Retail Cloud Market Size to Reach $114.9 Billion by 2028
The retail cloud market size is expected to grow from USD 47.0 billion in 2023 to USD 114.9 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period.
The growing need for enhancing online shopping experience, increase in adoption of SaaS solutions, and surge in demand for hybrid cloud solutions with the adoption of remote working has driven the market growth.
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Rapid adoption of smartphones in Retail drives the global Retail Cloud Industry!!
Cloud computing is on-demand, internet-based computing. In the retail cloud environment, retail organizations and retailers can move their business applications and infrastructure resources to the different service architectures of cloud such as Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS) to gain advantage in terms of speed and agility.
The Retail...