The Retail Cloud Global Market Report 2023, provides comprehensive information on the retail cloud market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/retail-cloud-global-market-report
As per The Business Research Company’s Retail Cloud Global Market Report 2023, the market size is expected to grow from $27.1 billion in 2022 to $31.68 billion in 2023, at a compound annual growth rate (CAGR) of 16.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the retail cloud is expected to grow to $58.67 billion in 2027 at a CAGR of 16.7%.
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Technological advancements are a key trend gaining popularity in the retail cloud market. The market is witnessing the need for cloud computing technology that improves the customer experience while simplifying procedures and lowering IT costs. Major companies operating in the retail cloud market are focused on providing technologically advanced solutions to strengthen their market position. For instance, in March 2022, Snowflake, a US-based cloud company, launched a retail data cloud to facilitate collaboration, provide exceptional customer experiences, and optimise retail operations. The retail data cloud enables retailers, manufacturers, distributors, CPG vendors, and industry technology providers to exploit their data, access new data, and cooperate seamlessly throughout the retail industry.
The retail cloud market is segmented:
1) By Type: Channel Operations, Supply Chain Management, Customer Management, Merchandising, Workforce Management, Reporting and Analytics, Data Security
2) By Service Model: Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS)
3) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
4) By Organization Size: Small and Medium Enterprise, Large Enterprise
North America was the largest region in the retail cloud market in 2022.
The table of contents in TBRC’s retail cloud market report includes:
- Executive Summary
- Retail Cloud Market Characteristics
- Retail Cloud Market Trends And Strategies
- Retail Cloud Market – Macro Economic Scenario
- Retail Cloud Market Size And Growth
- Retail Cloud Market Segmentation
- Retail Cloud Market Regional And Country Analysis
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- Retail Cloud Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Retail Cloud Market
- Retail Cloud Market Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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