Accelerating Retail Cloud Market Growth Through The Rapid Adoption Of Smartphones: A Key Factor Shaping the Future of the Retail Cloud Market in 2025

What market dynamics are playing a key role in accelerating the growth of the retail cloud market?
The accelerated use of smartphones is predicted to fuel the expansion of the retail cloud market in the future. The rise in internet usage and the embrace of 5G-supported smartphones have seen an upswing in both developed and developing economies, enabling individuals to interact with others worldwide in real-time. This convenience of data access has sparked an increase in smartphone demand. Retail cloud users can access and fetch data from any location worldwide with their smartphones. For instance, Uswitch Limited, a UK-based financial conduct authority, reported in February 2023 that from the start of 2022, mobile connections in the UK numbered 71.8 million, a rise of 3.8% (or approximately 2.6 million) from 2021. By 2025, it's expected that there will be 68.3 million inhabitants in the UK, and 95% of them (or about 65 million people) will be smartphone owners. Hence, the swift uptake of smartphones will boost growth in the retail cloud market.

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How will the growth rate of the retail cloud market shape industry trends by 2034?
The size of the retail cloud market has seen considerable expansion in the past few years. Projected to rise from $38.36 billion in 2024 to $44.95 billion in 2025, it's expected to witness a compound annual growth rate (CAGR) of 17.2%. The surge in the previous period can be ascribed to factors like the transition from legacy systems, emerging mobile commerce trends, the need for omnichannel experiences, and optimization of the supply chain.

In the coming years, there is an anticipated massive expansion in the retail cloud market, with predictions suggesting a size of $100.16 billion by 2029, growing at a compound annual growth rate (CAGR) of 22.2%. This expected increase in the forecast period is due to factors like improved cybersecurity initiatives, the implementation of sustainable and green computing, and the handling of regulatory compliance difficulties. The forecast period will manifest significant trends such as accelerated digitalisation, the use of augmented reality (AR) and virtual reality (VR) for enhanced user experiences, personalisation and comprehensive customer insights, the upswing in e-commerce, and the adoption of blockchain for improved transparency.

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What trends are poised to drive the future success of the retail cloud market?
Leading players in the retail cloud market are concentrating on technological innovation, particularly in the realm of retail cloud platforms. There is a growing demand in the market for cloud computing technology that not only enhances customer interaction but also simplifies processes and reduces IT expenses. For example, in March 2022, Snowflake, a cloud firm based in the United States, introduced a retail data cloud to promote cooperation, deliver outstanding customer services, and streamline retail activities. This retail data cloud equips retailers, manufacturers, distributors, CPG vendors, and industry technology providers with the ability to leverage their data, access new data, and collaboratively interact throughout the retail industry.

Which primary segments of the retail cloud market are driving growth and industry transformations?
The retail cloud market covered in this report is segmented -

1) By Type: Channel Operations, Supply Chain Management, Customer Management, Merchandising, Workforce Management, Reporting and Analytics, Data Security
2) By Service Model: Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS)
3) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
4) By Organization Size: Small and Medium Enterprise, Large Enterprise

Subsegments:
1) By Channel Operations: Omnichannel Management, E-commerce Solutions, Point Of Sale (POS) Integration
2) By Supply Chain Management: Inventory Management, Order Management, Logistics And Transportation Management
3) By Customer Management: Customer Relationship Management (CRM), Customer Engagement Solutions, Loyalty Programs
4) By Merchandising: Product Information Management, Pricing Management, Promotion Management
5) By Workforce Management: Employee Scheduling, Time And Attendance Tracking, Performance Management
6) By Reporting and Analytics: Business Intelligence Tools, Sales Analytics, Customer Insights
7) By Data Security: Data Encryption Solutions, Access Control Management, Compliance Management

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Which geographical regions are pioneering growth in the retail cloud market?
North America was the largest region in the retail cloud market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail cloud market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the influential players reshaping the retail cloud market landscape?
Major companies operating in the retail cloud market include Alphabet Inc., Google LLC, Microsoft Corporation, Alibaba Group Holding Limited, NTT Limited, Amazon Web Services Inc., accenture* plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Fujitsu Limited, SAP SE, Salesforce.com Inc., Cognizant Technology Solutions Corp, Adobe Inc., VMware Inc., Atos SE, T-Systems International GmbH, Infor Inc., Rackspace Technology Inc., Nutanix Inc., Blue Yonder Group Inc., Epicor Software Corporation, Lightspeed Commerce Inc., JDA Software Group Inc., Tekion Corp, SPS Commerce Inc., SymphonyAI Retail CPG

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What Is Covered In The Retail Cloud Global Market Report?

•Market Size Forecast: Examine the retail cloud market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the retail cloud market for a structured understanding.
•Key Players Overview: Analyze major players in the retail cloud market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the retail cloud market.
•Segment Contributions: Evaluate how different segments drive overall growth in the retail cloud market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the retail cloud market.
•Industry Challenges: Identify potential risks and obstacles affecting the retail cloud market.
•Competitive Landscape: Review strategic developments in the retail cloud market, including expansions, agreements, and new product launches.

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