Global Retail Cloud Market is expected to cross USD 50,000 million Retail Cloud Market | Page 2

BlueWeaveConsulting
The Global Retail Cloud Market size was valued above USD 14,000 million in 2017,
and is expected to cross USD 51,000 million by 2024 at a CAGR above 20% during
the forecast period. With the increasing demand for customer focused, consistent,
and reliable retail experience, retail cloud solutions, the global retail cloud
industry is gaining huge traction.
High scale adoption of smart devices is driving the global retail cloud market
As per the findings of the research, the software category led the global retail cloud market
in 2017 as compared to service. It is expected to continue its strong market hold with
potential growth, during the forecast period. The growth is expected due to increasing
demand for full software suit systems by various small and medium enterprises, which are
lacking technical staff and capital for cloud transition. However, due to the rise of e-
commerce and mobility has made it necessary for retailers to have greater visibility into the
entire supply chain, thereby increasing their focus on retail cloud services.
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Competitive Outlook
The research states that the global retail cloud marketplace is competitive in nature, with
players developing new seamless retail cloud offerings along with various subscription and
attractive low-cost solutions for higher new market penetration. Some of the major players
in this industry are Epicor Software Corporation, SAP SE, IBM, Microsoft Corporation, Oracle
Corporation, Infor, RetailCloud, and, Cisco Systems Inc.
In the recent past, partnership and agreements have been the major recent activities in the
global retail cloud market. For instance, In July 2018 – Accenture and Google Cloud
partnered to launch the Accenture Google Cloud Business Group (AGBG) which would be
focused to enable companies leverage Google Cloud technology and help provide
exceptional customer experiences and speed up their digital transformation journeys. The
new partnership group will focus on consumer-packaged goods, health, and retail industries.
Most of the major vendors in the global retail cloud market are actively focused on
enhancing their offerings to meet the ongoing demand.
Don’t miss the business opportunity of the global retail cloud market. Consult our
analyst and gain crucial insights and facilitate your business growth.
Market Segmentation: Global Retail Cloud Market
By Solution

Software
o Supply Chain Management
o Customer Management
o Workforce Management
o Reporting & Analytics
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