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What are the reasons for the recent expansion of the global retail cloud computing market?

What are the reasons for the recent expansion of the global retail cloud computing market?

Cloud computing allows end-users to utilize a network of remote servers hosted over the internet to store, manage, and process data instead of relying on a local server or system.

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With the emergence of cloud-based technologies, the retail industry has undergone tremendous transformation.

The number of online users has increased significantly with the advent of mobile applications. The availability of smartphones & other connected devices along with increased internet penetration has enhanced the flow of communication.

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Customers can check reviews and compare prices and various attributes of retail products with ease, thereby increasing the competition among retailers.

Cloud computing in the retail industry enables real-time access to all operational and financial data across businesses, improving effectiveness, reducing expenses, and enabling better business decisions. The key areas where cloud computing is influencing the retail industry are channel operations, merchandising and marketing, supply chain, and sales and support.

Cloud computing solutions can enhance channel operations by tracking customer preferences and engaging them more efficiently. Customer data can be analyzed with the help of cloud computing which would allow retailers to make merchandising decisions and improve the in-store experience.

Moreover, cloud computing solutions help in improving the supply chain of retailers by providing real-time analysis of stocks and inventories. Sales, service, and support functions are expected to improve as cloud-based technologies provide significant customer insights.

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Cloud offers higher scalability and optimized costs, it can be of significant importance to the retailers. As the customer data is increasing, for retailers, it is becoming unmanageable on-premise.

Today, customer data is being generated from several sources in different formats which are very difficult to manage and analyze. Increasing number of on-premise data centers is not a feasible solution as it requires higher computing power, physical space, more capital expenditure and increased costs for security, administration and management.

It is the primary reason which is driving retailers to go on cloud. When retailers go on cloud or on a third party hosted data center on vendor premise, it helps retailers in several ways.

Now retailers are not required to worry about the IT resources, servers, storages and premise. This will be managed by the third party vendor.

It also helps significantly in terms of cost optimization. All the capital expenditure which was earlier made for infrastructure for data centers and other resources can now be used for core business operating processes.

It saves a lot of time and efforts along with the money. As databases are located on third party vendors, management of these databases and infrastructure will be managed by those vendors only which are expert in it.

It implies that the downtime will be low and availability will be high. It also helps to increase the scalability in terms of data storage.

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Global Retail Cloud Computing MarketReport 2017 is a professional and in-depth research report on the world's major regional market conditions of the Retail Cloud Computing Marketindustry, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China).

The report firstly introduced the Retail Cloud Computing Marketbasics- definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes; cost structures and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth rate etc.

In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

Table of Content:-          

1 Industry Overview of Retail Cloud Computing

1.1 Definition and Specifications of Retail Cloud Computing

1.1.1 Definition of Retail Cloud Computing

1.1.2 Specifications of Retail Cloud Computing

1.2 Classification of Retail Cloud Computing

1.2.1 Type I

1.2.2 Type II

1.2.3 Type III

1.3 Applications of Retail Cloud Computing

1.4 Market Segment by Regions

1.4.1 North America

1.4.2 China

1.4.3 Europe

1.4.4 Southeast Asia

1.4.5 Japan

1.4.6 India

2 Manufacturing Cost Structure Analysis of Retail Cloud Computing Market

2.1 Raw Material and Suppliers

2.2 Manufacturing Cost Structure Analysis of Retail Cloud Computing

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