TechNavio recognizes the following companies as the key players in the Global Retail Industry IT Spending Market: Cisco Systems Inc., Dell Inc., Hewlett-Packard Co., and IBM Corp.
Commenting on the report, an analyst from TechNavio’s 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.”
According to the report, one of the major drivers is the increasing demand for improved customer interaction. Retailers spend a considerable amount on IT to provide customers with various facilities that enable them to manage their activities conveniently, regardless of their location.
Further, the report states that one of the key challenges is the lack of data security in IT systems; retailers are still struggling to provide customers with a secure platform for transactions.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Amazon.Com Inc., Arcplan Inc., Bitam, CAM Commerce Solutions, Chain Drive, Comcash, Cybex Systems Inc., eBay Inc., ECR Software Corp., Epicor, Fujitsu Ltd., Genesis 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, Retail Information Systems, Retail Pro International LLC, SAS, SYSPRO, Tableau Software, TIBCO Software Inc., and UTC Retail Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-retail-industry-it-spending-mark…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/others
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TechNavio Announces the Publication of its Research Report – Global Retail Industry IT Spending Market 2012-2016
