Retail Cloud Market to Register Nearly 18% CAGR to 2020, Says MRFR in Its In-Demand Research Report Available at MarketPublishers.com
23 Jan 2018 • by Natalie Aster
LONDON – The world retail cloud market is poised to register approximately a 18% CAGR through 2020, reaching USD 33.89 billion by 2020.
In the evolving digital technology market, consumers are doing their shopping via retail websites and mobile applications. The majority of retail chains like Wal-Mart, Costco, and Target are deploying a number of strategies on these fronts and are at the pains to amalgamate their extensive store networks with online channel, and drawing customers to make online purchases, thereby boosting the companies’ sales.
Over 90% consumers are utilising smartphones today for shopping and comparing prices with other Internet retail sites or applications. The rising trend of online shopping is fuelled by a range of factors like easy checkout option and the absence of long queues, can research over number of diversity of products simultaneously, availability of a selection of payment methods, feasible discounts and easy return basis, and availability on all modes.
The presence of Amazon and Flipkart, big e-commerce behemoths, pose a huge threat to the retail cloud market as they involve a large consumer base from pole to pole. Considering this, the retail industry tends to shift towards omni-channel retailing. This new approach provides retailers different benefits like maximisation of every retail selling opportunity, optimisation of investment in inventory, single view point into all channels, among others.
In-demand research report “Global Retail Cloud Market Analysis & Forecast 2016 To 2022” developed by MRFR examines the market on a global level. It offers a detailed look at the market structure; provides detailed of the retail cloud market by product, deployment, services, end-user, and region-wise. The study examines the factors impacting the market growth, includes Porter’s five force analysis. It offers historical and forecast revenue figures of the market segments and sub-segments pertaining to 4 leading geographies and their countries. The report includes a country-level evaluation of the market pertaining to the actual market size and future prospects; provide country-wise market analysis for each of the segments discussed. Furthermore, it includes detailed profiles of the leading market players, and scrutinises the competitive landscape. The report also keeps track of, and analyses major developments in the retail cloud marketplace.
Many other research reports by the publisher are available at its page at MarketPublishers.com.