Market Highlights
MRFR concludes in a recent research study that the global omnichannel retail commerce platform market is expected to grow from USD 2.99 billion in 2017 to USD 11.01 billion by 2023, at a compound annual growth rate (CAGR) of 21.48% during the forecast period. Advanced retailing models such as interactive stores, social commerce, click and collect, and virtual stores will witness significant growth.
Major drivers shaping the omnichannel retail commerce platform market are the rising number of internet and social media users and the ever-increasing smart phone users coupled with rising adoption of m-commerce facilities. The use of multi-channel approach provides retailers enhanced operational efficiency, thereby, increase their sales and profit margin. It also lets the retailer gain an added advantage of knowing the consumer behavior such as their purchasing habits. As a result, the retailer can reduce the excess inventory in stores and minimizing their expenses. However, high initial investments and complexity in the supply chain hamper the growth of omnichannel retail commerce platform market.
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Major Key players
- IBM Corporation (US),
- Cognizant Technology Solutions Corp (US),
- NCR Corporation (US),
- Salesforce.com (US),
- Oracle Corporation (US),
- SAP SE (Germany),
- Toshiba Corporation (Japan),
- Diebold Nixdorf AG (Germany),
- Infosys Ltd (India),
- Infor Global Solutions Inc (US).
Other players in the omnichannel retail commerce platform market are Dunnhumby (UK), iVend Retail (US) and Retail pro international (US).
According to MRFR, Global Omnichannel Retail Commerce Platform Market is expected to grow from USD 2.99 billion in 2017 to USD 11.01 billion by 2023, at a compound annual growth rate (CAGR) of 21.48% during the forecast period.
Segmentation.
By deployment, the market is segmented SaaS platform and On-Premise deployment mode.
By solution, the market is segmented into e-Commerce, order management, Point of Sales , retail order broker cloud service, CRM, warehouse management, others.
By vertical, the market is segmented into apparel & footwear, FMCG, consumer electronics and others.
By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world
Regional analysis
The global market for omnichannel retail commerce platform is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of omnichannel retail commerce platform market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to have the largest market share due to high level of digitization and an increase in online sales as compared to that of offline sales. The Asia-Pacific region is expected to be the fastest growing region owing to the large e-commerce market and increasing adoption of click and collect system which is driving the growth of omnichannel retail commerce platform market in this region.
Competitive Analysis
Omnichannel is creating a seamless shopping experience for the customers whether the customer is in a brick-and-mortar store or on any other digital channel and therefore the retailers focus on providing proper omnichannel platform and an integrated shopping experience to the customers. Many online retailers went offline as well as that of traditional retail businesses went digital considering the potential of the omnichannel retailing. For example, the two biggest e-commerce giants in the market such as Amazon and Alibaba, have now expanded their offline footprints by launch of new brick and mortar stores to gain maximum market share. Also, many other companies are involved in mergers, acquisitions, partnerships and joint ventures to enhance their sales channels and thus gain considerable profits.
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Intended Audiencesss
- E-commerce websites
- Marketing agencies
- Services providers and distributors
- Advertising firms
- Enterprises
- Research institutes, organizations, and consulting companies
LIST OF TABLES
Table 1 Global Omnichannel Retail Commerce Platform Market, by Region, 2018–2023
Table 2 North America: Omnichannel Retail Commerce Platform Market, by Country, 2018–2023
Table 3 Europe: Omnichannel Retail Commerce Platform Market, by Country, 2018–2023
Table 4 Asia-Pacific: Omnichannel Retail Commerce Platform Market, by Country, 2018–2023
Table 5 Middle East & Africa: Omnichannel Retail Commerce Platform Market, by Country, 2018–2023
Table 6 Latin America: Omnichannel Retail Commerce Platform Market, by Country, 2018–2023
Table 7 Global Omnichannel Retail Commerce Platform Deployment Market, by Region, 2018–2023
Table 8 North America: Omnichannel Retail Commerce Platform Deployment Market, by Country, 2018–2023
Continued……
LIST OF FIGURES
Figure 1 Global Omnichannel Retail Commerce Platform Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Omnichannel Retail Commerce Platform Market
Figure 4 Value Chain of Global Omnichannel Retail Commerce Platform Market
Figure 5 Share of Global Omnichannel Retail Commerce Platform Market in 2017, by Country, 2018 to 2023
Continued……
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