2012-12-12 04:12:17 - Global Network Management Services Market in Retail Industry 2008-2012 - a new market research report on companiesandmarkets.com
Network Management Services include services such as managed frame relay, managed wide area network, managed converged voice/data networks, network traffic management, etc.
The retail Industry comprises individuals or companies engaged in the business of selling finished goods to the customers. These finished goods reach customers through various sales channels which include catalog stores, brick & mortar stores, e-commerce or online channels, etc. The industry is categorized as per various types of products retailed, types of retail formats, etc.
Even though the retail industry promises to be one of the growth drivers for the global economy in the long term, the industry´s profits are currently affected by the recession. Thus, the retailers are looking forward to expand their markets on global level, align
business strategy according to the customer needs and build operations around the business strategy. In short, the retail companies are building customer centric business models. However, with the changing times, classification of customers is becoming difficult due to diverse behaviors displayed by them. This is leading to an increase in penetration of technology in the retail sector. The retail companies are adopting new technologies to increase & analyze their customers, operations and market.
In the retail industry, network management services improve operational efficiency and organizational intelligence. Thus, network management services are instrumental for enhancing customer satisfaction.
Recently, customers´ adoption of online sales channel for retail purchase has witnessed a higher growth rate. Among others, current economic recession is one of the major drivers for this growth. Online purchase is considered to provide better deals to the customers. Also, it provides ease of shopping without the need of visiting the store. Further, online shopping channels provide product details along with comparison among similar products. The customers can read reviews of other customers and gain good discounts in the online deal. Thus, retailers such as Wal-Mart and Home depot are strengthening their e-commerce efforts.
The report forecasts the market size of the global network management services in the retail sector over the period 2008-2012. Further, the report discusses about the segmentation of the total network management services market into various geographic regions. It also identifies the market trends existing for network management services in the retail industry and the drivers, and highlights the market challenges for network management services in the retail industry.
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