Global Retail Cloud Market to Reach $59.8 Billion by 2026

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Sep 03, 2021, 11:25 ET

SAN FRANCISCO, Sept. 3, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Retail Cloud - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: May 2021
Executive Pool: 47993
Companies: 19 - Players covered include Cisco Systems, Inc.; Computer Science Corporation; Epicor Software Corporation; Fujitsu Ltd.; IBM Corporation; Infor; JDA Software Group, Inc.; Microsoft Corporation; Oracle Corporation; Rapidscale; Retail Solutions, Inc.; Retailcloud; SAP SE; Softvision; Syntel, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Deployment Model (Public, Private, Hybrid Cloud); Service Model (SaaS, PaaS, IaaS); Type (Solution, Service)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Retail Cloud Market to Reach $59.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Retail Cloud estimated at US$19.1 Billion in the year 2020, is projected to reach a revised size of US$59.8 Billion by 2026, growing at a CAGR of 20.7% over the analysis period. Solution, one of the segments analyzed in the report, is projected to record a 19.5% CAGR and reach US$42.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Service segment is readjusted to a revised 22.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7 Billion in 2021, While China is Forecast to Reach $10.4 Billion by 2026
The Retail Cloud market in the U.S. is estimated at US$7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.4 Billion by the year 2026 trailing a CAGR of 20% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.6% and 18% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.3% CAGR. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.