|By Business Wire||
|August 21, 2014 09:36 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/3mhfqq/global_retail) has announced the addition of the "Global Retail Industry IT Spending Market 2014-2018" report to their offering.
The analysts forecast the Global Retail IT Spending market will grow at a CAGR of 4.10 percent over the period 2013-2018.
Cloud computing refers to accessing resources operated by a third-party provider. With minimal upfront investment, cloud computing provides a pay-per-use billing model. Currently, cloud computing is the buzzword in the Technology sector, especially with the majority of large retailers viewing cloud computing as a priority, while a few others are have already adopted it or have funds in place for its adoption.
According to the report the growth of the Global Retail Industry IT Spending market is driven by several factors. The increased demand for improved customer interaction is one of the major drivers. Retailers spend a considerable amount on IT solutions to provide customers with various facilities that enable them to manage their activities conveniently, regardless of their location. Another important driver is technological differentiation because of intense competition.
Further, the report states the global Retail Industry IT Spending market is facing some serious challenges. One of the key challenges is the lack of data security in IT systems; retailers are struggling to provide customers with a secure platform for transactions. Another major challenge in this market is faltering economic growth in developed countries.
The report also includes a discussion of the other vendors operating in this market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The Global Retail IT Spending market is categorized in three different segments:
- Cisco Systems Inc.
- Dell Inc.
- IBM Corp.
- Hewlett-Packard Co.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the Key Market Trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
For more information visit http://www.researchandmarkets.com/research/3mhfqq/global_retail
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