Retail Cloud Market to Grow at 20.9% CAGR to 2026, According to M&M Research Report Published at MarketPublishers.com
24 Feb 2017 • by Natalie Aster
LONDON – The market size of the retail cloud marketplace is projected to increase from USD 11.06 billion in 2016 to USD 28.53 billion by 2021-end, at a 20.9% CAGR. The major growth drivers include, among others, the rapid uptake of smartphones, requirement of compliance and collaboration, alongside a migration to omni-channel experience.
With respect to organisation size, the SMEs segment is likely be see the most rapid growth during the forecast period, mainly owing to the flexibility provided by cloud services. Furthermore, the information backup is managed by the software vendors, ultimately freeing the staff for other business tasks.
The professional (deployment and integrated) services will likely hold the biggest share in the retail cloud market. These services enable retailers to reduce risks, decrease complexity, and boost RoI as they can be customised and easily applied, as well as offer utmost product assurance.
The APAC retail cloud sector is forecast to see the fastest growth, owing to the growing trend toward cloud-based solutions supported by the improving economic scenario in the region. North America is set to capture the greatest slice of the market pie in the offing.
The retail cloud marketplace comprises a range of players involved in the ecosystem, including Oracle Corporation, IBM Corporation, Fujitsu Limited, SAP SE, Computer Sciences Corporation, Microsoft Corporation, Syntel Inc, and Epicor Software Corporation, amid others.
New comprehensive report “Retail Cloud Market” elaborated by M&M is devoted to providing an in-depth, detailed examination of the marketplace. The study analyses the market size and speculates on the future growth potential of the market across various segments, including service model, type, organisation size, deployment model, and geographic region. The research report gives a detailed analysis of the key factors having a bearing on the growth of the market such as restraints, drivers, opportunities, challenges, and burning issues, and casts light on the opportunities in the market as well as gives details about the competitive landscape for the leading market players.
More new comprehensive market research reports by M&M can be found at its page.