Research and Markets (http://www.researchandmarkets.com/research/c83z6f/global_retail)
has announced the addition of the "Global
Retail Industry IT Spending Market 2012-2016" report to their
One of the key factors contributing to this market growth is the growing
need to adopt customer-centric technology. The Global Retail Industry IT
Spending market has also been witnessing an increased adoption of cloud
services. However, data security concerns could pose a challenge to the
growth of this market.
The key vendors dominating this market space include Cisco Systems Inc.,
Dell Inc., Hewlett-Packard Co., and IBM Corp.
The other vendors mentioned in the report are Amazon.Com Inc., Arcplan
Inc., Bitam Software, Commerce Solutions, Chain Drive, Comcash, Cybex
Systems Inc., eBay Inc., ECR Software Corp., Epicor, Fujitsu Ltd.,
Genisis Software Systems, Informatica Corp., Intuit Inc., JDA Software
Group, JDS Solutions, Magstar, Microsoft Corp., MICROS Systems,
MicroStrategy, NCR, Oracle Corp., PayPal, PCMS, Pinnacle Cart,
RedPrairie Pvt. Ltd., Retail Information Systems, Retail Pro
International LLC, SAS, SYSPRO Tech India Pvt. Ltd., Tableau Software,
TIBCO Software Inc., and UTC Retail Inc.
Commenting on the report, an analyst from the team said: Cloud computing
is all about accessing computing 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 buzz word
in the Technology sector, especially with a majority of the large
retailers viewing cloud computing as a priority, while a few others
having already adopted it or having funds in place for its adoption. As
a result of this increased awareness among retailers, service providers
are increasingly looking at developing the existing cloud computing
services. Moreover, further advancements in cloud computing technology
could help address data security and management issues.
Thus, the increased use of cloud services by retailers is expected to
have a positive impact on the Global Retail Industry IT Spending market.
For more information visit http://www.researchandmarkets.com/research/c83z6f/global_retail
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