Global Retail System Integrators Market Size, Trends & Analysis with COVID-19 Impact - Forecasts To 2026 By Component (Software, Services [Testing Services, Managed Services, Consulting]), By Deployment Mode (On-Premises, Cloud-Based), By Enterprise (Large Enterprises, Medium Enterprises, Small Enterprises), By Region (North America, Europe, Asia-Pacific, Rest of the World); Company Market Share Analysis & Competitor Analysis
Retail System Integrators Market: Insights
The global retail system integrators market will witness substantial growth over the coming years [2020-2026]. The retail system integrator technology is a software that can configure, implement, integrate, and update retail operating applications. Retail framework integration is where numerous frameworks are associated with a common platform. This technology helps to identify data on a real-time basis. The growing technology along with the digitalization of the business processes encouraged various companies to adopt to economical information technology solutions. The growing implementation of cloud-based technologies and virtual technologies are boosting the market growth for retail system integrators. Retail system integrators guide organizations for critical decision makings. Growing demand for automation and cloud computing technologies are also propelling market growth between the forecast period.
Retail System Integrators Market: By Deployment
By the study of deployment, the global retail system integrators market is bifurcated into cloud-based deployment and on-premises. The cloud-based segment will propel at a high growth rate in the global retail system integrators market between the forecast period. The increasing investments and growing trend of the internet of things across the retail sector are boosting the market growth. Cloud-based deployment offers many benefits such as reduce IT costs, collaboration efficiency, high level of scalability, and work flexibility among others.
Retail System Integrators Market: By Enterprises
By the enterprise, this market is segregated into three parts namely; large enterprises, medium enterprises, and small enterprises. The large enterprise segment will drive to generate high revenue between the forecast period. This is due to the increasing adoption of low-cost, energy-efficient production processes in large enterprises. The growing safety and security challenges among end-users also propelling the market growth. The rising government support in the retail sector also driving the demand for retail system integrators.
Retail System Integrators Market: By Component
Based on the study of components, the market is explained into two segments namely software and services. The service fragment will be the most elevated income generator over the estimated time frame. The counseling fragment of administrations will involve the most noteworthy piece of the pie in the market. Consulting services involved in offering business transformation services, application lifecycle management, and business process integration services and among others.
Retail System Integrators Market: By Region
The North American region will generate huge revenue in the market. The growing investments and favorable government support for the adoption of innovative solutions in the retail sector are driving the market growth in the North America region. The presence of key vendors involved in developing retail system integrators including IBM, Retail Process Engineering (RPE), and Cognizant, among others, are supporting the market growth. The presence of giant retail players such as Amazon, Walmart, The Kroger Co, and Costco among others are also supporting the demand for retail system integrators in the region. The Asia-Pacific region will show upward trends in the market between the forecast period. The adoption of automation technologies in the retail companies along with the increasing investments is propelling the market growth.
Retail System Integrators Market Share & Competitor Analysis
Some of the key players operating in the Retail System Integrators are Retail Process Engineering (RPE), IBM, Accenture, Capgemini, Cognizant, Deloitte, HCL Technologies, Javelin Group, Altec, Logic Info, Avanceon, and Gartner among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Retail System Integrators Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Retail System Integrators Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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