The use of cloud computing technology in the retail sector is termed as cloud retail. The services and solutions such as real time inventory management, demand management, and real-time data from point of sale are included in the cloud retail.
Growth in trend of customized services to the customer such as availability of specialized products on demand, cost reduction, better management of the delivery network, loss prevention, and easiness of interaction with customers create the need for adoption of cloud retail. Possible downtime, security of the data, and cost of the usage are primary deterrents of the cloud retail market.
Rapid adaption of the smart and mobile devices, cost-effective benefits of cloud products in retail, and growth in demand for digital services drive the growth in the global cloud retail market. The rise in concern regarding data security and privacy, high dependency on IT infrastructure, and high capital investment are some of the restraints of the market.
In addition, reluctance for adoption of cloud among retailers is expected to limit the adoption of the said technology. The growth in popularity of hybrid cloud technology, use of analytics in retail, and increase in adoption of Internet of Things (IoT) create abundant opportunities in the market.
The cloud retail market is led by big international players and small emerging players. The vendor with implementation of technological innovation along with better cost of services will dominate the CDN market.
Oracle launched cloud suit for the retailers on January 2016 with better retails solution experience.
The market is segmented based on product type, service model, organization size, deployment model, and geographic landscape. Based on product type, it is bifurcated into solution and service.
The service model segment is further divided into software-as-a-service, platform-as-a-service, and infrastructure-as-a-service. Based on organization size, it is classified into large and small & medium organization.
The deployment model is categorized into public, private, and hybrid cloud. The market segmentation on the basis of geography includes North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive analysis and profiles of the major market players such as Cisco Systems, Inc., Oracle Corporation, IBM Corporation, SAP SE, Microsoft Corporation, Computer Sciences Corporation, Fujitsu Limited, Infor, Inc., Epicor Software Corporation, and JDA Software Group, Inc. are also provided in this report.
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