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Cloud retail, also known as cloud-based retail, retail as a service, or RaaS, is the use of cloud computing technologies and services to support different aspects of retail business. The global cloud retail industry generated $40.8 billion in 2022 and is anticipated to generate $216.2 billion by 2032, witnessing a CAGR of 18.3% from 2023 to 2032. Factors such as the rise in the adoption of multi-cloud architecture, the increase in focus on the omnichannel experience, and the cost-effective benefits of cloud products in retail are expected to fuel the market growth during the forecast period. North America held the highest market share in 2022, accounting for nearly two-fifths of the global cloud retail market revenue.