As the retail industry undergoes tremendous change, the increased volume of data needed for crucial decision-making has prompted growing demand for the cloud in the retail market. According to Mordor Intelligence, the retail cloud market was valued at $17.09 billion (USD) in 2018, and it is anticipated to register a CAGR of 17.7% over the forecast period of 2019 to 2024.
This new partnership addresses the future growth in the retail cloud market, where Toshiba will utilize the CyberaONE™ Solution, the Cybera® cloud-based managed application network and security services platform, to deliver TCx™ Elevate securely and virtually from the cloud. The CyberaONE Solution delivers everything Toshiba will need to securely connect to the cloud, including embedded security, dynamic routing for business-critical applications, and integrated wireless failover capabilities.
Hubert da Costa, SVP and GM of Europe and Asia Pacific Operations at Cybera, said: “In the fast-moving, ever-evolving world of retail, organizations need to do more and go faster—and that’s simply just to maintain the status quo. This new partnership will enable Toshiba to continue innovating and help its retail customers deliver an engaging and fulfilling experience.”
Vikrant Bhalla, Sales Director for Growth Markets at Toshiba Commerce, said: “Retailers today are looking to redefine themselves. Toshiba’s mission is to work with retailers to achieve brilliant commerce experiences by deploying new capabilities that meet the changing needs of their business over time. This partnership with Cybera allows Toshiba to realize an important step in our retailer customers’ digital transformation journeys—journeys that will enable them to preserve the legacy environments they have created, but also to innovate more rapidly for the future.”