Retail Cloud Market Size Poised To Reach USD 167.82 Billion By 2030
San Francisco, 28 March 2024: The Report Retail Cloud Market Size, Share & Trends Analysis Report By Component (Customer Management), By Service Model Type (SaaS, IaaS, PaaS), By Deployment, By Organization Size, By Region, And Segment Forecasts, 2024 - 2030 The global retail cloud market is anticipated to reach USD 167.82 billion by 2030 and is expected to expand at a CAGR of 18.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Cloud computing significantly impacts the retail industry; it drives innovation through improved inventory management, allowing real-time tracking, identifying stock shortages, and optimizing supply chains, resulting in better customer service, increased sales, and cost reduction. Moreover, cloud-based solutions enable retailers to collect and analyze customer data, delivering personalized recommendations and offers, fostering stronger customer relationships and higher sales. Additionally, retailers can create new sales channel