$28.53 Billion Retail Cloud Market 2017 by Type, Service Model, Organization Size, Deployment Model, and Region - Global Forecast to 2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "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" report to their offering.

The retail cloud market size is estimated 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% due to factors such as rapid adoption of smartphones, need for compliance & collaboration and shift to omni-channel experience. However, the growing concerns regarding data security and privacy are the major restraints in the overall growth of the market.

The increasing trend towards cloud-based solutions would give rise to the growth of the retail cloud market in this region. North America is expected to hold the largest market share and dominate the retail cloud market in 2016. Various factors contributing to this growth are the organizations' shift toward cloud-based solutions and services, along with the increasing adoption of digital business strategies, and enterprises' preference to personalize the in-store experiences of consumers to provide them with better shopping experiences.

Market Dynamics

Drivers

  • Rapid Adoption of Smartphones
  • Need for Compliance and Collaboration
  • Shift to Omni-Channel Experience

Restraints

  • Growing Concerns Regarding Security and Privacy

Opportunities

  • Mobile Pos (MPOS)
  • IoT in Retail
  • Click-And-Collect Programs

Challenges

  • Frequently Changing Consumer Preferences
  • Reluctance of Retailers to Adopt Cloud

Companies Mentioned

  • Cisco Systems
  • Computer Sciences
  • Epicor Software
  • Fujitsu
  • Infor
  • International Business Machines
  • JDA Software Group
  • Microsoft
  • Oracle
  • Rapidscale
  • Retail Solutions
  • Retailcloud
  • SAP
  • Softvision
  • Syntel

For more information about this report visit http://www.researchandmarkets.com/research/ggb7dm/retail_cloud

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Retail, Cloud Computing and Storage

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Retail, Cloud Computing and Storage