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New study: Global retail cloud market is expected to grow at a CAGR of 20.92% by the year 2024

New study: Global retail cloud market is expected to grow at a CAGR of 20.92% by the year 2024

The Report “Global Retail Cloud Market – Size, Outlook, Trends and Forecast (2018 – 2024)”. Factors which are involved in the growth of Retail Cloud market include increasing demand for cloud based solution and services, increased adoption of smartphones, tablets and digital business transactions.

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Global Retail Cloud Market is expected to reach USD 28.67 Billion in 2024 from USD 11.16 Billion in 2017 at a CAGR of 20.92%. Factors which are involved in the growth of Retail Cloud market include increasing demand for cloud based solution and services, increased adoption of smartphones, tablets and digital business transactions.

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Customer Management holds the largest share in the Retail Cloud market

Based on the product type, Retail Cloud market is segmented as Customer Management, Work Force Management, Supply Chain Management and Data Security Management. Among these, Customer Management holds the highest share in the market owing to the increasing demand for customer satisfaction through efficient communication and analysing the market insights with cloud based services.

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Small and Medium scale industries hold the largest share in the market

Based on end-user application, Retail Cloud market is segmented as Small, Medium and Large scale industries. Out of these Small and Medium scale industries hold the largest share in the market owing to the advantages like flexibility, easily applicability and ease in product undertaking.

Professional services which include deployment and integrated services are expected to hold the significant shares in the market because of its low complexity and risks in the cloud based platform.

North America holds the largest share in the market in 2017

Enhancing technology and increased adoption of cloud based services has made North America dominate the retail cloud market in 2017. North America is followed by Europe.

Asia-Pacific region is anticipated to hold significant shares in the market by 2024 owing to its increased adoption of cloud based services in retail sector to create better business opportunities.

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The Crucial players in the Retail Cloud market include Oracle Corporation, Cisco Systems Inc, SAP SE, International Business Machines Corporation, and Microsoft Corporation among others.

Scope of the Report:

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin. Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

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