The Global Retail Industry IT Spending Market to Grow At A CAGR Of 4.88 Percent Over the Period 2012-2016

Oct 31, 2013, 08:16 ET from Research and Markets

DUBLIN, October 31, 2013 /PRNewswire/ --

Research and Markets ( has announced the addition of the "Global Retail Industry IT Spending Market 2012-2016" report to their offering.

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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.

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