Retail Cloud Market Key Segments & Forecast 2017 – 2025

Global Retail Could Market: Snapshot

Retail cloud is a multi-billion dollar market nowadays, thanks to the swift uptake of cloud-based solutions by savvy retailers of almost all sizes, worldwide. Cloud technology such as software as a service (SaaS) helps them to modernize their operations, provide better services to customers, and most importantly are cost effective as it does not require building customized programs for various processes.

Increasing preference for smartphones, rising popularity of omni-channel retail, and ease of use is said to catalyzing growth in the global market for retail cloud. With cloud technology, retailers can adjust to several conditions and attain real-time information. Data tracking has never been so easy, thanks to the advent of cloud in retail processes.

Request Sample Copy of the Report @

https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1454

At the forefront of driving demand in the global market for retail cloud are the SMEs. This is because cloud services accord them high degree of efficiency, ease of use, and most importantly, flexibility. With smartphones and tablets functioning as PoS systems these days, which are increasingly inching towards cloud, the global retail cloud market is expected to surge. Handling payments, inventory, and location information are some other functions cloud systems perform. All these benefits have helped the market flourish.

North America is a key region in the global market for retail cloud on account of being an early adopter of latest cutting-edge technologies. A copious number of astute retailers in the region, trying to increase customer engagement with personalization of their in-store experience, are also serving to boost the market. Asia Pacific is another lucrative market that is being powered by the fast expanding major economies of India and China that are home to a copious number of retailers resorting to cloud-based services.

Request TOC of the Report @

https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1454

Global Retail Cloud Market: Overview 

As the retail industry constantly strives to meet the ever-expanding needs of consumers, the global retail cloud market will undergo substantial expansion over the next few years. The towering popularity of social networking, the rapid expansion of e-commerce, and ongoing technological advancements are dictating changing consumer demands. Cloud computing enables retailers to keep pace with the transformations in the market scenarios, by providing accuracy, agility, and cost-efficient solutions. Therefore, the adoption of cloud services in retail have become crucial in the survival of several retailers. 

Global Retail Cloud Market: Key Trends

Greater popularity of smartphones, increasing preference for omni-channel experience, and ease of use are the primary driving forces of the global retail cloud market. With cloud technology, retailers can adjust to several conditions and attain real-time information. Data tracking has never been so easy, thanks to the advent of cloud in retail processes.

Read Comprehensive Overview of Report @

https://www.tmrresearch.com/retail-cloud-market

SMEs have been adopting cloud services to a considerable extent, as these services offer high efficiency, ease of use, and flexibility. As smartphones and tablets are now operating as PoS systems, which are gradually moving towards cloud, the global retail cloud market is expected to surge. Handling payments, inventory, and location information are some other functions cloud systems perform. All these advantages have stoked the growth of the market.

On the other hand, the market might face a major bottleneck due to data privacy and data security concerns. However, the rising demand from SMEs is expected to aid market expansion. 

Global Retail Cloud Market: Market Potential  

The market for retail cloud has been witnessing several product and service launches. The recent launch of a new cognitive platform, IBM Machine Learning, is likely to have a positive impact on the growth of the global retail cloud market. Making its debut on the z System mainframe, the integration of IBM Machine Learning is expected to benefit not only the healthcare sector in terms of personalized medicine, but also several retail processes. It can handle innumerable daily transactions in banking, retail, government, and insurance sectors, among many others.

Another important development in this area is the launch of a tool that enables retailers to estimate the value of expanding and launching a new financing program in advance by Vyze, which is a cloud solutions provider for manufacturers and retailers.

Star Micronics announced the launch of its versatile cloud printing solution in February 2017. The Star CloudPRNT ™ technology offers several connectivity options. Remote printing is possible with this solution, where one can securely and directly print from a web server, eliminating the need for cloud-based PoS applications. As this product can be used in retail applications, the market for retail cloud might undergo transformations. 

Global Retail Cloud Market: Regional Outlook 

Escalating cloud adoption in the retail sector aimed at harnessing better business opportunities has been responsible for the growth of the market in Asia Pacific. Increasing number of retailers in countries such as India and China are opting for cloud-based services so as to attend to customer concerns and queries and this will continue to boost the APAC market. North America is likely to dominate the global market for retail cloud. Personalization of consumer’s in-store experience has been one of the major growth drivers of the market in this region. 

Global Retail Cloud Market: Competitive Analysis 

Microsoft Corporation, Oracle Corporation, Infor, Inc., Cisco Systems, Inc., Epicor Software Corporation, IBM Corporation, Fujitsu Limited, Computer Sciences Corporation, JDA Software group, Inc., Syntel Inc., and SAP SE are some of the major companies operating in the global retail cloud market.

In February 2017, Oxygen Finance acquired finance cloud-based solutions vendor, Satago. Through the combination of their respective capabilities, the two companies are likely to emerge as leading market players. They aim at delivering integrated, modern payment strategies to large organizations.

Fusion5, a business solutions provider, has merged with Myriad IT, a Melbourne-based firm, boosting Oracle and Microsoft capabilities. In February 2016, Fusion5 acquired the Microsoft Dynamics CRM and SharePoint practices of Koorb Consulting, one of the top three Dynamics CRM partners in New Zealand. Extension of customer base and strengthening of customer relationships have been the chief aims of this acquisition.

Advent of SMEs to Provide Impetus to Growth of Retail Cloud Market

San Francisco, California, December 08, 2017 – The global retail cloud market is expected to witness tremendous opportunities for growth in the coming years, according to TMR Research. The market research company’s published report, titled, “Retail Cloud Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” describes how the global retail cloud market will undergo substantial expansion over the next few years.

Retail cloud solutions enhance the shopping background with associated shopping over channels, adaptable returns, improved services, customized cooperation over the esteem chain, incorporated marketing and predictable experience. Retailers can utilize cloud and related mechanical advances in investigation and portability to enhance business results crosswise over channel operations. Likewise, retail cloud solutions can likewise enhance procedures, for example, promoting, showcasing, production network service, deals, service and support. The cloud registering advantages, for example, the compensation as you go perspective is required to enable retailers to enhance levels of engagement with clients and business strategy. Retail cloud solutions increment the speed to market, offers opportunity to analyze and furthermore gives adaptability to scale as required, streamline operations and lower the capex.

Retail cloud has significant advantages over regular retailing. It gives number of answers for retailers, for example, CRM, debacle recouping, rebates and advancements, workforce service, information examination and others. The developing innovation headway has offered wide territory of uses to customers. Cell phone reception is a standout amongst other case of actually propelled items. It is utilized by buyers for assortment of uses, for example, portable business, online networking access, versatile advancements, and portable keeping money. As per an examination, over 90% purchasers are utilizing cell phone these days at shopping and contrasting costs and other retail sites or applications. The expanding pattern of internet shopping is driven by number of components, for example, simple checkout alternative and no long line, can examine over number of assortment of items at once, accessibility of number of installment choices, possible rebates and simple merchandise exchange, and accessibility on each mode. Amazon, Flipkart, and eBay are the notable case of internet retailing.

The Small and Medium Enterprises (SMEs) are moving towards the reception of retail cloud and developing quickly at the most noteworthy CAGR over the coming years. The SMEs are understanding the significance of retail cloud, for example, prompt reaction, brisk basic leadership, and consumer loyalty, which can bring about speedier business operations and income development.

People in general cloud sending model is evaluated to hold the biggest market estimate in the retail cloud market. The principle explanation behind the high selection of open cloud is its straightforward entry and speedier solution. The fundamental drivers of people in general cloud solution display are the rising interest of versatility, unwavering quality, adaptability, and area autonomy services.

North America is a key area in the worldwide market for retail cloud because of being an early adopter of most recent forefront advances. An extensive number of clever retailers in the district, endeavoring to expand client engagement with personalization of their in-store understanding, are additionally serving to help the market. Asia Pacific is another lucrative market that is being fueled by the quick extending real economies of India and China that are home to an abundant number of retailers depending on cloud-based services.

Some of the leading vendors of the global retail cloud market are Fujitsu Limited, Cisco Systems, Inc., Oracle Corporation, IBM Corporation and Microsoft Corporation.

Get Sample Copy of this Report

https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1454