Retail Cloud Market Overview:
The Retail Cloud Market size was valued at USD 34.57 Bn in 2022 and is expected to reach USD 148.37 Bn by 2030, and grow at a CAGR of 19.97% over the forecast period 2023-2030.
Cloud computing is internet-based computing that is available on demand. To gain a competitive advantage in terms of speed and agility, retail organizations and retailers can migrate their business applications and infrastructure resources to cloud service architectures such as Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). Cloud computing features are appealing and becoming increasingly relevant in the retail business for operations such as Supply Chain Management (SCM), customer management, merchandising, and staff management. The cloud's strengths and capabilities are rapidly changing the retail scene by providing a variety of benefits such as cost reductions, usage-based charging, and business continuity and agility.
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Retail firms are boosting bottom-line growth, increasing sales, skilling and reskilling their employees, and integrating emerging technologies such as data analytics, AI, and IoT to improve customer centricity by concentrating on digital. Adopting an industrial cloud suited to the needs of the retail sector will be critical to allowing the retail sector's next stage of growth. Here are five retail trends that COVID-19 has accelerated and that we anticipate seeing continue in 2022 and beyond.
Data monetization and proliferation
Partnerships and ecosystems will strengthen the retail business.
The factor of allegiance
Empowering retail employees and customers
Consumers and companies are still concerned about sustainability and e-commerce.
MARKET DYNAMICS:
KEY DRIVERS:
Smartphone Adoption is Rapid.
Compliance and collaboration are required.
Transition to Omni-Channel Experience.
RESTRAINTS:
OPPORTUNITY:
Internet of Things in Retail.
Programs for Click-and-Collect.
CHALLENGES:
Consumer Preferences Are Constantly Changing.
Retailers' Reluctance to Adopt Cloud.
IMPACT OF COVID-19:
The proliferation of Covid-19 has had a substantial influence on customer behavior, product demand, retail shop, factory, and logistics service operations. However, the influence on retail cloud varies based on demand from different businesses. For example, the electronics and fashion industries have been badly impacted by low demand, but food, home products, and medicines have witnessed a major shift in demand and are thus searching for Omni channel presence, which is further raising retail cloud demand. The industry is predicted to grow rapidly throughout the forecast period because of the advantages it provides over traditional retail.
MARKET ESTIMATION:
The worldwide retail cloud market has been divided into two components: solutions and services. The services market has been subdivided further into managed and professional services. In 2021, the solution sector will have the most market share, while the services segment will have the fastest CAGR.
The worldwide retail cloud industry has been divided into three service models: software as a service, platform as a service, and infrastructure as a service. In 2021, the software as a service category held the most market share, while the infrastructure as a service segment is predicted to grow at the fastest rate.
The worldwide retail cloud industry has been divided into three deployment types: public cloud, private cloud, and hybrid cloud. In 2021, the public cloud sector had the most market share, while the hybrid cloud segment is predicted to grow at the fastest rate.
KEY MARKET SEGMENTS:
On The Basis of Type
Solution
Service
On The Basis of Service Model
Software as a Service
Platform as a Service
Infrastructure as a Service
On The Basis of Organization Size
Small and Medium Enterprise
Large Enterprise
On The Basis of Deployment Model
Public Cloud
Private Cloud
Hybrid Cloud
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REGIONAL ANALYSIS:
North America has the greatest market share in the worldwide retail cloud market. The presence of merchants such as Walmart and Costco in the region is pushing the retail cloud industry. Furthermore, the growing prevalence of smartphones benefits the US market. Mexico is likewise seeing rapid growth as a result of an increase in foreign investment. Europe is the retail cloud industry's second-largest market. Increased investment in European retail marketplaces is propelling the retail cloud business forward. During the projection period, Germany is predicted to have the greatest CAGR and market share.
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
The major key players are Syntel, Oracle Corporation, Microsoft Corporation, SAP SE, IBM Corporation, Cisco Systems, Google Inc, Accenture, Fujitsu Global, Infor Inc & Other Players
Microsoft Corporation -Company Financial Analysis
| Report Attributes | Details |
| Market Size in 2022 |
US$ 34.57 Bn |
| Market Size by 2030 |
US$ 148.37 Bn |
| CAGR |
CAGR of 19.97% From 2023 to 2030 |
| Base Year |
2022 |
| Forecast Period |
2023-2030 |
| Historical Data |
2020-2021 |
| Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
• By Type (Solution and Service) |
| Regional Analysis/Coverage |
North America (USA, Canada, Mexico), Europe |
| Company Profiles |
Syntel, Oracle Corporation, Microsoft Corporation, SAP SE, IBM Corporation, Cisco Systems, Google Inc, Accenture, Fujitsu Global, Infor Inc |
| Key Drivers |
• Smartphone Adoption is Rapid |
| Market Opportunities |
• Internet of Things in Retail |
Ans: - The Retail Cloud Market size was valued at USD 34.57 Bn in 2022.
Ans: - Consumer Preferences Are Constantly Changing and Retailers' Reluctance to Adopt Cloud.
Ans: - Data proliferation and monetization, Partnerships and ecosystems will strengthen the retail business, The factor of allegiance, Empowering retail employees and customers, Consumers and companies are still concerned about sustainability and e-commerce.
Ans: - North America has the greatest market share in the worldwide retail cloud market.
Ans: - The major key players are Syntel, Oracle Corporation, Microsoft Corporation, SAP SE, IBM Corporation, Cisco Systems, Google Inc, Accenture, Fujitsu Global, Infor Inc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Retail Cloud Market Segmentation, by Type
8.1 Solution
8.2 Service
9. Retail Cloud Market Segmentation, by Service Model
9.1 Software as a Service
9.2 Platform as a Service
9.3 Infrastructure as a Service
10. Retail Cloud Market Segmentation, by Organization Size
10.1 Small and Medium Enterprise
10.2 Large Enterprise
11. Retail Cloud Market Segmentation, by Deployment Model
11.1 Public Cloud
11.2 Private Cloud
11.3 Hybrid Cloud
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Syntel
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Oracle Corporation
13.3 Microsoft Corporation
13.4 SAP SE
13.5 IBM Corporation
13.6 Cisco Systems
13.7 Google Inc
13.8 Accenture
13.9 Fujitsu Global
13.10 Infor Inc
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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