Worldwide Multichannel Order Management Industry to 2026 - Retail and E-commerce is Expected to Witness Significant Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Multichannel Order Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The multichannel order management market was valued at USD 1.58 billion in 2020, at a CAGR of 10.3% during the forecast period (2021 - 2026).

Some of the major factors that are driving the market are the technological advancements related to the digital transformation going on in various industries, the increasing penetration of smartphones across the globe, increasing internet users, and the adoption of multiple sales channels by various organizations.

Companies Mentioned

• IBM Corporation
• HCL Technologies Limited
• Oracle Corporation
• Salesforce.com, Inc.
• SAP SE
• Zoho Corporation
• Brightpearl
• Linnworks
• Cloud Commerce Pro Ltd
• Freestyle Solutions, Inc.
• Sanderson
• Unicommerce eSolutions Pvt. Ltd.

Key Market Trends

Retail and E-commerce Segment is Expected to Witness Significant Growth

• The digital media has played a vital role in transforming the retail industry with its huge consumer reach. The consumers have become more preferential about when and how they want to be reached from a brand. This trend has given rise to the scenario where a product's marketing initiative and the inventory across multiple sales channels should match, thereby providing desired and consistent shopping experience to the consumer. This need for consistency and clarity in market communication and stock availability across channels is expected to drive the market forward.
• The multiple sales channel are no longer exclusive to each other. They overlap each other and can be effectively used by brands to provide enhanced brand experience to the consumers. The multichannel retailers are increasingly adopting innovative strategies primarily to cater to the rapidly changing consumer preferences and to be able to efficiently handle the huge orders of multichannel retailing.
• With the rapid growth of the online market, retailers nowadays are adopting innovative technologies, such as big data analytics, cloud computing, digital stores, and social media networks. With the increasing competition in this sector, customer experience has proven to be a very crucial differentiating factor among the array of online shopping options.

Asia Pacific is Expected to Witness Significant Growth

• Across the Asia Pacific region, shopping malls, grocery stores, supermarkets, convenience stores, and hypermarkets are getting a digital upgrade designed primarily to stay competitive in the next generation of shopping experience.
• With the advent of technological innovations in the market like facial recognition, rapid-fire delivery, digital payments, big data, and shopping experience tailored to the consumer needs, the retail experience is primarily being designed to be seamless, fast, and convenient. These advancements have combined the physicality and accountability of an offline store with the speed and ease of online shopping and have changed the entire brick-and-mortar retail experience. These factors are expected to drive the demand for order management solutions during the forecast period.
• Moreover, retailers in the region are also entering into strategic partnerships. For instance, JD.com, one of China's largest retail companies, has been rolling out what it calls 'boundaryless retail' via partnerships with some of the major western players including Walmart and Intel.
• Also, retailing in India is somewhat unorganized. There is a need for the effective supply chain management. The main factors that drive the growth of organized retailing in India are rising urbanization, higher disposable incomes, growing consumerism, nuclear family structure, among others. These factors in the country are expected to fuel the demand for order management solutions.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Growing Retail and E-commerce Market

4.2.2 Growth in Multichannel Selling

4.3 Market Restraints

4.3.1 Security and Privacy Concerns

4.4 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION

5.1 By Offerings

5.1.1 Software

5.1.2 Services

5.2 By Deployment

5.2.1 Cloud

5.2.2 On-premise

5.3 By End-user Vertical

5.3.1 Retail & E-commerce

5.3.2 Food & Beverage

5.3.3 Healthcare

5.3.4 Other End-user Verticals

5.4 Geography

5.4.1 North America

5.4.1.1 United States

5.4.1.2 Canada

5.4.2 Europe

5.4.2.1 United Kingdom

5.4.2.2 Germany

5.4.2.3 Rest of Europe

5.4.3 Asia-Pacific

5.4.3.1 China

5.4.3.2 Japan

5.4.3.3 Rest of Asia-Pacific

5.4.4 Latin America

5.4.5 Middle-East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 INVESTMENT ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/r/bt22w9