The Cloud storage market for retail
industry was valued at US$ 2.252 billion in 2017 and is projected to expand at
a CAGR of 22.70% over the forecast period to reach US$ 7.685 billion by 2023.
The global retail industry is widely adopting cloud computing solutions and
services. Increased smartphone users and internet penetration has led to a boom
in retail online stores and apps. Moreover, retailers are offering free Wi-Fi
in their brick and mortar (B&M) stores to target tech-savvy customers with
in-store sales offers and coupons. Growing supermarket and retail chains
worldwide is leading to the adoption of cloud computing solutions to remotely
manage all globally-located stores while reducing the cost of IT manpower.
Rising number of global online shoppers is also pushing retailers to transform
from physical storefronts to virtual stores, which is spurring the adoption of
cloud storage solutions
By solution, the cloud storage market for retail industry is segmented as primary and backup storage. The market for backup storage is expected to witness an impressive growth as enterprises continue to drift towards cloud for backing up their critical data and IT environment to ensure business continuity.
By Deployment Model
By deployment model, the cloud storage market for retail industry is segmented as public, private and hybrid cloud. Highly competitive nature of this industry is pushing the industry players towards cost reduction while ensuring data security remains to be on the forefront of their growth strategies. As a result, the adoption of public cloud among the industry players is witnessing an increase.
By services, the cloud storage market for retail industry is segmented as integration, consulting and others. All these services are provided to the customers by the cloud storage solution provider so as to help businesses to boost their productivity in an efficient manner.
By Enterprise size
By enterprise size, the cloud storage market for retail industry is segmented as large and small and medium-sized business (SMB). Small and medium sized businesses are embracing SaaS cloud model as it helps them to cut costs and responsibilities.
Geographically, the cloud storage market for retail industry is segmented as North America, Europe, Middle East & Africa, Asia-Pacific and South America. North America holds a significant share in the market owing to the small and medium sized retailers increasingly adopting cloud solutions to meet the increasing demands of the consumers.
The cloud storage market for retail industry is competitive owing to the increasing adoption of cloud storage solutions in the education sector .The key players include Amazon Web Services, Inc., Microsoft, IBM, Google, and Wanstor among others.
The cloud storage market for retail industry has been analyzed through following segments:
o Primary Storage
o Backup Storage
By Deployment Model
o Public Cloud
o Private Cloud
o Hybrid Cloud
By Enterprise Size
o SMB (Small and Medium-sized business)
Middle East and Africa
o Saudi Arabia
o Government Agencies
o Research Organizations
Key insights offered
What will be the cloud storage market for retail industry market size from 2018 to 2023?
How are the major drivers and restraints affecting the cloud storage market for retail industry market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behavior
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.