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Retail Cloud Management Solutions and Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2025

Published By :

Transparency Market Research

Category :

ICT

Retail Cloud Management Solutions and Services Market: Overview

Previously it was enough for retailers to provide customers wide range of merchandise and carry out few blown out sales events each year to attract customers. However the scenario has changed due to convergence of social media, cloud and mobile. In recent years to give consumers what they expect and value and influence the purchasing decisions, retailers are building detailed consumer profiles enriched by insights from advanced analytics. The increasing drift towards cloud based solutions is giving rise to the growth of retail cloud. Retail cloud management solutions and services improve the operational issue which saves costs is poised to increase the adoption of retail cloud solutions. Retail cloud management solutions and services improve the shopping experience with connected shopping across channels, flexible returns, enriched services, personalized interaction across the value chain, integrated merchandising and consistent experience. Retailers can use cloud and associated technological advances in analytics and mobility to improve business outcomes across channel operations. In addition, retail cloud management solutions and services can also improve merchandising & marketing, supply chain management and sales, service and support. The cloud computing benefits such as the pay as you go aspect is expected to help retailers improve levels of engagement with customers and business agility. Retail cloud management solutions increases the speed to market, gives freedom to experiment & flexibility to scale as needed, streamline operations and lowers the capex. Currently some retailers are using retail cloud management solutions and services to standardize and streamline their systems by using virtualized servers in remote server farms thereby reducing the number of servers in each store. The adoption of ‘retail as a service’ is delivering greater efficiency, flexibility and cost savings across businesses.

Retail Cloud Management Solutions and Services Market: Drivers and Restraints

Factors such as need for compliance and collaboration, shift to omni-channel experiences and rapid adoption of smart phones are expected to drive retail cloud management solutions and services market. Increasing adoption of digital business strategies, enterprises’ inclination to personalize the in-store experiences of consumers to offer them better shopping experiences and organizations’ move from towards cloud-based solutions and services are expected to fuel the growth of retail cloud management solutions and services market. However, growing data security and privacy concerns are restraining the growth of the overall market. The flexibility and ease of use of cloud services is expected to create opportunities to the growth of retail cloud management solutions and services market.

Retail Cloud Management Solutions and Services Market: Key Segments

The global retail cloud management solutions and services market can be segmented on the basis of type, service model, organization size, deployment model and region. In terms of type, the market can be segmented into solution and service. The retail cloud management solutions and services include customer information management, master data management, enterprise content management, point of sale solution and inventory management solution among others. The market has further been divided into managed services and professional services. On the basis of service model, the retail cloud management solutions and services 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 organization size retail cloud management solutions and services market can be classified into small & medium enterprises (SMEs) and large enterprises. The retail cloud management solutions and services market can also be segmented in terms of deployment model into public cloud, private cloud and hybrid cloud. Geographically, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa and South America. North America is expected to hold the largest market share of retail cloud management solutions and services market due large adoption of retail cloud management solutions in the region. Asia-Pacific is expected to witness high growth during the forecast period owing to increasing smartphone penetration, positive economic outlook in the region and huge potential in the retail sector for cloud adoption.

Retail Cloud Management Solutions and Services Market: Key Players

Major players in retail cloud management solutions and services market with most significant developments are IBM Corporation, HCL Technologies Ltd., iRipple Inc., Retail Cloud, Oracle Corporation, Fujitsu Limited, Cisco Systems Inc., iVend Retail, Epicor Software Corporation and Mi9 Retail, among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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