IHL: Do retailers have their heads in the clouds?
When it comes to systems infrastructure, retailers are moving in a particular direction.
According to a new study from IHL Group, “Total Retail SaaS Market,” 26% of all retail spending on software in 2016 in North America will be cloud-based. This includes 60% of retailers’ e-commerce spend and 53% of their BI/analytics and sales/marketing software spend will be on cloud-based systems.
Furthermore, cloud has risen to 30% of retailer spending on store systems, long considered a traditional software play, as retailers rush to create a Unified Commerce stack of technology. Unified Commerce is a real-time, store environment that uses a cloud-based infrastructure to lessen reliance on hardware such as fixed POS terminals.
For more information on the study, click here.