Wipro Limited, a technology services and consulting company, declared new retail solutions built on the Microsoft Cloud and Cloud for Retail and a new Retail Innovation Experience in Mountain View, California. This physical, virtual, and hybrid Experience would deepen collaboration between Microsoft and Wipro to accelerate the delivery of new solutions that would enable retailers to grow their business and build stronger customer relationships.
Snowflake, the Data Cloud company, declared the introduction of the Retail Data Cloud, which primarily unites Snowflake- and partner-delivered solutions, Snowflake's data platform, and industry-specific datasets. The Retail Data Cloud mainly empowers manufacturers, retailers, consumer packaged goods (CPG) vendors, distributors, and industry technology providers to leverage their data, access new data, and seamlessly collaborate across the entire retail industry.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5292
Published Date: Oct 05, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rise of e-commerce and increasing adoption of cloud computing among retailers are the major factors driving the growth of the retail cloud market.
The market size of retail cloud is anticipated to attain a CAGR of 23% over the forecast period, i.e., 2024 - 2036.
The major players in the market are Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Accenture, Cognizant, Google LLC, Amazon Web Services, Inc., Wipro Limited, Snowflake Inc., and others.
The SaaS segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.