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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Retail Cloud Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The size of the market for retail cloud in 2023 was over USD 19.35 billion.
The market is assessed to grow at a CAGR of 16.80% between 2024 and 2032.
The major market drivers is the growing retail industry and surging focus on the omni-channel sales.
The key retail cloud market trends include the increasing adoption of innovative technologies including Artificial intelligence and IoT.
The various model types of retail cloud include Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS).
The various deployments of retail cloud include public cloud, private cloud, and hybrid cloud.
The different organisation sizes for retail cloud includes small and medium enterprise, and large enterprise.
The various retail cloud solutions include supply chain management, workforce management, customer management, reporting and analytics, data security, and omni-channel, among others.
The major players in the market are Oracle Corporation, Cisco Systems, Inc., Fujitsu Limited, Microsoft Corporation, SAP SE, Google, and IBM Corporation, among others.
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Philippines
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+63 287899028, +63 967 048 3306
United Kingdom
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+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124