Global Retail Cloud Market Report and Forecast 2024-2032

Global Retail Cloud Market Outlook

The global retail cloud market attained a value of over USD 19.35 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 16.80%.

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.

Market Analysis

Based on model type, the retail cloud market can be segmented into Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a service (IaaS). On the basis of deployment, the market is categorised into public cloud, private cloud, and hybrid cloud. Based on organisation size, the market is segmented into small and medium enterprise, and large enterprise. On the basis of solution, the market is categorised into supply chain management, workforce management, customer management, reporting and analytics, data security, and omni-channel, among others. The regional markets for retail cloud can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global retail cloud market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans. 

• Oracle Corporation

• Cisco Systems, Inc.

• Fujitsu Limited

• Microsoft Corporation

• SAP SE

• Google

• IBM Corporation

• Others

Market Share by Deployment

The hybrid cloud form of deployment is holding robust growth in the retail cloud market share across the globe on account of the increasing adoption of hybrid cloud solutions by several companies. This is due to the better operational efficiency and delivery service offered by hybrid cloud solutions in less time. 

Going further, growing investments in cloud-based solutions is further influencing enterprises to invest in hybrid cloud solutions. This is because hybrid cloud solutions are a combination of on-premises, private cloud, third-party, and public cloud services offering greater flexibility and customisation potential for individual company needs.

Market Share by Region

Geographically, the North American region is expected to augment the retail cloud market share on account of the rising adoption of cloud-based solutions across the retail industry in developed economies like Canada and the United States. The United States is expected to hold the market growth on account of the rising investment in innovative technologies. The growing e-commerce industry in the country, with smaller retailers expanding to e-commerce platforms is likely to push forward market growth over the coming years. 

Meanwhile, the Asia Pacific region is expected to fuel the market growth of retail cloud on account of the surging popularity of cloud-based solutions, especially in countries like India, Japan, and China. The increasing penetration of the internet has encouraged the adoption of advanced solutions in the retail industry. This is further expected to boost the market growth in the region.

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Competitive Landscape

Oracle Corporation offers cloud-based solutions for numerous enterprises. It provides database and middleware software, cloud infrastructure software and hardware systems, and application software. The company provides integrated cloud solutions, Software-as-a-Service (SaaS), and Infrastructure-as-a-Service (IaaS). It also offers licenses for new on-premise software, related support solutions, and licenses updates.

Cisco Systems, Inc. deals in the manufacture, sale, and design of Internet Protocol-based networking services and products associated with the communications and information technology industry. It offers information technology and networking services. It also offers software development, enterprise network security, data collaboration, and cloud computing, among other related services.  

Fujitsu Limited offers information and communications technology (ICT) solutions. The company provides a variety of storage devices, computing devices, servers, electronic devices, allied products, and networking systems. It provides business transformation, applications, networks, communication services, and cybersecurity. 

Other market players include Microsoft Corporation, SAP SE, Google, and IBM Corporation, among others.

Key Highlights of the Report

Retail Cloud Market Report Snapshots

Retail Cloud Market Size

Retail Cloud Market Analysis

Retail Cloud Market Share

Retail Cloud Companies