The retail operations software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Retail Operations Software Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The retail operations software market size has grown strongly in recent years.
It will grow from $1.22 billion in 2023 to $1.30 billion in 2024 at a compound
annual growth rate (CAGR) of 6.5%. The
growth in the historic period can be attributed to demand for efficiency and
automation, rise of omni-channel retailing, focus on customer experience,
scalability and flexibility, and competitive differentiation.
The retail operations software market size is expected to see strong growth in
the next few years. It will grow to $1.68 billion in 2028 at a compound annual
growth rate (CAGR) of 6.6%. The growth
in the forecast period can be attributed to growth of multi-channel retailing,
focus on customer relationship management, compliance with regulatory
standards, and efficiency and cost reduction. Major trends in the forecast
period include mobile-first solutions, adoption of AI and ML, cloud-based
solutions, and sustainability and ethical sourcing.
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Scope Of Retail Operations Software Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Retail Operations Software Market Overview
Market Drivers -
An increasing number of retail stores is expected to propel the growth of the
retail operations software market going forward. Retail stores refer to
physical establishments where goods or services are sold directly to consumers
for personal use or consumption. Retail store numbers are rising due to
economic expansion and various technological innovations, including e-commerce
integration. Retail operations software is primarily used to streamline store
processes, from inventory management to customer relationship management,
improving efficiency and enhancing the customer experience in the retail
sector. For instance, in January 2024, according to the National Association of
Convenience Stores, a US-based trade association, the number of convenience
stores operating in the United States at the beginning of 2024 reached 152,396,
reflecting a 1.5% increase compared to the count in 2023. Therefore, the
increasing number of retail stores is driving the growth of the retail
operations software market.
Market Trends -
Major companies operating in the retail operations software market incorporate
AI-driven supply chain optimization solutions, such as AI-powered POS (point of
sale) software, to enhance various aspects of retail operations. AI-powered POS
software is a type of retail management system that leverages artificial
intelligence and machine learning technologies to enhance various aspects of
the point-of-sale process. For instance, in July 2023, Urban Vyapari, an
India-based provider of cloud-based solutions, launched AI-powered POS software
to revolutionize the retail and restaurant industries by providing cutting-edge
POS solutions and digital transformation tools for dynamic businesses. The
AI-powered POS system helps eliminate losses by accurately tracking inventory
and orders based on sales and up-to-date supply levels. It also offers
consumers the ability to handle virtually all payment methods across online
platforms, mobile apps, via chat, social apps, and in-store payments.
The retail operations software market covered in this report is segmented –
1) By Type: Cloud Based, Web Based
2) By Pricing Model: Subscription, One-Time License
3) By Application: Large Enterprises, Small And Medium-Sized Enterprises
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Regional Insights -
North America was the largest region in the retail operations software market
in 2023. Asia-Pacific is expected to be the fastest-growing region in the
forecast period. The regions covered in the retail operations software market
report are Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Major companies operating in the retail operations software market report are
Microsoft Corporation; International Business Machines Corporation; Oracle
Corporation; SAP SA; Salesforce.com Inc.; Adobe Inc.; Square Inc.; Intuit Inc.;
NCR Corporation; Shopify Inc.; NetSuite Inc.; Zoho Corporation; Epicor Software
Corporation; Blue Yonder; Cegid Group; Lightspeed POS Inc.; Aptos Inc.; ACCEO
Solutions Inc.; Kibo Commerce; LS Retail ehf; Revel Systems; ECR Software
Corporation; Celerant Technology Corporation; Retail Pro International LLC;
RetailOps
Table of Contents
1. Executive Summary
2. Retail Operations Software Market Report Structure
3. Retail Operations Software Market Trends And Strategies
4. Retail Operations Software Market – Macro Economic Scenario
5. Retail Operations Software Market Size And Growth
…..
27. Retail Operations Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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