Cloud Retail Comprehensive Market by Component (Solution and Services); by Type (Supply Chain Management, Customer Management, Merchandising, Analytics, Data Security, Workforce Management, Omni-Channel and Others); by Service Model (Software as a Service, Platform as a Service, Infrastructure as a Service); by Organization Size (Small & Medium Enterprises, Large Enterprises); by Deployment Mode (Public, Private, Hybrid); by Region (North America, Asia-pacific, Europe, Latin America and Middle-East and Africa)- Analysis of market share, size &

Market Overview

Cloud retail refers to the use of cloud computing technology in the retail industry. There has been a rise in new power retailers due to the growth of e-commerce and the increasing influence of social media. The convergence of the two brought with it the whole new degree of marketing and distribution networks that the conventional retail industry had not expected. In comparison to operations that conventional retailers have been pursuing for a very long time, e-retailers (also known as e-tailers) have been users of cloud technology for a while. It also helps companies to increase their footprints through smooth and efficient processes, ease of use, and unmatched versatility to respond effectively to changing market trends. The Cloud Retail Comprehensive Market is to be fueled by improved channel operations, personalized customer experience, better supply chain visibility, greater efficiency in merchandising decisions and provides better insights into business performance. However, subscription on fee, limited support options, and connectivity issues are some of the factors that may hinder the growth of the Cloud Retail market.

Market Highlights

Cloud Retail Comprehensive Market is anticipated to exceed USD 38990 million by 2030 from USD 12770 million in 2019 at a CAGR of 17.28 % throughout the forecast period, i.e., 2020-30. The Cloud Retail Comprehensive market is estimated to grow on the back of the following reasons. The main drivers of the cloud retail comprehensive market are cost-effective operations, greater flexibility, and scaling, smooth shopping experience, better communication, a collaboration between departments, and improved point of sale. Cloud technology ascertains that the customer experiences a smooth transaction process, which is quite complicated and may not be provided by traditional means. Moreover, the rapid increase in the customer base of smart and mobile users, cost-effective benefits of cloud retail products, and increased demand for digital services are driving growth in the global cloud retail market. Nevertheless, the increasing concern about data protection and privacy, high reliance on IT infrastructure, and high capital expenditure are some of the constraints of the industry. Also, the reluctance of retailers to implement cloud would restrict the adoption of technology.

Global Cloud Retail Market Analysis (in Million $’s)

Source: Fatpos Global

Recent Highlights

• In April 2019, Google offered Cloud for Retailers which enables retailers to easily take advantage of cloud technologies, from inventory management to merchandising to the retention of long-term customers.
•  In May 2019, SAP released the SAP Marketing Cloud 1905, a 360-degree customer profiler that gathers transactional and behavioral data from various sources and tracks patterns in consumer behavior with preference models and predictive analytics to forecast future buying behavior.
• In February 2019, Microsoft released the updated version of Dynamics 365 for Retail, which offers advanced features such as distributed order management, mobile POS improvements, and omni-channel auto changes.
• In June 2020, IBM to acquire Spanugo, a US-based provider of cloud cyber-security posture management solutions

Global Cloud Retail Comprehensive Market: Segments

Solution segment to boost overall market growth

On the basis of component, the cloud retail market is segmented into solution and services. The solution segment held the largest share in 2019 and is expected to grow at a CAGR of XX% during the forecast period. This is the solution segment offers greater flexibility and scalability and lower operational costs.

Source: Fatpos Global

Supply Chain Management segment to grow at a CAGR of XX% during the forecast period

Based on type, the Cloud Retail Market is divided into Supply Chain Management, Customer Management, Merchandising, Analytics, Data Security, Workforce Management, Omni-Channel, and Others. The Supply Chain Management segment is to capture a large market share as it helps in minimizing costs, enhancing data accuracy, reducing operational issues and maximizing customer satisfaction. Customer Management and Merchandising are also expected to show a significant growth.

Small and Medium enterprises to take over the speedy growth

The organization size is segmented into small & medium enterprises and large enterprises. The SMEs segment held a market share of XX% in 2019 and is expected to register highest CAGR as they have started adopting cloud-based technology due to the benefits it offers such as efficiency, flexibility along with ease of use.

Source: Fatpos Global

Software as a Service segment to capture highest market share

On the basis of Service model, the market is bifurcated into software as a service, platform as a service and infrastructure as a service. The Software as a Service segment is anticipated to grow at the highest rate due to greater adoption rate in retail industry.

Public Cloud Segment to outperform other sectors

Based on the deployment mode, the public cloud is projected to capture the highest market share during the forecast period. This is attributed to factors such as shifting capital expenditures to operating expenses, improved utilization rates, and low-cost infrastructure services for new projects.

Source: Fatpos Global

Global Cloud Retail Comprehensive Market: Drivers and Restraints

Drivers: Increasing mobile phone users

Increasing adoption of mobile phones, need for observance & collaboration and transition to omni-channel experience are some factors which are likely to boost the overall growth of the market. Additionally, the key players have adopted various strategies, such as new product innovation, acquisitions, mergers and partnerships, to propel the market. Continuous technological advancement is likely to be the key strategy of these players in order to retain their competitive position in the market and to enhance customer loyalty.

Restraints: Increasing security and privacy concerns

Growing concerns about security & privacy and the hesitant nature of retailers to embrace the cloud are among the main constraints and challenges in the growth of the market.

Global Cloud Retail Comprehensive Market: Region      

North America to grow at the highest CAGR during the forecast period

The global Cloud Retail Comprehensive market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. Geographically, North America is likely to dominate the market due to high adoption rate of cloud technology in the retail sector. In addition, the rise in investment in mobile and emerging technology in the retail sector is expected to boost the overall market growth during the forecast period. Additionally, the cloud retail market is likely to grow in the Asia-Pacific region due to growing popularity in regions such as India, China and Japan.

Source: Fatpos Global

Global Cloud Retail Comprehensive market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- UK, Germany, France, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia-Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- India, China, South Korea, Malaysia, Japan, Indonesia, Australia, New Zealand and Rest of Asia-Pacific
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- North Africa, Israel, GCC, South Africa and Rest of Middle East and Africa

Key Players

• Oracle Corporation
  • Company overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
• Cisco Systems Inc
• Microsoft Corporation
• Google
• SAP SE
• IBM Corporation
• Fujitsu
• AWS
• Alibaba Group
• Infor

Global Cloud Retail Comprehensive Market Report also contains an analysis on:

• Cloud Retail Comprehensive Market by segment:

• By Component

• Solution
• Services
• By Type
• Supply Chain Management
• Customer Management
• Merchandising
• Analytics
• Data Security
• Workforce Management
• Omni-Channel
• Others
• By Service Model
  • Software as a Service
  • Platform as a Service
  • Infrastructure as a Service
• By Organization Size
• Small and Medium Enterprises
• Large Enterprises
• By Deployment Mode
• Public Cloud
• Private Cloud
• Hybrid Cloud
• By Region
• North America
• Latin America
• Europe
• Asia-Pacific
• Middle east and Africa
• Cloud Retail Comprehensive Market Size
• Cloud Retail Comprehensive Market Dynamics
• Supply and Demand
• Current Issues/trends/challenges
• Competition and Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

FAQs on Global Cloud Retail Comprehensive Market

• Which segment is anticipated to hold the largest market share?
• At what CAGR is the market anticipated to grow between 2020 and 2030?
• Who are the key players in the Global Cloud Retail Comprehensive Market?
• What could be the challenging factors in the growth of Global Cloud Retail Comprehensive Market?
• What are the growth drivers for the Global Cloud Retail Comprehensive Market?