According to a report by Exactitude Consultancy, top companies covered include: Alibaba Group, AWS, Baidu, Cisco Systems Inc., Fujitsu

LUTON, BEDFORDSHIRE, UNITED KINGDOM, August 26, 2024 /EINPresswire.com/ -- 𝐓𝐡𝐞 𝐑𝐞𝐭𝐚𝐢𝐥 𝐂𝐥𝐨𝐮𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐰𝐢𝐭𝐧𝐞𝐬𝐬𝐢𝐧𝐠 𝐮𝐧𝐩𝐫𝐞𝐜𝐞𝐝𝐞𝐧𝐭𝐞𝐝 𝐠𝐫𝐨𝐰𝐭𝐡, 𝐝𝐫𝐢𝐯𝐞𝐧 𝐛𝐲 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐫𝐢𝐬𝐢𝐧𝐠 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐭𝐚𝐢𝐥 𝐬𝐞𝐜𝐭𝐨𝐫. 𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐫𝐞𝐭𝐚𝐢𝐥 𝐜𝐥𝐨𝐮𝐝 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝟏𝟗.𝟒𝟑 % 𝐂𝐀𝐆𝐑 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟎. 𝐈𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐚𝐛𝐨𝐯𝐞 𝐔𝐒𝐃 𝟏𝟎𝟒.𝟏𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟐𝟗 𝐟𝐫𝐨𝐦 𝐚 𝐥𝐢𝐭𝐭𝐥𝐞 𝐚𝐛𝐨𝐯𝐞 𝐔𝐒𝐃 𝟐𝟏.𝟐𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟎.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧

As retailers globally strive to enhance their operational efficiency and deliver superior customer experiences, cloud-based solutions are becoming a cornerstone of their digital strategies. The Retail Cloud Market's growth is fueled by the increasing adoption of scalable, flexible, and cost-effective cloud technologies. Retailers are leveraging cloud solutions to streamline their operations, manage inventory more effectively, and provide personalized shopping experiences to their customers.

𝐆𝐞𝐭 𝐭𝐡𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐭𝐚𝐢𝐥 𝐂𝐥𝐨𝐮𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 @:

https://exactitudeconsultancy.com/reports/15624/global-retail-cloud-market/#request-a-sample

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐑𝐞𝐭𝐚𝐢𝐥 𝐂𝐥𝐨𝐮𝐝 𝐌𝐚𝐫𝐤𝐞𝐭

The surge in the Retail Cloud Market can be attributed to several key factors:

Digital Transformation: Retailers are rapidly embracing digital technologies to stay competitive and meet evolving consumer expectations.

Cost Efficiency: The pay-as-you-go model of cloud services reduces upfront investments and operational costs.

Enhanced Customer Experience: Cloud-based tools enable retailers to offer personalized services and real-time updates, improving overall customer satisfaction.

Scalability and Flexibility: Cloud solutions provide retailers with the ability to scale resources based on demand, crucial for managing peak periods effectively.

𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

Retail cloud refers to the cloud computing technology that is used in the retail industry. Retail cloud services can manage the complete back-end process of any retail operation, including inventory management, order processing, fulfilment, and shipping. The cloud helps retailers redefine and personalise consumer relationships, and optimise and transform operations, along with generating more efficient merchandising as well as supply networks. 

The increasing awareness and adoption of omni-channel retailing is expected to drive the retail cloud market growth during the forecast period. This is due to the advantages of retail cloud technology in supporting omni-channel sales.
The growing digital transformation among retailers is likely to gain traction and boost market growth. Moreover, retailers are focusing on increasing their IT spending which is expected to boost the market growth of retail clouds.
Competition is on the rise among retailers, and retail cloud provides them with an edge, by streamlining their operations and increasing efficiency. As competition continues to increase with more companies crossing regional borders, the market growth of retail cloud is expected to grow over the coming years.

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

Despite the growth, the Retail Cloud Market faces challenges such as data security and privacy concerns, integration with existing systems, and regulatory compliance. However, opportunities abound in leveraging AI and analytics, enhancing omnichannel retailing, and integrating IoT devices. These advancements are set to redefine the retail landscape and drive future market growth.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

In this section, we assess the competitive landscape of the Retail Cloud Market, focusing on key players.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Alibaba Group, AWS, Baidu, Cisco Systems Inc., Fujitsu, Google, IBM Corporation, Infor, JDA Software Group, Microsoft Corporation, Oracle Corporation, SAP SE.

The competitive analysis reveals a dynamic landscape in the Retail Cloud Market, with each key player adopting distinct strategies to secure their positions. Market leaders face pressure from agile newcomers, making innovation and adaptability key factors for sustained success.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟏 Google Cloud extended partnership with The Home Depot, an American home improvement retailer to enhance customer shopping experience. The company leverages Google cloud infrastructure, artificial intelligence capabilities to meet the growing demand and personalized experiences to customers.

In 𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟏 Oracle Corporation partnered with the sport retailer, Wiggle. With this collaboration, Wiggle migrated its on-premises retail solutions to oracle Merchandising Financial Planning and Merchandizing cloud services on Oracle cloud infrastructure. As they migrated to cloud, it helps company to save time, cost and stay focused on business. Wiggle to add Retail Demand Forecasting Cloud service to predict consumer needs to accelerate the growth.

𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟏 IBM Corporation collaborated with GK Software to enhance customer experience by offering omnichannel experience and accelerate retail innovation with hybrid cloud technology. With this partnership, GK software’s CLOUD4RETAIL solution is accessible via IBM cloud, which accelerates the adoption of hybrid cloud within the retail industry.

𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐭𝐚𝐢𝐥 𝐂𝐥𝐨𝐮𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 @:

https://exactitudeconsultancy.com/reports/15624/global-retail-cloud-market/

𝐑𝐞𝐭𝐚𝐢𝐥 𝐂𝐥𝐨𝐮𝐝 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

Service Model (SaaS, PaaS, IaaS)

The SaaS segment is anticipated to account for 48% share of the global retail cloud market during the forecast period.  By offering subscription-based models that reduce hardware, software licenses and IT costs, SaaS solutions offer cost effectiveness. Without major investment, retailers can quickly expand their operation by using Software as a Service and be able to add or remove features and users if necessary. SaaS enables retailers to make data and applications available from any part of the world, which is advantageous for businesses with a global reach. Moreover, the user-friendliness of software as a service means that they are easily adopted and used for quick benefit by retailers with limited technical capacity. The subscription business model will account for 53% of all software revenue in 2022.

Deployment Model (Public, Private, Hybrid Cloud)

Retail cloud market from the public cloud segment is anticipated to hold 51% of the revenue share during the forecast period. The numerous benefits offered to retailers, such as scalability, flexibility, and cost efficiency, are part of the reason. The public cloud enables the use of services such as data storage, computing power, and analysis making it an attractive option for retailers. The dominant role of the public cloud is predicted to be maintained by retailers who want to take advantage of its benefits in order to enhance their business and keep up with competitors.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐑𝐞𝐭𝐚𝐢𝐥 𝐂𝐥𝐨𝐮𝐝 𝐌𝐚𝐫𝐤𝐞𝐭

𝑵𝒐𝒓𝒕𝒉 𝑨𝒎𝒆𝒓𝒊𝒄𝒂𝒏 𝑴𝒂𝒓𝒌𝒆𝒕 𝑭𝒐𝒓𝒆𝒄𝒂𝒔𝒕

The North America region is anticipated to account for 34% share of the global retail cloud market during the forecast period. In particular in countries like the United States and Canada, North America's retail market is growing rapidly. Due to the presence of stores like Walrus, Costco, Kroger, Home Depot and Target in this region, retail is one of North America's largest markets. Furthermore, the demand for cloud retail solutions is highest in North America. Compared to many regions, the region has one of the most exploratory store sales scenarios. Furthermore, in specialty stores, there is a high proportion of use of cloud throughout the region. For example, a company called Bernhardt Furniture Company Inc. has used IBM retail cloud technology to develop the Mobile Sales Application and Analytics Platform which enabled them to increase sales by 20 % in just 10 weeks. The company reported that, on the occasion of sales events, its managers were able to reach out to 205 additional customers.

𝑨𝑷𝑨𝑪 𝑴𝒂𝒓𝒌𝒆𝒕 𝑺𝒕𝒂𝒕𝒊𝒔𝒕𝒊𝒄𝒔

Asia Pacific retail cloud market is anticipated to hold around 28% of the revenue share during the forecast period. In Asia Pacific, this growth is attributable to the growing demand for cloud computing services from SMEs. Strong economic growth, increasing Internet penetration and the growing adoption of mobile phones are taking place in countries such as China, India or Japan. In turn, the demand for effective retail cloud to support the booming e commerce sector is driven by this. In addition, the demand for retail cloud will increase as a result of substantial investment by governments and businesses in cloud infrastructure. 

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧𝐭𝐨 𝐑𝐞𝐭𝐚𝐢𝐥 𝐂𝐥𝐨𝐮𝐝 𝐌𝐚𝐫𝐤𝐞𝐭:

In this section, we provide a breakdown of the Retail Cloud Market into segments based on different criteria, including the type of analysis, industry verticals, and geographic regions.

𝐑𝐞𝐭𝐚𝐢𝐥 𝐂𝐥𝐨𝐮𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐁𝐲 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧, 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟗, (𝐔𝐬𝐝 𝐁𝐢𝐥𝐥𝐢𝐨𝐧)

Supply Chain Management

Customer Management

Workforce Management

Reporting And Analytics

Merchandizing

𝐑𝐞𝐭𝐚𝐢𝐥 𝐂𝐥𝐨𝐮𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐁𝐲 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐓𝐲𝐩𝐞, 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟗, (𝐔𝐬𝐝 𝐁𝐢𝐥𝐥𝐢𝐨𝐧)

Iaas

Saas

Paas

𝐑𝐞𝐭𝐚𝐢𝐥 𝐂𝐥𝐨𝐮𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐁𝐲 𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭, 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟗, (𝐔𝐬𝐝 𝐌𝐢𝐥𝐥𝐢𝐨𝐧)

Public Cloud

Private Cloud

Hybrid Cloud

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐑𝐞𝐭𝐚𝐢𝐥 𝐂𝐥𝐨𝐮𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

What is the present Retail Cloud market size in terms of revenue and volume, and how much growth is expected during the forecast period?

Which are the key developments that are anticipated to stimulate Retail Cloud market trends?

Which factors will trigger product demand and how much product consumption is estimated?

What are the upcoming business opportunities and restraints?

Which region will dominate the global Retail Cloud market share?

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐂𝐥𝐨𝐮𝐝 𝐁𝐚𝐬𝐞𝐝 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐂𝐞𝐧𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

The Cloud Based Contract Center market is expected to grow at 23.5% CAGR from 2024 to 2030. It is expected to reach above USD 92.57 billion by 2029 from USD 13.85 billion in 2020.

https://exactitudeconsultancy.com/reports/15981/cloud-based-contract-center-market/

𝐅𝐢𝐛𝐞𝐫 𝐎𝐩𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global fiber optics market is expected to grow at a 4.32% CAGR from 2024 to 2030. It is expected to reach above USD 6.1 billion by 2029 from USD 4.17 billion in 2020.

https://exactitudeconsultancy.com/reports/10826/fiber-optics-market/

𝐎𝐮𝐭𝐝𝐨𝐨𝐫 𝐏𝐨𝐰𝐞𝐫 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

The global outdoor power equipment market is projected to reach USD 26.52 Billion by 2030 from USD 20.51 Billion in 2020, at a CAGR of 2.9% from 2024 to 2030.

https://exactitudeconsultancy.com/reports/3400/outdoor-power-equipment-market/

𝐒𝐤𝐢𝐧 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

The global skin packaging market size was valued at USD 10.06 billion in 2020, and projected to reach USD 15.71 billion by 2029, with a CAGR of 5.08% from 2024 to 2030.

https://exactitudeconsultancy.com/reports/19270/skin-packaging-market

𝐌𝐢𝐜𝐫𝐨-𝐄𝐥𝐞𝐜𝐭𝐫𝐨-𝐌𝐞𝐜𝐡𝐚𝐧𝐢𝐜𝐚𝐥 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭

The global Micro-Electro-Mechanical System (MEMS) market is expected to grow at 8.7% CAGR from 2024 to 2030. It is expected to reach above USD 26.54 billion by 2029 from USD 12.53 billion in 2022.

https://exactitudeconsultancy.com/reports/13743/micro-electro-mechanical-system-mems-market/

𝐃𝐢𝐫𝐞𝐜𝐭𝐞𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐖𝐞𝐚𝐩𝐨𝐧𝐬 (𝐃𝐄𝐖) 𝐌𝐚𝐫𝐤𝐞𝐭

The Global Directed Energy Weapons (DEW) Market Was Valued At 5.31 Billion In 2022 And Is Projected To Reach 18.59 Billion By 2029, Growing At A CAGR Of 19.6% From 2024 to 2030

https://exactitudeconsultancy.com/reports/19247/directed-energy-weapons-market/

𝐅𝐨𝐨𝐝 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐅𝐢𝐥𝐦 𝐌𝐚𝐫𝐤𝐞𝐭

The global Food Packaging Film Market is expected to grow at 6.2% CAGR from 2024 to 2030. It is expected to reach above USD 194.27 billion by 2028 from USD 125.23 billion in 2019.

https://exactitudeconsultancy.com/reports/2321/food-packaging-films-market/

𝐑𝐞𝐦𝐨𝐝𝐞𝐥𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

The global Remodeling Market is projected to reach USD 5.46 Billion by 2030 from USD 3.80 Billion in 2020, at a CAGR of 4.1% from 2024 to 2030.

https://exactitudeconsultancy.com/reports/3024/remodeling-market/

𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐌𝐨𝐮𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global aircraft mounts market is expected to grow at an 8.83% CAGR from 2024 to 2030. It is expected to reach above USD 912 million by 2029 from USD 426 million in 2020.

https://exactitudeconsultancy.com/reports/11196/aircraft-mounts-market/

𝐁𝐚𝐥𝐥 𝐒𝐜𝐫𝐞𝐰 𝐌𝐚𝐫𝐤𝐞𝐭

The global ball screws market is anticipated to grow from USD 28.75 Billion in 2023 to USD 50.99 Billion by 2030, at a CAGR of 8.53% during the forecast period.

https://exactitudeconsultancy.com/reports/35999/ball-screw-market/

𝑾𝒆 𝒐𝒇𝒇𝒆𝒓 𝒄𝒖𝒔𝒕𝒐𝒎𝒊𝒛𝒂𝒕𝒊𝒐𝒏 𝒐𝒏 𝒕𝒉𝒆 𝑩𝒆𝒗𝒆𝒓𝒂𝒈𝒆 𝑷𝒂𝒄𝒌𝒂𝒈𝒊𝒏𝒈 𝒎𝒂𝒓𝒌𝒆𝒕 𝒓𝒆𝒑𝒐𝒓𝒕 𝒃𝒂𝒔𝒆𝒅 𝒐𝒏 𝒔𝒑𝒆𝒄𝒊𝒇𝒊𝒄 𝒄𝒍𝒊𝒆𝒏𝒕 𝒓𝒆𝒒𝒖𝒊𝒓𝒆𝒎𝒆𝒏𝒕𝒔:

https://exactitudeconsultancy.com/primary-research/

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