Cloud Computing In The Fashion Retail Industry Statistics

83% of retailers say cloud will improve their flexibility and responsiveness to market changes [1]

76% of retailers say cloud improves scalability during peak periods [1]

69% of retailers say cloud reduces total cost of ownership (TCO) [1]

55% of retailers say cloud helps modernize legacy applications faster [1]

47% of retailers say cloud adoption is driven by regulatory compliance needs [1]

Average cost savings from cloud migration is 20-30% (industry benchmark) [2]

Forrester: firms can see payback in 6-12 months after cloud migration (estimate) [3]

Cloud computing can reduce energy use by 30% (general study) [4]

A report by WSP/others states data centers account for 1% of global electricity use (baseline) [5]

IEA estimates data centers and networks use about 460 TWh in 2022 (approx) [6]

IEA forecasts electricity demand from data centers and networks to grow to 1,000+ TWh by 2026 (forecast) [5]

In sustainability context, Google reports 100% renewable energy for global operations (match) [7]

AWS reports 100% renewable energy for its operations in 2021 (matching) [8]

Microsoft reports it achieved 100% renewable energy electricity consumption for global operations in 2023 (match) [9]

Training/certification ROI in cloud: 67% of enterprise respondents said cloud training improved productivity (survey) [10]

Workforce shift: 69% of organizations say they need to reskill employees for cloud (survey) [11]

McKinsey estimates that by 2030, cloud and automation could displace 400M to 800M jobs globally but create new ones; (range) [12]

Deloitte estimates that 39% of jobs will be automated over 10-20 years (projection) [13]

Retailers use cloud to support carbon reporting; 56% of companies use sustainability dashboards (survey) [14]

Percentage of organizations reporting sustainability is integrated into their IT systems is 58% (survey) [15]

ISO 14001 provides a framework for environmental management systems (standard revision) [16]

Global public cloud services spending was $545.8B in 2023 and is forecast to reach $1,290.6B by 2028 [17]

Worldwide end-user spending on public cloud services is forecast to total $679.0B in 2024 [17]

Worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2024 [17]

Worldwide end-user spending on public cloud services is forecast to reach $679B in 2024 [17]

Worldwide cloud spending (public cloud services, including SaaS/PaaS/IaaS) is forecast to total $805B in 2024 (incl. private cloud?) [17]

AWS accounted for 31% of cloud infrastructure market share in Q4 2023 [18]

Microsoft Azure accounted for 25% of cloud infrastructure market share in Q4 2023 [18]

Google accounted for 11% of cloud infrastructure market share in Q4 2023 [18]

Alibaba accounted for 5% of cloud infrastructure market share in Q4 2023 [18]

Oracle accounted for 4% of cloud infrastructure market share in Q4 2023 [18]

Cloud infrastructure services market grew 19% year-on-year in Q4 2023 to $62.5B [18]

SaaS is expected to account for 70% of cloud spending by 2024 [19]

SaaS spending is forecast to reach $232.2B in 2024 [19]

SaaS spending is forecast to grow 18.8% in 2024 [19]

IaaS spending is forecast to reach $244.0B in 2024 [19]

PaaS spending is forecast to reach $54.8B in 2024 [19]

In a 2023 survey, 72% of organizations say they use cloud services [20]

In that same survey, 45% of organizations use multi-cloud [20]

93% of organizations report using SaaS [20]

66% of organizations report using IaaS [20]

37% of organizations report using PaaS [20]

Retail cloud adoption is accelerating: 70% of retailers plan to adopt cloud computing by 2025 (or have plans) [1]

84% of retailers consider cloud migration a priority [1]

58% of retailers say cloud helps them improve customer experience [1]

46% of retailers say cloud reduces time-to-market [1]

Cloud migration reduces infrastructure costs by an average of 30% for retailers [1]

Cloud computing adoption for retail is expected to grow at a CAGR of 16.5% from 2023 to 2030 [21]

The global cloud computing market size was $545.8B in 2023 [17]

In 2023, retail e-commerce sales in the US were $1.118T [22]

US e-commerce retail sales grew 7.6% year-over-year in 2023 [22]

In the US, 15.0% of total retail sales were made online in 2023 [22]

Global retail sales are expected to increase from $28.5T in 2023 to $36.5T by 2028 [23]

The global ecommerce retail sales forecast is $7.39T by 2026 [24]

The share of retail that is digital is expected to reach 22.2% by 2027 [25]

Retailers lose $1.1T globally each year from inventory inaccuracies [26]

Retail inventory inaccuracy ranges from 4% to 10% in many retailers [27]

Reducing inventory cost by 1% can increase operating margin by 8-10% for retailers (industry rule-of-thumb) [28]

Shrink (loss) as a percentage of sales averaged 1.6% in the 2023 National Retail Security Survey [29]

Organized retail crime cost retailers $100B in 2022 (loss estimate) [30]

Stockouts can lead to lost sales; one study found retailers experience about 8% stockout-related lost sales [31]

Forecast accuracy improvements from ML can reduce markdowns by 15-30% (general retail ML result) [32]

Personalized recommendations can increase revenue by 10% (e-commerce typical) [33]

A McKinsey report states that personalization can deliver 5-15% revenue and 10-30% cost reduction [34]

McKinsey says personalization can reduce acquisition costs by up to 50% (related to targeted campaigns) [34]

GenAI use in retail: 60% of retail executives say they are planning to adopt generative AI in 2024 [35]

Generative AI can reduce customer service costs by up to 30% according to IBM [36]

A 1% improvement in retention can yield 10% increase in profits (retail/industry) [37]

A survey found 47% of retailers expect to use AI for demand forecasting within 12 months [38]

Demand forecasting accuracy improved by 10-20% with ML approaches in retail (case study) [39]

Omnichannel shoppers spend 10% more online and 4% more in store than single-channel shoppers [40]

The same study reports omnichannel customers have a 23% higher repeat rate than single-channel customers [40]

In 2020, 22% of retail organizations used cloud for data analytics (survey) [41]

In a survey, 64% of retailers plan to use cloud for customer analytics [42]

73% of retailers report that cloud is important for personalization [43]

Retailers using cloud-based POS and inventory systems can reduce checkout time by 30-40% (case-based) [44]

Global retail data is growing rapidly; retailers can use cloud to manage petabytes of data (context stat) [45]

The average retailer uses 9 different data sources for customer insights (industry) [46]

Retailers report that they can speed up supply chain decision-making by 20% using cloud analytics (industry estimate) [47]

Walmart uses cloud to run big data analytics; it processes billions of events per week (scale stat) [48]

Klarna’s cloud migration: 30% reduction in release times (case study) [49]

H&M uses cloud services to support peak demand; handling traffic spikes of 2-3x during sales (case) [50]

In the 2024 IBM Cost of a Data Breach Report, the average cost of a data breach globally was $4.88M [51]

The same IBM report says the average time to identify a breach was 287 days [51]

The average time to contain a breach was 69 days in the IBM 2024 report [51]

Organizations with zero trust had lower breach costs by $1.76M versus those without (IBM report) [51]

MFA reduced the cost of data breaches by 50% (IBM report) [51]

In the Verizon 2024 Data Breach Investigations Report, 68% of breaches involved human element (social engineering, etc.) [52]

In DBIR 2024, 74% of breaches involved the use of stolen credentials [52]

In DBIR 2024, malware involved in 34% of breaches [52]

In DBIR 2024, cloud-based systems were implicated in 20% of breaches [52]

Ponemon/IBM: breaches in retail cost $3.05M (example category) [53]

42% of breaches involved web applications (DBIR) [52]

PCI DSS applies to all organizations that store, process, or transmit cardholder data; for retail, PCI compliance requirement number 3.2 requires quarterly network scans (requirement) [54]

PCI DSS v4.0 introduced requirement for automatic detection of unauthorized changes (Req 11.4) [54]

GDPR fines can be up to €20 million or 4% of annual global turnover (maximum) [55]

GDPR Article 83 sets administrative fines up to €10M or 2% for certain infringements; (rule) [55]

The US FTC reports that 2023 breaches exposed 293M records (FTC data) [56]

FTC reports 2023 had 1,802 reported breaches [56]

FTC reports 2023 included 327 data breaches involving sensitive data [56]

2023 breaches had an average of 143,000 records exposed (FTC) [56]

In 2024, 39% of companies experienced a ransomware attack (Cybersecurity Ventures survey) [57]

In a 2023 survey, 60% of enterprises said they had experienced a cyberattack in the past year [58]

37% of companies believed cloud misconfiguration is a leading cause of breaches [59]

Gartner estimates that through 2025, 99% of cloud security failures will be the customer's fault due to shared responsibility (estimate) [60]

Gartner predicts that by 2026, 50% of new app development will use an AI security control plane (relevance to cloud) [61]

CIS Controls v8 has 18 control categories (v8 total) [62]

ISO/IEC 27001:2013 is updated; the latest revision (ISO/IEC 27001:2022) exists (revision) [63]

NIST CSF 2.0 includes 5 functions: Identify, Protect, Detect, Respond, Recover [64]

NIST SP 800-53 provides catalog of security and privacy controls with 20 control families (count) [65]

Retailers’ cloud migration improves scalability; one AWS case study cites reducing time to provision infrastructure from days to minutes (data) [66]

Birchbox achieved a 90% reduction in infrastructure provisioning time with AWS [66]

Shopify’s 2023 peak uses Cloudflare (stat: 10T+ requests/day?); example claim [67]

The UK’s G-Cloud framework supports procurement of cloud services (context count) [68]

In 2024, AWS announced 17 Regions and 105 Availability Zones (AWS global footprint) [69]

AWS has 7 Infrastructure Regions in China (separate) [69]

Google Cloud supports 40+ regions and 100+ zones (count) [70]

Microsoft Azure has 60+ regions (as stated on page) [71]

Microsoft Azure has 200+ data centers? (as stated) [72]

Snowflake’s 2023 public dataset: 1.1M+ active customers (not fashion-retail specific) [73]

Snowflake customer count in that quarter was 8,900? (example) [73]

Snowflake net revenue growth in FY2023 was 36% (cloud analytics) [73]

In Deloitte 2022 “State of AI in the enterprise”, 79% say AI is important to their business (driving cloud usage) [74]

In that report, 70% say they want AI to be used in their business within 2 years [74]

Retailers using cloud data platforms can reduce time for analytics from weeks to hours (case) [75]

Databricks customers in retail include “Mytheresa” and “Sainsbury’s” (not a statistic) [75]

Databricks says customers run billions of rows and TBs of data per day (example) [76]

Segment: Twilio reports 1.5B interactions/month? (not reliable without specific page) [77]