Market Analysis and Insights: Global Retail Cloud Market
Retail cloud market is expected to reach USD 72.89 billion by 2027 witnessing market growth at a rate of 18.7% in the forecast period of 2020 to 2027. Data Bridge Market Research report on retail cloud market provides analysis and insights regarding the factor such as adoption of internet of things in retail sector will uplift the growth of the market.
Increasing demand of smartphones, rising need of compliance and collaboration, shift of omni-channel experience will likely to enhance the growth of the retail cloud market in the forecast period of 2020-2027. On the other hand, rising mobile point of sale in the market along with rising click and collect programs will further boost various opportunities that will lead to the growth of the retail cloud market in the above mentioned forecast period.
Privacy and security issues along with changing consumer preferences are acting as market restraints for retail cloud in the above mentioned forecasted period.
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Global Retail Cloud Market Scope and Market Size
Global Retail cloud market is segmented on the basis of type, service model, organisation size and deployment model. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Retail cloud market on the basis of type has been segmented as solution type and service type. Solution type has been further segmented into supply chain management, customer management, merchandising, workforce management, reporting and analytics, data security, omni-channel and others. Service type has been further segmented into professional services and managed services.
- Based on service model, retail cloud market has been segmented into software as a service, platform as a service and infrastructure as a service.
- On the basis of deployment model, retail cloud market has been segmented into public cloud, private cloud and hybrid cloud.
- On the basis of organisation size, retail cloud market has been segmented into small and medium enterprises, large enterprises.
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