Disclosure NewswireTMiCrowdNewswire - Feb 12, 2019
According to a new market research report “Global Multichannel order Management Market Size study, by Solution(Software, Services), by Deployment Type (Cloud, On-Premises), by Organization Size (Large Enterprises, Small and Medium-Sized Enterprises) by Vertical (Retail, E-commerce and Wholesale, Manufacturing, Healthcare, Food and Beverage, Others) and Regional Forecasts 2018-2025”, published by Planet Market Reports, the global market is expected to reach USD XX billion by 2023 from USD XX billion in 2018, at a CAGR of 4.2%.
Global Multichannel order Management Market valued approximately USD xxx billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.2% over the forecast period 2018-2025.
The Multichannel order Management market is developing and expanding at a significant pace. The Multichannel order management solution is mainly a business-to-business software which is developed for various merchants to sell their products & enhance focus on E-commerce. The Multichannel order management solution is being precisely designed to help in combining orders from various channels into the same catalog & post latest prices and throughout all channels during changes in prices. In the present scenario, some of the multichannel order management solutions are utilized for basic needs and to act as a commerce management solution. Moreover, with the surge of the online market, enterprises precisely the retail stores are going towards adopting innovative technologies which include big data analytics, cloud computing, digital stores and social media networks to effectively engage with the customers and enhance their customer base.
The organizations are precisely focusing on improving the customer experience, as it is considered an impactful factor among a long range of online shopping choices owing to the rise in competition in both the private and public organizations. Hence, the adoption of multichannel order management software solutions in organizations is high owing to its benefits which includes faster time to market, easy deployment, simple architecture, enhanced customer experience, and improved operational efficiency. The Multichannel order management market is primarily driven due to a surge in retail sales and online shopping vertical in both the developed and developing countries.
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According to India Brand Equity Foundation, the E-commerce industry in India is escalating at a rapid pace is anticipated to surpass the united states & become the second largest e-commerce market considering the global scenario by the end of the year 2034. Moreover, the organizations tend to become more flexible and agile which fuels the demand of scalability which results into the constant upsurge of multichannel selling, thus escalating the need to adopt multichannel order management solutions within the enterprises. The demand for multichannel order management is also growing as these are less costly in nature as compared to traditional solutions.
The regional analysis of Global Multichannel order Management Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of market share. Whereas, owing to countries such as China, Japan, and India, the Asia Pacific region is anticipated to be the dominating region over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Global Multichannel order Management Market By Solution:
Global Multichannel order Management Market By Deployment Type:
Global Multichannel order Management Market By Organization Size:
? Large Enterprises
? Small and Medium Sized Enterprises
Global Multichannel order Management Market By Vertical:
? Retail, E-commerce and Wholesale
? Food and beverage
Global Multichannel order Management Market By Regions:
? North America
? Asia Pacific
? Latin America
? Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The leading market players mainly include-
? IBM Corporation
? Oracle Corporation
? Browns tape
Target Audience of the Global Multichannel order Management Market in Market Study:
? Key Consulting Companies & Advisors
? Large, medium-sized, and small enterprises
? Venture capitalists
? Value-Added Resellers VARs
? Third-party knowledge providers
? Investment bankers
Name: Jennifer Daniel
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Organization: Planet Market Reports
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