Press release
Retail Cloud Market Compound Annual Growth Rate (CAGR) of 20.9% : 2021
Retail Cloud
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The retail cloud market size is estimated to grow from USD 11.06billion in 2016 to USD 28.53billion by 2021, at a Compound Annual Growth Rate (CAGR) of 20.9% due to factors such as rapid adoption of smartphones, need for compliance & collaboration and shift to omni-channel experience. However, the growing concerns regarding data security and privacy are the major restraints in the overall growth of the market.
The SMEs segment is expected to have the largest market size during the forecast period. Cloud services have become a central part of the business processes in SMEs due to the ease of use and the flexibility they offer, owing to which they are expected to grow in the coming years. The factors driving the retail sector in SMEs includes the flexibility offered by cloud services. Moreover, the data backup is managed by the application vendors, eventually freeing the staff for other business tasks.
The professional services type is estimated to dominate the retail cloud market share during the forecast period
The professional services in the retail cloud market is estimated to hold the largest market share. The professional services include deployment and integrated services. These services enable retailers in lowering risks, reducing complexity, and rising return on investment as they can be customized, are easily applicable, and deliver maximum product assurance. The retail sector is moving toward cloud adoption for efficient operational functions and to offer better customer experiences. Professional services include training development; design, implementation, and project management; deployment methodology; pre-planning; and cost effectiveness.
Research Coverage
The global retail cloud market has been segmented on the basis of types, service models, organization sizes, deployment models, and regions. The various types of analysis covered in the study include retail cloud ecosystem, value chain analysis, competitive landscaping, and market dynamics.
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Key points from table of content :
Company Profiles :
(Overview, Products & Services, Strategies & Insights, Developments)*
• Oracle Corporation
• Cisco Systems, Inc.
• SAP SE
• International Business Machines Corporation
• Microsoft Corporation
• Computer Sciences Corporation
• Fujitsu Limited
• Infor, Inc.
• Epicor Software Corporation
• JDA Software Group, Inc.
• Syntel, Inc.
• Rapidscale
• Retailcloud
• Retail Solutions, Inc.
• Softvision
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