Cloud Computing In Retail Business
Retail Cloud Computing Infographic
As power shifted from retailers to customers, retail must undergo a digital transformation. Cloud migration is a promising investment for retail businesses to attract and retain their customer base. With a CAGR of 17.7% between the 2019-2025 period, the market size is expected to reach $ 20.11 billion by 2020.
Retail accounts for 10% of North American GDP. This makes the region the largest market for the introduction of cloud services. The Asia-Pacific region is the fastest growing market and developing countries in the region are driving growth.
Effects of cloud computing in retail
Cloud computing is the way for retail. The opportunities that the cloud offers the industry not only help drive consumer demand, but also keep pace with it. Here are some benefits retail will see:
- Data-driven decisions
- Greater visibility
- Cost efficiency
- Unified computing
- Simple inventory management
Customer-centric services are enhanced by cloud migration in retail businesses. Retailers are breaking new ground in their business and gaining a competitive advantage in the marketplace.