The global cloud retail market revenue was around US$ 48.2 billion in 2023 and is estimated to reach US$ 216.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 18.3% during the forecast period from 2024 to 2032.

Cloud retail is the part of the retail industry that includes cloud computing services and technologies that adopt and utilize them to improve aspects of retail functions. Cloud retail lets retailers utilize the advantages of cloud-based solutions to enhance efficiency, data management, scalability, customer experience, and overall business agility.

Factors Influencing Market Growth

- The key factors that propel the growth of the cloud retail market include the rise in the adoption of multi-cloud architecture and boosting the focus on the omni-channel experience.

- The cost-effective benefits of cloud products in retail are an essential factor to propel the growth of the cloud retail market.

- The rise in data security concerns and complexity is anticipated to hinder the growth of the cloud retail market.

- The rapid advancements in disruptive technologies contribute significantly to the growth of the cloud retail market.

Impact of COVID-19

The COVID-19 pandemic catalyzed the adoption of digital technologies, and many retailers adopted cloud solutions to launch or strengthen their online presence. This change permitted retailers to extend their reach to a broader customer base and stay functional during the restrictions and lockdowns. Also, with physical stores encountering closures and fixed functions, more consumers shifted to online shopping.

Regional Analysis

In 2023, North America dominated the global cloud retail market in terms of revenue and is anticipated to maintain its dominance during the forecast period. This is due to the adoption of cloud-based solutions in the retail sector in developed nations such as Canada and the U.S., as well as augmented investment in mobile and new technology in the U.S. and the rise of the e-commerce sector in the country is anticipated to play a significant role in the adoption of cloud solutions.

Leading Companies

The leading prominent companies profiled in the global cloud retail market are: -

- Oracle Corporation
- Fujitsu
- Google LLC
- Cisco Systems, Inc.
- IBM Corporation
- Microsoft Corporation
- Amazon Web Services, Inc.
- Infor Inc.
- EPICOR SOFTWARE CORPORATION
- SAP SE
- Other prominent key players

Segmentation Outline

The global cloud retail market segmentation focuses on Service Model, Solution, Deployment Model, Enterprise Size, and Region.

Segmentation based on Service Model

- Software as a Service (SaaS)
- Platform as Service (PaaS)
- Infrastructure as a Service (IaaS)

Segmentation based on Solution

- Supply Chain Management
- Customer Management
- Workforce Management
- Reporting and Analytics
- Data Security
- Others

Segmentation based on Deployment Model

- Public Cloud
- Private Cloud
- Hybrid Cloud

Segmentation based on Enterprise Size

- Large Enterprises
- Small and Medium-Sized Enterprises

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa