Estimates and Forecasts7.3.1.By Type (Value)7.3.1.1.Solution7.3.1.1.1.Channel operations7.3.1.1.2.Supply Chain Management7.3.1.1.3.Customer Management7.3.1.1.4.Merchandising7.3.1.1.5.Workforce Management7.3.1.1.6.Reporting and Analytics7.3.1.1.7.Data Security7.3.1.1.8.Others7.3.1.2.Services7.3.1.2.1.Professional Services7.3.1.2.1.1.Consulting7.3.1.2.1.2.Training and Education7.3.1.2.1.3.Support and Maintenance7.3.1.2.2.Managed Services7.3.2.By Service Model (Value)7.3.2.1.Software as A Service7.3.2.2.Platform as A Service7.3.2.3.Infrastructure as A Service7.3.3.By Deployment (Value)7.3.3.1.Public Cloud7.3.3.2.Private Cloud7.3.3.3.Hybrid Cloud7.3.4.By Organization Size (Value)7.3.4.1.Small and Medium Enterprises7.3.4.2.Large Enterprises7.3.5.By Country (Value)7.3.5.1.Germany7.3.5.2.Italy7.3.5.3.France7.3.5.4.Spain7.3.5.5.Rest of Europe
Continued…!!!
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