[February 20, 2017] |
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$28.53 Billion Retail Cloud Market 2017 by Type, Service Model, Organization Size, Deployment Model, and Region - Global Forecast to 2021 - Research and Markets
Research and Markets has announced the addition of the "Retail
Cloud Market by Type (Solution and Service), Service Model (SaaS, PaaS,
and IaaS), Organization Size, Deployment Model (Public, Private, and
Hybrid Cloud), and Region - Global Forecast to 2021" report to
their offering.
The retail cloud market size is estimated to grow from USD 11.06 billion
in 2016 to USD 28.53 billion by 2021, at a Compound Annual Growth Rate
(CAGR) of 20.9% due to factors such as rapid adoption of smartphones,
need for compliance & collaboration and shift to omni-channel
experience. However, the growing concerns regarding data security and
privacy are the major restraints in the overall growth of the market.
The increasing trend towards cloud-based solutions would give rise to
the growth of the retail cloud market in this region. North America is
expected to hold the largest market share and dominate the reail cloud
market in 2016. Various factors contributing to this growth are the
organizations' shift toward cloud-based solutions and services, along
with the increasing adoption of digital business strategies, and
enterprises' preference to personalize the in-store experiences of
consumers to provide them with better shopping experiences.
Market Dynamics
Drivers
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Rapid Adoption of Smartphones
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Need for Compliance and Collaboration
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Shift to Omni-Channel Experience
Restraints
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Growing Concerns Regarding Security and Privacy
Opportunities
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Mobile Pos (MPOS)
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IoT in Retail
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Click-And-Collect Programs
Challenges
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Frequently Changing Consumer Preferences
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Reluctance of Retailers to Adopt Cloud
Companies Mentioned
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Cisco Systems
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Computer Sciences
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Epicor Software (News - Alert)
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Fujitsu
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Infor
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International Business Machines
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JDA Software Group
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Microsoft
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Oracle (News - Alert)
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Rapidscale
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Retail Solutions
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Retailcloud
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SAP
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Softvision
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Syntel (News - Alert)
For more information about this report visit http://www.researchandmarkets.com/research/ggb7dm/retail_cloud
View source version on businesswire.com: http://www.businesswire.com/news/home/20170220005331/en/
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