Press release
Retail Cloud Global Market Size, Share, Growth, Trends, Industry Forecast 2023-2032
Retail Cloud Market Report
The Business Research Company's Retail Cloud Global Market Report 2023 identifies The rapid adoption of smartphones as the major driver for the retail cloud market's growth in the forecast period. High internet usage and the acceptance of 5G-enabled smartphones have surged in both advanced and emerging economies, allowing users to connect with people worldwide in real time. This ease of data access has led to a growth in demand for smartphones. The retail cloud users can access and retrieve data from anywhere in the world using their smartphones.
The global retail cloud market size will grow from $27.1 billion in 2022 to $31.68 billion in 2023, at a compound annual growth rate (CAGR) of 16.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the retail cloud is expected to grow to $58.67 billion in 2027 at a CAGR of 16.7%
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Major competitors in the retail cloud market are Cisco Systems Inc., Fujitsu, Google, IBM Corporation, Infor Inc., JDA Software Group.
A key trend in the retail cloud market includes technological advancements. The market is witnessing the need for cloud computing technology that improves the customer experience while simplifying procedures and lowering IT costs. Major companies operating in the retail cloud market are focused on providing technologically advanced solutions to strengthen their market position.
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The retail cloud market is segmented -
•By Type: Channel Operations, Supply Chain Management, Customer Management, Merchandising, Workforce Management, Reporting and Analytics, Data Security
•By Service 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 Organization Size: Small and Medium Enterprise, Large Enterprise
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the retail cloud market.
The Business Research Company's "Global Retail Cloud Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Retail Cloud Market Include:
1. Executive Summary
2. Retail Cloud Market Characteristics
3. Retail Cloud Market Trends And Strategies
4. Retail Cloud Market - Macro Economic Scenario
5. Retail Cloud Market Size And Growth
……
26. Africa Retail Cloud Market
27. Retail Cloud Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Retail Cloud Market
29. Retail Cloud Market Future Outlook and Potential Analysis
30. Appendix
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