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  • Retail Cloud Market 2019 Global Analysis, Segments, Size, Share, Industry Growth and Recent Trends by Forecast to 2021

    (I-SoftwareNews.Com, September 27, 2019 ) MarketsandMarkets expects the retail cloud market 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%. The demand for retail cloud is increasing due to the increasing data volumes being captured, rising demand for real-time integration of analytical results, and the government’s efforts for digital transformation.

    The retail cloud market is segmented by service into professional services and managed services. With the penetration of cloud computing, the number of cloud service users in the retail sector has increased significantly. Usage-based billing & lowering cost, business agility, and business continuity through a policy-driven, software-defined cloud are the major factors driving retail services organizations to move to cloud.

    Browse 64 market data tables and 55 figures spread through 148 pages and in-depth TOC on “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"

    The major vendors covered in the retail cloud market for the study are Oracle Corporation (California, U.S.), Cisco Systems, Inc. (California, U.S.), SAP SE (Wurttemberg, Germany), IBM Corporation (New York, U.S.), Microsoft Corporation (Washington, U.S.), Computer Sciences Corporation (Virginia, U.S.), Fujitsu Limited (Tokyo, Japan), Infor, Inc. (New York, U.S.), Epicor Software Corporation (Texas, U.S.), JDA Software group, Inc. (Arizona, U.S.), and Syntel Inc. (Michigan, U.S.).

    Infrastructure as a Service (IaaS) is estimated to grow at the highest CAGR during the forecast period. IaaS enables enterprises to deploy their applications on the cloud as per requirement and consumption to save IT infrastructure costs. One of the major advantages that IaaS provides is the capability to transfer the work to the cloud at the time of peak demand for on-premises systems. This helps them to save their capital resource that may get used as the cost of additional servers.

    Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27978752

    In the hybrid cloud model, enterprises use both private and public cloud simultaneously. To store data of less significance, enterprises opt for public cloud, but data of significant importance is kept on private cloud. It simultaneously targets the two major concerns of scalability and security, which is difficult to attain by only using either public or private cloud deployment frameworks.
    Small and Medium Enterprises (SMEs) are moving towards the adoption of retail cloud solutions & services and growing rapidly at the highest CAGR during the forecast period. Cloud services have become a central part of the business processes in SMEs due to the ease of use and the flexibility they offer, which is why they are expected to grow in the coming years. Moreover, the data backup is managed by the application vendors, eventually freeing the staff for other business task.

    The Asia-Pacific (APAC) region is expected to be the fastest-growing region in terms of CAGR and experiences major growth opportunities during the forecast period. There is huge potential in this region for cloud adoption in retail, which can be addressed to create better business opportunities. The major countries to witness high growth rates in this region include China, Singapore, India, Malaysia, Australia, and New Zealand. The increasing adoption of retail cloud solutions in this region is due to the economic outlook of Asia, which seems to be positive for retailers, and the tendency of retail cloud solutions to improve the operational issues. The increasing trend of adopting cloud-based solutions would give rise to the growth of the retail cloud market in this region. Some of the major players offering retail cloud solutions in APAC include Hitachi Solutions and Fujitsu.

    Browse complete Report @ https://www.marketsandmarkets.com/Market-Reports/retail-cloud-market-27978752.html

    About MarketsandMarkets™

    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

    Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

    MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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    MarketsandMarkets™

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