Cloud Retail Market Trends and Forecast
The future of the global cloud retail market looks promising with opportunities in the small & midsize enterprise and large enterprise markets. The global cloud retail market is expected to reach an estimated $111.6 billion by 2030 with a CAGR of 17.4% from 2024 to 2030. The major drivers for this market are growing adoption of multi-cloud architecture, rising emphasis on the omni-channel user experience, and increase in online retail activities.
• Lucintel forecasts that software as a service is expected to witness the highest growth over the forecast period.
• Within this market, small & midsize enterprise is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Amazon Web Services (AWS) announced partnerships with major retail brands to enhance cloud-based e-commerce solutions, aligning with the US governmentÄX%$%Xs digital transformation initiatives to boost the economy post-pandemic.
China: Alibaba Cloud launched a data analytics platform for retail, supporting Chinese companiesÄX%$%X targets to leverage cloud technology for customer insights and operational efficiency improvements.
India: Reliance Retail partnered with Google Cloud to modernize its retail operations, aiming to achieve scalability and agility in its cloud-based infrastructure to meet the growing demands of the Indian market.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Cloud Retail by Segment
The study includes a forecast for the global cloud retail by type, application, and region.
Cloud Retail Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Software as a Service
• Platform as a Service
• Infrastructure as a Service
Cloud Retail Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Small & Midsize Enterprises
• Large Enterprise
• Others
Cloud Retail Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Cloud Retail Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cloud retail companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cloud retail companies profiled in this report include-
• Oracle
• Cisco Systems
• SAP SE
• International Business Machines
• Microsoft
• Computer Sciences
• Fujitsu Limited
• Infor
• Epicor Software
• JDA Software Group
Recent Development in the Cloud Retail Market
Amazon Web Services (AWS): AWS has introduced AI-powered retail analytics tools, enabling retailers to harness data for personalized marketing strategies and operational optimizations, enhancing customer experiences and driving sales growth in the cloud retail sector.
Microsoft Azure: Microsoft Azure has collaborated with major retail chains to develop cloud-based supply chain management solutions, leveraging AI and IoT technologies to improve inventory visibility, demand forecasting, and logistics efficiency, addressing challenges in the global retail supply chain.
Alibaba Cloud: Alibaba Cloud has launched a cloud-native e-commerce platform for retailers, providing scalable infrastructure and AI capabilities for seamless online shopping experiences, catering to the rising demand for digital retail solutions in the global market.
Google Cloud: Google Cloud has introduced retail data analytics tools powered by machine learning algorithms, empowering retailers to gain actionable insights from customer behavior data, optimize pricing strategies, and enhance product recommendations, driving revenue growth and competitive advantage in the cloud retail landscape.
IBM Cloud: IBM Cloud has unveiled blockchain-based solutions for supply chain transparency and traceability in the retail sector, enabling retailers to track product origins, ensure product authenticity, and improve trust with consumers, addressing growing concerns around product safety and sustainability in the global retail market.
Features of the Global Cloud Retail Market
Market Size Estimates: Cloud retail market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Cloud retail market size by type, application, and region in terms of value ($B).
Regional Analysis: Cloud retail market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the cloud retail market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cloud retail market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the cloud retail market size?
Answer: The global cloud retail market is expected to reach an estimated $111.6 billion by 2030.
Q2. What is the growth forecast for cloud retail market?
Answer: The global cloud retail market is expected to grow with a CAGR of 17.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the cloud retail market?
Answer: The major drivers for this market are growing adoption of multi-cloud architecture, rising emphasis on the omni-channel user experience, and increase in online retail activities.
Q4. What are the major segments for cloud retail market?
Answer: The future of the cloud retail market looks promising with opportunities in the small & midsize enterprise and large enterprise markets.
Q5. Who are the key cloud retail market companies?
Answer: Some of the key cloud retail companies are as follows:
• Oracle
• Cisco Systems
• SAP SE
• International Business Machines
• Microsoft
• Computer Sciences
• Fujitsu Limited
• Infor
• Epicor Software
• JDA Software Group
Q6. Which cloud retail market segment will be the largest in future?
Answer: Lucintel forecasts that software as a service is expected to witness the highest growth over the forecast period.
Q7. In cloud retail market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the cloud retail market by type (software as a service, platform as a service, and infrastructure as a service), application (small & midsize enterprises , large enterprise, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Cloud Retail Market Market, Cloud Retail Market Market Size, Cloud Retail Market Market Growth, Cloud Retail Market Market Analysis, Cloud Retail Market Market Report, Cloud Retail Market Market Share, Cloud Retail Market Market Trends, Cloud Retail Market Market Forecast, Cloud Retail Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.