"The
Report Global Retail IT Spending market 2016-2020 provides
information on pricing, market analysis, shares, forecast, and
company profiles for key industry participants. -
MarketResearchReports.biz"
A
report recently added to the vast repository of
MarketResearchReports.biz states that the global retail IT spending
market is anticipated to expand at a CAGR of almost 4.0% from 2016 to
2020. The report is titled “Global
Retail IT Spending Market 2016-2020”
and indicates that the growing need to gain customer insights from a
massive data pool is the key factor driving the global market.
The
research publication also sheds light on the contribution of SMAC
(social, mobile, analytics, and cloud) technology towards the growth
of the retail IT spending market. The need to improve customer
satisfaction has grown drastically in recent years, forcing retailers
to focus on key aspects such as local customer demand, product
assortment for the right store, product preference, and store
attributes.
On
the basis of product, the retail IT spending market is segmented into
software, hardware, and IT services. Accounting for 35.0% of the
overall market in 2015, IT services emerged as the leading segment.
Increased demand from the e-commerce sector is projected to push this
segment to expand at the highest CAGR by 2019.
On
the basis of geography, the global retail IT spending market is
segregated into Asia Pacific, the Americas, and Europe, the Middle
East, and Africa. North America surpassed the retail software market
in BRIC countries in 2015, emerging as the leader in the global
retail IT spending market. Driven by increasing investments in
omnichannel integrations, payment systems, and data security, and the
proliferation of mobile engagement, this regional market is
anticipated to expand at a CAGR of over 5.0% during the forecast
period.
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Sample copy of this Report at:
An
examination of the vendor landscape of the retail IT spending market
reveals that the entry of several new players within the global
market has resulted in intense competition. In addition to growing
demand from end users, the retail IT spending market is also
witnessing several remarkable innovations. Moreover, thanks to
advanced computing capabilities and evolution of retail solutions,
productivity and efficiency has improved. Players within the retail
IT spending market have been focusing on effective promotional and
marketing strategies to keep up with rising customer demand for
quality products.
View
Press Release at:
http://www.marketresearchreports.biz/pressrelease/255
The
most prominent players operating in the global retail IT spending
market include International Business Machines Corporation, Hewlett
Packard Enterprise, Cisco Systems, Inc., and Dell Inc. These
companies are studied in terms of business segmentation, geographical
segmentation, and revenue. Other key companies involved in the retail
IT spending market are Magstar, TIBCO Software, MicroStrategy,
RedPrairie, Microsoft, SAS, Epicor, Fujitsu, Genesis Software
Systems, Cybex Systems, ECR Software, NCR, Bitam, Chain Drive,
Comcash, Oracle, eBay, UTC Retail, PayPal, JDS Solutions, Retail Pro
International, SYSPRO, JDA Software Group, Tableau Software, PCMS,
Amazon.com, MICROS Systems, Arcplan, Retail Information Systems, CAM
Commerce Solutions, Intuit, Informatica, and Pinnacle Cart.
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