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Cloud Computing in the Retail Industry

Every industry is undergoing a digital transformation in this day and age, and retail is no exception to this. Cloud computing is an integral component of digital advancements and is proving to be a promising aspect for the retail industry's IT requirements. Cloud computing not only helps widen customer base due to its vast expanse but many cloud-native applications also help in retaining these customers. Living up to the phrase "customer is king", cloud computing makes retail a highly customer-centric industry and provides several advantages to retailers as well. The infographic talks about the driving forces of cloud adoption in the global retail market and some of the benefits of this adoption.

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Cloud Computing in the Retail Industry

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  1. CLOUD COMPUTING IN THE RETAIL INDUSTRY EXPLAINS CLOUD COMPUTING & RETAIL As the power has shifted from retailers to customers, the retail industry has to undergo a digital transformation. Cloud migration is a promising investment for retail organizations to attract and retain their customer base. MARKET DRIVERS Artificial Intelligence Multi-Channel Retailing GLOBAL RETAIL CLOUD MARKET Growing at a of between the time period 2019-2025, the market size is predicted to reach     by 2020. Retail 10% Retail Trade comprises 10% of North American GDP making the region the largest market for cloud services' adoption. Other Drivers for North American GDP 90% Asia Pacific is the fastest growing market and the developing economies of this region are driving growth! IMPACT OF CLOUD COMPUTING IN RETAIL Cloud computing is the path for retail moving forward. The opportunities that cloud brings to the industry not only helps increase consumer demand but also keep up with it. Here are some advantages that the retail industry will reap: DATA DRIVEN DECISIONS HIGHER VISIBILITY COST EFFICIENCY UNIFIED COMPUTING EASY INVENTORY MANAGEMENT Customer centric services are enhanced through the means of cloud migration in retail organizations. Opening up new avenues in their business, retailers gain a competitive edge in the market! Resources: https://medium.com/@walkingtreetech/cloud-computing-revolutionizing- the-retail-industry-c4807b6f5cda https://www.mordorintelligence.com/industry-reports/retail-cloud-market https://www.fortunebusinessinsights.com/industry-reports/retail-cloud- market-101599

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