Retail Cloud Market

Top Companies in Retail Cloud Industry - AWS (US), Microsoft (US), Google (US) | MarketsandMarkets

The retail cloud market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period, to reach USD 114.9 billion by 2028 from USD 47.0 billion in 2023. The advent of IoT in retail sector and adoption of new retail technologies to integrate online and offline shopping experiences is expected to drive the growth of the global retail cloud market.

Top Retail Cloud Companies include

  • AWS (US)
  • Microsoft (US)
  • Google (US)
  • Oracle (US)
  • Salesforce (US) and many more....

Major cloud providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform are all strong options for retail businesses. These giants offer a wide range of services including Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) to address various retail needs. Additionally, companies like Oracle, SAP, and IBM cater to the retail cloud space with industry-specific solutions.

To know about the assumptions considered for the study download the pdf brochure

AWS is one of the leading players in the global retail cloud market. The company provides various benefits to retailers, such as scalability, data analytics, cost-effectiveness, and data security. AWS also offers a variety of machine learning tools and services that can help retailers automate and optimize operations. Retailers can use AWS Personalize to create personalized recommendations for their customers or use Amazon SageMaker to build and deploy custom machine-learning models. In addition, AWS provides a range of services, such as Elastic Load Balancing, Amazon Route 53, and Amazon CloudFront, that enable customers to distribute their applications and content across multiple regions and availability zones, further improving their availability and fault tolerance.

Microsoft is one of the leading companies that develops, manufactures, supports, and sells a range of software products and services. The company provides various solutions for cloud, mobility, and productivity. Microsoft’s major cloud offerings include SaaS (Microsoft Dynamics Online [Enterprise Resource Planning (ERP) + CRM] and O365 Online) and IaaS and PaaS (Microsoft Azure [compute, integration, and networking]). It offers Microsoft Azure, which is a widely adopted cloud platform. It also offers Microsoft consulting services that provide organizations advisory for digital transformation. In the retail cloud market, the company offers Microsoft Dynamic 365. This solution is designed to help retailers manage their entire operation, from supply chain and inventory management to point of sale (POS) and customer service.Dynamics 365 for Retail provides retailers with a comprehensive set of tools and features to manage their operations, including inventory management, product information management, order management, and customer engagement. It also offers advanced analytics and reporting capabilities to help retailers make informed business decisions.

Google, founded in 1998 by Larry Page and Sergey Brin, is a multinational technology company headquartered in Mountain View, California. Renowned primarily for its search engine, Google has diversified into various technology domains including cloud computing, software, and hardware. Its parent company, Alphabet Inc., was established in 2015 as part of a corporate restructuring. Google's major products and services include Android, YouTube, Google Maps, and Google Drive, and it is a leader in artificial intelligence and machine learning technologies. The company is also heavily involved in advertising through Google Ads and AdSense, making it one of the most valuable companies in the world.

Oracle Corporation, established in 1977 by Larry Ellison, Bob Miner, and Ed Oates, is a leading multinational computer technology corporation based in Austin, Texas. Oracle specializes in developing and marketing database software and technology, cloud engineered systems, and enterprise software products, particularly its own brands of database management systems. The company has expanded through numerous acquisitions, including the notable purchase of Sun Microsystems in 2010, which brought Java and Solaris into its portfolio. Oracle's cloud services and solutions are widely used in various industries to manage and analyze data, supporting its position as a pivotal player in the enterprise software market.

Salesforce, founded by Marc Benioff, Parker Harris, Dave Moellenhoff, and Frank Dominguez in 1999, is a leading cloud-based software company headquartered in San Francisco, California. The company is best known for its Customer Relationship Management (CRM) system, which helps businesses manage customer interactions, sales processes, and marketing campaigns. Salesforce's platform also includes a wide range of enterprise applications focused on customer service, marketing automation, analytics, and application development. Known for pioneering the software-as-a-service (SaaS) model, Salesforce has grown rapidly, acquiring numerous companies to enhance its services and expanding its influence in the tech industry.

Related Reports:

Retail Cloud Market by Component (Solutions and Services), Service Model (SaaS, PaaS, and IaaS), Deployment Model (Public, Private, and Hybrid Cloud), Organization Size (SMEs and Large Enterprises) and Region - Global Forecast to 2028

Retail Cloud Market Size,  Share & Growth Report
Report Code
TC 4989
RI Published ON
5/10/2023
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